Seed Deals Remain High, Late-Stage Investment Increases, and Global Funding Flat

Despite a general contraction in the venture capital market, seed deals in the US have been priced at or near all-time highs, with median valuations reaching $12 million this year. Late-stage investment increased by 8% from Q2, while early-stage investment decreased by 16% and seed investment decreased by 14%. 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. Late-stage dealmaking is experiencing sharp valuation declines across nearly every startup stage globally.