Kyle Stanford

“US crossover deal value hit a record $220.9 billion across only 178 deals — a stark contrast to the 425 deals of Q4 2021's prior peak of $50.3 billion.”

“"These deals are unprecedented in size, and with that comes the need of large crossover investors to fill out the round." — Kyle Stanford, PitchBook Director of US VC Research”

“"Venture debt and private credit in VC-backed companies has shifted toward late stage because of the growth of AI and the need for debt financing for things like data centers or chips, which equity would be too expensive." — Kyle Stanford, Director of VC Research, PitchBook”