In 2021, U.S. venture capital funds raised a record $128.3 billion across 730 funds eclipsing the 2020 record of $86.9 billion by a staggering 47.5%. This was matched by a record-breaking year for VC-backed companies exiting with approximately $774.1 billion in exit value through public listings or acquisitions, a whopping 168% increase over 2020.

Few expected 2022 to match this growth. The first quarter of 2022 has seen volatile market conditions across nearly all sectors, including venture capital. The unexpected war in Ukraine continues and interest rates have finally been hiked, resulting in less readily available capital. READ MORE