According to S&P Global Market Intelligence, Global venture capital investment fell 62.9% year over year in September to $21.82 billion from $58.76 billion, according to S&P Global Market Intelligence data.
Private equity growth is expected to slow down over the next five years as inflation and macroeconomic conditions take their toll on investments, according to a recent report from Preqin Inc. This decline is predicted to affect alternative assets broadly, including venture capital, the report said.
Key highlights from the analysis include:
- The number of funding rounds with venture capital participation was also down 30.3% to 1,438 rounds from 2,063 rounds in September 2021. The amount raised via funding rounds slightly inched up from $21.31 billion collected in August.
- TMT industry remains top target: Businesses in the technology, media and telecommunications sector received 44.5% of total venture capital funding in September. Healthcare companies came in second with 14.7%, followed by consumer and industrials, with 11.9% and 10.1%, respectively.
- Broadband communications services provider Northwest Fiber LLC, which does business as Ziply Fiber, raised the biggest funding round in September, collecting $450 million in a venture capital round from investors including WaveDivision Capital LLC and Searchlight Capital Partners LP.
