The gap between early and late stage venture has never been greater than right now.
Chart below tracks median pre-money valuations for each fundraising stage. Every quarter is compared with the Q1 2021 value.
Seed-stage valuations are up nearly 40% from Q1 2021. That's through all the turmoil of the prior 12 months.
Series A? Just about even with Q1 2021 figures.
Every stage beyond Series A? Really tough. Once you get to Series D, the median valuation has been cut in half.
Now, it bears remembering that while valuations at the early stages are holding up okay, volume is a different story. Fewer rounds are being completed at every stage.
But overall, the stories about renewed focus on the seed-stage are proving true.
If you're wondering what happened in Q1...sign up the newsletter in the first comment below and get our freshest Q1 2023 data in your inbox the moment it's ready (rumor has it, that'll be next week).
#cartadata #valuations #startups #latestage #seed #earlystage
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