Saturday, May 21, 2022
  • Home
  • Event
  • Technology
  • Program
  • Education
No Result
View All Result
E-Capitals
No Result
View All Result
Home Technology

VC funding to Seattle-area startups cools in Q1 as part of larger U.S. slowdown

admin by admin
April 15, 2022
in Technology
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Tech CEO lost his backpack, laptop, passport and more — but found a calling in Twitter storytelling – GeekWire

Economic uncertainty starts to hit tech job market with reports of hiring slowdowns, rescinded offers – GeekWire

Inside a research lab exploring the future of human-machine collaboration – GeekWire

Brewery analytics startup wins top prize at Seattle Angel Conference competition – GeekWire

After a mind-boggling 2021 for venture capital investing, things are settling down a bit through the first quarter of 2022.

The latest Venture Monitor report from PitchBook and the National Venture Capital Association highlighted a “healthy recalibration period” for dealmaking in Q1. U.S. venture-backed companies raised nearly $71 billion during the quarter, down from a whopping $95.4 billion in Q4 of last year, while exit value dropped considerably to $33.6 billion.

Even with the slowdown, Q1 2022 deal value still exceeded pre-2021 quarterly totals.

Rising interest rates, inflation, and geopolitical uncertainty are contributing to the slowdown, the report noted. There’s also the trend of newly minted VC-backed companies seeing their market capitalizations drop in recent months, which can trickle down to venture capital.

RELATED: The great startup reset: Why founders should prepare for lower valuations

In a guest post for GeekWire published in January, Seattle tech vet and angel investor Charles Fitzgerald warned founders that a reset in capital flows and valuations will have huge implications for startups.

But there are a few differences between the current environment and the last tech-led downturn in 2000 and 2001. “Generally sounder business models with greater traction, and significantly more dry powder to support portfolio companies —roughly $230 billion of traditional VC on the sidelines in the U.S.,” Ginger Chambless, managing director at JPMorgan Chase Commercial Banking, said in the report. “Both should cushion any pullback.”

Seattle-area startups raised $1.5 billion across 112 deals in the first quarter. That’s down from $2.7 billion raised over 131 deals in Q4 of 2021, but up from $1.2 billion over 94 deals in the year-ago period.

There were a handful of megarounds for fast-growing companies, including a $248 million round for sales software startup Highspot, and a $140 million round for e-commerce software startup Fabric. There were also new unicorns birthed, including SeekOut and Temporal, which reached the $1 billion valuation milestone, joining a growing unicorn club in the Seattle region.

Here’s a look at the top 10 deals in Q1 for Seattle-area companies. See all recent deals at GeekWire’s fundings tracker.

Next Post

Seattle’s big business tax, 1 year later: Controversial policy generates unexpected surplus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Education

Resume Tips for Teachers Leaving the Profession

by admin
May 20, 2022
0

If you’re a teacher leaving the profession in search of a career that can give you more flexibility, creativity, and...

Read more

Resume Tips for Teachers Leaving the Profession

Tech CEO lost his backpack, laptop, passport and more — but found a calling in Twitter storytelling – GeekWire

Enchanting Titles for All Ages

Economic uncertainty starts to hit tech job market with reports of hiring slowdowns, rescinded offers – GeekWire

Help! A Parent Complained I Missed Too Many Days

Verevolf | CSS-Tricks – CSS-Tricks

Load More

Popular Posts

Best Winter Olympics Activities for Kids in the Classroom

by admin
January 19, 2022
0

What is Packet Sniffing Attack? – Types and How to Prevent It?

by admin
December 11, 2021
0

Zain Nadella, 1996-2022: Microsoft CEO’s son remembered for love of music, bright smile, profound impact on his dad

by admin
March 1, 2022
0

Copyright © 2021 - e-Capitals.com DESIGNED AND DEVELOPED BY TEAM WORDPRESS BLOGX

No Result
View All Result
  • Home
    • Home 1
    • Home 2
    • Home 3
  • Event
  • Technology
  • Program
  • Education

Copyright © 2021 - e-capitals.com - DESIGNED AND DEVELOPED BY TEAM WORDPRESS BLOGX