VC funding in US down by 44.1% YoY to $104.5 billion during January-November 2023, reveals GlobalData

  • Total VC funding value crosses $100 billion in November
  • US continues to dominate global VC funding landscape

The US startup ecosystem saw the announcement of a total of 6,307 venture capital (VC) deals of worth $104.5 billion during January-November 2023. This represents a year-on-year (YoY) decline of 42% in terms of deals volume and a decline of 44.1% in terms of deals value, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that a total of 10,881 VC deals were announced in the US during January-November 2022 while the disclosed funding value of these deals stood at $187.1 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “There was a significant setback in VC funding activity in 2023 and it is evident from the fact that it took 11 months for the US to touch $100 billion mark in total deal value. Interestingly, the US took only five months during 2022 to surpass the same value. Nevertheless, the US continued to maintain its dominance in the global VC funding landscape in terms of deal volume as well as value through 2023.”

The US accounted for 34.2% of the total number of VC funding deals announced globally during January-November 2023. Meanwhile, its share of the corresponding deal value stood much higher at 47.2% as some of the startups in the US managed to attract big investments despite weak deal-making sentiment and the prevailing investor cautiousness.

Some of the notable VC funding deals announced in the US during January-November 2023 include $6.5 billion raised by Stripe, $1.3 billion secured by Inflection AI, $1.1 billion worth funding raised by Metropolis Technologies, $1 billion worth funding raised by Redwood Materials, and $1 billion worth funding raised by Stack AV.

Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain.

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