23 Jun, 2022 US-based start-ups raised $106.1 billion VC funding between January and May 2022, finds GlobalData
Posted in Business FundamentalsA total of 4,791 venture capital (VC) funding deals were announced in the US during January to May 2022 while the disclosed funding value of these deals stood at $106.1 billion, according to GlobalData.
An analysis of the leading data and analytics company’s Financial Deals Database reveals that the US was the only country to surpass the $100 billion mark in cumulative VC funding during January to May 2022 despite witnessing a decline in deal volume and value in recent months.
In fact, VC funding deal volume and value for the US declined by 32.7% and 17.1% in May compared to the previous month.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “VC funding has remained subdued as concerns about a potential recession build and add to the already prevalent market volatility. Interestingly, the US, which also happens to be the largest market for VC investments, is yet to see a billion-dollar VC funding deal (valued more than or equal to $1 billion) in 2022.”
Nevertheless, several VC deals valued at more than $100 million were announced during January to May 2022, including $935 million raised by Flexport, $675 million raised by The Boring Company, $620 million raised by CRB Group, $580 million raised by Anthropic and around $550 million raised by Fireblocks.