First Half 2023 Aumni Venture Beacon

Aumni, in partnership with Capital Connect by J.P. Morgan, proudly offers the new First Half 2023 Aumni Venture Beacon.

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Welcome to the Aumni Venture Beacon: First Half 2023. We're proud to offer this latest view of the private capital markets, which leverages Aumni’s broad range of data to examine contrasting trends in venture in 1H23.

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Among other key developments, the report examines median lead investor check sizes, which fell among early-stage deals last year, coinciding with an overall decline in the venture capital market. The drop in Series B lead investor check sizes was particularly steep, sliding by 64% to $7.2 million in 1Q23 from $20 million in 1Q22.

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This year, however, Seed and Series A lead investor check sizes are holding steady, at approximately $2 million and $5 million, respectively. At the same time, Series B lead investor check sizes have been on an upswing since 1Q23. This data may indicate more balanced investor sentiment.

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The Beacon also delves into some of the continued challenges in the market. For example, the pace of new investments slowed significantly: Average fund velocity declined from 3-4 deals per quarter between 1Q18 and 4Q22 to under 2 deals per quarter in the first half of 2023.

Overall, the first half of 2023 presents a venture landscape that may be starting to normalize toward historical trends, but remains challenged. These dynamics underscore the importance of adaptability in a continually evolving environment.

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Want to see more data and insights from the report? Please complete the form on this page to download your copy.