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PitchBook-NVCA Venture Monitor First Look

Q1 2022

PitchBook-NVCA Venture Monitor First Look

April 5, 2022

US VC faces a market full of headwinds

Three months into 2022, the US venture industry sits at a crossroads. Headwinds including public market volatility, interest rate hikes and the war in Ukraine have coalesced to shift VC away from its constant trajectory of growth. Dealmaking totaled $70.7 billion in Q1, the lowest figure since 2020, and IPOs came nearly to a halt. 

Some areas of VC have yet to show much of a shift, however, with corporate VC participation and first financings at or near record totals, according to a first look at the data from our upcoming PitchBook-NVCA Venture Monitor. The full report, sponsored by Insperity and JP Morgan, will be released next week.

The PitchBook-NVCA Venture Monitor First Look is a preliminary release of top-line venture industry figures for the US market, intended as a first-to-market source of key datasets and findings. It will serve as a preview of the full PitchBook-NVCA Venture Monitor, which will be released in full shortly after these initial figures are made public. The methodology behind the First Look and the full Venture Monitor remains the same and consistent with previous editions barring any explicit changes incorporated over time. Based on that methodology and PitchBook’s current estimation calculations, there could still result minute disparities between these initial estimates and the final confirmed figures in the full report, but that likelihood remains minimal.