What the numbers say: Preliminary data for Q2 2023 compiled by Carta suggests that median pre-money valuations of startups have increased across all funding stages compared to the preceding quarter. The increase is especially noticeable for Series B and C startups. Relevance: Median pre-money valuations for seed stage and Series A startups remained relatively flat in Q2 2023 at $13.3M and $40M, respectively, compared to the previous quarter. Series B startups experienced a substantial increase from $81M to $101M, while Series C valuations increased from $200M to $325M. The valuation slump eased for late-stage startups, with both Series D and Series E+ startups showing slight improvement over the previous quarter. What happened: Median round sizes have increased as well. However, the increase is far more gradual than the spike seen in valuations. Median rounds sizes for Series A, B, and C stage startups in Q2 were $7.4M, $16M, and $25M, respectively. |
