VC Investment Outlook
When looking at VC capital ready to be deployed a similar picture emerges. Dry powder remains at an all time high as can be seen in the graph below.
Total Value of Dry Powder with VC ($B)
$700
Total
$600
2023**
2022
$500
2021
$400
2020
Overhang by Vintage
2019
$300
2018
$200
2017
$100
2016
Cumulative Overhang
$0
**
Source: Pitchbook ** As of March 2023
The large amounts of capital raised in 2021 and 2022 that remains to be deployed suggests that the tighter restraints on capital deployment seen in the last year was not due to any kind of difficulty in fundraising but was instead in anticipation of a better climate for investment coming over the horizon. We expect that investments will pick back up through the remainder of 2023 and may accelerate in 2024 if monetary conditions begin to loosen again.
FE International
Page - 08
2024 Digital Media M&A Report
Made with FlippingBook - Online magazine maker