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1、Venture Capital Trends and Outlook for 2024Whats Inside1 Introduction3 CHAPTER 1 Dry Powder Surplus4 CHAPTER 2 The Transformative Effect of Generative AI6 CHAPTER 3 The Fundraising Race7 CHAPTER 4 Sectors Leading Funding Activity8 CHAPTER 5 Sustainable Start-Ups Gaining Momentum10 CHAPTER 6Resurgenc

2、e in IPO Activity11 CHAPTER 7Outlook for Venture Capital in 202413 CONCLUSION AlphaSense Helps Venture Capital Investors Stay Ahead of the CurveIntroductionHeading into the second half of 2024,venture capital investors remain cautious as they acknowledge persistent challenging dynamics in the landsc

3、ape.While dry powder reserves have reached record highs,investors are wary about deploying capital with certain recent macroeconomic factors still fresh in mind.Over the last couple of years,funding activity has been affected by nearly a dozen interest rate hikes by the Federal Reserve Bank,the high

4、est record inflation in four decades,market volatility,and fading valuations.While dry powder experienced a run in 2021,venture capital investment in the U.S.declined nearly 30%in 2022,and continued to slump 40%in 2023.Several months into 2024,deals,fundraising,and allocations continue to be down.Si

5、gns of optimism are emerging,however,as key economic indicators such as interest rate stabilization take stage to reduce inflation and curb market volatility.With a current high reserve of$317 billion in dry powder,investors are keen to surface promising opportunities despite lingering stagnation.1B

6、elow,we explore the trends and themes shaping the venture capital landscape in 2024,and the ways investors can strategically position themselves for success.6 Venture Capital Trends to Watch in 20241 A record high dry powder surplus and implications for deal activity2 Generative AI will continue to

7、streamline workflows and drive efficiencies3 The competition for fundraising heats up 4 Trending sectors seeing funding:IT,healthcare,and financial services5 Sustainable start-ups are gaining momentum6 Resurgence in IPO activity2CHAPTER 1Dry Powder SurplusAt the end of Q1 2024,dry powder reached a r

8、ecord-high surplus of over$300 billion.This figurealso known as uncommitted capital reflects the remnants of booming fundraising in 2021 and 2022,and the halt in capital spend since that time,as well as a sign of economic conditions.According to a recent EY survey,93%of CEOs said they plan to increa

9、se or maintain investment in corporate venture capital funds in 2024,signaling an expanding pool of VC capital and potential offramp to M&A activity.Ongoing economic stabilization,steady and potentially declining interest rates,and flattening inflation should serve as a catalyst for VC deals.Ideally

10、,deals should pick up in this less volatile environment as investors feel more confident about deploying their surplus of unallocated capital.3CHAPTER 2The Transformative Effect of Generative AIBy 2025,it is estimated that more than 75%of venture capital(VC)and early-stage investor executive reviews

11、 will be informed using artificial intelligence(AI)and data analytics.This staggering statistic is representative of a transformative shift in the asset management space away from archaic research methods.There is no doubt that generative AI has emerged as a powerful tool in the investment space.Tra

12、ditional due diligence for start-up investors has historically been riddled with inefficienciestying up resources to sort through countless documents and copious amounts of data,and manually crafting market comparisons and performance.It is truly a needle in a haystack exercise that is not only time

13、-consuming but also offers limited visibility and lacks the complete picture.Generative AI in venture capital streamlines workflows,reduces research and due diligence blind spots,and surfaces qualitative and quantitative insights to make data-driven decisions faster.The following are some key use ca

14、ses:Financial Analysis:Automate the process of analyzing a start-ups crucial financials.Algorithms can generate accurate and comprehensive financial reports,saving time and dramatically reducing the chance of human error.4 Market Analysis:A valuable tool for conducting market research,as it can anal

15、yze large volumes of market data,predict market trends,analyze customer preferences,and provide a snapshot of the competitive landscape.Forecasting Analysis:Analyze financial data to generate potential forecasts.Using historical financial data and market trends to train on,these algorithms can provi

16、de insights into future financial scenarios.Competitive Analysis:Conduct a comparative analysis of start-ups in the same space by assessing firms within the same industry and offering side-by-side assessments of their strengths and weaknesses to quickly pivot in the decision-making process.Risk Asse

17、ssment and Management:A models training data can teach algorithms to generate risk models and identify potential risks,helping to assess and mitigate risks,improve decision-making,and ensure the stability of operations.Market Intelligence at Scale:GenAI has the potential to securely pair a companys

18、internal content with leading premium market content sources using proprietary large language models(LLMs)and genAI trained on both business and financial content.5CHAPTER 3The Fundraising RaceAccording to an outlook published by Wellington Management,distributions from VC funds dropped a staggering

19、 84%from 2021 to 2023,further growing dry powder inventory and extending the allocation drought.Competition for fundraising will continue to be a trending theme among emerging companies in 2024.Findings show that VC investors are no longer buying into the idea that good valuations alone drive good i

20、nvestments,and gone are the days of young founders that raced to raise$100 million of capital with scarcely-formed business models,no products or customers at launch,and short-term exit strategies.Instead,investors will likely turn to innovative start-up companies with promising growth plans and str

21、ong leadership teams.Startups that survive the funding drought and succeed in securing allocations will be those with experienced,executive-level leadership and compelling customer-centric solutions.These prospects are more likely to secure financing ahead of their more risky,underdeveloped counterp

