One interesting trend coming out of Carta's Q2 2023 State of Private Markets report: startups combined to raise more than $15.4 billion in funding during Q2 2023-up 26% from Q1.
While the amount of venture dollars raised on Carta increased by 26% in Q2, the total number of deals stayed relatively flat. This means that the average investment size also increased, growing from about $10.4 million in Q1 to $13.1 million in Q2.
In terms of both deal count and cash raised, this was the slowest Q2 since at least 2018. At the halfway point, 2023 is on pace to be the quietest year for venture activity since at least 2018.
Have you noticed any interesting trends in the VC landscape?
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Brent Devey
Community Manager
Carta
Salt Lake City UT
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