The US, which continues to lead the global venture capital (VC) funding market, has been experiencing weak investment activity for some months amid the volatile market conditions, found GlobalData. The leading data and analytics company also notes that monthly VC fundraising for the US was at its lowest level in August 2022. This was the first month this year when the total VC funding raised by US-based startups fell below $10 billion.

An analysis of GlobalData’s Financial Deals Database reveals that VC funding value fell by 29.3% to $9 billion in August with deal volume also falling by 3.3% compared to the previous month.

Meanwhile, the cumulative VC funding deal volume announced during January to August 2022 was 7,277 with the corresponding disclosed funding value standing at $146.3 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Volatile market conditions amid unfavorable macroeconomic scenarios seem to be taking a toll on the investor sentiments with August marking the fifth consecutive month of decline in total VC fundraising by US-based startups.”

In fact, the US is yet to see a billion-dollar VC funding deal announcement in 2022. Meanwhile, the number of deals valued more than or equal to $100 million also fell from 29 in July 2022 to 16 in August.

Bose adds: “The lack of any billion-dollar VC funding deal announcement so far this year and the decline in number of deals valued more than or equal to $100 million is also a testimony of the dent in investors’ appetites for big-ticket deals.”

Note: Historic data may change as some deals may be added to previous months because of a delay in disclosing information to the public domain