Seattle Startup Funding Plummets 79% in Q1 2023 Amid National 45% Venture Capital Decline

Venture capital funding for Seattle-based startups hit a six-year low in Q1 2023 due to broader economic uncertainty and rising interest rates, with a 79% drop in capital raised locally and a national 45% decline. Startups face fewer deals, lower valuations, and more down or flat rounds, signaling a shift in investor urgency and funding strategies.

MMelinda Haughey