Research Report

The seed round in 2022-23: VCs and founders focus on “why now” amid an ongoing slowdown

For the fourth year in a row, we’re diving deep into the seed stage fundraising trends that you need to know. Download the full 25-page report to learn about how VCs are assessing startups’ current success and long-term profitability, why founders are spending more time fundraising at the seed stage than in years past, and what the data on the performance of AI-related pitches can tell us about trends in VC interest.

Download the report

A quick preview into our seed findings

“Why now” is more important than ever: VCs spent 65% more time reviewing the “why now” section of pitch decks

AI gets more competitive: The number of AI-related seed pitch decks jumped by 48% year over year

A longer seed stage fundraising experience: 50% of successful raises took between 13 and 24 weeks in 2023