The median primary Series A round size reached $11.3 million in Q4 and the median valuation hit $44.8 million, climbing for the third straight quarter.
SAFEs were about five times more common than convertible notes in H1 2023. But in some sectors, convertible notes are still the top choice.
California is still the center of seed-stage funding in the U.S. But in the past three years, other states have gained ground.
The median pre-money valuation for Series C deals climbed to $250 million in Q2, 35% higher than in Q1.
With the broader VC industry in a downturn, early-stage AI startups saw a significant increase in key venture metrics in early 2023.