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Venture Pulse Q4 2022

The Venture Pulse report provides insights around trends, opportunities, and challenges in the U.S. venture capital market.

There’s been a real proliferation of energy companies among the top deals in Q4’22. There are two reasons for this. First, if there’s a space that VC investors globally continue to believe they should be putting money into, it’s energy or climate-related tech. And second, because a number of other sectors have been depressed, the acceleration in the energy space is particularly noticeable.

Conor Moore

Conor Moore

National Leader, KPMG Private Enterprise

In the U.S. in Q4'22

1

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VC deal value plummets to $36 billion across 2935 deals

2

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Investment in B2B, software and energy hold steady

3

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Corporate VC drops to lowest levels since Q4’1

4

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Exits slide to lowest quarterly tally in years

5

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$1 billion+ Mega-funds experience record year

Dive into our thinking:

Venture Pulse Q4 2022

Global analysis of venture funding

Download PDF

For insights into global VC investments

About the Pulse Series

The Pulse Series of reports—Venture Pulse and the Pulse of Fintech—analyze the latest global and regional investment trends and insights. Included in the reports we provide perspectives and analyses on the lifecycle of venture capital investments as well as overall fintech investment across the Americas, Europe, and Asia. In each report, we share the latest valuations, financing, deal sizes, mergers & acquisitions, exits, corporate investment, and industry trends.

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Meet our team

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Conor Moore
Global Head of KPMG Private Enterprise, KPMG International, and Head of KPMG Private Enterprise, KPMG US

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