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Laxman Pai, Opalesque Asia: According to S&P Global Market Intelligence data, global venture capital funding rounds decreased in both deal value and volume in the third quarter. Deal value from July to September amounted to $61.32 billion, down 7.8% from $66.54 billion during the same period in 2023.
As per the report of Crunchbase too, the amount of venture capital funding in the global market reached $ 66.5 billion in the third quarter (Q3) of 2024, slowing down 16% quarter-to-quarter (QoQ), or down 15% year-on-year (yoy).
S&P said the number of announced transactions during the quarter also fell to 3,341 from 4,025 in the year-ago period. In September, the deal value for venture funding rounds fell globally to a monthly total of $20.04 billion, representing a year-over-year decline of about 24.7%.
The number of funding rounds for the month also fell 21.2% to 1,163 from the year-ago period.
Crunchbase said that late-stage funding dominated with $ 31.6 billion in Q3 2024. Then, early-stage funding followed with $ 24.7 billion, angel-seed financing of $ 7.1 billion, and technology growth of $ 3.1 billion.
The Artificial Intelligence (AI) sector reportedly absorbed the highest global venture funding in Q3 2024, accumulating investment of up to USD 18.9 billion, which is equal to 28% of total global funding.
"The technology, media, and telecommunications (TMT) sector remained the biggest recipient of venture capital in September, accounting for 32.8% of the...................... To view our full article Click here
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