Series A activity: Week of January 1, 2024
Here's data on the Series A deals done in the last week
Highlights
There were only 3 deals announced in the first 7 days of 2024.
That’s 93% fewer than in the first 7 days of 2023.
That’s an astonishing drop in deal activity that isn’t explainable by citing the holiday break. What it tells us is that investors weren’t writing checks in the normally busy post-Thanksgiving period.
There had been a number of predictions of an extremely busy fundraising season in Q4 that doesn’t seem to have materialized. The next few weeks will show us whether or not there are a significant number of unannounced deals, or if the markets are frozen.
Series A Deals
Summary Stats
Data for Series A deals done worldwide (ex-China) where amount raised is greater than $5M and the company is not focused on therapeutics.