Dealroom：2023年風(fēng)險(xiǎn)投資報(bào)告 Venture Wrapped 2023 Global tech in 13 charts

VentureWrapped2023

Globaltechin13charts

31December2023

2023:thegreatreset

inventurecapital.

Startupsraised$319Bininvestment

in2023,areturntopre-pandemic

investmentlevels.

2023wastheyearventurecapital

investmentreset.Following18

monthsofmaniain2021/22.

2023sawthelowesttotalforglobal

venturecapitalinvestedsince2017.

Seeeveryround?

Page/2Source:Dealroom.co

Thestartuppipeline

keepsbeingfed.

Excludingmegaroundsofover

$100m,however,investmentinto

startupsatearlyandmid-stage

closedabove2020levelsin2023.

Thefundingcrunchismostacuteat

late-stage.Theearly-stagefunnel

continuestobefilled.

~35kPre/Seedroundswere

completedin2023.Andover6k

SeriesAs.

Customizedata?

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Source:Dealroom.co

Down85%from2021

Alloflatestageisdown69%from2021

Crossoverfundshit

thebreaks.

TheflightofCrossoverfundsfrom

theventureplayingfieldisthe

biggestdriverofthelate-stage

fundingcrunch.

BetweenthemTigerGlobal,

TemasekCoatueandSoftbank

participatedin$148BworthofVC

dealsin2021.In2023allcrossover

fundswerepartofjust$34BofVC

rounds.

Corporatecapitalhasbeenmuch

moresteadfast.

Crossoverrounds?

Page/4

Source:Dealroom.co

Andyet,investmentfromnon-venturecapitalsourcesisatanalltimehigh.

MajorCorporateGiantandSovereignWealthFundinvestorsin2023

Corporates

Gogle

4Microsoft

Participatedindealsinto

Anthropic

,

Hugging

Face

and

FreshtoHome

.

Leda$10BVCroundinto

OpenAI

inJan2023

Participatedindealsinto

Anthropic

,

Hugging

Face

and

SandboxAQ

SovereignWealthFunds

ADIA

Participatedindealsinto

Lenskart

,

Forward

and

Outrider

Participatedindealsinto

Builder

,

Ascend

Elements

and

Ensoma

Participatedindealsinto

DevotedHealth

,

Euler

Motors

and

Databricks

VCinvestmentbyinvestortypes

Page/5Source:Dealroom.co

Theunicorns

classof2023.

Swimmingagainstthetide,87

startupsachieveda$1Bexitor

privateunicornvaluationfor

thefirsttimein2023.

It?sthelowestnewunicorntotal

since2014,anddown89%from

2021?shighwatermarkof782.

Butthesearetheonesthatbeat

theodds.

Viewunicorns?

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Hopinheimer:

the2023startup

fallout.

2023alsosawanumberofhighprofilestartupsentervaryinggradesofdistress.

Cryptoexchange

platform

Bahamas

From$32valuationto

ceasingoperationsin

November2022

Workspaces

UnitedStates

EventTech

UnitedStates

wework

Oncevaluedat$47B,filed

forChapter11bankruptcy

in2023

hopin

From$12.5Bto$250Min18months

Mobility

UnitedStates

Oncevaluedat$2.3B.Filed

forbankruptcyDec2023

Afterraisinghugesumsin2021,with

late-stagecapitaldriedupandpublic

marketsclosed,brandnamecompaniesapproachedtheendoftheirrunwayorsawtheirmarketdisappearin2023.

OnlineLuxury

FashionRetailer

Bahamas

FARFETCH

$5.8BIPO2018to$500M

acquisitionby

Coupang

BatteryTech

UnitedKingdom

BRITISHVOLT

Unicornvaluation,to￡8.6M

acquisitionby

Recharge

Industries

Agritech

Germany

Microprocessors

UnitedKingdom

Unicornat2021SeriesD.

Declaredbankruptcyfor

Europeanoperations

From$2.8BvaluationtoSequoiawrite-o?in2023.

Mealkits

UnitedStates

Exploreexitsdata?

