A total of 3,532 venture capital (VC) funding deals worth $55.3 billion were announced in the US from January to May 2023, said a study.

This translates into a year-on-year (YoY) decline of 36.4% in terms of volume announced and a massive 50.2% in terms of value, said the GlobalData study. A total of 5,552 VC funding deals of $111.1 billion were announced in Janua