The U.S. venture capital (VC) deals are slowing in the face of ongoing economic headwinds, according to the Q3 2022 PitchBook-NVCA Venture Monitor.

The quarterly report, produced by PitchBook and the National Venture Capital Association (NVCA), said deal counts fell across all stages in the third quarter. Deal counts dropped for the second consecutive quarter after reaching a record high in the first quarter of 2022. Further, the
total money invested reached a nine-quarter low this past quarter. This pullback was especially pronounced at the late stage, where nontraditional investors – the largest drivers of mega deals and the overall growth seen at the top of the market – slowed investment in VC-backed startups. READ MORE