Venture investors hit the brakes on productivity software

In the final days of the third quarter, it’s becoming clear that some areas of startup investment are losing luster. Declines are hardly surprising amid a more conservative venture capital market, a falling stock market, and global macroeconomic and geopolitical uncertainty. And still, even with large caveats, the pace of change in certain startup sectors appears material.
One category of startup investment that proved rock-solid quarter after quarter in recent years was business and productivity software, a cohort of companies that PitchBook groups under a single descriptor, allowing us

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