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Laxman Pai, Opalesque Asia: Global venture capital investments rose to $368.5 billion in 2024, up 5.4% from $349.4 billion a year earlier, revealed a study.
However, the number of global deals in 2024 fell 17% to 35,686 from 43,320 a year earlier in 2023. AI deals as a percentage of all deals rose for the year, according to the first look at the Q4 2024 Pitchbook-NVCA Venture Monitor report.
The 2024 global deals are down 50.9% from $751.5 billion in the peak year of 2021 and down 37% from 57,068 in deal count in 2021.
"2024 was supposed to be a year of recovery for VC, or at least there was hope of such market growth before the year began. Though it wasn't all doom and gloom, 2024 didn't produce the exits and returns that the market had hoped for, and the lack of distributions continues to hamper global fundraising as LPs remain wary of the industry," said the report.
AI deals are a big part of the picture now. There were 8,343 global AI deals in 2024, down 3.6% from 8,661 in 2023 and down 16.6% from 10,007 in 2021. The value of those global AI deals in 2024 was $131.5 billion, up from 52% from $86.3 billion in 2023 and down 6% from $140.2 billion in 2021.
AI and machine learning were 35.7% of global deal value in 2024, up from 24.7% in 2023. And AI and machine learning were 23.4% of the global deal count in 2024, up from 20% in 2023. In 2021, AI was 18.7% of global deal value and 17.5% of global deal count.
Meanwhile, European VC deal value slightly dec...................... To view our full article Click here
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