šĀ ā¢Ā 2m
May slowed down. Deal value dropped to $22.5B, down from $25.8B in April. Thatās also around 34% lower than May last year. But YTD still ahead - $161.5B raised so far compared to $129.5B by this time in 2024. So thereās movement.. just more cautious. 1) What stood out: ā¢TMT(tech/media/telecom) continues to lead - $7.4B raised across 373 deals ā¢Application software was the busiest subsector with 193 rounds 2) Mega-rounds havenāt stopped: ā¢Acrisure - $2.1B (Bain Capital) ā¢HUB International - $1.6B ā¢Grammarly - $1B from General Catalyst 3) Accel and Khosla were two of the most active firms - each jumped into 12 deals in May 4) Some serious capital still chasing AI and infrastructure bets But overall: ā¢LPs and GPs are pacing their moves ā¢AIās still hot, but most of the cash is flowing into the top 1% ā¢Corporate VCs are still active - driving nearly half the global deal value so far this year Feels like AIās soaking up all the attention while the rest of the market stays quiet.
Honorary Mentions - ...Ā ā¢Ā 1y
May 2024: A Landmark Month for Indian Startup Funding! In May 2024, the Indian startup ecosystem witnessed a significant surge in funding, raising $1.3 billion, the highest monthly total this year. This growth was driven by several large deals, incl
See MoreWhere Businesses Con...Ā ā¢Ā 4m
Between April 7 and 12, Indian startups collectively secured $195.1 million across 20 funding deals, reflecting a 35% increase from the $144.4 million raised by 22 startups the previous week. While fintech emerged as the top-funded sector, it was ec
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