Aurojyoti Bose, Lead Analyst at GlobalData, comments: “There was a month-on-month (MoM) as well as Year-on-Year (YoY) decline in VC deal activity in January 2023 while the impact was more prominent in terms of value.”

An analysis of GlobalData’s Financial Deals Database reveals that VC deals volume in the US declined by 24.2% and 57.8% in January 2023 compared to the previous month and January 2022, respectively. Meanwhile, the MoM and YoY decline in value terms stood at 55.3% and 76.8%, respectively. READ MORE