Venture funding reached over $23 billion in July 2024, slightly down month over month and up more than 20% year over year, based on an analysis of Crunchbase data. The largest global automakers and their affiliated venture funds have joined in at least 52 startup funding rounds this year, collectively valued at close to $2.8 billion. Could the election cycle bode well for a 2025 U.S. IPO market pickup? We take a look back at post-election year IPOs. U.S. advertising-focused startups have raised only around $360 million so far this year, putting the industry on track for the slowest year in over a decade. Total venture funding to supply chain startups have yet to hit even $2 billion this year — a pace that if continued will result in a stunning 79% drop from the all-time high set in 2021. Venture funding to the media, entertainment and gaming industry increased 58% in the first half of 2024. Read our joint report with Alignment Growth to discover the trends powering MEG to the next level. Crunchbase, Inc. |
Saturday, 10 August 2024
Funding Settles In July, And Automakers Invest In Autonomy And Sustainability
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