U.S. VC firms pull back from late-stage deals amid stormy markets, valuation concerns

 Startups seeking late-stage funding in the United States are failing to attract investors as dour sentiment in the public markets and dull exit conditions make it tougher to justify higher valuations.

U.S. venture capital investments in late-stage deals have plunged 62% to $24.9 billion in the third quarter, according to a report by PitchBook and the National Venture Capital Association (NVCA) on Thursday.

"Right now, the late stage is a much more treacherous market relative to how it has been in the past," Pitchbook's lead VC analyst, Kyle Stanford, said, adding that companies seeking late-stage funding have been relying much more on public market investors.

https://www.marketscreener.com/news/latest/U-S-VC-firms-pull-back-from-late-stage-deals-amid-stormy-markets-valuation-concerns--41994633/