PitchBook's first-quarter report shows that venture activity got off to a slow start this year as investors remain cautious on early stage tech.
Venture deal volume in the U.S. slumped to its lowest level since 2017 in the first quarter, according to data published this week by PitchBook.
"Sticky inflation has pushed hope of interest rate cuts to the back half of the year, and recession remains a possibility," PitchBook analysts wrote.Even with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold.published this week by PitchBook.
"Sticky inflation has pushed hope of interest rate cuts to the back half of the year, and recession remains a possibility," PitchBook analysts wrote in an email accompanying the firm's data. "We don't expect deal activity to pick up in a meaningful way in the near term."
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Venture Deal Volume Hits Lowest Level Since 2017Venture deal volume in the U.S. slumped to its lowest level since 2017 in the first quarter, according data published this week by PitchBook. The story was similar across the globe, with worldwide volume reaching its lowest since 2016 and total deal value falling to a level not seen since 2019. "Sticky inflation has pushed hope of interest rate cuts to the back half of the year, and recession remains a possibility," PitchBook analysts wrote. Even with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold.
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