Some interesting data in Carta’s latest State of Private Markets: Q3 2024 report (US only)

Link to report are here:

PDF Report
Micro site

Some takeaways:

Markets remain at best flat 🫓

Early stage round activity slowed‼️

Later rounds activity flat🫓

Time between rounds all time high ‼️

20% are down rounds 😬

Start up M&A on Carta platform near all time high at 170 and transacted value in Q3 highest level since Q1 2022📈

👉$10bn raised Jan to Sept 2024 in US primary series A rounds 👈

Biggest sectors by funding are:

1️⃣ SaaS: $2.5bn raised at av. pre money valuation of $47m

2️⃣ AI/ML: $2.0bn raised at av. pre money valuation of $50m

3️⃣ Cybersecurity: $1.2bn raised at av. pre money valuation of $50m

4️⃣ Biotech: $0.9bn raised at av. pre money valuation of $33m

5️⃣ Renewables: $0.7bn raised at av. pre money valuation of $55m

6️⃣ Healthcare: $0.6bn raised at av. pre money valuation of $38m

….and then comes:

7️⃣ Fintech: $0.5bn raised at av. pre money valuation of $44m

Lots more in this report. check it out !

situation likely to have materially changed due to US election results.

I will be tracking !