LONDON — Venture capital funding for startups based in the United States tumbled in the first nine months of the year, according to data and insights company GlobalData.
A total of 8,142 funding deals were announced during the period, totaling $160.1 billion, marking a 23% decline in deals volume and a 33% decline in funding value when compared to the same period of the previous year. Total funding value increased in September, up 19% to $11.9 billion from $10 billion in August, despite a 13% decline in deals volume when compared to the previous month. Big-ticket investments in September included $310 million in Series E funding raised by indoor farming operator Gotham Greens. Additionally, True Food Kitchen, a restaurant and lifestyle brand with 42 locations in 17 states, raised more than $100 million in funding to support accelerated growth. Smaller food and beverage deals occurring in September included a Series A funding for sparkling water brand Aura Bora, a $13 million Series A funding round for Japanese-inspired sauce maker Bachan’s, and a $3 million seed funding round for condiment startup Red Clay Hot Sauce.