Venture is back, baby! But not really in the later stages and, oh, certainly not with the same ratings or cadence as 2021.
After more than six months of declining deal counts and venture activity, the pace of venture deals is picking up again. Multiple investors and attorneys told australiabusinessblog.com this week that they have begun to see deal activity ramp up since the summer unofficially ended on Labor Day.
Mike Brown, a general partner at Bowery Capital, said that while the numbers don’t match 2021 totals, it’s a big increase from the past few months. Latif Peracha, a partner at M13, agreed. “That first week after Labor Day was an incredibly vibrant week,” Peracha said. “Now it feels like we’re not only seeing more deal activity from an initial audit standpoint, we’re also seeing more interest in our businesses, which is a huge relief.”