TechVC fundraising will get bizarre as autumn nears •...

VC fundraising will get bizarre as autumn nears • TechCrunch

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The primary half of 2022 broke fundraising information at VC companies, however on the similar time, just about everybody we spoke to anticipated fundraising to sluggish to a trickle by the top of the 12 months. And whereas it’s slowing down, fundraising can be getting actually bizarre.

By bizarre, I imply largely unpredictable. In keeping with Kari Harris, an lawyer centered on agency fundraising at Mintz, whereas fundraising stays comparatively wholesome total — GPs nonetheless have the higher hand in negotiations with LPs, which, to her, is an effective signal — it’s slowed for a lot of.

“I’ve seen an extension within the time frame from launch to preliminary fund shut,” Harris stated. “It’s taking longer for funds to get raised.”

PitchBook information backs up Harris’ assertion. Kyle Stanford, a senior analyst at PitchBook, informed me that fundraising information by way of August signifies that fundraising in Q3 will more than likely be decrease than Q2, which marked a steep drop from Q1.

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