Tech Report 2024

VENTURE CAPITAL 2023 ended with the highest number of venture capital deals (31) closed in the past decade. This compares to the 22 deals completed in 2022 and the 28 deals completed in 2019 (the previous high point).

13% 10% 16% 13% Industries Including: comprised the majority of deals in 2023. THERAPEUTIC DEVICES CLINICS/ OUTPATIENT SERVICES BUSINESS & PRODUCTIVITY OTHER HARDWARE

Volume

30 35 40 25 20 15 10

Through 8/31/24

0 5

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024*

Source: Pitchbook

Value

2023 saw the second highest year for deal value since 2015, reaching $141.1 million and outpacing the previous year’s deal value by nearly $60 million. Deal value reached $20 million YTD in 2024.

$160M $140M $120M $100M $80M $60M $40M $0 $20M

Through 8/31/24

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

Source: Pitchbook

06

TECH REPORT 2024

VENTURE CAPITAL

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