HomeTech PlusStartup StoriesUS startups raise $82.2 billion VC funding during Jan-Aug 2024, reveals GlobalData

US startups raise $82.2 billion VC funding during Jan-Aug 2024, reveals GlobalData

An analysis of GlobalData’s Deals Database revealed that a total of 5,084 VC deals of worth $80.7 billion were announced in the US during January-August 2023.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The improvement in the total funding value despite fall in the volume could be attributed to the announcement of some high-value deals during the review period.”

It is noteworthy that the number of VC deals valued more than or equal to $100 million, which stood at 134 during January-August 2023, jumped significantly to 192 during January-August 2024. In fact, some of the US-based startups also managed to secure billion-dollar investments during the review period.

Some of the notable VC funding deals announced in the US during January-August 2024 include $6 billion worth funding raised by X.AI, $1.5 billion worth fundraising by Anduril Industries, $1.1 billion raised by CoreWeave, $1 billion raised by Scale AI, $1 billion raised by Wiz and $1 billion raised by Xaira Therapeutics.

Bose adds: “These big-ticket deals also testify the investor confidence in the US startup ecosystem. No wonder, the US continues to be the top market for VC funding activity, remaining significantly way ahead of its peers in terms of both deal volume and value. In fact, the US was home to more than half of the VC funding raised globally during January-August 2024.”

The US accounted for 28.9% of the total number of VC deals announced globally during January-August 2024 while its share the corresponding total disclosed funding value stood at 50.5%.

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