Synopsis
The venture market continued its reset in Q1’23 driven by a challenging market and rate environment. Broadly, across tech, venture funding to startups fell by more than 50% YoY to $76B globally and $37B in the U.S., the lowest in 13 quarters. This directly affects investment in the Space Economy given that VCs continue to be the primary source of capital for space companies with $1.3B invested across 68 rounds in Q1, accounting for 60% of total investment and 76% of total rounds.
