Thursday, 4 January 2024

Startup funding plunges at every stage

Plus, 15 startups we think could go public in 2024

January 4, 2024

Hi, Agen. We can only go up from here, right? That would be the hope as we start 2024, with last year clocking in as the lowest level for startup funding globally since 2018. Our latest data shows venture investment in 2023 was down 38% year over year and fell across every stage, from seed to late. But not every sector dropped dramatically — quite a few were up (and it wasn’t just AI) and a handful declined only a bit. Dive in with our 2023 year-end startup funding report.

📉 Startup funding in 2023 hit lowest level in 5 years

It wasn’t just the unicorn startups that were hurting in 2023’s dismal venture funding environment. In fact, early-stage investment declined more than any other funding stage in 2023, falling 40% year over year. We look at that and the other big numbers and trends with our exclusive global startup funding report.

▶️ 15 startups we think could go public in 2024

From big names in enterprise tech to a fast-fashion giant to the fintech startup everyone’s talking about, here are 15 companies that Crunchbase News editors and reporters think could be among the first to go public when the IPO markets thaw.

Between the rapid ascendance of AI and the often dramatic downfall of startups large and small, 2023 was action-packed. We expect 2024 to be the year when things settle down a bit — but that doesn’t mean there aren’t some big trends to watch in the new year. Here are our top five.

🤑 The largest AI deals of 2023 — and who funded them

While most startups struggled to navigate a difficult funding environment in 2023, AI was the big exception. And by big, we mean really big — to the tune of billions of dollars apiece for the top funding recipients. Let’s look at who ranked at the top of the list for AI funding deals in a very active year for the sector.

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