Case in point: Tiger Global, while still #1, invested in 86 companies in the second quarter compared to 120 in the first.
So who’s not slowing down?
Of those on the leaderboard, VC firm SOSV leapt into third place, backing 63 unique companies (up from 60) — the majority of which were already in its portfolio. a16z also kept financing activity relatively steady QoQ.
Get more details in our latest State of Venture Report.
Buy now, pay lesser
Klarna’s valuation is down 85% in just over 12 months.
Valued at $45.6B in June 2021, the “buy now, pay later” company just raised $800M at a $6.7B valuation.
This marks its lowest valuation since August 2019, as you can see from the screenshot below of Klarna’s CB Insights profile.
It also means Klarna is no longer Europe’s most valuable unicorn — an honor that now belongs to the UK's Checkout.com ($40B valuation).