The median venture growth deal value declined 17.4% in the three months to end September compared to the same period 2022, according to data from PitchBook, while median valuations slumped by 26.1%. The proportion of ‘down rounds’, in which a firm accepts investment on worse terms than in previous funding rounds, increased to 21.3% from 14.8%. Since the start of 2023, scores of tech firms from food delivery business Gousto to fintech giant Revolut have seen their valuations cut by investors.

Source: Daily Mail February 13, 2024 18:28 UTC