U.S. venture capital investments drop slight in second quarter
Other - AUGUST 10, 2023

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U.S. venture capital investments drop slight in second quarter

by Andrea Zander

Venture capital investment in the United States dropped slightly in second quarter 2023, despite a $6.8 billion raise by payments processing company Stripe, according to KPMG in its venture pulse report for second quarter 2023, looking at venture capital investment globally.

The deal was the largest venture capital raise in the United States by far during the quarter, followed by two large raises in the artificial intelligence area — a $1.3 billion raise by Microsoft-backed Inflection and a $450 million raise by AI company Anthropic. Additional large deals included a $421 million raise by specialized cloud computing provider CoreWeave and a $401 million raise by cell and gene therapeutics company ElevateBio.

Uncertainty continued to permeate the venture capital market in the United States during second quarter 2023, amidst ongoing geopolitical challenges and concerns about inflation and interest rates. Despite the relatively stable level of venture capital investment

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