Venture Capital Q2 2024: Preqin Quarterly Update

Expected interest rate cut holds promise for venture capital, according to our latest quarterly update on the asset class.

• Exit activity remains weak in the second quarter of 2024, with 223 exits valued at an aggregate of $41.6bn, down from the five-year quarterly average of $83.0bn

• Fundraising remains soft with 200 VC funds raising $25.6bn in Q2 2024, down from the previous quarter

• The number of deals reached 4,207, with an aggregate value of $69.4bn in Q2 2024. Leading the change in quarter-over-quarter aggregate deal value has been IT, up 42.0% to $34.8bn