Q2 2022 PitchBook-NVCA Venture Monitor First Look

US venture market pushes back against economic headwinds

The outsized deals that became a theme of 2021 are not being completed as investors take a more cautious approach to the largest deals in the market. Q2 became the  first quarter since Q4 2020 to post less than $77 billion in completed deal value, with just over $62 billion closed. Fundraising topped $120 billion for the second consecutive year, with a strong showing from established fund managers in the first half of the year.

On the exit front, the second quarter was much like the first in terms of exit activity, with the biggest change from the last two years being the complete lack of traditional IPOs. 

The full report, sponsored by Insperity and J.P.Morgan, will be released next week.

The PitchBook-NVCA Venture Monitor First Look is a preliminary release of top-line venture industry figures for the US market, intended as a first-to-market source of key datasets and findings. It will serve as a preview of the full PitchBook-NVCA Venture Monitor, which will be released in full shortly after these initial figures are made public. The methodology behind the First Look and the full Venture Monitor remains the same and consistent with previous editions barring any explicit changes incorporated over time. Based on that methodology and PitchBook’s current estimation calculations, there could still result in minute disparities between these initial estimates and the final confirmed figures in the full report, but that likelihood remains minimal.