> ## Content Index
> Fetch the complete content index at: https://www.techloy.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# CHART: North American startup funding sees pockets of resilience despite 46% Q1 decline
- URL: https://www.techloy.com/north-american-startup-funding-q1-2023-decline/
- Published: 2023-04-15T08:18:10.000Z
- Updated: 2023-04-15T08:18:10.000Z
- Author: Acquah Nana Yeboah
- Tags: / Money, US Tech

North American startup investors have yet to stage a definitive comeback after experiencing four consecutive down quarters, but first-quarter numbers indicate pockets of resilience amidst a constrained funding climate.

The Q1 2023 figures showed North American funding had reached $46.3 billion, a 46% decrease from the same period last year. However, the amount included a [reported $10 billion investment into OpenAI](https://www.techloy.com/the-draft-how-microsofts-investment-into-openai-is-a-big-bet-on-ai/), largely from Microsoft, and [a $6.5 billion round for payments giant Stripe](https://www.techloy.com/stripe-new-funding-valuation-50-billion/).

Excluding those two large deals, Q1 2023 venture funding would have declined by over 60% from the same period in 2020\. In comparison to the past nine quarters, funding totals were charted across all stages, and it's clear that early-stage and seed-stage investments were both down quarter over quarter, along with reported deal counts. Additionally, a frozen IPO market and wilted public tech valuations have contributed to suppressing later-stage dealmaking.

This *Techloy* chart paints a better picture of how things are in the European venture space.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/04/European-VC-market.jpg)