Global VC deals declined in Q3 for the second quarter in a row, hitting 3-year lows

Global venture capital deals declined in the third quarter for the second consecutive quarter, falling to the lowest level since the second quarter of 2020.

Deal value fell to $73 billion, which is lower than the record by more than 65%, according to the latest first look at a report from PitchBook and the National Venture Capital Association (NVCA) upcoming Q3 2023 Venture Monitor.