Global venture capital (VC) investment fell slightly from $83.8 billion across 9,458 deals in Q4’23 to $75.9 billion across 7,520 deals in Q1’24 amid geopolitical tensions, the extended drought in exits among VC-backed companies, and a continued pullback in investment at later deal stages. The level of VC investment in Q1’24 was the lowest since Q2’19, while the number of VC deals was the lowest since Q2’16.
The numbers are helped by a $5.2 billion raise by Sweden-based H2 Green Steel and a $4 billion raise by U.S.-based Anthropic, according to the Q1’24 edition of KPMG Private Enterprise’s Venture Pulse—a quarterly report that shines a spotlight on VC investment trends globally across key jurisdictions around the world. China also saw two $1 billion+ megadeals during the quarter—a $1.1 billion raise by IM Motors and a $1 billion raise by YueZhiAnMian.
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