VCs view 2024 pretty optimistically — although with caveats — with funding likely already hitting its low, the exit markets coming back, and a coming to terms with the new normal of work. North American startup investors closed out 2023 with the worst quarter of the year, pulling back sharply on late-stage deals amid a weak exit environment. Generative AI and AI-related startups raised more than $42 billion in 2023, per Crunchbase data, with some, including OpenAI, Anthropic and Inflection AI, raking in billions of dollars all by themselves. Mirroring the global market, venture funding to startups in Asia in 2023 dropped 38% — falling to its lowest total dollar amount since 2015. Funding to European startups reached $52 billion in 2023, down 39% year over year from 2022, Crunchbase data shows. However, the continent's share of the venture capital ecosystem has increased since 2021. We provide the sentiments from our latest reader survey, in which our audience shared its thoughts on tech, AI, the economy, startup funding, company cost-cutting, and more. Crunchbase, Inc. |
Saturday, 13 January 2024
Venture Should Steady In 2024, And North American Startup Funding Dipped In Q4
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