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Laxman Pai, Opalesque Asia: In the first quarter of 2024, global venture capital funding grew by approximately 16% quarter over quarter, reaching $89 billion distributed over 4,600 deals, said a study.
According to Bain & Company's Global Venture Capital Outlook, the US experienced the most substantial spike, with a 72% quarter-over-quarter increase in funding, aided by large investments in technology, AI, energy, and healthcare.
China saw a 13% increase in quarter-over-quarter funding, bolstered by investments in the automotive and AI sectors. In contrast, Europe reported a 28% decline in funding, primarily because of ongoing macroeconomic uncertainty and the UK's technical recession.
In the meantime, average deal sizes grew across all funding stages, with early-stage deals recording 43% quarter-over-quarter growth, followed by seed- and late-stage deals with sequential growth of 17% and 21%, respectively. In particular, Series B deals surged, propelled by sectors such as generative AI, clean energy, and healthcare.
While the number of corporate venture capital (CVC) investors remained stable, there was a noticeable increase in CVC-funded deals in the first quarter of 2024. Early- and seed-stage deals in energy, AI, and healthcare fueled the rise in activity.
"Generative AI continues to dominate the venture capital landscape. While foundation and large language models saw the lion's share of funding, given their capital-intensive nature, other categor...................... To view our full article Click here
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