Hi there, 

We dropped our State of Venture Q2’22 Report today. 

It’s 329 pages (you read that right) of charts + analysis. Get it here. 

So what happened?

For the second straight quarter, venture funding fell more than 20%. 

Deals dropped 15% from Q1, marking the biggest quarterly percentage decrease in a decade.

Investors pulled back on the biggest deals (average global deal size has dropped by $5M in 2022 so far) as the fallout in the public markets hits startup land. 

New unicorn births have fallen off 43% from last year’s peak.

But globally, startups are still raking in the cash: Q2’s $108.5B in venture funding is higher than any quarterly total before 2021. 

So where are the bright spots?

• On the up: Funding to startups in Africa is on track to hit a new annual record.
• Smooth(er) sailing: Europe was resilient. Startups on the continent only saw a 13% dip in funding QoQ vs. major regions like the US and Asia, which saw a 25% drop each.
• In the wings: Median deal size was up by $1M from 2021 for angel investors, the only investor group to see positive change in 2022 so far. 

See more in the full report — including the quarter’s top investors, valuation data, and deal/funding breakdowns across every major US metro and startup market globally.

Green is the new black

Big tech’s focus on climate tech has ramped up. 

Facing pressure to reduce their carbon footprints, Amazon, Google, and Microsoft have all announced new emissions targets. 

These leaders are also making billions of dollars available to climate tech startups via new funds and accelerators. 

In our latest report, we dive into: 

• The different areas of climate tech where big tech is investing

• How big tech companies are adding new carbon accounting and climate risk analysis features to their offerings

• Where each big tech company is headed next in the climate tech space

Download The Big Tech in Sustainability Report here.

In it to win it

Applications for our fourth annual Digital Health 150 awards are open.

We want to hear from you. Fill out the 3-minute application here before September 9.

Feelin’ SoFi

While SoFi has traditionally been known for its lending services, the publicly traded fintech is looking to become a one-stop financial shop for its customers. 

For example, last year SoFi acquired California-based community bank Golden Pacific Bancorp, which allowed it to obtain a national bank charter.

Using CBI data, we mined SoFi’s investment, acquisition, and partnership activity to outline its strategic priorities. Clients can dig into our strategy map here.

TechCrunch. Alex Wilhelm (@alex) and Anna Heim (@abracarioca) dig into the CB Insights State of Venture Q2’22 Report.

Fast Company. Adam Bluestein (@adambluestein) discusses AI fighting physician burnout and mentions CB Insights research.

New York Times. Lisa Rabasca Roepe (@lisarab) looks at the role of startup equity in retirement planning and cites CB Insights startup failure stats.