Seattle-Area Startups Raise $1.5 Billion in Q1 2022 Amid U.S. VC Funding Slowdown from $95.4B Q4 2021

Seattle-area startups raised $1.5 billion in Q1 2022 across 112 deals, down from $2.7 billion in Q4 2021 but still higher than Q1 2021, amid a broader U.S. venture capital slowdown driven by inflation, interest rates, and geopolitical uncertainty. Despite lower funding levels, the venture capital market is experiencing a healthy recalibration with strong business models and significant dry powder available to support startups.