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The State of Venture: Q4 2022 Global Report

The global venture ecosystem experiences a sharp pullback in 2022, with funding dropping by 35% from 2021.

Global venture funding reached $415.1B in 2022, marking a 35% drop from a record 2021. The funding slowdown was especially severe in the second half of the year, with Q4’22 funding clocking in at $65.9B — down 64% YoY to return to pre-Covid levels.

Download the full State of Venture report for other 2022 highlights across the venture ecosystem including:

  1. US venture funding hit $198.4B in 2022 — down 37% from 2021, but up 31% when compared to 2020. Deals to US-based startups dropped 7% YoY to reach 12,141.
  2. Global IPO count dropped by 31% in 2022 to 716. M&A deals also took a hit, dropping by 8% to 10,037. SPAC deals saw the largest drop among exits types in 2022, falling by 44% from their peak in 2021 (140) to 78. ​
  3. Unicorn births steadily declined throughout 2022, sinking to a low of 19 new unicorns in Q4’22 — an 86% drop compared to Q4’21.