0.6 C
London
Friday, December 9, 2022

Nearly 80% of venture capital funds raised in just two states as US LPs retreat to shores

Must read

Isaac Ortega: Facts About Wednesday Actress Jenna Ortega’s Brother

Isaac Ortega is the brother of an American actress Jenna Ortega (aka Jenna Marie Ortega). His sister is best known as a young...

Japan, Great Britain and Italy are going to build jet fighters together

Japan, Britain and Italy are merging their next-generation fighter jet projects in a pioneering partnership that spans Europe and Asia. This is Japan's...

The Climate Founder’s Guide to the Inflation Reduction Act • londonbusinessblog.com

David Russenko Contributor David Rusenko is a full-time investor in climate technology. He was previously the founder and CEO of Weebly, which was sold to...

2022: The good, the bad and the wake-up calls

Hello and welcome back to Equitythe podcast about the business of startups, where we unravel the numbers and nuances behind the headlines. We're almost at...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Venture capital funds in the United States, we raised more dry powder in the first three quarters of this year than in all of 2021, but it’s not evenly distributed: the big funds are getting bigger, while fundraising is getting harder for most other players. And Q3 data shows that where a company is located seems to play an increasing role.

According to data collected by PitchBook, U.S. venture capital firms raised $150.9 billion in 593 funds in the third quarter of 2022. While this is a boost from the $147.2 billion raised in 2021, it marks a staggering drop from the 1,139 funds closed last year.

Many of these dollars went to old or established companies, which have the clout to raise mega funds, although some companies raised dollars by creating hype. Consequently, LPs are not as interested this year in supporting businesses outside of established venture hubs, marking an unfortunate reversal in the COVID-induced trend of more venture money making its way into emerging ecosystems.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Isaac Ortega: Facts About Wednesday Actress Jenna Ortega’s Brother

Isaac Ortega is the brother of an American actress Jenna Ortega (aka Jenna Marie Ortega). His sister is best known as a young...

Japan, Great Britain and Italy are going to build jet fighters together

Japan, Britain and Italy are merging their next-generation fighter jet projects in a pioneering partnership that spans Europe and Asia. This is Japan's...

The Climate Founder’s Guide to the Inflation Reduction Act • londonbusinessblog.com

David Russenko Contributor David Rusenko is a full-time investor in climate technology. He was previously the founder and CEO of Weebly, which was sold to...

2022: The good, the bad and the wake-up calls

Hello and welcome back to Equitythe podcast about the business of startups, where we unravel the numbers and nuances behind the headlines. We're almost at...

Medtech startup LiVac strikes US deal to transform surgery ahead of Series B

A medical invention created in regional Victoria has been picked up by US healthcare network Premier Inc. in a lucrative commercial deal for...