While corporate-backed deals are down at the subdued levels we've been observing since July, mobility, logistics and gaming saw an uptick.
Overall, corporate-backed startup funding rounds in November were at the same level as we’ve seen since the third quarter of the year, down from last year’s comparative numbers but not declining further. And there were month-on-month rises in three sectors: mobility, logistics and gaming.
There were just 386 corporate-backed deals around the globe in November, down 25% from the 514 rounds registered in the same month last year. Investment value stood at $9.57bn in total estimated capital – less than a third of the $30.96bn spent in November 2021.
These figures and finding are roughly in line with the decline observed in the total VC numbers recorded by PitchBook. Total VC deals have decreased more sharply, but deal value has stayed more stable than in corporate-backed deals. In November there were 2,999 deals, down 40% from November 2021. The total…
