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May 19, 2022 | Tom Ballard

PitchBook’s latest reports underscore changes already happening or looming

PitchBook recently issued a couple of reports that should be of interest to readers.

One is the Q1 2022 “Mobility Tech Report” which documents that venture capital (VC) investments in the sector slowed from the blistering pace of 2021, dropping 35 percent quarter-over-quarter to $13.9 billion and 43 percent year-over-year. In addition, the number of exits dipped slightly in Q1 2022 compared to the same period last year, but overall exit values plummeted to less than one-sixth of Q1 2021’s figure. Click here for more information.

Another is the “VC Valuations Report” which noted several trends including these:

  • Early stage deal sizes and pre-money valuations hit record highs in Q1. At the outset, the numbers suggest that early stage start-ups are a bit more insulated from turbulence in the public markets than those at later stages.
  • As tech stocks took the brunt of the market volatility over the past few months, the average late stage pre-money valuation decreased from the highs of 2021, along with the top-decile figure.

More of that analysis can be found here.

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