$1.7bn invested in WorkTech in 1Q 2024, a 30% QoQ increase

The first quarter of 2024 kicked off with a 30% quarterly increase in VC funding, but deal volume remained flat. Revenue growth for most businesses slowed materially in 2023. So what are the most recent expectations for the coming quarters? In this report we explore what the Q1 numbers mean for the sector, what is the outlook for 2024 and 2025, how has M&A activity been developing, and what are latest valuation multiples and trends.