Research Report

The seed and pre-seed round in 2023-24: Market context takes back seat to success metrics while “window shopping” VCs look for proven skill set and traction

For the fifth year in a row, we’re diving deep into the seed stage fundraising trends that you need to know. Download the full seed and pre-seed report to learn about how VCs are assessing startups’ current success metrics, the increasing focus on the team behind a startup, and what investors are prioritizing as interest in dealmaking has returned.

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A quick preview into our seed findings

A growing focus on success metrics vs. market fit: Market Size and Competition slides received 19% and 48% less attention year over year, respectively

Investors are making decisions faster: Successful companies closed their seed and pre-seed rounds in 12 weeks or less, on average

The rise of “window shopping” behavior amongst investorsThe difference between attention and funding: Investor deck engagement reached record highs, but global early stage fundraising trends stayed flat YOY