PitchBook: VCs raised $30.4B globally in Q1 2024, a marked slowdown from 2023, which itself was the worst year since 2016, suggesting the end of "megafunds" era (George Hammond/Financial Times)

George Hammond / Financial Times:

PitchBook: VCs raised $30.4B globally in Q1 2024, a marked slowdown from 2023, which itself was the worst year since 2016, suggesting the end of “megafunds” era  —  Data shows a ‘sustained slowdown’ has persisted in the first quarter of 2024 as a lack of exit options weighs on fundraising efforts