Startup Funding Hits Five-Year Low, Web3 and Metaverse Lose Appeal Among Investors in 2023
Despite a decrease in startup funding and valuations, there is optimism for a year of stability and predictability among investors and entrepreneurs. However, even cybersecurity funding has been affected by the downturn, with only $8.2 billion invested in startups globally last year. Seed funding has remained strong, with U.S. seed investment increasing by 10% in 2022. The bar for raising a seed round is higher than ever, and Web3 and the metaverse are no longer as popular. Investors are now turning to AI-based startups, which raised nearly $50 billion in 2023, but early-stage AI investment may cool off due to legal implications. MA dealmaking for venture-backed startups has decreased globally, with buyers waiting for valuations to drop further.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Norwegian government proposes requiring disclosure of crypto asset ownership
BTC falls below $88,500
GOAT breaks through $1.1