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Laxman Pai, Opalesque Asia: The US secured $82.2 billion in venture capital (VC) funding through 3,102 deals announced during January-August 2024, while UK startups attracted a total of $10.1 billion in VC funding through 673 deals, said a study.
According to the GlobalData study, US VC funding represents a 1.9% year-on-year (YoY) improvement in total funding value even though VC deals volume fell by 39% compared to the number of deals announced during the first eight months of 2023.
Meanwhile, UK startup's VC funding marks a year-over-year (YoY) improvement of 14.8% in total funding value despite a 16% decline in VC deals volume compared to January-August 2023.
An analysis of GlobalData's Deals Database revealed that a total of 5,084 VC deals worth $80.7 billion were announced in the US during January-August 2023. The UK witnessed the announcement of a total of 908 VC funding deals worth $8.8 billion during the first eight months of 2023.
It is noteworthy that the number of VC deals in the US valued more than or equal to $100 million, which stood at 134 during January-August 2023, jumped significantly to 192 during January-August 2024. Some of the US-based startups also managed to secure billion-dollar investments during the review period.
Some of the notable VC funding deals announced in the US during January-August 2024 include $6 billion worth funding raised by X.AI, $1.5 billion worth fundraising by Anduril Industries, $1.1 billion raised by Co...................... To view our full article Click here
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