Distribution of Financing Rounds by Volume
$0 - $5M $5 - $10M $10 - $25M $25 - $100M $100 - $250M $250M+
2%
1%
1%
2%
3%
5%
12%
13%
13%
45%
46%
46%
2022
2023
Q1 2024
19%
19%
18%
19%
19%
18%
• Investors are looking for deals in the lower and middle markets–deals under $100M are the majority in 2024. However, there's still significant capital flowing into the space as 31 financing rounds have surpassed the $100 million mark in 2024 so far. • Finance/Banking tech companies raised the most capital followed by credit/lending tech companies. Notably, UK-based Abound, a credit lending tech company, secured the year's largest deal so far with approximately $1 billion raised in May 2024.
Source: Pitchbook as of June 2024. Data consists of transactions where deal value was disclosed.
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