Venture capital funding for startup companies is predicted to be “constrained” in 2024, according to financial data provider, Crunchbase. The subdued funding climate was evident in January this year when global startup funding reached close to $22bn, slightly below the monthly average for 2023. This subdued atmosphere is said to have caused many firms to struggle to raise new funds at their previous valuations, as investment firms now demand larger ownership stakes. However, Crunchbase also found that a handful of start-ups have grown their valuations, including financial technology firms Bilt Rewards and DailyPay, sports entertainment company Minute Media, and AI chip start-up Rebellions.
2024: Unleashing Venture Capital’s Boundless Potential for Funding Success
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