Dec 11, 06:30 PM

Global VC Funding Hits $70.1B in Q3 2024; November Sees $28B, $12.66B in US & Canada, $14B+ in AI

According to recent reports, global venture capital (VC) funding reached $70.1 billion in the third quarter of 2024, although the number of deals declined. A report from Crunchbase indicated that November 2024 saw $28 billion in VC funding, with artificial intelligence (AI) leading the sector by raising over $14 billion. The US and Canada region recorded the highest deal value totals for November at $12.66 billion, followed by the Asia-Pacific region at $8.45 billion. Additionally, private equity and venture capital-backed deal value and volume fell in November compared to the same period in the previous year. Despite these challenges, built world technology showed resilience in 2024, achieving triple-digit growth in critical sub-sectors related to climate change. Furthermore, a study from Cartainc noted a shift in venture valuations, revealing that 18% of new venture investments were classified as

#Crunchbase #US #Canada #Cartainc

Written with ChatGPT (GPT-4o mini).