August 24, 2023
The startup seed deal landscape is changing — and not just because there are fewer deals
In the last quarter of 2021, there were 880 seed rounds on Carta's platform. In the second quarter of 2023, that number was cut in half to just 440 seed deals. It's indicative of the broader pullback in startupland, but seed deals have also mirrored a larger venture-capital trend: a geographic shift in where startups are raising capital.