The state of the global venture capital market leaves much to be desired, and the United States hasn’t escaped the slowdown: PitchBook and the NVCA both reported that the “third quarter of 2023 nearly saw the lowest overall venture deal value in six years and the lowest deal count in roughly three.”
In fewer words: Things are not good.
The news is not all bad, though. Despite PitchBook data indicating that venture totals were nearly flat in Q3 2023 compared to Q2 2023, deal volume has apparently also declined. The fact that startups managed to raise roughly the same amount of money in fewer rounds means that each round raised more capital, on average.