{"id":583150,"date":"2023-02-09T00:00:00","date_gmt":"2023-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/global-vc-funding-down-43-in-2022\/"},"modified":"2023-02-09T00:00:00","modified_gmt":"2023-02-09T00:00:00","slug":"global-vc-funding-down-43-in-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/global-vc-funding-down-43-in-2022\/","title":{"rendered":"Global VC funding down 43% in 2022"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">2022: A tough year for startups globally as the CVC funding river dries up. <\/span><span style=\"\">The amount of <\/span><span style=\"font-weight:400;\">money deployed in startups by corporate venture capital firms (CVCs) fell 43% to USD 98.9 bn in 2022, as investors scaled back activity on rising borrowing costs and fears of an oncoming recession, according to data gathered by business analytics platform CB Insights. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">On the bright side: More money into funding rounds. <\/span><span style=\"\">Although the amount of funding <\/span><span style=\"font-weight:400;\">disbursed almost halved last year, the number of funding rounds remained more or less the same y-o-y at around 4.9k \u2014 the second-highest year for CVC-funded transactions. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">IN PERSPECTIVE- 2021 set the bar high:<\/span><span style=\"\"> Funding deployed in 2022 was still comfortably <\/span><span style=\"font-weight:400;\">above the pre-pandemic norm which saw USD 60-70 bn in annual investment between 2018 and 2020. 2021 was an anomaly year, which saw the huge amounts of monetary and fiscal stimulus deployed in response to the pandemic push CVC investment to a record USD 173.8 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">US startups got the biggest chunk of funding<\/span><span style=\"\">, with around USD 7.6 bn spanning across 310 <\/span><span style=\"font-weight:400;\">funding rounds. Africa saw only 13 funding rounds, raising just USD 100 mn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Funding fell across the board: <\/span><span style=\"\">No sector was spared from the funding drought: fintech, retail <\/span><span style=\"font-weight:400;\">tech and digital health startups all saw significant drops in funding. Fintech funding dipped 48% y-o-y to USD 18.6 bn while retail tech and digital health both saw investments fall 54%.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">VC vs. CVC: <\/span><span style=\"\">VCs obtain funds from institutional investors (or \u201climited partners\u201d), while CVCs <\/span><span>involve companies <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/wealth-management\/corporate-venturing-corporate-venture-capital\/\" style=\"\">directly investing their own capital<\/a><\/span><span style=\"font-weight:400;\"> into startups.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">It has been a rocky year: <\/span><span style=\"\">Recession fears pushed everyone to cut down on their spending and <\/span><span>VCs were no exception. Investors are faced with \u201cgeopolitical instability, inflation being more endemic, and having rising interest rates and recessionary fears,\u201d Jeff Grabow, a VC expert at EY, told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnbc.com\/2023\/01\/12\/startup-investment-fell-in-late-2022-amid-recession-fear-crunchbase.html\" style=\"\">CNBC<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">And the unstable stock market didn\u2019t help: <\/span><span style=\"\">Tech valuations came under severe pressure last <\/span><span style=\"font-weight:400;\">year as share prices fell, making it more difficult for startups to raise funds and forcing them to make cutbacks.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Locally, it was a different story. <\/span><span style=\"\">Total funding raised by Egyptian startups grew 35.7% y-o-y in <\/span><span style=\"font-weight:400;\">2022 to reach USD 506.8 mn, despite the economic turmoil of several currency devaluations, rising borrowing costs, and uncertain global conditions.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">That doesn\u2019t mean that everything was rosy: <\/span><span style=\"\">StartupLand <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/whatsnexts\/a-year-of-reckoning-for-planet-startup\/\" style=\"\">was met with rising interest rates<\/a><\/span><span style=\"\">, <\/span><span>falling valuations and the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/09\/11\/capiter-board-fires-ceo-coo-as-company-looks-set-to-become-first-casualty-of-slowdown-on-planet-startup-80822\/\" style=\"\">demise of one high-profile startup<\/a><\/span><span>, which together <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/13\/brace-yourselves-startups-2022-may-be-a-bumpy-year-73612\/\" style=\"\">pushed VCs to ration their investments<\/a><\/span><span style=\"font-weight:400;\"> and adopt more selective positions. Startups had a hard time navigating the economic challenges, with many having to cut costs and restructure their operations.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">A better 2023 ahead? <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/whatsnexts\/more-shakeouts-down-rounds-and-ma-for-startups-in-2023-but-investors-are-still-bullish\/\" style=\"\">Investors are expecting<\/a><\/span><span style=\"\"> current market challenges to ease off during the <\/span><span style=\"font-weight:400;\">second half of the year as VCs face pressure to deploy their capital. Startups are also expected to use up their funds more efficiently, prioritizing steady growth in efforts to avoid the cash crunch many startups struggled with last year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Not everyone is that optimistic: <\/span><span style=\"\">Grabow tells CNBC that many VCs are bracing for a two-year <\/span><span>down period and that startups should not hold their breaths for a lifeline before then. \u201cThe hope is in two years, we\u2019ll be through the uncertainty ... and you can come out on the other side and catch an uptick,\u201d Grabow said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2022: A tough year for startups globally as the CVC funding river dries up. The amount of money deployed in startups by corporate venture capital firms (CVCs) fell 43% to USD 98.9 bn in 2022, as investors scaled back activity on rising borrowing costs and fears of an oncoming recession, according to data gathered by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":583151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8378],"tags":[633,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-enterprisepm","tag-startups","wpautop","entry"],"acf":{"mongo_id":"b60bcdb6-7fcc-4109-b764-59c975a5b920","is_powered_by":false,"story_type":"1","photo_url":"http:\/\/enterprise.press\/wp-content\/uploads\/2021\/09\/money-1600-2.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[583132],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.a8cb7776-7275-4f91-bc86-9a8ffb3ed0c1.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global VC funding down 43% in 2022 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/global-vc-funding-down-43-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global VC funding down 43% in 2022\" \/>\n<meta property=\"og:description\" content=\"2022: A tough year for startups globally as the CVC funding river dries up. 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The funding came either following the companies closing pre-seed rounds, or as boosters to companies that are looking to expand and complete acquisitions.The startups: The Egyptian startups include Cairo-based delivery service ShipBlu, ins.\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589237,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/the-vc-hubs-of-africa-startups-in-egypt-nigeria-south-africa-and-kenya-continue-to-dominate\/","url_meta":{"origin":583150,"position":1},"title":"The VC hubs of Africa: Startups in Egypt, Nigeria, South Africa, and Kenya continue to dominate","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"Smaller markets on the continent \u2014 including Francophone countries \u2014 are beginning to pull in more VC investment activity","rel":"","context":"In &quot;STARTUPS&quot;","block_context":{"text":"STARTUPS","link":"https:\/\/enterpriseam.com\/egypt\/category\/startups\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/791.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543298,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/23\/2021-was-a-bumper-year-for-emerging-market-venture-capital-funding\/","url_meta":{"origin":583150,"position":2},"title":"2021 was a bumper year for emerging market venture capital funding","author":"enterpriseam admin","date":"23 January 2022","format":false,"excerpt":"2021 was a bumper year for EM VC funding: Among emerging markets, 2021 saw soaring increases in the number of venture capital agreements signed and the sheer scale of funding channeled into startups, according to Magnitt\u2019s recently-released 2022 State of Startup Funding Report for Emerging Markets (pdf). 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