US Startups Achieve $125 Billion in Venture Capital Funding from January to November: New Report
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New Delhi, Dec 24 (NationPress) The US startup landscape experienced a total of 4,463 venture capital (VC) transactions throughout the period of January to November this year, accumulating a disclosed funding value of $125 billion, as indicated by a report published on Tuesday.
This represents a remarkable year-on-year (YoY) enhancement in the total funding value, despite a reduction in the volume of VC deals, according to GlobalData, a prominent data and analytics organization.
The US also registered a 29.9 percent drop in VC deal volume during January to November 2024, compared to the announcement of 6,365 deals during the same timeframe in 2023.
Notwithstanding this decline in deal volume, the overall disclosed funding value for these transactions increased by 18.4 percent compared to the $105.6 billion raised in the corresponding period of the previous year.
The rise in total funding value can be linked to the surge in the number of sizable deals, as noted by Aurojyoti Bose, lead analyst at GlobalData.
The count of VC deals valued at or above $100 million in the US rose from 187 during January-November 2023 to 265 during the same period in 2024.
Some key VC funding transactions include $6.6 billion raised by OpenAI, founded by Sam Altman, $6 billion secured by X.AI led by Elon Musk, $5.6 billion obtained by Waymo, $1.5 billion received by Anduril Industries, and $1.1 billion acquired by CoreWeave, among others.
On a global scale, the US accounted for a 29.3 percent share of the total number of VC deals during the January-November timeframe, while its proportion of the total funding value was 52.5 percent.
The US continues to lead the global VC funding arena in both deal volume and value, the report stated.
