Name: Investment volume and launch supply have diverged since 2020
Creator: Kingscrowd

Kingscrowd market intelligence

Investment volume and launch supply have diverged since 2020

H1 combined investment volume and tracked launches indexed to 2020 = 100

VOLUME + LAUNCHES

Investment volume remained above 2020 levels even as launch counts fell below them.

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Period or category	Investment volume	Launches
2020	100	100
2021	246	163
2022	244	164
2023	182	171
2024	156	158
2025	283	130
2026	204	90

Lens: VOLUME + LAUNCHES (FLOW + LAUNCH). Source: Kingscrowd data. Generated 2026-07-20. Investment volume is gross activity recorded by date and may include commitments later revised, canceled, refunded, or reclassified. Descriptive indexed comparison only. It does not establish causation.