Financial TimesFinancial Times

Silicon Valley braces for the worst as funding dries up

By Tabby Kinder

26 Jun 2023 · 3 min read

Editor's Note

Venture capital firms are falling well below their fundraising targets, leaving many start-ups cash-strapped. The FT's Tabby Kinder has the story.

Clear evidence of just how tough venture capital land is getting emerged this month with setbacks for two high-profile industry firms.

After nearly a year of marketing new, multibillion-dollar funds, both Insight Partners and Tiger Global have failed to reach near anywhere near their targets. After an already dismal year, it was a particularly painful augury for venture capital and start-ups.

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