Venture Funding Stabilizing But Not Rebounding in Q3 as Late-Stage Investments Prop Up Declining Early Deals

Global venture funding in Q3 2023 totaled $73B, up from Q2 but down 15% from Q3 2022.

Seed and early-stage funding declined year-over-year, signaling venture markets aren't rebounding yet.

Late-stage funding increased 30% quarter-over-quarter and 10% year-over-year, boosted by large rounds in AI and semiconductors.

IPO markets showed signs of opening up for tech listings in 2024, with two VC-backed companies going public in September.

Year-to-date through Q3 2023, global funding was $221B, down 42% from the same period last year.