News & Analysis

Strong fundraising in Q2 a positive sign for VC market

The second quarter of 2022 saw a tighter investing environment for the US venture ecosystem. However, several areas of the VC market seem to be relatively unaffected thus far, including the earliest stages of venture, which continue to show strong dealmaking activity, and fundraising for large VC funds, which continue to attract interest from limited partners.  

The latest PitchBook-NVCA Venture Monitor, sponsored by Insperity and J.P. Morgan, details how dealmaking, exits, fundraising and valuations responded to venture investors reassessing their investment pace and strategies during Q2.

Key takeaways

• More than 100 late-stage mega-deals were closed for the sixth consecutive quarter, but the final tally for Q2 is the lowest during that streak by roughly 26%. 
   
• The IPO window was virtually shut in Q2 as VC-backed public listings reached a 13-year quarterly low.
   
• Fundraising topped $120 billion for the second consecutive year, driven primarily by established managers across the US.

This report was created in partnership with NVCA and sponsored by Insperity and J.P. Morgan. Interested in sponsoring future editions of this report? Visit our media partnerships page to learn more.