Time between rounds and stage graduation rates
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Contradicting all of the positive momentum in the venture capital market in 2024, the amount of time it took companies to raise capital increased in the second half of the year, according to Aumni's latest Venture Beacon Report. The contradiction suggests that while the market fundamentals are otherwise improving, the underlying velocity of deals remains subdued.
As the time between rounds increased in the past few years, the graduation rate of startups raising the subsequent round within two years has decreased substantially. The 2022-to-2024 cohort had the lowest rate of successfully raising the next round within two years among the most recent four cohorts.
Read the full 2H 2024 Venture Beacon Report.
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