State Of Venture

CB Insights

Research

273 Pages

CB Insights analyzes the sharp reversal in global venture capital activity following the 2021 peak, highlighting how funding, dealmaking, and exits reset across markets in 2022. The data points to a 35% funding decline and an abrupt slowdown in late-stage capital, raising questions about whether prior valuations were sustainable.

Key Takeaways

Global Funding Reset: Venture funding fell to $415.1B in 2022, down 35% YoY, with Q4 funding dropping 64% YoY to $65.9B, effectively reverting to pre-2020 levels.
Unicorn Creation Collapse: New unicorn births dropped 52% YoY to 258 in 2022, with just 19 created in Q4, marking an 86% decline from the prior year’s quarterly peak.
Mega Round Contraction: $100M+ rounds totaled $190.1B in 2022, down 49% YoY, while the number of such deals declined 42% to 923 globally.

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