Summary: Q2 venture capital funding decreased in both deal value and volume, according to a new data analysis from S&P Global Market Intelligence.
Key highlights from the analysis include:
- Global VC deal value amounted to $65.41 billion from April to June, down 8.3% from $71.33 billion during the same period in 2023. The number of announced transactions during the quarter fell 14.3% to 3,774 from 4,403 in the year-ago period. In June, deal value declined 24.1% year over year to $20.94 billion.
- Tech leads sector investments: The technology, media and telecom sector remained the biggest recipient of venture capital in June, attracting almost half of the global total. Healthcare and industrials followed, receiving 17.1% and 16.3% of the total, respectively.
- Largest deals: For the biggest funding round in June, a consortium comprising KKR & Co. Inc. and Singapore Telecommunications announced an investment of S$1.75 billion in data center provider STT GDC. The second-biggest funding round involved a consortium led by Searchlight Capital Partners LP and Ares Management Corp. funds, which agreed to invest £500 million of preferred equity in sustainable solutions provider RSK Group.
Please find the full analysis here by S&P Global Market Intelligence