Where does all that VC money go?
Last year, just like the previous half decade, VC cash & attention went to SaaS.
As a general category, SaaS saw 37% of rounds and 35% of invested capital across all Carta cap tables in 2022. That's essentially flat from 2021 as a percentage of all VC (all data is US only here). Of course while SaaS maintained its prior "round share", the total dollars invested into the sector dropped nearly 50% from 2021.
Added in a few of the major sub-sectors within SaaS for color, including cybersecurity and data analytics.
After SaaS, we round out the industry leaders with Consumer, Healthtech, and Fintech. 3 out of every 4 VC dollars went to one of those four sectors last year.
Trends:
Hardware jumped from 5% of invested capital in 2021 to 9% in 2022. Kudos!
Energy moved from 3% to 5% of capital over the same period (almost all renewable investment)
No industry in the top 15 saw more investment in last year than the year prior 😬
Tech startups are multifaceted - but they are mostly SaaS.
#cartadata #startups #industry #venturecapital
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