Dealroom – Global Tech Update, Q3 2024

In Q3 2024, startups globally raised $72B in venture capital, marking the lowest quarterly total in over four years. Despite this, total venture capital investment in 2024 is tracking inline with 2023. The number of venture rounds of $2M+ in 2024 is higher than any time prior to 2021, showing increased activity in the venture industry. Multi-billion dollar rounds for companies like OpenAI, xAI, Waymo, and Vantage Data Centres have kept the overall VC totals in line with the previous year, although the number of rounds is lower. Overall, the VC landscape in 2024 shows strong investment levels and high activity levels compared to previous years.