VC funding rebound not on the cards as market sentiment sinks

Total fundraising for venture capital in Europe in the first half of 2023 was €7 billion, the lowest since the first half of 2018

Ian Sigalow, co-founder, Greycroft. ‘We’re at a standstill right now in venture. It won’t last forever, but I think it has another year to 18 months to go.’ Picture: Christopher Goodney/Bloomberg

An expected rebound in venture capital (VC) funding has failed to materialise and it could be some time before the market bounces back, according to Ian Sigalow, co-founder and partner at Greycroft, a leading US VC firm.

Speaking at Irish Start-Up Week NYC earlier this month, Sigalow warned that while there had been expectations that funding for start-ups would resume in the second half of 2023, this hasn’t happened.

“We’re at a standstill right now ...