22、arts.Investors are more discerning than ever with their capital,as a result of economic circumstances,but also the intrinsic high failure rate that is common with start-ups.6CHAPTER 4Sectors Leading Funding ActivityIn Q1 2024,VC-backed deals totaled 3,205 in the US.While VC deals on the whole are do

23、wn and hovering near historic lows,there is still notable activityeven some megadeals.The top three trending sectorsinformation technology,healthcare/biotech,and business and financial servicesushered in funding rounds over$100 million into 2024,providing optimism for a resurgence in deal activity.T

24、he renewable energy sub-sector is also seeing promising activity.Generate Capital secured a$1.5 billion capital raise earlier this year to fund sustainable infrastructure projects.Other sectors seeing notable funding rounds since the start of 2024 include consumer services,industrials,and consumer g

25、oods.Signs of optimism may not be premature after all,with venture funding in American and Canadian companies up 14%in Q1 2024.7CHAPTER 5Sustainable Start-Ups Gaining MomentumVenture capital investors are increasingly setting their sights on sustainable and climate tech start-ups.One VC sustainabili

26、ty investor in particular set forth a plan to reduce 10%of global carbon emissions by 2035 by investing in 100100 companies.These are sustainability start-ups designed to mitigate 100 megatons of emissions in ten years while generating$100 million in revenue.As the world evolves to adopt sustainabil

27、ity more holistically,it is no surprise that many lucrative,purpose-driven enterprises have sprouted as a result.Sustainability has proven itself an evergreen investment theme rather than a passing trend.Just as ESG investing has long taken precedence with institutions and public companies,sustainab

28、ility-focused investments are gaining momentum among VC investors as well.From organizations that revolutionize soil health globally to promote agricultural sustainability,to companies that produce biodegradable plastic made from algae,sustainability-focused startups are garnering attention from VC

29、investors both for their unique and innovative purposes,and for their potentially lucrative return on investment.815,172TOTAL DOCUMENTS66.20%90D CHANGE16.OCT 2316 JAN 2416 APR 24Document Trend500100015009CHAPTER 6Resurgence in IPO ActivityThe start of 2024 saw IPO activity at its lowest level since

30、2016 as a result of swelling interest rates,geopolitical tensions,and ongoing market volatility.With fundraising heating up,the market stands to break free from the IPO winter and see a resurgence in activity.In addition to investors chipping in late-stage funding,there is a backlog of venture-backe

31、d startups waiting for a liquidity event such as an IPO,according to EY.This may trigger a waterfall effect in terms of exit activity among both newly funded late-stage and primed startups.Notable recent IPOs that fared long-awaited debuts to public markets include Reddit,Astera Labs,and Kyverna The

32、rapeutics.In its first day of trading,Reddits shares soared 48%,nearly two and a half years after filing its original IPO.Astera Labs also debuted last month as the first VC-backed IPO of 2024,closing their first day of trading up 72%.With fundraising heating up,the market stands to break free from

33、the IPO winter and see a resurgence in activity.10CHAPTER 7Outlook for Venture Capital in 2024VC investors still have their work cut out for them in 2024,and will have to tread cautiously around macroeconomic factors and ongoing geopolitical situations that will pose challenges for the foreseeable f

34、uture.Investors are keen on surfacing lucrative opportunities and deploying funding that has sat untouched for years.Generative AI will continue to transform the way venture capital investors accelerate the due diligence process and surface opportunities quicker.By leveraging AI-driven automation an

35、d algorithms,investors can harness comprehensive insights and relevant data to make sound decisions with greater speed and confidence.Competition for fundraising will continue heating up among startup companies in 2024.Investors are more selective than ever in committing capital to startups that hav

36、e experienced leadership and compelling,customer-centric solutions to scale for long-term growth and viability.Top sectors,including information technology,healthcare/biotech,business&financial services,and renewable energy have ushered in funding rounds over$100 million into 2024,providing optimism

37、 for a resurgence in deal activity.Sustainable startups are also gaining traction with VC investors for their innovative and potentially lucrative solutions.11There is also a potential for an IPO resurgence in 2024,driven by exit activity among both newly funded late-stage and primed startups.VC-bac

38、ked companies recently experienced successful IPOs on the public market,bringing a wave of optimism for the landscapes outlook.12AlphaSense Helps Venture Capital Investors Stay Ahead of the CurveTo stay ahead of the topics and trends making the greatest impact on the venture capital landscape in 202

39、4 and beyond,you need a trusted resource that delivers intelligence and insights with the speed of the changing market.AlphaSense is a leading market intelligence platform designed to help investment firms make faster,more confident decisions and revolutionize the way venture investors conduct marke

40、t research.Venture capital investors can optimize their primary investment research by leveraging AlphaSense to gain quality expert insights,an integrated workflow,faster time to insight,and more comprehensive due diligence.Want to learn about how AlphaSense is empowering venture capital firms to ac

41、celerate their research efforts?Read our case study with Innovation Endeavors,an early-stage venture capital firm,to see how our platform streamlines its research process by serving as a single portal for insights,both internal and external.13About AlphaSense The worlds most sophisticated companies

42、rely on AlphaSense to remove uncertainty from decision-making.With market intelligence and search built on proven AI,AlphaSense delivers insights that matter from content you can trust.Our universe of public and private content includes equity research,company filings,event transcripts,expert calls,

43、news,trade journals,and clients own research content.Our platform is trusted by over 4,000 enterprise customers,including a majority of the S&P 500.Founded in 2011,AlphaSense is headquartered in New York City with over 1,300 people across the globe and offices in the U.S.,U.K.,Finland,India,and Singapore.Learn More at Alpha-S14