
The American company The capital market has apparently found a new normal: trends in the number of deals and the amount of dollars invested in startups so far this year appear to be leveling off.
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For each quarter in 2023, the U.S. market saw just over 4,000 deals closed, and the total value of funding rounds was around $40 billion to $45 billion, according to data from PitchBook and NVCA.
While those numbers pale in comparison to the records set in 2021 and 2022, we are at least seeing signs of settling into a new routine this year.
But what does this routine look like? This morning, we’ll be mapping out what appear to be the top trends in the venture capital market for startups in the United States (if you’re located elsewhere in the world, don’t worry. We have notes coming soon on other regions.)
A slower pace of change
First, the critical array: