The record wave of venture capital that flowed to startups in the U.S. in the middle of the pandemic is looking more like an anomaly, with big-ticket megarounds of $100M dropping to their lowest level last year since 2020.
Series A through Series D rounds that raised $100M or more in 2023 for U.S.-based companies dropped to about 200 last year, from 2021′s total of nearly 600, according to Crunchbase data.
Artificial intelligence and sustainability initiatives dominated last year's big-ticket rounds. Four of the top five rounds in 2023 involved AI players, including OpenAI's $10B haul, two rounds that landed a total of $6B for Anthropic and a round for Inflection AI which raised $1.3B. Fintech firm Stripe also had a top-five round, raising $6.5B.
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