Unique Research · Company / Funding charts · July 25, 2024
After two years of slower venture growth, large rounds and AI capital injections gave Q2 a strong push — a sign markets are again backing high-potential sectors. Active VCs that paused after the 2021 peak are gradually returning. Challenges remain: fundraising thresholds stay high for early and growth startups alike, so plans and positioning must be sharper.
Below is a seven-chart snapshot of global AI enterprise funding in 2024. [Charts — see CN images]
Global funding peaked in 2024 Q2
Global fundraising heated up in Q2 2024: total volume hit $79B, a five-quarter high. Growth was driven by rounds of $100M+ — confidence in later-stage growth companies and intense competition for AI.
AI drove the rebound
Even as investors worry about AI revenue versus huge capex, AI funding still grew: volume doubled to $24B, an 18-month high. Mega-rounds at the $1B+ level from xAI, CoreWeave, Wayve, Scale AI, and Xaira Therapeutics led the move.
Top firms moved first after seed
Elite investors accelerated post-seed annual pace. Khosla Ventures, Accel, and Andreessen Horowitz led in post-seed deal count. Growth and PE funds, by contrast, participated far less than in 2022.
North America remains the AI startup hub
U.S. and Canadian startups posted their strongest quarter since last year: $45.3B raised, up more than one-third YoY (Crunchbase). AI funding tracked the global pattern — doubled QoQ and YoY to $16.8B.
Asia AI funding at a multi-year low
Asia had its weakest startup funding quarter since 2015: $14.6B total, −32% YoY. AI startups took a relatively small share — only $2.5B, under 20% of the region’s quarterly total, versus North America’s $16.8B.
Europe late-stage strength
European startups raised $16B in Q2 — first time in a decade ahead of Asia (Crunchbase), powered by late-stage volume, with AI names taking a meaningful share.
Latin America volatility
South and Central American startups raised $791M, below the Q2 2021 peak. Brazil and Mexico led; fintech remained the regional investment theme.
Notes
Data from Crunchbase, publicly reported only; cutoff July 7, 2024. Early VC figures (especially seed) often revise up after quarter/year end. Amounts in USD unless noted; FX converted at spot on the event date (historical spot if recorded later).
Footer in CN also teases the 2024 H1 Global AIGC Industry Half-Year Report.
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