US startups raise $45.6 billion venture funding in January-April 2023, reveals GlobalData

May 17, 2023 (Investorideas.com Newswire) A total of 2,577 venture capital (VC) funding deals were announced in the US during January to April 2023 while the disclosed funding value of these deals stood at $45.6 billion, finds GlobalData, a leading data and analytics company.

An analysis of GlobalData's Financial Deals Database reveals that VC deals volume in the US declined by 44.3% year-on-year (YoY) during January-April 2023 compared to the 4,629 VC deals announced during January-April 2022. Meanwhile, the corresponding VC deal value also declined by 51% YoY compared to $93 billion in January-April 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Economic uncertainties followed by increased interest rates and market volatility have been making VC investors adopt a conservative approach. Resultantly, there has been a subdued VC funding activity across most of the key markets and the US is not an exception."

Despite the decline, the US maintained its attractiveness and continued its dominance in the global VC funding landscape and accounted for 36.9% of the total number of VC deals announced globally during January to April 2023 and 53.6% of the corresponding deal value.

Some of the notable VC funding deals announced in the US during January to April 2023 include $6.5 billion raised by Stripe, $500 million raised by Rippling, $500 million raised by Sandbox AQ and $350 million raised by Adept.

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Notes to Editors

• Quotes are provided by Aurojyoti Bose, Lead Analyst at GlobalData
• The information is based on GlobalData's Financial Deals Database
• This press release was written using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts.

About GlobalData

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