VC funding on global basis continues significant downward slide
Global venture funding is down, according to data from Crunchbase.
November did not produce the greatest news if you are trying to raise capital for your start-up.
Crunchbase News reports that global venture funding in November 2022 was down 69 percent from the same month in 2021, a drop from $70 billion in November 2021 to just $22 billion. Month-over-month funding was also down by 19 percent. Last month was also the lowest funding month on record in nearly three years when just $18.3 billion was invested during February 2020.
An analysis of Crunchbase data revealed that all funding stages were down this past month compared to a year ago. Seed funding dropped by a third, early stage halved, and late stage was down by 80 percent compared to November 2021. The organization also reported that about one-third fewer start-ups were funded in November compared to a year ago. Unique start-ups funded in November 2022 were below 2,000 compared to 3,500 in November 2021.
Photo courtesy of Crunchbase.