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What the numbers say: Global VCs deployed $21B capital in startups in April 2023. Despite slumping 56% YoY, global VC funding showed a slight improvement over the capital deployed in February 2023. VC funding retreated across seed-stage, early-stage, and late-stage by 50% YoY, 48% YoY, and 62% YoY, respectively. What happened: The current quarterly figures show that the VC funding pullback has persisted, continuing the trend established in previous quarters. In Q1 2023, global VC funding deployment was down 53% YoY. March was the only outlier in the last few months. However, its quarterly totals were boosted by Stripe's $6.5B funding round, which closed in the month. Where to see the impact: In April 2023, the healthcare and AI sectors secured $5.7B and $2.8B of VC funding, respectively, indicating investors' enthusiasm for both sectors. Fintech firms secured $2.7B of VC funding, nearly a third of the $7.7B deployed in the same month a year ago. Relevance: Only five new unicorns were minted in the month, compared to 40 in April 2022. In the previous quarters, unicorn startups were able to nab nearly a third of the total VC funding deployed. However, global unicorns seized $4.4B of VC funding in April, representing 20% of the total VC funding deployed in the month. |