From$3BIPOto$100M

acquisitionby

Wonder

Distribution

Insurtech

UnitedStates

Beter

Oncevalued$7.7B,

nowbackto$100M

afterSPACdeal

E-bikes

Netherlands

Distressedsale

to

LAVOLIE

(owned

byMcLaren)

Telemedicine

UnitedKingdom

9babylon

From$4.2billionvaluation

to$620K

assetsale

Page/7Source:Dealroom.co|DataasofDec2023

$90b

Thedawnof

theageofAI.

2023wasanepochalmomentfor

advancesanddeploymentsin

ArtificialIntelligence.

Inatimewhennotmuchintechwas

growing,investmentintoandvalue

ofGenAImodelmakersincreasedby

morethan5xyearonyearin2023.

Beyondthetechbubble,AIhitthe

mainstream.FromSenatehearings

toBletchleySummits,AIeven

enteredthedictionary.Collins

named“AI”thewordofyearfor

2023,whileCambridgeDictionary

chose“hallucinate”.

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Source:Dealroom.co

Global

Atoms>bits.

Physicaltechisin.

Investmentintomanufacturing

startupslaggedEcommerce

investmentfiveyearsago.Nowit?s

morethan3xEcommerce.

Entrepreneurialinnovatione?ortis

increasinglybeingdirectedat

tacklingtheworldbiggestproblems,

whichrequirehardwaresolutions:

novelenergy,computing,biotech,

spacetech.

Techiscomingofage.

Page/9Source:Dealroom.co

Europefellby

37%

Asianinvestment

fellby36%

LATAMVCinvestment

fellby60%

VCinvestmentfellgloballyin2023,butsomeMENAandSub-Saharanstartupecosystemsbuckedthetrend.

VCinvestmentyearonyearchange(2022-2023)

▊RapidGrowth(100%+)▊Growth(0-100%)▊Decline(0-40%)▊LargeDecline(-40%-80%)▊RapidDecline(-80%)▊LowVCdata

NorthAmericanVC

investmentfellby40%

MENAfellbya

modest26%

Page/10Source:Dealroom.co

Global

China:thesleeping

dragonawakens.

Theshareofglobalventurecapital

beingraisedbyChinesestartupsis

wellandtrulyontheriseagain,with

ahugeproportiongoingto

manufacturingstartups-EVs,

batteries,chips,solarandrobotics.

Europe?sshareofglobalVCisatan

alltimehigh.

Ingeneralventurecapitalis

increasinglydistributed.TheUS?s

shareofVCisnowunder50%,down

fromtwothirdsadecadeago.

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Source:Dealroom.co

China

Physicaltech

investmenthas

doubledin

Chinainthe

pastthree

years.

ChineseVCrounds?

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Source:Dealroom.co

Global

In2023,

GenerativeAI,

Electric

MobilityandEV

batterytech

werethe

leading

segments.

Customizedata?

Page/13

Source:Dealroom.co

|DataasofQ32023

Global

Selected

fundingrounds

from2023from

leading

segments.

GenAI

UnitedStates

LateVC

$10B

GenAI

UnitedStates

Inflection

GrowthEquityVC

￡1.3B

PaymentProcessing

UnitedStates

stripe

GrowthEquityVC

$6.5B

GenAI

UnitedStates

ANTHROP\C

SeriesD

$1.3B

Industrialtech

Sweden

H2greenstee

GrowthEquityVC

$1.5B

Batterytech

Sweden

Convertible

$1.2B

Customizedata?

Autonomoustrucking

UnitedStates

SeriesA

$1B

Electricvehicles

China

LateVC

$962M

Batterytech

UnitedKingdom

GrowthEquityVC

￡870M

Page/14Source:Dealroom.co

Global

Carbon

tracking,GenAI

andHydrogen

areamongstthe

fastest-growing

segments.

Customizedata?

Fastestgrowingsegmentsintech(2023vs.2019)

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Source:Dealroom.co

Alleyeswere

onthefew

testsoftheIPO

windowi