Tech funding hits 12-month low of $592 million in October; late-stage funding plunges 72%
October saw overall tech funding hit its lowest point in a year at $592 million, marking a significant contraction. In contrast, early-stage funding surged 114% month-over-month to $361.6 million from $168.6 million, and increased 10.8% year-over-year. Early-stage rounds accounted for 61% of October's total funding activity.
Key points
- Total tech funding fell to 12-month low of $592M in October
- Late-stage funding plunged 72%
- Early-stage funding rose 114% sequentially and accounted for 61% of total
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