The Latest Breaking News from PitchBook

The Turo app is like Airbnb for renting vehicles.

PitchBook recently released its Q3 AI and ML report.

PitchBook just released its quarterly U.S. Valuations Report, and its data isn’t surprising—but it is cryptic. Flat and down rounds hit a decade high, while median late-stage valuations (this year to date) are surpassing the 2021 bull market.

PitchBook isn’t ready to call a comeback, but deal counts are looking up: In Q2 this year, U.S. VCs invested $55.6 billion in 4,226 deals, marking the highest quarterly deal count since Q2 2022. Meanwhile, AI startups raised $24 billion globally in Q2, Crunchbase says.

Data pretty clearly suggests that, for lots of fundraising VCs right now, it is brutal out here. But there are nuances to this, as illustrated in PitchBook’s just-published mid-year update to its 2024 U.S. Venture Capital Outlook.

In 2023, total VC deal activity in Japan shook out to $5.1 billion in value, across 1,213 deals, according to PitchBook.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Legal tech firm Farewill has seen its valuation slashed by more than £50 million by one of its major shareholders, the Standard has learnt, amid growing signs European tech firms are struggling to hold on to the heady valuations they attracted during the height of the pandemic.

According to data from PitchBook, VC investments in crypto companies witnessed a staggering 68% drop in 2023 compared to the robust figures seen in 2022.