Posted 1/4/2024, 3:36:14 PM
VC Funding Dries Up in 2023 With Lowest Deal Activity Since 2017
- Hopes for an easier fundraising environment in 2023 were not met as VC investment activity declined in Q4 2023 to the lowest levels since 2017-2019
- Both the number and values of deals across all stages were down in 2023 compared to 2020
- The number of seed deals declined in line with the broader market
- However, median seed deal sizes held steady at $3 million in 2023, matching the record high set in 2022
- The average seed deal value rose to $1.3 million, a level not seen since 2006, even as later stage deals declined