The US-based startup ecosystem saw the announcement of a total of 5,932 venture capital (VC) funding deals of worth $99 billion during January-October 2023, finds GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database reveals that VC funding deals volume in the US declined by 40.6% during January-October 2023 compared to the 9,984 VC deals announced during the same period in the previous year. Meanwhile, the decline in terms of funding value was pegged at 43.6% compared to the $175.3 billion raised during January-October 2022.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Despite witnessing a significant decline in VC funding activity in 2023, the US outpaced other countries by a wide margin in terms of both deal volume and value during January-October 2023.”
The US accounted for 35% of the total number of VC funding deals announced globally during January-October 2023. Meanwhile, its share of the total disclosed funding value stood at 48.8%.
Some of the notable VC funding deals announced in the US during January-October 2023 include $6.5 billion raised by Stripe, $1.3 billion secured by Inflection AI, $1.1 billion worth funding raised by Metropolis Technologies, $1 billion worth funding raised by Redwood Materials, and $1 billion worth funding raised by Stack AV.
