Q1 is over - what can we learn from the start to 2024?
Based on the data available now (just median valuations and round sizes - no comment yet on total fundraising as that comes in at a lag) - I'd say Q1 was another in a run of "slightly better" quarters.
This ain't 2021. But valuations and round sizes grew essentially across the board from priced seed through Series B (little hiccup there with Series A valuations).
Read the First Cut: State of Private Markets, Q1 2024
It's not all the shiny data we like to dance through, but we hope the rapid overview is valuable nonetheless.
Be sure to download the addendum at the bottom of the short report to see valuations and round sizes split into primary and bridge rounds.
Springtime in startups just around the corner (fingers crossed).
Subscribe here if you're new to the Data Minute. Forwarding encouraged!
Peter Walker
DISCLOSURE: This communication is on behalf of eShares, Inc. dba Carta, Inc. ("Carta"). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. © 2026 Carta. All rights reserved. Reproduction prohibited.
