There were 441 seed rounds recorded on Carta in the second quarter of this year, the slowest quarter for deal activity since early 2019.
Funding for early-stage startups leveled off in the second quarter of this year.
That has to do in part with a greater number of seed startups trying to raise extension rounds, multiple investors said.
Carta data shows the median seed valuation hit $13.7 million in the second quarter, which is significantly higher than any quarter prior to 2021.
"The founders that are raising seed rounds are raising them for decent cash and at decent valuations — healthy on both fronts," said Peter Walker at Carta.
Persons:
That's, Jenny Fielding, Fielding, Carta, Andreessen Horowitz, they're, Marlon Nichols, Lily Lyman, —, it's, Brian Sugar, Sugar, Peter Walker
Organizations:
Carta, Ventures, New, Sequoia, Greylock Partners, MaC Venture Capital, Fund, Sugar Capital
Locations:
New York, Boston, Carta