Global Venture Funding In July Was Second-Lowest This Year As Seed Startups Are Hit Hard

Global venture funding in July 2023 was the second-lowest monthly total since the reset began more than a year ago, Crunchbase data shows. With the slowdown now in its fourth or fifth quarter, it increasingly looks like the startup ecosystem is undergoing a top-to-bottom reset, from seed through late-stage startups and all the way to the investors that back them.

Global venture funding in July 2023 totaled $18.6 billion — down about 20% month over month, and 38% compared to the $29.8 billion invested in July 2022. READ MORE