DC Venture Capital is Still Hot. These 5 Companies Raised the Most in Q4 2023

2023 was a tricky year for startup founders looking to raise venture capital, with uncertainty caused by factors ranging from Silicon Valley Bank’s collapse to a heightened cost of doing business across the United States. Amid that uncertainty, though, the DC region saw one of its strongest investment years yet.

According to the latest Venture Monitor report, released quarterly by PitchBook and the National Venture Capital Association (NVCA), companies from DC and the surrounding suburbs raised $2 billion across 58 deals in Q4.

That’s more than two and a half times the deal value total recorded in Q3 or Q1, and a 36% increase from Q2. It also marked a whopping 250% jump from the last quarter of 2022, which saw the lowest total in nearly a decade.

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