Market Conditions Update Q3 2023

Key Takeaways:
- High velocity investment firms largely remain on pause
- Deal activity stabilizing over past few quarters
- Median deal markup remains near 5-year lows
- Companies who raised waited over 1.5 years between rounds
- Over 275 growth stage companies potentially in the market to fundraise over the next year
- Market clears at the right valuation
Download the summary report here.





About The Growth Round Update
The Friends & Family Capital Growth Round Update features metrics that we track internally on companies raising capital at valuations ranging from $1 Billion to $10 Billion.
This is one of the assets we review with founders, CEOs, and CFOs in our network as they prepare for their growth rounds.
Download the summary report here.