PitchBook-NVCA Venture Monitor

The PitchBook-NVCA Venture Monitor, produced by NVCA and PitchBook, is the authoritative quarterly report on venture capital activity in the entrepreneurial ecosystem.

What’s new: The Q3 2023 PitchBook-NVCA Venture Monitor, sponsored by Insperity, J.P. Morgan, Dentons, and Deloitte captures how investors and founders are reshuffling their priorities to buy time and identify high-impact innovations as the market tightens further:

  • The combined liquidity crunch and shuttered IPO window have left startups across all VC stages with fewer options for receiving capital.
  • Dry powder figures appear strong, but without a consensus on whether the market has hit bottom, investors are more cautious than ever about deploying capital.
  • Portfolio markdowns, the denominator effect, and rising interest rates have diminished LP interest in the VC asset class.

Learn more about real-time fundraising, investments, exits, and other relevant industry analyses by:

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