It’s getting hot in here. Last year was the fifth warmest year in recorded history — average global temperatures came in at 1.2C above pre-industrial levels. Notably, the top 5 warmest years have all occurred within the past decade. Additionally, 2022 saw atmospheric concentrations of greenhouse gases like carbon dioxide and methane reach new record highs. Amid these developments, big tech companies like Google and Microsoft and retailers like IKEA are taking steps to address their environmental impact.
More horns. India’s share of new global unicorns reached a record high of 6.7% in 2022. India is now the third-largest producer of unicorns in the world, following the US and China. Investors are already betting on the country’s growth potential, and as India’s startups continue to mature, there will be more opportunities for investors to realize gains through high-profile exits. Find out which investor made a $1B+ profit on a $1M Series A investment to an India-based e-commerce firm in our tech trends report.
Super speed. Retail media advertising involves the placement of ads on retailer apps, websites, and marketplaces. Spending on this form of advertising in the US grew from $1B to $30B+ in just 5 years. For comparison, the social advertising market took 11 years to surpass the $30B mark — and search advertising took 14 years to do the same. This rapid market growth marks a significant opportunity for retailers, and we dive into the tech that could help them take advantage of it here.
16-quarter low. Funding to fintech startups dropped 18% quarter-over-quarter to reach $10.7B in Q4’22. This marked the lowest quarterly funding amount for the sector since 2018. Deal count also took a nosedive, dropping to its lowest level since 2020. US-based fintechs saw the greatest share (36%) of this shrinking quarterly funding pot, followed by Europe (26%) and Asia (25%). Did retail tech or digital health fare any better? Find out in our State of Venture 2022 Report.
Not egg-cellent. The average price of a dozen Grade A, large eggs has increased dramatically across US cities in recent years. From November 2021 to November 2022, the average price increased by 109% — rising from $1.72 to $3.59.
The +1
Tell me why. Do you think their heads hurt as much as mine does?
P.S. Next week, we’ll be hosting a roundtable discussion on the tech trends to watch in 2023. Be there or be square — register today to save your spot.
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