Pavilion Pulse Report: August 2023

The summer slowdown continues to live up to its name with the largest percentage of respondents reporting revenue for July 2023 as slightly below target, and naming July and August as the slowest months for growth.

Layoffs still loom, with almost 27% anticipating layoffs in the next six months (36% of those expect layoffs in October and 27% expect them in January 2024 or later).

However, 25% shared that August 2023 revenue will be slightly to significantly higher compared with summer 2022, and nearly 30% are reporting company growth of 30% or higher year-over-year. The funding and IPO markets are also starting to warm back up, with Klayvio filing for its S-1 and Apollo.io announcing a $100M Series D at a $1.6B valuation.