TLDR:
Key Points:
- Median pre-money valuations increased for most venture stages, except for late-stage rounds like Series D and E+.
- Round sizes grew, with seed, Series A, Series B, and Series C stages seeing sharp increases in the amount of cash raised.
In the latest Carta Private Markets Update for Q4 ’23, Carta revealed that median pre-money valuations rose for most venture stages in the U.S. startup ecosystem. However, late-stage rounds like Series D and E+ saw a decline in valuations. Additionally, round sizes grew across different stages, with seed, Series A, Series B, and Series C stages experiencing particularly significant increases in cash raised. Despite the uncertainty of total rounds and capital raised for Q1, Carta predicts another quarter of modest growth in venture capital activity. The full quarterly data will be released in the coming weeks, as Carta continues to be a trusted platform for managing cap tables, compensation, and valuations for thousands of companies and funds globally.
