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In the third quarter of 2024, eight venture capital-backed companies conducted initial public offerings (IPOs), raising a total of $1.1 billion. This figure represents a 50% decline compared to the same period last year. Additionally, U.S. venture capitalists invested $37.5 billion across 2,794 deals during the same quarter, marking a 34% decrease in deal volume from the previous quarter and a 17% decline year-over-year. The downturn in investment activity is attributed to a lack of exits, which has constrained new deal opportunities, despite some significant funding rounds in the artificial intelligence sector.
PitchBook: VCs in the US invested $37.5B via 2,794 deals in Q3 2024, down 32% QoQ, despite some big AI rounds, as a lack of exits restricts new deal activity (@danprimack / Axios) https://t.co/iysFjDhN54 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/oT5c2gehEb
ICYMI - Miami metro’s Q3 VC: Investment is up, deal count is down, Pitchbook report finds. Here are top deals, trends and more. https://t.co/jv0J9hCOQL
By the numbers: U.S. venture capitalists invested $37.5 billion via 2,794 deals during Q3 2024. The deal number is 34% lower than in the prior quarter, and 17% below the year earlier period. And it looks even worse beneath the hood, given the plethora of insider and bridge…