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November venture capital: early stage investments decline, late stage rises - SiliconANGLE

Dec 05, 2023 - siliconangle.com
A new report by Crunchbase Inc. reveals a decline in global venture capital funding in November, with $19.2 billion invested into startups, down 16% from November 2022. Early-stage investments, including pre-seed, fell 34% compared to the previous year, and seed funding dropped over 15% in the same period. However, late-stage funding saw a 7% increase compared to November 2022, indicating a potential shift in the market. Healthcare, financial services, and artificial intelligence companies raised the most venture capital, with Blockchain.com having the leading valuation.

The report also highlighted increased merger and acquisition activity, with Blackstone Group LP's acquisition of Rover Group Inc. leading at $2.3 billion. High-profile developments included the conviction of Sam Bankman-Fried, founder of FTX Trading Ltd., and the firing and rehiring of OpenAI LP's CEO Sam Altman. Despite these challenges, OpenAI's valuation remained at $29 billion with the potential to reach $80 billion.

Key takeaways:

  • A new report by Crunchbase Inc. shows a decline in early-stage investments and a rise in late-stage funding in the global venture capital marketplace in November.
  • Healthcare and financial services companies raised the largest amount of venture capital in November, accounting for more than $3 billion each.
  • The leading valuation on a company raising VC in November was Blockchain.com, which raised $110 million on a $7 billion valuation.
  • Merger and acquisition activity picked up last month, with Blackstone Group LP’s acquisition of pet care marketplace Rover Group Inc. leading the list at $2.3 billion.
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