Global Venture Funding Drops 30% as China Helps Drag Market Down
- Tech investors are cautious as economies, IPO markets sputter
- AI is a bright spot as investors bet on technology’s promise
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Global venture capital funding declined 30% in the first quarter, continuing its slump as investors remain cautious amid sputtering economies and a sluggish market for stock-market debuts.
China’s 40% decrease helped pull the market down, while the US saw a 29% drop, according to data collected by research firm Preqin. The overall worldwide haul by startups shrank to $57.8 billion in the first three months.