2023
June 26, 2023
The Morningstar-PitchBook US Unicorn Index will show a negative return from January 1, 2023, through December 31, 2023. | 3 |
Series C and D rounds will see the most down rounds, as these companies are currently the most starved for capital. | 4 |
Seed-stage startup valuations and deal sizes will continue their ascent, reaching new annual highs despite a slowdown in total deal value and count. | 6 |
SPAC IPOs and mergers will continue to decline, while liquidations will continue to increase in 2023. | 7 |
Venture-growth deal value will fall below $50 billion in the US. | 8 |
2023 US VC mega-round activity will fall below 400 deals, hitting a three-year low. | 9 |
US VC fundraising will fall between $120 billion and $130 billion in 2023. | 10 |