Seed Deals Hold Up Despite Contraction in VC Market

Seed deals in the venture capital market are holding up well despite a general contraction in the industry. The main reason for this is rapid growth, with median valuations in the US reaching $12 million this year, higher than the record of $11.1 million in 2021. The most active startup investors have seen an increase in activity in Q3, but overall venture funding remained flat compared to the previous quarter. Global venture funding settled around $22 billion in August 2023, up around 19% month over month but down 16% from the $26.2 billion invested in July 2022. The late-stage venture market is experiencing sharp valuation declines across nearly every startup stage globally.