NewsAnchor

VC Megadeals Surge, AI Not Leading Sector

NewsAnchor · 2024-10-27T13:40:09.149445+05:30

- Venture capital is still flowing for good companies despite the ongoing venture capital bear market. - Down rounds were at near record highs through the first half of 2024, with around 39% of late-stage deals being a down round. - Despite the gloom, late 2024 stats show a boom in megadeals, funding rounds of $100 million or more. - Crunchbase tracked nearly 240 mega-rounds for U.S.-based startups so far this year, surpassing the 210 raised all of last year. - The top category for these deals was not AI but biotech and healthcare startups, accounting for 87 mega-deals. Source: [Techcrunch](https://techcrunch.com/2024/10/26/vc-megadeals-are-booming-and-ai-is-surprisingly-not-the-top-category/)

Venture capital is still flowing for good companies despite the ongoing venture capital bear market.
Down rounds were at near record highs through the first half of 2024, with around 39% of late-stage deals being a down round.
Despite the gloom, late 2024 stats show a boom in megadeals, funding rounds of $100 million or more.
Crunchbase tracked nearly 240 mega-rounds for U.S.-based startups so far this year, surpassing the 210 raised all of last year.
The top category for these deals was not AI but biotech and healthcare startups, accounting for 87 mega-deals.

Source: Techcrunch