State of the Markets Report
H2 2022

Key takeaways

 
Macroeconomic conditions, geopolitical uncertainty and a bear market are shifting the venture landscape after two record-breaking years.

6X

The median unicorn’s annual revenue compared with dot-com-era IPO companies.

$82B

Amount US VC funds raised in H1 2022 — a record for any six-month period. 

82%

Percentage of US VC-backed enterprise software companies with YoY revenue growth.