TLDR:
– Tractor Ventures and other funding sources are feeling the effects of a struggling economic environment.
– Increased cost of living has led to startups not growing at the rates they previously were
Alternative funding venture Tractor Ventures, launched during the peak of equity markets in 2020, is now facing difficulties in approving funding due to the current economic climate. CEO Jodie Imam notes that the increased cost of living has impacted the growth of startups, leading to a higher risk aversion from traditional funding sources. This has resulted in a decrease in their ability to approve loans compared to a year ago. The caution from traditional VCs is also affecting startups’ confidence in securing future investments.
