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Global VC activity declines in Q3 | NVCA 1st look
- Global venture capital activity declined in Q3, according to the Q3 2024 Pitchbook/NVCA Venture Monitor First Look.
- Q3 was weak and 2024 overall doesn’t compare well in numbers of deals, average deal size, VC fundraising, exits, and dollar amounts raised.
- Deal value during Q3 was lowest of the year due to few outsized rounds being raised.
- Just 10 companies went through a public listing in the US, and $11.2 billion in total exit value was created during the quarter.
- With one quarter left, 2024 is pacing for the second slow year.
- Pitchbook’s VC analyst Nalin Patel said that in Europe in Q3 2024, VC deal activity was slightly down from the second quarter.
- Exit value through Q3 2024 has surpassed the annual figure from 2023, providing optimism within markets.
- Asia’s fundraising has remained subdued, with just $53.1 billion committed to the strategy within the Asia markets in during the first three quarters of the year.
- In Latin America, dealmaking activity has been slow through Q3, just $1.0 billion was invested in the market during Q3.
- Because of higher risk, LPs have looked to diversify into other markets or strategies.
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