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October 10, 2023 | Tom Ballard

Crunchbase News reports slight decline in Q3 investing

The data show early-stage investments "weakened considerably," while later stages were up.

Joanna Glasner writes in Crunchbase News that “after a dramatic upswing and then a sharp descent, North American start-up funding is exhibiting a new trendline: a flat one.”

According to data from the organization, third-quarter investments totaled $31.4 billion across all stages in U.S. and Canadian start-ups. That was a slight three percent decrease from the previous quarter although Glasner notes that gross numbers to not tell the full story. “Early-stage investment, meanwhile, weakened considerably, delivering the lowest quarterly tally in years,” she wrote. “Seed was also down some, pointing to a much tougher fundraising climate for founders.”

The news was more positive for those in later growth stages.

“Later stage investment ticked sequentially higher in the third quarter, as average round sizes grew and venture capitalists backed some robust rounds tied to cleantech and artificial intelligence,” Glasner noted.

Click here to read the analysis.

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