VC Investment in US Falls 50.2% YoY to $55.3B During January-May 2023

Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023.

A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in terms of volume announced and a massive 50.2% in terms of value,” according to GlobalData, a data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals “that a total of 5,552 VC funding deals of $111.1 billion were announced during January-May 2022.” READ MORE