VCs raised more money than ever in 2022.
VCs raised more money than ever in 2022.
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U.S. VC exits were down 90.5% in 2022 with just $71.4B in value | NVCA

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

After years of frenzy and soaring valuations, U.S. venture capital investment levels and returns came crashing down in 2022 as the world economy faltered.

The official year-end report by Pitchbook and the National Venture Capital Association (NVCA) showed that 2022 saw only $71.4 billion in total exit value generated, which is a 90.5% decline from 2021’s record of $753.2 billion and the first time this figure has dipped below $100.0 billion since 2016.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.