lowest

Fintech, Venture

“Fintech financing experiences significant decline, reaching record lows comparable to 2017”

When it comes to funding, the fintech sector didn’t have a very good start to the year. Fintech funding slid by 16% quarter-over-quarter during the three-month period, according to CB Insights’ Q1 2024 State of Venture Report. But even more troubling than the double-digit dip was the fact that the $7.3 billion raised globally by fintech startups in the three-month period marked the lowest level the sector has seen since early 2017, according to the report. During the three-month period, 904 investments were made into fintech startups. Dollars raised and deal count is also down compared to the fourth quarter of 2023, when 786 fintech startups raised $8.7 billion.

Dylan Williams
April 4, 2024

Venture

Expensive Seed Deals Were Rare in the Underwhelming 2023 Venture Capital Market

Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. New data from business database PitchBook paints a modestly dim picture of venture capital investment activity in the fourth quarter of 2023. Per PitchBook’s preliminary count, startups in the U.S. raised 2,879 rounds worth about $37.5 billion in the fourth quarter — the lowest quarterly deal value since Q3 2019, and the lowest deal count since Q4 2017. Across stages, venture capital investment activity in the United States is flagging, and this extends past aggregate figures — for example, we saw less total capital invested in U.S. startups last year than in 2020.