Industry
U.S. venture investment hits record $515.8 billion amid liquidity strain from weak IPOs
U.S. venture investment totalled a record $515.8 billion through September, lifted by mega fundraising by AI companies, but exit markets have not kept pace. Third-quarter investment fell from the prior quarter even as deal count neared a post-2022 high. Exit proceeds were dominated by a single acquisition. IPO activity remained muted, with most listings in healthcare. The backlog of unicorns grew, and fundraising concentrated in large funds.
