Exciting news at Momenta! This quarter, we welcomed Rockwell Automation as an anchor investor in our fourth Industrial Impact fund, a $100m venture capital fund focused on Industry 5.0.
The final quarter of 2023 saw a robust recovery in public markets, with equity rallies retracing year-to-date gains in the major stock indexes following a difficult 2022. V.C. investing appears to be recovering, albeit slowly. According to C.B. Insights, global venture funding in 3Q23 increased 11% from 2Q to $64.6 billion. Notably, average and median deal sizes continue to trend down from 2021 highs. SVB’s analysis shows V.C. investment reaching a floor 12-18 months into a down cycle, with the current environment showing signs of stabilization prior to an upturn. KPMG sees V.C. deals taking more time to close as investors perform deeper due diligence and expect a gradual improvement into next year.
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