The global VC deal value amounted to US$65.41 billion ($87.92 billion) from April to June, down 8.3% from US$71.33 billion during the same period in 2023. The number of announced transactions during the quarter fell 14.3% to 3,774 from 4,403 in the year-ago period. In June, deal value declined 24.1% year over year to US$20.94 billion.
The second-biggest funding round involved a consortium led by Searchlight Capital Partners LP and Ares Management Corp. funds, which agreed to invest £500 million of preferred equity in sustainable solutions provider RSK Group.
Technology, media and telecom sectors remained the biggest recipient of venture capital in June, attracting almost half of the global total, the report finds. Healthcare and industrials followed, receiving 17.1% and 16.3% of the total, respectively.
