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Fewest Series D deals since Q3 2018

Carta DataFebruary 2023
Fewest Series D deals since Q3 2018
Chart by Carta Data. Source: carta.com

This chart shows the total number of funding rounds and total cash raised by stage (Series C, Series D, Series E+) per quarter from Q1 2016 to Q4 2022. It highlights a sharp decline in venture funding deals and amount raised across late-stage startups in 2022.

LabelValue shown on the chart
Series C Peak Rounds (Q2 2021)170
Series C Q4 2022 Rounds76
Series C Peak Cash (Q2 2021)$13.0B
Series C Q4 2022 Cash$2.5B
Series D Peak Rounds (Q2 2021)74
Series D Q4 2022 Rounds22
Series D Peak Cash (Q2 2021)$9.2B
Series D Q4 2022 Cash$0.6B
Series E+ Peak Rounds (Q4 2021)62
Series E+ Q4 2022 Rounds18
Series E+ Peak Cash (Q1 2021)$12.2B
Series E+ Q4 2022 Cash$1.6B

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