The US-based startup ecosystem witnessed announcements of a total of 4,463 venture capital (VC) deals during January to November 2024 with a disclosed funding value of $125 billion, marking a significant year-on-year (YoY) improvement in total funding value despite a decline in the number of VC deals volume, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database also revealed that the US witnessed a 29.9% decline in VC deal volume during January-November 2024 compared to the announcement of 6,365 deals during January-November 2023. Despite this reduction in deal volume, the total disclosed funding value of these deals was up by 18.4% compared to $105.6 billion worth of funding raised during the same period in the previous year.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The growth in total funding value could be attributed to the increase in the number of big-ticket deals. The number of VC deals valued more than or equal to $100 million announced in the US increased from 187 during January-November 2023 to 265 during January-November 2024.”
Some of the notable venture capital funding deals announced in the US during January-November 2024 include $6.6 billion worth funding raised by OpenAI, $6 billion funding raised by X.AI, $5.6 billion funding secured by Waymo, $1.5 billion funding received by Anduril Industries, and $1.1 billion worth funding raised by CoreWeave, among others.
Bose adds: “The US continues to dominate the global VC funding landscape both in terms of deal volume and value.”
The US accounted for a 29.3% share of the total number of VC deals announced globally during January-November 2024, while its share in terms of total funding value stood at 52.5%.
