State of Venture Q2’24 Report
State ofVenture Global | Q2 2024 Global data and analysis on dealmaking, funding,and exits by private market venture 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!Sign up for a free trial “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 Venture Seattle100Denver104DC108Chicago112Dallas116Austin120Miami124Atlanta128Philadelphia132Raleigh136Canada140Toronto146Vancouver150Asia154China160India164Singapore168Japan172 Europe176United Kingdom182Germany186France190Israel194Netherlands198Sweden202LatAm206Mexico212Brazil216Chile220Africa224Egypt230Kenya234Oceania238 Investment Trends7Unicorns30Exit Trends36Investors42 Sector Spotlights46 Fintech47Retail Tech57Digital Health67 Geographic Trends77 US78Silicon Valley84New York88Los Angeles92Boston96 TLDRState of Venture Your rundown onventurein Q2’24 $14.4M $65.7B 39% 28% -13% Of all VC dollars goto AI startups. Anew high. QoQdecline infunding to startupsin Asia. The US’ share ofglobal exits. Tiedwith Europe. Average deal sizethis year. Up 17%. In global venturefunding. Up for 2ndstraight quarter. At $14.4M, the averagedeal size in 2024 so farhas grown 17% vs. the2023 average. In Q2’24, AI startupscaptured nearly one-thirdof all VC funding—thehighest quarterly share onrecord. The US saw 39% of globalexits (including M&A andIPOs) in Q2’24, up 4percentage points QoQ andon par with Europe’s share. At $9.7B, quarterly fundingin Asia slipped below $10Bfor the first time in adecade. The drop wasmost pronounced in China,where dollars fell by morethan half QoQ. Global venture fundingclimbed 8% quarter-over-quarter (QoQ) to $65.7B. Even in a more cautiousinvesting environment, thedeals that do happen haveballooned in size asinvestors put more behindselect startups. Despite the fundingmomentum, deals slid forthe ninth quarter in a rowto 6,230. Global dealvolume is now less thanhalf what it was at its peakin Q1’22. AI startups drew $18.3B inQ2’24—up 32% QoQ—driven by mammoth $1B+deals to Elon Musk’s xAIas well as Scale,CoreWeave, and others. Top US-based exits inQ2’24 included IPOs fromTempus and Rubrik—bothvalued at over $5B—aswell as Hyundai’sacquisition of Motional,priced at $4.1B. Meanwhile, India,Singapore, and Japan allsaw boosts in funding. See the data→ See the data→ See the data→ See the data→ See the data→ Global Trends Investment Trends State of Venture|Global Trends|Investment Trends Annual equity funding & deals State of Venture|Global Trends|Investment Trends Quarterly equity funding & deals State of Venture|Global Trends|Investment Trends Funding & deals by global region in Q2’24 State of Venture|Global Trends|Investment Trends Percent of quarterly deals by global region State of Venture|Global Trends|Investment Trends Percent of quarterly deals by investor group State of Venture|Global Trends|Investment Trends Annual average & median deal size State of Venture|Global Trends|Investment Trends Annual median deal size by global region State of Venture|Global Trends|Investment Trends Annual median deal size by investor group State of Venture|Global Trends|Investment Trends Quarterly funding & deals from mega-rounds (deals worth $100m+) State of Venture|Global Trends|Investment Trends State of Venture|Global Trends|Investment Trends Quarterly mega-round deals by global region State of Venture|Global Trends|Investment Trends Quarterly mega-rounds as percent of funding State of Venture|Global Trends|Investment Trends Global: Top equity deals in Q2’24 State of Venture|Global Trends|Investment Trends Annual percent of deals by deal stage State of Venture|Global Trends|Investment Trends Regional deal share by deal stage in Q2’24 State of Venture|Global Trends|Investment Trends Annual median funding by deal stage 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 Unicorns State of Venture|Global Trends|Unicorns Quarterly new & total unicorns (private companies valued at $1b+) State of Venture|Global Trends|Unicorns State of Venture|Global Trends|Unicorns Quarterly new unicorns by global region Global: Top unicorn births in Q2’24 Exit Trends Quarterly exits State of Venture|Global Trends|Exit Trends Percent of quarterly exits by global region Global: Top M&A exits in Q2’24 Global: Top IPOs in Q2’24 State of Venture|Global Trends|Exit Trends Global: Top SPACs in Q2’24 Investors State of Venture|Global Trend