US venture capital (VC) funding surpassed the US$100 billion ($134 billion) mark in the first 10 months of 2024, solidifying US’s dominance in the global VC landscape, a report by GlobalData reveals.
During this period, the US recorded US$117.2 billion worth of VC funding deal announcements, reflecting a 17% y-o-y growth compared to the same period in 2023.
In the first 10 months of 2024, the US accounted for 29.3% of the total number of VC deals announced globally, while its share in terms of corresponding funding value stood at 53.5%.
Aurojyoti Bose, lead analyst at GlobalData, notes that this could be attributed to the “massive jump” in a number of big-ticket deals.
GlobalData found that between January and October this year, there were 4,028 deals, with 245 reaching over US$100 million in value. The total number of deals fell 32.8% y-o-y.
These include some billion-dollar deals announced in the field of artificial intelligence (AI).
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Some of the notable VC funding deals announced in the US in the first 10 months of 2024 include US$6.6 billion worth of funding raised by OpenAI, US$6 billion raised by X.AI, among others.
