San Francisco startups weren’t immune to the tough times faced by their brethren across the nation in the first quarter.
San Francisco companies raised $7.4 billion in venture funding in the just-completed first quarter, according to the NVCA and PitchBook. That tally was up 13.8% from the amount city startups raised in the fourth quarter. By contrast, the amount of funding raised by startups across the country fell 9% over the same period.
San Francisco startups closed 270 venture deals in the first quarter, down 9% from the fourth quarter and 30% from the first quarter of last year. Nationwide, the number of venture deals fell nearly 17% from the fourth quarter to the first and 28% year over year.
Startups Anthropic Openai Microsoft Amazon
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