Venture investors continued to scale back in April 2023.
Global funding reached $21 billion, down 56% from $47.8 billion in a year-over-year comparison. This is the second-lowest amount recorded in a single month since July 2022 when venture capital started to scale below $30 billion, CrunchBase reports.
The slowdown has impacted all funding stages. Seed was down more than 50% year over year, while early-stage funding dropped 48%. Late-stage funding was down the most at 62%.
Month-over-month funding amounts were also down, in large part due to an increase in late-stage funding in March 2023 with Stripe‘s $6.5 billion funding. Read more.
