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Laxman Pai, Opalesque Asia:

Global venture capital funding rounds decreased in both deal value and volume in the third quarter of 2024, according to a report.

According to S&P Global Market Intelligence data deal value from July to September amounted to $61.32 billion, down 7.8% from $66.54 billion during the same period in 2023.

The number of announced transactions during the quarter also fell to 3,341 from 4,025 in the year-ago period.

As per the study, the deal value for venture funding rounds fell globally to a monthly total of $20.04 billion in September, 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.

Sectorwise, the technology, media, and telecommunications (TMT) sector remained the biggest recipient of venture capital in September, accounting for 32.8% of the global total. Consumer and industrials followed, receiving 19.4% and 15.2% of the total, respectively.

Within the TMT sector, application software companies recorded the largest number of funding rounds at 265 in September. However, that was much lower than the 375 rounds registered in the same period a year ago. The system software subsector was second with 42 funding rounds.

Meanwhile, for the first nine months of 2024, the aggregate transaction value for global venture capital funding rounds fell 3.7% from a year earlier to $203.83 billion.

The number of deals over the same period decline......................

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