CB Insights – State of Venture, Q2 2024

Global venture funding increased by 8% in Q2 2024 to reach $65.7B, marking the second consecutive quarter of growth. However, the number of deals continued to decline for the ninth quarter in a row, reaching 6,230 deals. AI startups received a record-high 28% of all VC funding in Q2, totaling $18.3B. The average deal size in 2024 increased by 17% compared to 2023, reaching $14.4M. The US accounted for 39% of global exits in Q2, tying with Europe. Funding to startups in Asia experienced a significant 13% decline in Q2, dropping below $10B for the first time in a decade, primarily driven by a significant decrease in funding in China. However, countries like India, Singapore, and Japan saw increases in funding during the same period.