A down quarter with an asterisk

After Q4’s record $10.9 billion Work Tech investment, Q1 was going to be hard-pressed to beat that number — and it didn’t. When the books closed on Q1 2022, Work Tech investment was down 23% to $8.209 billion, which ended a streak of eight quarter-to-quarter Work Tech investment increases. Still, Q1 2022 was the second-best Work Tech investment quarter of all time, and a 91% increase from Q1 2021. And with the deals closed year-to-date, 2022 has already surpassed 2020 for the second-best Work Tech investment quarter ever. Music by Bonkers Beat Club, “Fifteen on Me.”