$27 billion up in smoke – that's how much cash the 3,200 startups that failed this year had raised, says PitchBook

Thu, 12/07/2023 - 23:54

Burning pile of money — Some 3,200 startups failed this year, according to PitchBook.
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Just over $27 billion in venture funding was raised by startups that failed this year, per NY Times.
That figure is close to the amount raised by startups in the third quarter of 2023, according to EY.
The cash burn figure excludes public companies and acquisitions.

Just over $27 billion in venture funding was raised by the 3,200 startups that failed in 2023, The New York Times reported, citing figures from startup tracker PitchBook.