So CB Insights just dropped their State of Venture Q2’22 Report today.
It’s 329 pages (you read that right) of charts + analysis. Get it here.
So what happened?
For the second straight quarter, venture funding fell more than 20%.
Deals dropped 15% from Q1, marking the biggest quarterly percentage decrease in a decade.
Investors pulled back on the biggest deals (average global deal size has dropped by $5M in 2022 so far) as the fallout in the public markets hits startup land.
New unicorn births have fallen off 43% from last year’s peak.
But globally, startups are still raking in the cash: Q2’s $108.5B in venture funding is higher than any quarterly total before 2021.
So where are the bright spots?
On the up: Funding to startups in Africa is on track to hit a new annual record.
Smooth(er) sailing: Europe was resilient. Startups on the continent only saw a 13% dip in funding QoQ vs. major regions like the US and Asia, which saw a 25% drop each.
In the wings: Median deal size was up by $1M from 2021 for angel investors, the only investor group to see positive change in 2022 so far.
See more in the full report — including the quarter’s top investors, valuation data, and deal/funding breakdowns across every major US metro and startup market globally.
Thanks for sharing. Todays economic climate is difficult yet not unusual. This is an example of why startups should first focus being self sustainable versus fundraising for accelerated growth. If you do, the chances of riding out turbulent financial times are higher.