The volume of transactions in the global venture market in the second quarter increased by 8% compared to the first quarter, reaching $65.7 billion, according to data from CB Insights cited by Kommersant.
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The volume of deals with startups worldwide increased by 8%, but the number of deals fell by 7.5%
At the same time, the number of transactions decreased by 7.5% to 6.23 thousand. The decline was observed for the ninth consecutive quarter due to investor caution. The average transaction size was $14.4 million (an increase of 17% over the year).
Previously, analysts predicted that the venture market would recover to 2020 levels in 2024 (the peak occurred in 2021). However, the risk of investing in startups in 2023 has increased due to geopolitical issues, rising interest rates and persistently high inflation.
The second quarter of 2024 saw a record market share attributable to deals with startups in the field of developing AI-based solutions: 28%, or $18.3 billion.
On a quarterly basis, the market grew by 32%, with the main contribution coming from deals with Elon Musk’s xAI (the company raised $6 billion, or almost 10% of all funding) and CoreWeave, which deals with cloud computing in the field of AI ($1.1 billion).
Earlier, RB.RU published the results of venture capital for the second quarter of 2024. In total, from April to June, investors made 32 transactions for a total amount of $19.8 million. In February, a large transaction of the True Gamers gaming club chain worth $45 million significantly influenced the total investment volume.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
