The length of time it takes to successfully complete a seed funding raise has risen to fresh highs, new data has shown, underscoring the challenges facing startup founders as they look for sources of capital to grow their business.
The average duration of a $1m+ seed funding round rose to a staggering 3.3 years in 2024, data from Crunchbase shows, more than double the average length of time in 2014 as investors take longer to committing cash to startups.
Pre-seed funding rounds of over $250k fared better, with an average funding duration of 1.6 years, but this remains several months slower compared to a decade ago.
The professionalisation of early-stage funding is thought to be a major contributor to the elongated timelines, with mature VCs increasing rigour, scrutiny and due diligence on seed funding rounds. VCs shunning smaller seed rounds in search of bigger deals is thought to be another contributor….
Have you heard of RELX? A lot of people haven’t. A cursory browse of Google Trends suggests there is less “search interest” for RELX than virtually any ot
Irish technology consultancy Version 1 has pledged to invest £40m into the UK’s AI economy following a discussion with leaders of both countries. The i
This week’s UK tech funding deals include AI data intelligence platform Quantexa, biomaterials developer Epoch Biodesign and more. UKTN tracked £200.3m worth
The UK has everything it needs to lead the world in quantum computing. First-class scientific talent, a solid funding pipeline, groundbreaking companies and eve