Oct 3, 03:02 PM

Global VC Market Declines 16% in Q3 2024 to $66.5 Billion Amid AI Investment Surge

The global venture capital (VC) market experienced a significant decline in the third quarter of 2024, with deal volumes dropping across the US, Europe, and Asia. According to data from PitchBook and the National Venture Capital Association (NVCA), VC investments in Asia hit $14.9 billion, marking the lowest figure since the first quarter of 2017. Overall, global VC funding reached $66.5 billion, down 16% quarter over quarter and 15% year over year. Despite the overall decline, artificial intelligence (AI) startups saw substantial investment, raising $18.9 billion, the second-largest quarter for AI funding. In the US, VC investments rose by 8% year over year to $37.9 billion across 3,777 deals, with AI firms receiving 36% of the deal value and 27% of the deal count in the first nine months of 2024. Big deals in the AI sector accounted for 28% of all venture investment last quarter.

#US #Europe #Asia #PitchBook #National Venture Capital Association #NVCA

Written with ChatGPT (GPT-4o).

Global VC Market Declines 16% in Q3 2024 to $66.5 Billion Amid AI Investment Surge

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