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Why venture fund sizes rose despite the slow market

One explanation is that fund managers expect to deploy the capital they raise over a longer period

Why venture fund sizes rose despite the slow market
Photo: Getty Images

The venture fundraising market is in the doldrums, except for one aspect of it — fund sizes.

The median venture fund raised in 2023 in the US jumped to $37.4m, up 44% from the median of $26m in 2022, according to the latest PitchBook-NVCA Venture Monitor report. That median size is at a high for the past decade.

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