Global venture funding slowed in November to $19.2 billion, a 16% drop from the $23 billion raised for the same time period in 2022, according to data from Crunchbase. Funding in November 2022 was already slow, down 67% from 2021. The $19.2 billion raised in November also represents a near 7% drop from the $20.6 billion collected in October.
The biggest drop in VC funding occurred in early-stage funding, which declined 34% year-over-year to $7.6 billion, while seed funding fell by more than 15% to $2.5 billion. In contrast, late-stage funding grew by around 7% to $9.2 billion, the report said.
