In the first quarter of 2024, the venture capital landscape showed varied signs of activity. Local companies secured over $700 million in venture funding, marking a nearly 14% increase from the previous year. Despite this local upswing, the global startup funding environment appeared more subdued, with investors spending just $66B, a downturn attributed to financing smaller sums than in past years. Meanwhile, U.S. venture capital funds accumulated a record $311.6 billion in 'dry powder,' though the majority of this capital, 73.1%, is concentrated in funds from the 2020-2022 vintages, a period of significant market volatility. The PitchBook-NVCA Venture Monitor for Q1 2024, supported by notable entities such as JPMorgan and Deloitte, highlighted that the current year is shaping up to be the most investor-friendly market in over a decade, due to a scarcity of large deals and low capital availability.
💡 Check out the Q1 2024 @PitchBook-NVCA Venture Monitor, created with @jpmorgan, @Dentons, and @Deloitte. It shows that due to a lack of large deals and low capital availability, 2024 is the most investor-friendly #VC market in over a decade. https://t.co/CDDJbcv7BP https://t.co/guy7YFFqRA
💡 In Q1 of this year, US VC funds amassed a record $311.6 billion in dry powder. However, the majority of this capital (73.1%) is concentrated in funds from the 2020-2022 vintages, which closed during a period of heightened market volatility and uncertainty. https://t.co/X8ft760T1i
Startup funding in Q1 was subdued, with investors globally spending just $66B, with Crunchbase data showing the most-active investors are financing, on average, smaller sums than was the case several years ago. https://t.co/t1K8LJCNRQ
VC fund returns uptick signals sunnier skies in 2024 https://t.co/Vp9bu767wd via @PitchBook #VC
Local companies landed more than $700 million in venture funding during the first quarter, up nearly 14% from last year. https://t.co/khaU0BhElh