# Startup ecosystem year in review

2023 was a tumultuous year for startups, requiring companies to build resilience. What will 2024 bring? Find out in our 2023 year-in-review and 2024 outlook.

**URL Source:** https://www.brex.com/resources/startup-ecosystem-year-in-review

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STARTUPS

2023 year in review and 2024 outlook.

[Download PDF](https://brand.brex.com/m/24784380ceda2564/original/Startup-review-2023.pdf)

### Illo

![2023-startups-review-illo](https://brand.brex.com/transform/523d8994-f68d-458d-9855-287c54b99790/2023-startups-review-illo)

### A word from our Head of Startups.

### Q1 ‘23

### Q1 ‘23: What happened.

### Q1 ‘23: What we saw in the data.

### Q1 ‘23: Our POV.

### Q2 ‘23

### Q2 ‘23: What happened.

### Q2 ‘23: What we saw in the data.

### Q2 ‘23: Our POV.

### Q3 ‘23

### Q3 ‘23: What happened.

### Q3 ‘23: What we saw in the data.

### Q3 ‘23: Our POV.

### Q4 ‘23

### Q4 ‘23: What happened.

### Q4 ‘23: What we saw in the data.

### Q4 ‘23: Our POV.

### 2024 outlook: Optimism grounded in reality.

### About Brex.

### Meet our data scientist.

### Methodology and privacy.

### Image

![Closed-loop-dark](https://brand.brex.com/transform/d2f2341f-92ea-4983-a67d-417a52921900/Closed-loop-dark)

### Content

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