NVCA Yearbook

The NVCA Yearbook serves as an important industry resource documenting trends and analysis of venture capital activity from the past year.

What’s in the NVCA Yearbook? It captures data about venture’s role in fueling entrepreneurship in America, including:

  • Statistics on the size and impact of the U.S. venture industry
  • Data on investments into startups, capital raised and managed by venture capital firms
  • Exit activity analytics either through an initial public offering (IPO) or merger and acquisition (M&A)

What’s new: The 2024 NVCA Yearbook, the 27th edition of the publication, highlights several industry milestones reached in 2023, including:

  • By the end of 2023, the U.S. VC ecosystem had 3,417 VC firms, which closed a cumulative 13,608 VC deals worth $170.6 billion.
  • These firms raised $66.9 billion across 474 funds and ended the year with a record $311.6 billion in dry powder and a total of $1.21 trillion under management.
  • Median fund size was $35.4 and the largest fund raised in 2023 was $4 billion.
  • Investors remained relatively cautious, with first-time financings ($7.8 billion) at their lowest value since 2017 and insider-led rounds at their highest levels in a decade.

Dive deeper into the venture industry’s milestones by:

Special thanks to NVCA’s official data provider, PitchBook.