Friday, 15 December 2023

Share of app startup funding hits decade low, but will Epic change that?

Plus, our most-read stories of 2023

December 15, 2023

Hi, Agen. The phrase “app economy” gained popularity about a decade ago, when smartphones completed their evolution from cool gadget to essential device of modern living. Since then, of course, apps have only become more entrenched. Startup investment, however, has not followed a similar pattern, Crunchbase data shows. Plus, we revisit Crunchbase News’ top 10 stories of 2023.

📲 Share of app startup funding hits lowest point in a decade

In 2016, startups tied to the app economy received 14% of all venture funding, per Crunchbase data, with then-hot companies like Uber and Snap each pulling in billions of dollars that year alone. This year, app startup funding as a portion of overall venture capital has dwindled to just 2.5%. But will Epic Games’ legal victory against Google and its Play Store help to change that trajectory?

Related Crunchbase Pro list: Funding To US App Economy Companies

👀 Our top stories of 2023, from the VC downturn to AI brainstorming

For the startup world, 2023 was an action-packed year — with AI adoption exploding, the failure of the largest startup bank, and layoffs piling up each week — and readers flocked to our coverage of these topics. With that, let’s take a look at 10 of Crunchbase News’ most-read stories of 2023.

🧓 These are top-funded areas for senior-focused startups

Startups tackling four major trends related to an aging population — anti-aging breakthroughs, preventative medicine, fitness and managing care — are drawing significant funding. We look at some of the top-funded startups in each space and what they’re working on.

Related Crunchbase Pro list: Aging-Related Startups Funded In 2023

🔮 IPOs? Layoffs? More AI? Share your 2024 outlook in our survey

Do you feel more upbeat or gloomier now compared to a year ago? What are the big tech trends and stories you’ll be watching in 2024? And do you expect the market for new tech IPOs — which briefly opened a smidge this fall — to swing wide open next year? Tell us in our latest brief, anonymous Crunchbase News reader survey.

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