2023年風險投資報告(英)

Venture

Wrapped2023Globaltechin13charts31December20232023:

the

great

resetin

venture

capital.Startupsraised$319Bininvestmentin2023,areturnto

pre-pandemicinvestmentlevels.2023wastheyearventurecapitalinvestmentreset.Following18monthsofmaniain2021/22.2023sawthelowesttotal

forglobalventurecapitalinvestedsince2017.Seeeveryround?Page

/2Source:Dealroom.coThe

startup

pipelinekeeps

being

fed.Excludingmegaroundsofover$100m,however,

investmentintostartupsat

earlyandmid-stageclosedabove2020levelsin2023.Thefundingcrunchismostacuteatlate-stage.Theearly-stagefunnelcontinuesto

befilled.~35kPre/Seedroundswerecompletedin2023.Andover6kSeriesAs.Customizedata

?Page

/3Source:Dealroom.coCrossover

funds

hitthe

breaks.TheflightofCrossoverfundsfromtheventureplayingfieldisthebiggestdriverofthelate-stagefundingcrunch.Down85%from2021Alloflatestage

isdown69%from2021BetweenthemTigerGlobal,Temasek

Coaparticipatedin$148BworthofVCdealsin2021.In2023allcrossoverfundswerepartofjust$34BofVCrounds.Corporatecapitalhasbeenmuchmoresteadfast.Crossoverrounds?Page

/4Source:Dealroom.coAnd

yet,

investment

from

non-venture

capital

sources

is

at

an

all

time

high.MajorCorporateGiantandSovereignWealthFundinvestorsin2023VC

investmentbyinvestortypesCorporatesLeda$10BVCroundintoOpenAI

inJan2023ParticipatedindealsintoParticipatedindealsintoAnthropic,HuggingFace

andFreshtoHome.Anthropic,HuggingFace

and

Sandbox

AQSovereignWealthFundsParticipatedindealsintoParticipatedindealsintoParticipatedindealsintoLenskart,Forward

andOutriderBuilder,AscendElements

andEnsomaDevoted

Health,EulerMotors

andDatabricksPage

/5Source:Dealroom.coThe

unicornsclass

of

2023.Swimmingagainstthetide,87startupsachieveda$1Bexitorprivateunicornvaluationforthefirsttimein2023.It?s

thelowestnewunicorntotalsince2014,anddown89%from2021?s

highwater

markof782.Butthesearetheonesthatbeattheodds.Viewunicorns?Page

/6Source:Dealroom.coHopinheimer:the

2023

startupfallout.WorkspacesUnitedStatesEvent

TechUnitedStatesMobilityUnitedStatesCrypto

exchangeplatformBahamas2023alsosawanumberofhighprofilestartupsentervaryinggradesofdistress.From$32valuationtoceasingoperationsinNovember2022Oncevaluedat$47B,filedforChapter11bankruptcyin2023From$12.5Bto$250Min18monthsOncevaluedat$2.3B.FiledforbankruptcyDec2023AOnline

LuxuryBattery

TechUnitedKingdomAgritechGermanyMicro

processorsUnitedKingdomFashion

Retailerlate-stagecapitaldriedupandpublicmarketsclosed,brandnamecompaniesapproachedtheendoftheirrunwayorsawtheirmarketdisappearin2023.Bahamas$5.8BIPO2018to$500MacquisitionbyCoupangUnicornvaluation,to￡8.6MacquisitionbyRechargeIndustriesUnicornat2021SeriesD.DeclaredbankruptcyforEuropeanoperationsFrom$2.8BvaluationtoSequoiawrite-o?in2023.Meal

kitsUnitedStatesInsurtechUnitedStatesE-bikesNetherlandsTelemedicineUnitedKingdomExploreexitsdata

?From$3BIPOto$100MacquisitionbyWonderDistributionOncevalued$7.7B,nowbackto$100MDistressedsaletoLAVOLIE(ownedbyMcLaren)From$4.2billionvaluationto$620KassetsalePage

/7Source:Dealroom.co|DataasofDec2023The

dawn

ofthe

age

of

AI.2023wasanepochalmomentforadvancesanddeploymentsinArtificialIntelligence.Inatimewhennot

muchintechwasgrowing,investmentintoandvalueofGenAImodelmakersincreasedbymorethan5xyearonyearin2023.Beyondthetechbubble,AIhitthemainstream.From

Senatehearingsto

BletchleySummits,

AIevenenteredthedictionary.Collinsnamed“AI”

thewordofyearfor2023,whileCambridgeDictionarychose“hallucinate”.$90bPage

/8Source:Dealroom.coGlobalAtoms

>

bits.Physicaltechisin.InvestmentintomanufacturingstartupslaggedEcommerceinvestmentfiveyearsago.Nowit?smorethan3xEcommerce.Entrepreneurialinnovatione?ortisincreasinglybeingdirectedattacklingtheworldbiggestproblems,whichrequirehardwaresolutions:novelenergy,computing,biotech,spacetech.Tech

iscomingofage.Page

/9Source:Dealroom.coVC

investment

fell

globally

in

2023,

but

some

MENA

and

Sub-Saharan

startupecosystems

bucked

the

trend.VC

investment

year

on

year

change

(2022-2023)▊

RapidGrowth(100%+)▊

Growth(0-100%)

▊

Decline(0-40%)

▊

LargeDecline(-40%-80%)

▊RapidDecline(-80%)

▊LowVCdataEurope

fell

byNorth

American

VC37%investment

fell

by

40%Asian

investmentfell

by

36%MENA

fell

by

amodest

26%LATAM

VC

investmentfell

by

60%Page

/10Source:Dealroom.coGlobalChina:

the

sleepingdragon

awakens.TheshareofglobalventurecapitalbeingraisedbyChinesestartupsiswellandtrulyontheriseagain,withahugeproportiongoingtomanufacturingstartups-EVs,batteries,chips,solarandrobotics.Europe?s

shareofglobalVC

isat

analltimehigh.Ingeneralventurecapitalisincreasinglydistributed.TheUS?sshareofVC

isnowunder50%,downfromtwothirdsadecadeago.Page

/11Source:Dealroom.coChinaPhysical

techinvestment

hasdoubled

inChina

in

thepast

threeyears.ChineseVCrounds?Page

/12Source:Dealroom.coGlobalIn

2023,Generative

AI,ElectricMobility

and

EVbattery

techwere

theleadingsegments.Customizedata

?Page

/13Source:Dealroom.co|DataasofQ32023GlobalGen

AIPayment

ProcessingIndustrial

techUnitedStatesUnitedStatesSwedenSelectedfunding

roundsfrom

2023

fromleadingLateVC$10BGrowthEquityVCGrowthEquity

VC$6.5B$1.5Bsegments.Gen

AIUnitedStatesGen

AIUnitedStatesBattery

techSwedenGrowthEquityVCSeriesDConvertible￡1.3B$1.3B$1.2BAutonomous

truckingElectric

vehiclesBattery

techUnitedKingdomChinaUnitedStatesCustomizedata

?SeriesALateVCGrowthEquityVC$1B$962M￡870MPage

/14Source:Dealroom.coGlobalFastest

growingsegmentsintech(2023vs.2019)Carbontracking,

Gen

AIand

Hydrogenare

amongst

thefastest-growingsegments.Customizedata

?Page

/15Source:Dealroom.co