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: Our newly released Q1 2024 PitchBook-NVCA Venture Monitor report, created in partnership with  J.P. Morgan, Dentons, and Deloitte with data and analysis on quarterly U.S. VC dealmaking, exit, and fundraising activity. 

Due to a lack of large deals and low capital availability, 2024 is seeing the most investor-friendly venture market in over a decade. While companies return to the market to raise, Q1’s liquidity crunch resulted in only $9.3B venture capital raised across 100 US VC funds.

Key takeaways

  • 2024 started on a lackluster note for venture dealmaking. Deal value for Q1 2024 surfaced a 29.0% decline from the same quarter a year ago.
  • In Q1, just $9.8 billion in new fund commitments were closed—or only 5% of 2022’s annual high.
  • Exit value remains low, but recent listings show signs optimism for IPO window to warm up.
  • The imbalance of capital demand and supply is being most acutely felt in venture-growth stage investments.

What’s next: Sign up to join the Venture Monitor team on May 1 for a webinar discussing the ongoing hurdles driving startups and their investors to approach the new year with great caution. And don’t forget to download the report and data pack to dive into the details.

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.