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Deal value and deal counts down after historic 2021 peak as high interest rates & economic uncertainty set in Venture Capital Activity Lower After 2021 High

Semiconductor Venture Capital Deal Activity

Autonomous Machines Venture Capital Deal Activity

500

500

$18,000

$18,000

458

$16,000

$16,000

416

400

400

$14,000

$14,000

386

341

340

316

311

$12,000

$12,000

316

284

300

300

$10,000

$10,000

249

271

$8,000

$8,000

188

200

200

175

$6,000

$6,000

129

104

$4,000

$4,000

76

75 100

67 100

60

52

$2,000

$2,000

23 27

11 22

$0

$0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 23Q1 Deal value ($M) Deal count (R)

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 23Q1 Deal value ($M) Deal count (R)

Source: Cushman & Wakefield Research, Pitchbook, 2023

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