1、Venture Pulse Q3 2023 Global analysis of venture funding October 18,2023 2023 Copyright owned by one or more of the KPMG International entities.KPMG International entities provide no services to clients.All rights reserved.2#Q3VCWelcome messageWelcome to the Q323 edition of KPMGs Venture Pulse a qua
2、rterly report highlighting the major trends,challenges,and opportunities facing the venture capital market globally and in key jurisdictions around the world.The data and insights in this report are a look back to venture capital investment during the July 1 to September 30 time frame.Global VC inve
3、stment fell to a sixteen-quarter low this quarter as the VC market continued to feel the pressure of global economic and geopolitical uncertainties,ongoing concerns about valuations and downrounds,and a protracted lack of exit opportunities.Deal speeds continued to slow as VC investors remained caut
4、ious undertaking more due diligence related to potential deals and prioritizing companies with clear paths to profitability.VC investors also continued to focus on improving the operational efficiencies of companies within their existing portfolios.On a regional basis,the US,and Asia both experience
5、d slight declines however European deal activity picked up somewhat,in both VC investment and the total number of VC deals quarter-over-quarter.Mega deals returned to the fold in Q323,led by a massive$4 billion raise by US AI startup Anthropic.The top 5 deals globally also included a$2.27 billion ra
6、ise by France-based battery producer Verkor,a$1.87 billion deal by China-based GTA Semiconductor,a$1.63 billion deal by Sweden-based H2 Green Steel and a$1 billion deal by electric vehicle producer RoxMotor in China.Overall,AI-focused startups continued to attract a significant amount of attention f