Corporate venture capital arms recorded a third consecutive quarter of reduced deployment into early-stage software-as-a-service startups. The pullback highlights a broader strategic pivot toward capital efficiency over top-line growth.
Valuation Compression
Median Series A valuations in the B2B software sector have declined 18% year-over-year. Institutional buyers now prioritize net revenue retention and burn multiple efficiency, squeezing founders who raised capital at peak multiples without reaching sustainable unit economics.