So far, there have been 491 venture capital deals in payments for the first half of 2022. That count isn’t keeping pace with the ultimate total count for last year when 1,433 deals were closed, according to PitchBook data. The dollar amount is also off, with just $16.93 billion raised for the first half of this year, compared to $32.2 billion for all of last year.
PitchBook attributed a decline in investment exits so far this year to the dramatic slowdown in initial public offerings. Last year, payments companies tallied $81.6 billion in exits, moving at a much faster pace than the $1.47 billion in exits for the first half of 2022.
