Valuation step-up multiples trended up last year at Series A and Series B. Series C was a different story.

Last year’s figures in late-stage dealmaking were far off the late-stage market’s peak in 2021. They’re also still lagging behind the pre-pandemic funding market of 2019.

A look at why the data on equity compensation isn’t so equitable—and how equity could help bridge the wealth gap.

While volatility diminished in 2023, fundraising activity in the startup ecosystem remained near recent lows in Q4 2023.

Median valuations soared at Series D and Series E+ in Q4 2023, a promising fundraising sign for late-stage startups.

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.