TLDR:
San Francisco startups saw an increase in venture funding in Q2 of 2024, reaching $6.4 billion, the second highest quarterly amount since 2022. However, San Francisco’s share of the national venture pie decreased, with the number of venture deals closed falling to the lowest since 2020.
- Venture investment in San Francisco startups increased to $6.4 billion in Q2 of 2024.
- San Francisco’s share of the national venture funding decreased, with the number of closed venture deals hitting a low since 2020.
Venture capital investment nationwide surged in Q2, with major deals boosting the overall numbers. While the Bay Area saw significant funding, San Francisco lagged behind and struggled with successful exits. The venture industry is facing challenges due to the lack of companies going public or getting acquired.
It will be interesting to see how the industry evolves in the coming months and if San Francisco startups can overcome these hurdles to continue to thrive in the venture funding landscape.
