Venture funding for supply chain tech increased sequentially and year over year in Q3, and the number of deals dropped, per PitchBook.
By the numbers: The third quarter saw $3 billion invested across 154 deals.
- There were 158 deals in Q2 and 198 deals in Q1, and each quarter saw $2.4 billion in deal value.
The big picture: Trade and tariff concerns eased somewhat, prompting investors to return to dealmaking, PitchBook senior research analyst Jonathan Geurkink wrote in a report.
What they're saying: "The dynamics you see in supply chain technology investing mirror the broader venture capital markets, where multi-stage firms are investing in fewer companies, but those investments are part of larger rounds," Schematic Ventures general partner Julian Counihan says.
Yes, but: "I wouldn't describe that as a sort of increase or a return to focus in this particular category," Counihan tells Axios Pro.
- "Tourists who piled in in 2020 have left," he says.
- "When you see deal count down, I think that still reflects a recovering category, given we should be seeing more investments at the early stage."
Go deeper: Logistics M&A value soars amid a handful of big-ticket deals
