GPCA markets are searching for a new normal. After an unprecedented wave of activity during COVID-19, venture capital (VC) deal value and count fell for the second straight year in 2023. As startup valuations and deal activity stabilize, experienced fund managers across global markets remain well capitalized and positioned to back startups with strong unit economics and a path towards profitability.

GPCA’s annual Trends in Global Tech report traces VC flows across Africa, India, China, Southeast Asia, Latin America, Central & Eastern Europe and the Middle East. This report highlights common investment themes across GPCA markets, as well as notable transactions at a time of continued market adjustments amidst a shifting geopolitical landscape.

GPCA Members can log in to download the accompanying Data Pack for 2023 VC fundraising and disclosed fund closes; exit totals and highlighted exits; disclosed investments over USD5m, sortable by stage, sector and HQ; as well as most active investors, fastest growing sectors, stage analysis and more.