After years of frenzy and soaring valuations, U.S. venture capital investment levels and returns came crashing down in 2022 as the world economy faltered.
The official year-end report by Pitchbook and the National Venture Capital Association (NVCA) showed that 2022 saw only $71.4 billion in total exit value generated, which is a 90.5% decline from 2021’s record of $753.2 billion and the first time this figure has dipped below $100.0 billion since 2016.
Image: VCs raised more money than ever in 2022. Image Credit: Pitchbook/NVCA
