The primary half of 2022 broke fundraising data at VC corporations, however on the identical time, just about everybody we spoke to anticipated fundraising to gradual to a trickle by the tip of the yr. And whereas it’s slowing down, fundraising can be getting actually bizarre.
By bizarre, I imply largely unpredictable. Based on Kari Harris, an lawyer targeted on agency fundraising at Mintz, whereas fundraising stays comparatively wholesome general — GPs nonetheless have the higher hand in negotiations with LPs, which, to her, is an effective signal — it’s slowed for a lot of.
“I’ve seen an extension within the time period from launch to preliminary fund shut,” Harris stated. “It’s taking longer for funds to get raised.”
PitchBook knowledge backs up Harris’ assertion. Kyle Stanford, a senior analyst at PitchBook, informed me that fundraising knowledge by means of August signifies that fundraising in Q3 will probably be decrease than Q2, which marked a steep drop from Q1.
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