KPMG – Venture Pulse, Q3 2024

The Q3 2024 Venture Pulse report from KPMG highlights trends and challenges in global venture capital. Amid a quieter VC environment, the report notes that global venture capital funding decreased to a seven-year low of $70.1 billion this quarter, driven by economic uncertainties and fewer exits. Despite this, AI-focused investments continued to secure substantial funding, with notable deals across the US, Europe, and Asia, including Germany-based Helsing and US-based Anduril Industries in defense-tech. Defense and AI-driven sectors showed resilience, while traditional sectors saw reduced activity. Additionally, early-stage unicorns, particularly in AI, grew, indicating strong investor confidence in emerging technologies despite cautious investments elsewhere.