The US-based startup ecosystem witnessed announcements of a total of 4,463 venture capital (VC) deals during the period from Jan to Nov 2024 with a disclosed funding value of $125 billion, marking a considerable YoY improvement in total funding value despite a “decline in the number of VC deals volume,” according to GlobalData, a data and analytics company.
An analysis of GlobalData’s Deals Database also revealed that the US witnessed a “29.9% decline in VC deal volume” during Jan-Nov 2024 compared to the announcement of “6,365 deals during Jan-Nov 2023.”
Despite this reduction in deal volume, the total disclosed funding value of these deals was up by “18.4% compared to $105.6 billion worth of funding raised during the same period in the previous year.”
Aurojyoti Bose, Lead Analyst at GlobalData, comments:
“The growth in total funding value could be attributed to the increase in the number of big-ticket deals. The number of VC deals valued more than or equal to $100 million announced in the US increased from 187 during January-November 2023 to 265 during January-November 2024.”
Some of the notable venture capital funding deals announced in the US during January-November 2024 include the following: $6.6 billion worth funding raised by OpenAI, $6 billion funding raised by X.AI, $5.6 billion funding secured by Waymo, $1.5 billion funding received by Anduril Industries, and $1.1 billion worth funding raised by CoreWeave, among others.
Bose adds:
“The US continues to dominate the global VC funding landscape both in terms of deal volume and value.”
As mentioned in the update, the United States accounted for a “29.3% share of the total number of VC deals announced globally during Jan-Nov 2024, while its share in terms of total funding value stood at 52.5%.”
As clarified in the update, historic data may change in case some deals get added to previous months because of “a delay in disclosure of information in the public domain.”
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