State of CVC Q2’24 Report

State ofCVC Global | Q2 2024 Global data and analysis onCVC-backed dealsand funding toprivate market companies Makesmartertech decisions. Our platform will help youdiscover, understand, andmanageyour response to emerging tech. Make confidenttech decisions that drive growth, improve operations, andbeat the competition with CB Insights. ▮▮▮▮IIIITry our platform–free! “Steal” our data. Download the underlying data in this report. If you createany analysis or visualizations with this data, send it ourway and you could be featured in the CBI newsletter.@ us on social–LinkedIn X (Twitter)Instagram ContentsState of CVC Singapore94Japan98Europe102United Kingdom107Germany111France115LatAm119 Global Trends6Investment Trends7 Sector Spotlights29 Fintech30Retail Tech38Digital Health46 Geographic Trends 54 US55Silicon Valley60New York64Los Angeles68Boston72Canada76Asia81China86India90 TLDRState ofCVC Your rundown onCVCin Q2’24 $0.2B $15.6B 58% -57% 27% CVC-backedfunding in Q1’24. CVC-backedfunding in China. Decline in CVC-backed funding todigital health. US commandsmajority of late-stage deals. Increase in averagedeal size vs. 2023. Global CVC-backedfunding climbed to $15.6Bin Q2’24. Over half ($8.4B)of this funding came from$100M+ mega-rounds. CVC-backed funding inChina slipped to $0.2B, a60% QoQ decrease. Dealvolume also fell 24% QoQto 59, its lowest level since2015. Average CVC-backed dealsize YTDis $26.6M, up27% from $20.9M in 2023. Digital health CVC-backedfunding fell 57% QoQ to0.6B, the lowest levelsince Q4'17. Retail techand fintech also sawdecreases, falling 52% and8% QoQ, respectively. The US took home 58% oflate-stage deals fromCVCs in Q2’24, more thanall other regions. The increase is due in partto billion-dollar deals tostartups like Scale ($1BSeries F, backed by theCVC arms of Intel, AMD,Cisco, and ServiceNow)and Wiz ($1B Series E,backed by SalesforceVentures). Meanwhile, global dealdeclined by 12% QoQ to782. This drop wasparticularly pronounced inAsia, which saw a 24%drop in deals QoQ. The US has seencontinued(albeit slowing) economicgrowth, alongside lowunemployment, easinginflation, and federalinvestments intechnologies likesemiconductors andclimate tech. China’s tech market hasfaced significantchallenges, including risingmacroeconomic concerns,escalating geopoliticaltensions, and a strictregulatory environment. Companies not explicitlyfocused on AI facechallenges raising funds inthe weakened venturemarket. See the data→ See the data→ See the data→ See the data→ See the data→ Global Trends Investment Trends State of CVC|Global Trends|Investment Trends Annual equity funding & deals State of CVC|Global Trends|Investment Trends Quarterly equity funding & deals State of CVC|Global Trends|Investment Trends State of CVC|Global Trends|Investment Trends Percent of quarterly deals by global region State of CVC|Global Trends|Investment Trends Annual average & median deal size State of CVC|Global Trends|Investment Trends Annual median deal size by global region State of CVC|Global Trends|Investment Trends Quarterly funding & deals from mega-rounds (deals worth $100m+) State of CVC|Global Trends|Investment Trends State of CVC|Global Trends|Investment Trends Quarterly mega-round deals by global region State of CVC|Global Trends|Investment Trends Quarterly mega-rounds as percent of funding State of CVC|Global Trends|Investment Trends Global: Top equity deals in Q2’24 State of CVC|Global Trends|Investment Trends Annual percent of deals by deal stage State of CVC|Global Trends|Investment Trends Regional deal share by deal stage in Q2’24 State of CVC|Global Trends|Investment Trends Annual median funding by deal stage State of CVC|Global Trends|Investment Trends Global: Top seed/angel deals in Q2’24 Global: Top Series A deals in Q2’24 Global: Top Series B deals in Q2’24 Global: Top Series C deals in Q2’24 Global: Top Series D deals in Q2’24 Global: Top Series E+ deals in Q2’24 State of CVC|Global Trends|Investment Trends Global: Top CVCs by company count in Q2’24 Sector Spotlights Fintech State of CVC|Sector Spotlights|Fintech Quarterly equity funding & deals State of CVC|Sector Spotlights|Fintech Quarterly deals by global region State of CVC|Sector Spotlights|Fintech Annual average & median deal size State of CVC|Sector Spotlights|Fintech Annual percent of deals by deal stage State of CVC|Sector Spotlights|Fintech Retail Tech State of CVC|Sector Spotlights|Retail Tech Quarterly equity funding & deals State of CVC|Sector Spotlights|Retail Tech Quarterly deals by global region State of CVC|Sector Spotlights|Retail Tech Annual average & median deal size State of CVC|Sector Spotlights|Retail Tech Annual percent of deals by deal stage State of CVC|Sector Spotlights|Retail Tech Digital Health State of CVC|Sector Spotlights|Digital Health Quarterly equity funding & deals State of CVC|Sector Spotlights|Digital Health Funding