Image from advantagecap.com a leading VC firm with an Austin location at 900 S Capital of Texas Highway, 78746 in Las Cimas Center
According to "Austin Business Journal" (October 21-27, 2022 ppA8,) Venture capital funding is trending down in parallel with rising "interest rates, exit climate and uncertainty experienced this year." Local Q3 2022 deals were $701 million on 70 deals down from $850 million on 96 deals in Q2 2022 and from $1.1 billion on 103 deals Q3 2021. The top five deals were Founderpath $145 million, MicroTransponder $73 million, Happy Health $60 million, Form Bio $30 million and CrowdStreet $28 million. These trends mirror the national climate as "VC investment totaled just $43 billion last quarter, the lowest point in more than two years..."