 February 3, 2024  Dealmaking involving venture-backed startups hit an eight-year low last year, as strategic and private equity buyers decided to keep their cash, likely waiting to see how far startup valuations would drop.  Coatue — one of the highest-flying investors back in the record-shattering venture days of 2021 — came back down to earth last year, curtailing the number of deals it did by 82% from just two years ago.  Many of the startup investors and entrepreneurs we’ve spoken with recently say that even if startup fundings don't come roaring back in 2024, they’re at least looking forward to a year of relative calm and predictability.  Over the past five years, the most-active PE buyers have spent over $36 billion to buy dozens of private software companies. But M&A deals for private companies have slowed considerably in recent quarters.  Although it may be a different year, AI is still big and doing intriguing things, while humanoids are becoming more viable and space is getting cluttered. So let’s take a look at what we might have missed.  With fuel-guzzling cargo ships traversing the world’s oceans estimated to emit more CO₂ into the atmosphere each year than all the airlines in the world, startups looking to address the issue have raised quite a bit of capital. Crunchbase, Inc. |
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