Venture capital has not been immune to the market adjustments currently underway following the financial exuberance of 2021, the return of inflation, and, more recently, the invasion of Ukraine. According to CBI Insights, a business intelligence firm focused on the technology sector, global funding for startups totaled US$143.9 billion in the first quarter of 2022, down 19% from the same period last year. This is one of the key findings from CBI Insights’ analysis of the first three months of the year. Other highlights include:

1. 49% of the funding went to startups in the U.S.
2. 113 companies joined the ranks of unicorns
3. The valuation of companies that raised capital during this period was 2.6 times that of previous rounds
4. -45% was the change in public market offerings via SPACs or IPOs
5. Tiger Global Management remains the most active investor, with investments in 120 companies
6. Asia accounted for the largest number of IPOs, with 91
7. Mega funding rounds fell by 30%
8. 20% of the funding went to fintech companies
9. Philadelphia, Atlanta, and Dallas were the only tech hubs in the U.S. that did not see a decline in cumulative funding amounts in the first quarter

You can view the summary HERE