【CBInsights】2024年第二季度全球风险投资状况报告英文版_244页_7mb

报告摘要

State of Venture Summary - Q2 2024

Core Content

The State of Venture report for Q2 2024 provides an in-depth analysis of global venture capital trends, including investment and exit activities, with a focus on dealmaking, funding, and the performance of various sectors and regions.

Main Points

Global Funding Trends

Total Venture Funding: Reached $65.7B, marking an 8% increase compared to the previous quarter.
Deal Volume: Declined for the ninth consecutive quarter to 6,230 deals, now less than half of the peak in Q1'22.
Average Deal Size: Increased to $14.4M, a 17% rise from the 2023 average, indicating that investors are allocating more capital to fewer, larger deals.
AI Startups: Secured 28% of all VC funding, a new record, with $18.3B raised in Q2'24. This was driven by major investments in companies like xAI and Scale.

Key Insights

Investment Trends

Quarterly Funding & Deals:
- The US accounted for 39% of global exits, matching Europe's share.
- Notable exits in Q2'24 included IPOs from Tempus and Rubrik (both over $5B) and Hyundai's acquisition of Motional for $4.1B.
Regional Funding:
- Asia saw a -13% QoQ decline in funding, falling below $10B for the first time in a decade. The drop was most significant in China, with a more than 50% decrease.
- India, Singapore, and Japan experienced increases in funding.

Deal Size by Investor Group

Angel Investors: Smaller deal sizes compared to other investor groups.
Private Equity & VC: Dominated the larger deals, with a notable presence in the top deals.

Sector Spotlight

Fintech

AI startups dominate the sector, with significant investment in application & data integration and monitoring & security.

Retail Tech

Companies in the e-commerce and mobile commerce sub-industries received substantial attention and funding.

Digital Health

Drug discovery, biotechnology, and disease diagnosis were key areas with notable funding and growth.

Geographic Trends

United States

The US continues to be the largest hub for venture activity, contributing 39% of global exits and $39.0B in funding.
Top deals in the US include xAI, CoreWeave, Stripe, Wiz, and AlphaSense.

Canada

xAI and Cohere are among the top deals in Canada, with $6.0B and $450M respectively.

Asia

China had the most significant funding drop, while India, Singapore, and Japan saw growth.
Meesho and Sila are notable examples of large deals in India and the US, respectively.

Europe

United Kingdom and Germany had notable exits, including Wayve and DeepL.
AI and healthcare were prominent in European investment activity.

LatAm

Mexico and Brazil had notable deals, though they were smaller compared to other regions.

Africa

Egypt and Kenya showed some activity, but overall investment remains low.

Oceania

Australia had notable unicorn activity, including Canva.

Top Deals by Series

Series A

Xaira Therapeutics and Metsera received $500M and $240M, respectively.
These deals were focused on healthcare and alternative medicine.

Series B

xAI raised $6.0B, the largest deal of the quarter.
Mistral AI and EnerVenue also stood out with significant investments.

Series C

CoreWeave and Wayve were the top deals with $1.1B and $1.0B.
CData and Cyera also received large sums, highlighting the growth in IT services and monitoring & security.

Series D

Cohere and TERMINUS Technology were among the top deals, with $450M and $277M respectively.
Stripe, Zepto, and AlphaSense also made significant impacts.

Series E+

Scale and Wiz led the series E+ deals with $1.0B each.
Stripe and Figma also saw major funding rounds.

Unicorns

New Unicorns: 7 new unicorns emerged in Q2'24, including xAI, Monad, and Xaira Therapeutics.
Total Unicorns: The total number of unicorns in the global market is growing, with xAI being the most valuable at $24.0B.
Top Valued Unicorns:
- ByteDance ($225.0B)
- SpaceX ($150.0B)
- OpenAI ($80.0B)
- SHEIN ($66.0B)
- Stripe ($65.0B)
- Databricks ($43.0B)
- Revolut ($33.0B)
- Fanatics ($31.0B)
- Canva and Chime ($25.0B each)

Conclusion

Q2 2024 reflects a mix of strong funding growth for AI startups and a decline in deal volume globally. The US remains the dominant player in venture capital, with significant activity in both funding and exits. While Asia saw a notable drop in investment, other regions like India, Singapore, and Japan showed positive trends. The data highlights a shift towards larger, more strategic investments in select sectors and geographies.

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