2022-08-20-CBInsights-2022年二季度风险投资状态（英）_329页_6mb

Global Funding Decline

• Funding dropped 23% QoQ to $108.5B, the largest quarterly percentage decline in nearly a decade.
• Unicorn births fell to 85 (down 43% YoY), the lowest since Q4 2020.
• Mega-round funding decreased 31% QoQ to $50.5B, a 6-quarter low for the category.
• Total exits (M&A, IPO, SPAC) dropped 16% QoQ.

US Dominance Amid Headwinds

• The US led in funding ($52.9B), new unicorns (49), and unicorn population (629).
• European startups saw a higher deal share (39%) compared to the US (36%) in Q2 2022.

Geographical Variations

• Denver saw the highest quarterly funding increase (111% YoY).
• Africa-based ecosystem (NGOs, government programs) is expanding and attracting increasing investment.
• South Africa is experiencing growth in unicorn count and attracting both local and international investors.

Sectors in Focus

• Fintech saw a 33% QoQ funding drop, with Europe becoming a more significant hub.
• The UC and exits in healthcare increased, driven largely by digital health companies.
• Retail tech experienced a 43% QoQ funding drop, impacting its sector globally.

Valuation and Exit Trends

• Early-stage valuations rose QoQ in the US, signaling optimism in less mature startups.
• Exit rates saw the highest decline in Europe, where M&A and SPAC activity slowed significantly.

Mega-round & Investor Pattern

• Mega-round usage fell due to a decreased reliance on large institutional investments.
• Investors like Tiger Global and SOSV scaled back activity, with fewer companies funded overall.

Conclusion

Q2-2022 globally showed a distinct trend of risk aversion among investors, with increased early-stage focus and geographic diversification outside traditional hubs like the US. The US remains resilient despite reduced funding.