US enterprise SaaS VC investments took another step-down in Q3 2023, falling to a low of $6.6 billion. This was a decline in value of 28.5% QoQ from Q2’s $9.2 billion, which we were cautiously optimistic about at the time. Instead, this quarter represents a new recent low for disclosed enterprise SaaS investment—the lowest since the pre-pandemic quarters of 2018.