KUALA LUMPUR (March 2): Global venture funding announcements and disclosures slowed dramatically following Russia’s invasion of Ukraine.

In a report on Tuesday (March 1), Crunchbase — which tracks trends, investments and news of global companies from start-ups to the Fortune 1000 — said since last Thursday, when the attack commenced, just 154 companies across the globe had revealed a seed, early- or late-stage venture investment of disclosed size.

It said altogether, those rounds totalled US$3.65 billion (about RM15.3 billion).

Crunchbase said that worked out to an average of US$912 million invested across 39 rounds per weekday.

It said while those were not tiny numbers, they were rather diminutive in comparison to what "we’ve seen previously".

“For the first 23 days of February, for instance, companies announced US$30.68 billion in seed through late-stage funding globally.

“That worked out to over US$1.9 billion per weekday — more than double what we saw post-attack,” it said.

Crunchbase noted that round counts had also fallen precipitously.

It said prior to the attack, there were 1,284 disclosed rounds.

That was an average of 80 per weekday, more than double the average for the past four weekdays.

It added that the slowdown in funding announcements in recent days, however, does not necessarily mean start-ups are not raising capital.

It could just mean that they have decided now is not the best time to announce new rounds.