UNITEDSTATESTECHUPDATE

Q22024

July2024

Image:SanFranciscoBay,CA,USA.ZetongLi

VCinvestmentbystage

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▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)▊$250m+(mega+)

USstartups

raised$46.5Bin

Q22024.

InvestmentinQ2isup3%

comparedtoQ1,andup38%yearonyear.

USstartupshaveraisedover$91Bin2024,andinvestmenthasnowgrownfortwo

consecutivequartersforthefirsttimesince2021.

Page/2Source:Dealroom.codealroom.co

USVCinvestmentbymonth(2019-2024)

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USventure

capital

investmentistrackingabovelevelsseen

in2019,2020and2023.

2024

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Source:Dealroom.codealroom.co

Over2.5Kroundsof$2M+have

beenraisedbyUSstartups

in2024.

VCismoreactivethananytime

pre-2021.

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USVCroundsover$2M(2019-2024)

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2024

Source:Dealroom.codealroom.co

Early-stageVChasbeenrelativelystablethroughtherecentcycle.

▊$4–15m(SeriesA)▊$1–4m(Seed)

▊$0–1m(pre-Seed)

Breakout-stageVChasrisenforfour

consecutivequarters.

▊$40–100m(SeriesC)▊$15–40m(SeriesB)

Late-stageinvestmentisatitshighestlevelsince

Q12022.

▊$100–250m▊$250m+

Page/5Source:Dealroom.codealroom.co

Enterprise

Softwarehas

remainedthe

mostfunded

startupsectorintheUSin2024,

muchofitAI-driven/AI-enabled.

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USleadingindustriesbyVCinvestment,H12024

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Source:Dealroom.codealroom.co

USleadingsegmentsbyVCinvestment,H12024

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GenerativeAIstartupsareleadingthechargeinUStechfunding

for2024.

Page/7Source:Dealroom.codealroom.co

TheUShas

raised79%of

globalGenAI

investmentsince2022,7xthatof

Europe.

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ProportionofVCinvestmentbyglobalregion

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Source:Dealroom.codealroom.co

Top10globalcountriesbyVCinvestmentin2024

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TheUShasraisedmorecapitalin

2024thantherestofthetopten

countriescombined.

H12024investmentisup12%comparedtoH12023.

651%

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Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.dealroom.co

TheUSishometo6oftheglobaltop10techhubsbyVCraisedin2024.

$33.9BhasbeenraisedbyBayAreaacrossover900fundingroundsin2024.

SanDiegoinvestmenthasgrownthemostofthemajorUStechhubsin2024,up

135%yearonyear.

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LeadingglobalhubsforVCinvestment

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HubVCinvestmentQ22024.Changevs.2023

Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.dealroom.co

TheNCResearch

Triangle,

WashingtonDC,Seattleand

Austinmakethetop10UStech

hubsbyVCraisedin2024.

TheBayArea

aloneaccountsfor37%ofallUS

VCin2024.

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TopUShubsforVCinvestment

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HubVCinvestmentQ22024.Changevs.2023

–4%

$33.9B

Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.