Overall, Q3 2024’s funding was significantly beneath that delivered by Q3 2023, north of $2.56 billion across 30 rounds. The older period’s average round size was $85.43 million, in excess of three times more than the average for 2024’s third quarter. Despite the decrease, Q3 2024 didn’t lack encouraging funding takeaways, including the mentioned strong showing between mid-August and mid-September, TickPick’s noted quarter-billion-dollar raise, and others.
Source: Music Industry Funding Fell in Q3 ’24 Despite Some Positive Signs