US startup valuations remained high in 2022, but the trend is turning

Published 14 February 2023

Print

PitchBook has released its 2022 annual US VC Valuations Report.
Among key takeaways are:

  • The median angel and seed stage valuation stayed high in 2022, with Q4 2022 hitting record-setting numbers.
  • Early-stage valuations stayed high in 2022 overall, but saw a downwards trend in late 2022, with the median valuation falling 33.3% from Q1 to Q4 2022.
  • Late-stage startups were hit the hardest, with IPO valuations as well as acquisition valuation declining.

In conclusion, despite 2022 as a whole kept US startup valuations high, the trend seems to be changing.

Read the full report by here.