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Sapphire Ventures: GenAI Funding is Up 271%. Every thing Else? Down -36%

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So most of you may in all probability infer from funding posts and press releases simply how a lot B2B funding goes into GenAI startups.

However precisely how a lot?

Sapphire Ventures has the latest data. In 2023:

  • GenAI funding was up a shocking +271% (!)
  • However total, B2B VC funding was down -36%

2024 seems to be pretty much the same.  Top SaaS VCs are investing 80%+ in AI-first startups:

That is the place the VC frenzy is correct now.  With public SaaS multiples frozen round 6x, there simply isn’t a ton of later-stage pleasure exterior of AI.

The complete Sapphire report here:

The State of the SaaS Capital Markets: A Look Back at 2023 and Look Forward to 2024

 

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