US venture capital funding slips by almost 50%

Oksana Patron

17 July 2023

The venture capital (VC) funding in the US market, which accounted for 51.4% deal value during the first half of 2023, slipped by 49.2% year-on-year to $64.6 billion, according to GlobalData.

This means that there were 4,218 VC deals in H1 2023 with disclosed funding value of $64.6 billion compared to 6,458 VC deals valued at $127.1 billion registered during the first half of last year.

Unsurprisingly, the data confirmed that a year-on-year decline occurred both in terms of volume and value, with volume down by 34.7% year-on-year.

Aurojyoti Bose, lead analyst at GlobalData, said that falling investor sentiment was reflected almost across all the key markets, with the American market being just the one of those experiencing subdued VC funding activity.

“Nevertheless, it did not alter the US’ dominance in global VC funding landscape and it continues to account for the highest share of deal volume as well as value,” he added.

The US market still accounted for 38.1% of the total number of VC funding deals globally.

The notable VC funding deals announced in the US during this time period included $6.5 billion raised by Stripe, $1.3 billion funding secured by Inflection AI, $500 million by Rippling, $500 million raised by Sandbox AQ, and $450 million secured by Anthropic.