However, an analysis of GlobalData’s Financial Deals Database revealed that the recent month (September 2022) showcased improvement in terms of value. Apart from recording the first billion-dollar deal ($1 billion funding raised by Terawatt Infrastructure) in September 2022, the US-based start-ups also attracted some other big-ticket investments that included $450 million funding raising by Ziply Fiber, $315 million by Pie Insurance, $310 million funding raised by Gotham Greens and $300 million by Acelyrin. Resultantly, there was an improvement in VC funding value in September.
The month-on-month declining trend, which had brought down the VC funding value in the US to below $10 billion in August 2022, was reversed in September with total funding value increasing by 19.3% to $11.9 billion despite a drop in deals volume by 13.1% compared to the previous month.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although the US saw a year-on-year decline in VC funding activity during Q1-Q3 2022, the growth in funding value in September 2022 and announcement of a billion-dollar deal during the month suggest that despite their cautiousness, VC investors still see it as their preferred investment destination. In fact, the US was the only market to see a billion-dollar deal in September, while several other key markets including China experienced a fall in capital raising.”
