For the past 16 months, funding to seed–stage startups was a rare bright spot in an otherwise grim venture capital landscape, which has seen a sharp pullback in investment. But now, that’s no longer the case, data and experts say.
There were 441 seed rounds recorded on Carta in the second quarter of this year, the slowest quarter for deal activity since early 2019. That’s down 41% from 745 deals in the same period a year earlier. And it wasn’t just the number of seed rounds declining, but total cash raised also fell to $1.6 billion last quarter compared to $2.9 billion in Q2 2022.
Read the full article: businessinsider.com