Global deal activity, encompassing venture capital (VC) funding, remained subdued in 2023. Key markets such as the US, China, India and the UK also registered a decline in VC funding deal volume and value. However, despite suffering setbacks, the US continued to account for the highest share of high value* VC deals in 2023 followed by China. These two countries collectively accounted for 70% of the total number of high value VC deals announced globally in 2023, reveals GlobalData, publishers of RBI.

Aurojyoti Bose, Lead Analyst at GlobalData, said: “Although there was a dent in investor sentiment globally owing to macroeconomic challenges, inflation, interest hikes, ongoing conflict and geopolitical tensions, countries with conducive startup ecosystems such as the US continue to remain attractive investment destinations. VC firms have become cautious but not averse to placing big bets in promising startups from these countries.” READ MORE