Global venture capital investments fell 34% in Q3 2022 from Q2, continuing the sector’s overall slump. That’s according to CB Insights’ report, “State of Venture Q3 2022” (PDF).
According to the report, Q3 2022 was a nine-quarter low in venture funding at $74.5 billion, a 58% decline from the peak in Q4 2021. Moreover, the 7,936 deals in Q3 were a 10% quarterly decline.
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With a combined 72% of deals in Q3 2022, the U.S. and Asia had the highest share.
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In Q3 of 2022, just 25 unicorns were born, but the overall global total increased to 1,192.
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Crunchbase reported similar results. According to Crunchbase’s analysis, global venture capital funding for Q3 2022 was $81 billion, down $40 billion (33%) from the previous quarter and $90 billion (53%) from Q3 2021. The downturn impacted all stages, per Crunchbase — angel-seed, early stage, late stage, and tech growth.