Business News
Home > Business News
Global VC investment falls for 3rd straight quarter: Report
TIWN
TIWN
PHOTO : TIWN
New Delhi, Oct 21 (TIWN) Global VC investment fell for the third straight quarter, from $136.8 billion in the second quarter of 2022 to $87 billion in the third quarter of 2022, a new report said on Thursday.
“Significant market volatility, ongoing geopolitical and economic turmoil, including fears of a recession, have led to a continued and significant cooling of global VC funding,” Jonathan Lavender, Global Head, KPMG Private Enterprise, KPMG International, said in a statement.
“Despite five deals closing with values over $1 billion, the VC environment has seen the overall number of deals drop to its lowest levels since 2017 and the value of those deals slump to mid-2020 levels; the peak of the pandemic and lockdowns,” Lavender added.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals