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The venture market remains challenged in the first quarter of 2024 amid macroeconomic crosscurrents and the rate of down rounds continuing to rise. Even so, there are some positives including healthy levels of innovation happening and an upward trend in seed valuations. IPO markets are on track for a phased reopening with levels remaining light relative to historical averages. Further recovery of exit markets will be key for reigniting and normalizing activity earlier in the venture cycle.

In the newest PitchBook-NVCA Venture Monitor report, Ginger Chambless, Head of Research for Commercial Banking, and other J.P. Morgan experts explore the complex venture landscape and what founders and investors may see ahead. The article addresses several key topics, including:

  • The outlook for interest rates
  • Uptick in exit market activity
  • Late- and early-stage challenges 
  • Importance of diverse and emerging managers

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.