Meketa Connectives: Late stage venture pessimism may give way to investment opportunities

June 2023

2021 and 2022 saw a record volume of late-stage venture capital (VC) financings completed with healthy valuations (a “frothy” late-stage market). Since the start of 2023, only six Series D offerings have been completed.

In this piece we identify some of the factors contributing to the pullback in late-stage funding rounds and note that history indicates there could be some room for optimism.