Ecommerce deal making in 2023 and the third quarter slowed from previous years, says data from Pitchbook.com. But even though the volume and value of deals did slow, there were still some significant deals struck.

In the third quarter there were 93 deals completed, totaling $1.6 billion, a significant 68% decrease from the previous year. Despite the downturn in deals completed, several notable transactions did take place. Builder, an AI-powered application development platform, raised $250 million, and ThoughtSpot, an analytics platform, raised $124.0 million. Tradeshift also raised $70.0 million in August to build source-to-pay software for B2B ecommerce, says Pitchbook.

Here is the breakdown of ecommerce commerce deals — and the value — over the past several years, according to Pitchbook.com.

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