- 01
Total M&A activity collapsed in H1 2023, with deal volume falling to 71 closures and aggregate value plummeting to $0.9 billion, a 31-fold decrease compared to the same period in 2022.
- 02
Private capital investment dropped significantly to $1.5 billion across 239 transactions, representing a 24% decline in deal count and a five-fold reduction in total value relative to H1 2022.
- 03
Early-stage pre-seed and seed rounds experienced the most severe impact from the market contraction, while late-stage venture financing was limited to just 12 deals totaling $40 million.
- 04
Corporate investors maintained a deal volume similar to 2022 levels—15 deals versus 17—but significantly reduced total spending as part of a broader strategic pivot toward cost optimization.
- 05
Public market activity remained muted with only 30 listings or PIPEs recorded, though U.S. markets showed signs of tentative recovery compared to persistent weakness in Europe.
- 06
North America led the global landscape in early-stage financing with 24 deals totaling $138.7 million, while participation remained limited across Eastern Europe, MENA, and Latin America.