SA国际传媒

Global venture funding reached $21 billion in October 2023, a few billion dollars聽 below the average 2023 monthly funding amount to date, data shows.

Funding continued to slow year over year with October amounts down around 24% from the $28 billion invested in October 2022.

To put this in a wider context, funding last month was less than one-third the monthly totals during the peak months of 2021.

Seed and early-stage funding also declined by about a third year over year as investors continued to scale back. Late-stage funding declined by 18% from a year ago, SA国际传媒 data shows.

Venture funding to U.S. companies totaled $11 billion 鈥� slightly more than 50% of total global funding.

Closures and M&A

Two high-profile unicorn companies shuttered in October: trucking company and health care claims management company . Each company was valued at close to $4 billion and had raised almost $1 billion in funding.

Well-funded late-stage companies will not be the only casualties in this slower funding environment as more companies that raised at record rates in 2021 and in the first half of 2022 face a funding cliff.

Meanwhile, M&A activity picked up in October.

Notable acquisitions included video chat company , acquired by for $975 million, and data pipeline company , acquired by cloud data company for $100 million. In edtech, acquired academic credentialing platform for $795 million.

AI, health care lead

SA国际传媒 data also shows artificial intelligence companies are garnering a greater share of dollars invested.

AI and health care companies raised the largest amounts last month, with close to $5 billion invested in each of those sectors. doubled down on investing in , an competitor with an initial $500 million investment and a commitment of up to $2 billion from the search giant.

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 Nov. 3, 2023.

Note that data lags are most pronounced at the earliest stages of venture activity, with seed funding amounts increasing significantly after the end of a quarter.

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.

Glossary of funding terms

As of January 2023, we have made a change to how we include corporate funding rounds in our reporting. Corporate rounds are only included if a company has raised an equity funding at seed through a venture series funding round.

Seed and angel consists of seed, pre-seed and angel rounds. SA国际传媒 also includes venture rounds of unknown series, equity crowdfunding and convertible notes at $3 million (USD or as-converted USD equivalent) or less.

Early-stage consists of Series A and Series B rounds, as well as other round types. SA国际传媒 includes venture rounds of unknown series, corporate venture and other rounds above $3 million, and those less than or equal to $15 million.

Late-stage consists of Series C, Series D, Series E and later-lettered venture rounds following the 鈥淪eries [Letter]鈥� naming convention. Also included are venture rounds of unknown series, corporate venture and other rounds above $15 million.

Technology growth is a private-equity round raised by a company that has previously raised a 鈥渧enture鈥� round. (So basically, any round from the previously defined stages.)

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