It's short. It's sweet. It's new data from Q4 which ended only 4 days ago.
Out fresh this morning, we have our first look into data on valuations and round sizes.
Read the First Cut: State of Private Markets for Q4 and FY 2023
Be sure to download the addendum in the link above to see primary and bridge data split out for each stage.
Caveat: it can take a few weeks for rounds to be recorded on our platform, so we can't produce a final analysis until we get full data in a few weeks.
(So yes - I know this data doesn't have the number of rounds or the total capital invested. I want those metrics too! They'll be published in the final analysis).
At first blush, it looks like valuations in early-stage venture continued trudging back upwards, while late-stage (Series D and beyond) bounced higher as well.
Round sizes plateaued or gently declined in seed and Series A but rose in Series B.
Onwards!
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Peter Walker
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