2023 fundraising trends

Even though news of potential interest rate cuts has led to optimism that the IPO window might reopen and things might improve in startup land, it appears the global venture capital market has yet to level out: Early data from PitchBook indicates global VC investment in startups continued to slide in the fourth quarter of 2023. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. While things are down sharply in…

The past couple of years have proved to be a turbulent time for the crypto industry. As if a spate of big crypto institutions failing or going under wasn’t enough, the industry saw many tourist investors running for the gates as the wider macroeconomic climate worsened. But a recent spike of interest in crypto, driven by rising Bitcoin and Ethereum prices, is rebuilding momentum, and many think that next year could be promising for crypto startups’ valuations. Fundraising was difficult for both startups and venture…

Thanksgiving is long behind us, so unless you’re already in due diligence with a VC, you may as well pack up your fundraising knapsack and chill out until the holidays are over. But this is an opportunity, too. The quiet weeks ahead are the perfect time to polish your pitch deck and perfect your pitch before kicking things back off in January. According to a new report on the early-stage fundraising trends of 2023 by DocSend, things are pretty bleak for young startups. At the seed stage,…