According to CB Insights, 2022 saw fewer exits and venture deals than 2021.  Their State of Venture report showed that total venture funding in 2022 amounted to $415.1 billion, or 35% less than in 2021.

Also, according to the PitchBook-NVCA Venture Monitor report, deal count was stable, with 2022's estimated deal count approaching 2021's figure.  But a looking at quarterly data reveals that Q4 2022 had the lowest deal count, which doesn't necessarily bode well for 2023.

Despite what appear to disappointing statistics, we have good news!  

GoVenture believes that the BEST time to be investing in new businesses is during economic hard times.  As long as your project is looking good, GoVenture is there to help with capital injections to help you through difficult times.

We believe that start-ups that we are investing in will be very successful, one of them are:

IoT by Dero Mal

Problems:

As a result of using traditional storages, the vanilla farmers/curers face a problem of the beans molding during the final storage stage that is meant to last for 6 to 9 weeks. The traditional ways being deployed currently do not provide the required conditions (e.g. temperature and relative humidity) at storage hence leading to spoilage.

Idea:

A high-tech Internet of Things (IoT) based SMART vanilla storage at post-harvest.

GoVenture investments would enable them to build the product completely and start some of the services.