The pace at which venture capitalists are deploying funding across the globe slowed yet again in April.
Venture capital dollar volume, as tracked by Crunchbase News in a new report, peaked in November 2021. Since that apogee, the value of venture investments has ticked lower in most months before dropping another $5 billion from March to April.
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That the venture capital industry is pulling back should not be a surprise. TechCrunch covered falling startup valuations at most stages earlier this week, for example. Many companies that saw a pandemic boom are now enduring a return to Earth, further harming investor demand for previously hot categories, and some recent IPOs in tech sectors that have ample startup activity are suffering from sharp selloffs.
The data matters, however, not simply because it confirms our expectations of where venture activity is heading in 2022 – it also indicates that the change in the venture capital market will prove gradual to some degree, helping explain why Q …