In August 2024, fundraising took a slight dip with volume dropping 4.1% MoM to $1.39 billion and deal count falling 4.2%. Despite this, early-stage deals surged by 17.3%, totaling $512 million. As the financial sector led fundraising and miners continued raising capital amidst rising energy costs, the broader market showed signs of cooling after a rapid spike earlier in the year. With potential rate cuts and the U.S. presidential election approaching, the rest of 2024 could provide clearer signals for market direction.
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