New data from Preqin Ltd. suggests that venture capital funding for tech startups continues to decline. In Q4 2022, venture firms raised $20.6 billion in new funds, a 65% drop from the same quarter in 2021 and the lowest amount since 2013. This also marks the first time in over a decade that fundraising volumes decreased from the third to fourth quarter. Based on this, it’s now more important than ever for startups and scaleups to focus on increasing efficiency and financial control. Funded startups should prioritize doing more with less, saving time, and spending time on more valuable activities to appeal to their investors.
NetSuite and other solutions can help in these areas, providing valuable tools to improve efficiency and financial management. By making smart investments in automation technology and streamlining operations with Cloud ERP, startups can help ensure that they’re making the most of their funding and setting themselves up for long-term success. Investors have more visibility on the performance and return of their investment. Download this ebook to find out how to adopt a unified platform of financials to accelerate your operational efficiency to make the most for the venture investors.
Hear the success story of AMPD’s scale-up story and how they enjoyed the advantage of business optimisation on NetSuite’s cloud ERP for their global expansion.
At ONE Pacific, we worked with startups from fintech, energy, medical, electronics, IoT, etc to to improve business efficiency and cost-effectiveness with data-driven decision-making capability through real-time visibility of the businesses by the management and users.
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