We’ve seen startups from across the world raise just over $26bn in the first three months of 2017. This is almost 17% less than in the first three months of 2016, continuing the downward trend that we have seen in our latest report.
North America continues to “shrink ahead”
In the first quarter of 2017, North American startups are experiencing a steeper decline in funding compared to other regions.
In the region, which is mainly driven by The US but also contains Canada and Mexico, funding dropped by over a fifth year-on-year. Europe (including Israel) had similar drops, while the rest of the world actually increased. However, only accounting for 5% of total funding, South America, Africa, The Middle East, and Australia are still far behind on the global startup scene.
Funding down, deal sizes up
In every region, there was a very high drop in the number of rounds, meaning that the most significant trend globally is a big increase in the average size of funding rounds. This was most significant in The US, driving the average round size in North America up by more than 80%.
Full report is completely free and available on markets.funderbeam.com/reports