A total of 5,705 venture capital (VC) funding deals were announced in the US during the first half (H1) of 2022, while the disclosed funding value of these deals stood at $123.1 billion. Although this is the highest capital raised by any country during H1 2022, amounting to close to 50% of the total VC funding amount raised globally, the country’s VC funding value dropped by 21.7%, while deal volume declined by 19% in H1 2022 compared to H1 2021 according to GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that this decline is mainly driven by subdued activity in Q2 2022, as deal activity in the US has seen a consistent decline during the last three months (April to June). VC funding value in June declined by 9.2% compared to the previous month. Deal volume also decreased by 11.5%.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Inflation appears to be taking a toll on the country’s deal-making sentiments, with a record high inflation testing investors’ confidence. Although several $100 million+ deals have been announced in the country, it is yet to see an announcement of a billion-dollar VC funding deal in 2022.”
Some of the notable $100 million+ VC funding deals announced during H1 2022 in the US include $935 million funding raised by Flexport, $725 million funding raised by Acrisure, $675 million raised by The Boring and $625 million funding raised by Resilience.
