Global VC seed deals are taking a dive.
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Global VC deals declined in Q3 for the second quarter in a row, hitting 3-year lows

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

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.

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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.