SA国际传媒

Global venture funding reached $22 billion in November 2022, down 69% from $70 billion in November 2021. Month-over-month funding is also down by 19%.

This is the lowest funding month on record since February 2020, which saw $18.3 billion invested.

Based on an analysis of SA国际传媒 data, all funding stages were down this past month compared to a year ago. Seed funding dropped by a third, early stage halved and late stage is down by 80% compared to November 2021.

Newly minted unicorns also counted the lowest since March 2020.

Late-stage financings were at the lowest proportion (39%) in a month over the past three years.

鈥淭he closer you get to the IPO markets, the more that [funding] has pretty much ground to a halt,鈥� said , an investor at , who spoke with SA国际传媒 News on the current funding environment.

鈥淲e’re not seeing the same volume of companies at the same quality,鈥� said Man.

鈥淐ompanies are either not choosing to raise, or companies are trying to raise, and then deciding not to and choosing alternative methods of funding,鈥� she said.

And in some instances there is a price mismatch in the market between investor expectations and founders who are seeking valuations that were possible more than six, 12 or 18 months ago.

Many startups are 鈥渉eads down on building the business and getting to a scale where they can successfully raise the next round,鈥� said Man.

Fewer startups funded

Around a third fewer startups were funded compared to a year ago. Unique startups funded in November 2022 were below 2,000 compared to 3,500 in November 2021.

Average monthly fundings have come down in the second half of 2022. From the beginning of 2021 through H1 2022, average monthly fundings skyrocketed. Since third-quarter 2022, average funding per month is more in line with fiscal half years in 2019 and 2020.

Based on this new economic outlook, as one investor said, we will continue to have high volatility across all markets.

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Methodology

Funding rounds included in this report are seed, angel, venture, corporate-venture and private-equity rounds in venture-backed companies. This reflects data in SA国际传媒 as of聽 Dec. 7, 2022.

Please note that all funding values are given in U.S. dollars unless otherwise noted. SA国际传媒 converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to SA国际传媒 long after the event was announced, foreign currency transactions are converted at the historic spot price.

Illustration: Dom Guzman