La financiación global para startups en 2023 alcanza el nivel más bajo en 5 años

A slower final quarter ended a lackluster year for global startup funding as venture capital investors continued to hold back in 2023, Crunchbase datos muestra.

In all, 2023 is on pace to be the lowest for venture funding since 2018. Global startup investment in 2023 reached $285 billion — marking a 38% decline year over year, down from the $462 billion invested in 2022.

Cutbacks were deep across all funding stages globally. Early-stage funding in 2023 was down more than 40% year over year, late stage by 37%, and seed just over 30%.

It’s worth keeping some perspective, though: Overall funding in 2023 was down by less than 20% when compared to the pre-pandemic years of 2018 to 2020.

Tabla de contenidos.

As US goes, so does the globe

Two years into the slowdown, the venture markets are still reckoning with the funding boom of 2021. The fall in tech stocks and a slowdown of the IPO market since the beginning of 2022 has tempered the industry. Valuations set in 2021 did not hold up in 2023, as promising companies raised flat and down rounds.

Startups last year navigated a tough funding environment, tightened their belts and focused on unit economics. Layoffs across tech deepened in 2023.

Investors deployed capital more sparingly, with a higher bar at each stage.

“You can get higher ownership as a fund than you could in 2021,” said miguel cardamomo del inversor de semillas con sede en Nueva York empresas del foro. The current funding environment favors funds and is more difficult for startup founders, he said.

The U.S. — the largest startup investment market with about half of all venture funding — mirrored global trends. Funding to U.S.-based startups in 2023 totaled $138 billion, down by 37% year over year.

AI leads

While most industries were down year over year, AI was the largest sector to show an increase. Global funding to AI startups reached close to $50 billion last year, up 9% from the $45.8 billion invested in 2022. The largest fundings in 2023 went to foundation model companies OpenAI, Antrópico y IA de inflexión, which collectively raised $18 billion in 2023.

Insurtech, semiconductors and battery tech also all saw increased investment in 2023.

Two industries, however, stood out as performing better than broader market declines. Manufacturing and cleantech startups were down in 2023 year over year, but by less than 20%.

Web3 and consumer tumble

Web3, which experienced a runup in 2021 and into 2022, fell 73% year over year in 2023, from $28 billion to $7.6 billion.

Other leading sectors that were down year over year include financial services (down over 50%), e-commerce and shopping (down 60%), and media and entertainment (down 64%).

Q4 tapers off

Q4 marks the lowest quarter for global venture funding in 2023. Quarterly funding totaled $58 billion, down 24% quarter over quarter and 25% year over year.

Fundacion de semillas

Seed funding totaled $7 billion in Q4, down just over 20% year over year from $9 billion.

Despite the cutbacks at seed, it is seen to be the most robust funding stage with new companies funded. And as it became more challenging to raise a Series A round, companies were more likely to raise follow-on seed funding.

Temprano en la

Early-stage funding declined the most in 2023 compared to other funding stages.

In the fourth quarter, early-stage funding totaled close to $23 billion, down a tad quarter over quarter, and down 32% year over year from $33 billion.

Tarde

Late-stage funding in the fourth quarter was 25% of the volume of the peak in Q4 2021.

Fourth-quarter funding reached $28.6 billion, down close to 20% year over year.

Funding at this stage fluctuated throughout 2023 as large fundings went to AI, semiconductor, battery and clean energy companies.

With the increased number of companies funded in recent years, and the tightening funding markets, we expect the layoffs of 2023 will give way to more companies closing in 2024.

The venture markets got more disciplined in 2023. Without a bump in exits, 2024 will continue to be tough for founders in a funders market.

Metodología

Los datos contenidos en este informe provienen directamente de Crunchbase y se basan en datos informados. Los datos informados son al 3 de enero de 2024.

Tenga en cuenta que los retrasos en los datos son más pronunciados en las primeras etapas de la actividad empresarial, y los montos de financiación inicial aumentan significativamente después del final de un trimestre / año.

Tenga en cuenta que todos los valores de financiación se dan en dólares estadounidenses a menos que se indique lo contrario. Crunchbase convierte las monedas extranjeras a dólares estadounidenses al tipo de cambio al contado vigente desde la fecha en que se informan las rondas de financiamiento, adquisiciones, OPI y otros eventos financieros. Incluso si esos eventos se agregaron a Crunchbase mucho después de que se anunció el evento, las transacciones en moneda extranjera se convierten al precio spot histórico.

Glosario de términos de financiación

Hemos realizado un cambio en la forma en que incluimos rondas de financiación corporativa en nuestros informes a partir de enero de 2023. Las rondas corporativas solo se incluyen si una empresa ha recaudado una financiación de capital inicial a través de una ronda de financiación de serie de riesgo.

La semilla y el ángel consta de rondas de semillas, pre-semillas y ángeles. Crunchbase también incluye rondas de riesgo de series desconocidas, crowdfunding de acciones y notas convertibles a $ 3 millones (USD o equivalente en USD convertidos) o menos.

La etapa inicial consta de rondas de la Serie A y Serie B, así como otros tipos de rondas. Crunchbase incluye rondas de riesgo de series desconocidas, emprendimientos corporativos y otras rondas por encima de $ 3 millones, y aquellas menores o iguales a $ 15 millones.

La etapa tardía consiste en series C, Serie D, Serie E y rondas de riesgo con letras posteriores siguiendo la convención de nomenclatura de “Serie [Letra]”. También se incluyen rondas de riesgo de series desconocidas, emprendimiento corporativo y otras rondas por encima de los $ 15 millones.

El crecimiento tecnológico es una ronda de capital privado planteada por una empresa que ha planteado previamente una ronda de "riesgo". (Básicamente, cualquier ronda de las etapas previamente definidas).