Venture capital financing activity in 2023 contracted for the second consecutive year in the face of rising interest rates, concerns regarding the trajectory of the economy and continued geopolitical tension.
VC-backed company liquidity results were more mixed in 2023. VC-backed IPOs increased from 2022 but remain well below other recent years, and the number of acquisitions of VC-backed companies declined to its lowest since 2017, although 2023 is likely to be commensurate with the average levels from 2018 to 2020 once all deals have been reported.
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