State of the Markets Report
H2 2022

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Key takeaways

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


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


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


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