Q3 2022 PitchBook-NVCA Venture Monitor First Look

US venture market trudges through Q3

The dust has yet to settle on the venture capital market’s swift decline, with US VC deal count continuing to trend downward for the second quarter in a row, even though it remains high on a historical basis. Deal value hit a nine-quarter low in Q3, with only $43 billion invested in VC deals across all stages.

Exit activity also remained lethargic, to say the least, despite the announced $20 billion acquisition of Figma by Adobe. Just $14 billion in exit value was generated in Q3, the lowest total since Q4 2016, according to a first look at the data from our upcoming PitchBook-NVCA Venture Monitor.

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 be minute disparities between these initial estimates and the final confirmed figures in the full report, but that likelihood remains minimal.