Venture capital (VC) funding activity in the US witnessed a massive decline during the first half (H1) of 2023. A total of 4,218 VC deals with disclosed funding value of $64.6 billion were announced in the US during H1 2023. This represents a year-on-year (YoY) decline of 34.7% in terms of volume and 49.2% drop in value, reveals GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Financial Deals Database revealed that a total of 6,458 VC funding deals were announced in the US during H1 2022 while the corresponding disclosed value of these deals stood at $127.1 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Now that the dent in investor sentiment is a global phenomenon, almost all the key markets including the US, are experiencing subdued VC funding activity. Nevertheless, it did not alter the US’ dominance in global VC funding landscape and it continues to account for the highest share of deal volume as well as value.”
The US accounted for 38.1% of the total number of VC funding deals announced globally during H1 2023 while its share of the corresponding deal value stood at 51.4%.
Some of the notable VC funding deals announced in the US during H1 2023 include $6.5 billion raised by Stripe, $1.3 billion funding secured by Inflection AI, $500 million by Rippling, $500 million raised by Sandbox AQ, and $450 million secured by Anthropic.
