Venture funding has been declining since the first quarter of 2022. But that trend has largely spared the seed stage until now. Or has it?
Q2 apparently was quite rough for seed deals, according to new data from PitchBook. Startups in the U.S. closed 766 seed deals in Q2, which was 26% less than the 1,044 deals they had in Q1.
And that dip means the second quarter had the lowest number of seed deals we’ve seen since Q3 2016. If things don’t change, 2023 could be the slowest year for seed activity since 2017.
But despite these numbers, many seed managers told TechCrunch+ that they are still seeing strong deal flow. They also have a few ide …
