PitchBook’s first-quarter report shows that venture activity got off to a slow start this year as investors remain cautious on early-stage tech.
Venture deal volume in the U.S. slumped to its lowest level since 2017 in the first quarter, according data published this week by PitchBook.
"Sticky inflation has pushed hope of interest rate cuts to the back half of the year, and recession remains a possibility," PitchBook analysts wrote.
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