The venture capital ship has righted itself, but it has not yet recovered from its 2022 slowdown.
U.S. startups received $27.4 billion in angel investments and VC funding in Q2 of 2023. That’s roughly in line with the figures from Q1 ($24.1 billion) and Q4 of 2022 ($27.4 billion), but it’s a 53% year-over-year decrease, according to York IE Fuel.
Despite this new normal, there’s no shortage of successful, sustainable startups emerging and securing the capital they need to grow. And although many traditional hubs continue to see a drop in startup funding, business is booming in lots of other cities.
That’s why we publish the York IE Fastest-Growing Startup Cities report.