The first look at the dealmaking environment for venture capital in the second quarter of 2024 revealed continued struggle, according to Pitchbook and the National Venture Capital Association.
The lead VC analyst Kyle Sanford and lead EMEA private capital analyst Nalin Patel offered their “first look” observations about the Venture Monitor report for Q2 2024.
They noted that on the global level, inflation, interest rates, and macro uncertainty have pulled down VC dealmaking.
“Though deal value has seen an uptick due to several large, outsized deals, the dealmaking environment overall is struggling along,” Sanford and Patel said. “The high number of VC-backed companies globally are under pressure from the lower available capital, and many companies are being forced back into the market to raise further private funds because exits cannot be achieved.”
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