Compared to a year ago, startup valuations have dipped across the board, no matter if you’re a startup raising a seed round or a Series E. But there’s good news if you’re a growth-stage startup: Valuations for startups raising Series A, B and C rounds across the world ticked higher in Q1 2023 from Q4 2022, according to data from CB Insights. That said, it’s not looking good for early- and late-stage deals: valuations for angel, seed, Series D rounds and later-stage rounds are trending downwards globally. The Exchange explores startups, markets and money. Read it every morning