A total of 5,084 venture capital (VC) funding deals with disclosed funding rounds were announced globally during the first half (H1) of 2024. Despite a decline in their volume, early-stage funding rounds continued to dominate the global VC funding landscape in H1 2024, accounting for a 77.8% share of the total number of VC deals, according to GlobalData, publishers of RBI.
An analysis of GlobalData’s Deals Database revealed that a total of 3,957 early-stage funding rounds were announced during the review period, which included 2,163 seed rounds and 1,794 series A funding rounds.
The volume of these early-stage funding rounds registered a year-on-year (YoY) decline of 22.1% from 5,078 deals in H1 2023 to 3,957 deals in H1 2024
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “With the total number of VC deals with disclosed funding rounds registering a YoY decline of 19.1% in H1 2024 compared to the announcement of 6,285 deals during the same period in the previous year, most of the funding rounds experienced a decline in volume in the first half of 2024. Meanwhile, early-stage funding rounds, despite having a relatively much lower average value of deals compared to growth, expansion, and late-stage funding rounds, also experienced a decline.”
Bose adds: “It is noteworthy that the average size of VC deals with early-stage funding rounds was $7.7m, whereas the average size of VC deals with growth, expansion, and late-stage funding rounds stood much higher at $49m.”
Growth, expansion, and late-stage funding rounds collectively accounted for a 22.2% share of the total number of VC deals with disclosed funding rounds announced globally during H1 2024. Meanwhile, the volume of these growth, expansion, and late-stage funding rounds registered a YoY decline of 6.6% from 1,207 deals in H1 2023 to 1,127 deals in H1 2024.
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By GlobalData
