In the second quarter of the year, the total amount raised increased to $20.9 billion, a slight uptick compared to the last three quarters, indicating a continuous improvement.
The percentage of down rounds decreased from 24% to 17% from one quarter to the next—an encouraging sign considering that down rounds had been steadily increasing since mid-2022.
The percentage of bridge financing also fell across all stages except for seed funding, which indicates that more capital is being invested in new companies compared to startups already backed by VCs.
However, the time between funding rounds remains significantly high compared to the last four years.
