The global VC deal value amounted to US$65.41 billion ($87.92 billion) from April to June, down 8.3% from US$71.33 billion during the same period in 2023. The number of announced transactions during the quarter fell 14.3% to 3,774 from 4,403 in the year-ago period. In June, deal value declined 24.1% year over year to US$20.94 billion.
Global venture capital (VC) funding decreased both in deal value and volume in 2Q2024, according to new data from S&P 500 Global Market Intelligence on July 16. This is in line with the ongoing trend of a slump in funding as investors remain cautious amid economic uncertainty.
The report notes that the biggest funding round in June belonged to Singapore Telecommunications (SGX:Z74
) (Singtel) and KKR & Co’s investment into STT GDC, worth $1.75 billion.
