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 Q4 2023 PitchBook-NVCA Venture Monitor report, created in partnership with J.P. Morgan, Dentons, and Deloitte, reveals U.S. venture capital investing was down last year, and poor public stock performance put a pause on the hoped-for IPO revival.

By the numbers:

  • Fundraising: VC fundraising activity slowed to prepandemic levels, with the 2023 full-year figure landing at $66.9 billion across 474 funds.
  • Investment Activity: Deal value continued its descent from historic levels, with just $170.6 billion invested across the year to 15,766 U.S. startups in 2023, a drop of $71.6 billion from 2022.
  • Exit Activity: 2023 annual exit activity, culminated in just $61.5 billion across an estimated 1,129 exit events.

What’s next: Sign up to join the Venture Monitor team on February 15 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.