**Short answer: there is no clean growth or decline in this data. Deal counts fall steadily after January, and the dollar totals are dominated by one anomalous April.** The data covers only five months (January to May 2022), which is too short to call seasonality. The rendered query result shows these figures. **Deal volume: shrinking.** - Announced rounds go 115 (Jan), 96 (Feb), 98 (Mar), 95 (Apr), then 42 (May). - That is a mild decline from January to April, then a sharp drop in May. - May is probably not a real collapse. The card notes that May has misaligned or blank rows, and only 21 of its 42 rounds have a usable amount, against 83 to 108 in the other months. The May file is likely partial or messier. **Total funding: erratic, not a trend.** - Totals are about $4.10B (Jan), $3.49B (Feb), $2.85B (Mar), $45.3B (Apr) and $0.31B (May). - January to March drifts down by about 30%. - April is roughly 10 times any other month. That is almost certainly driven by a few very large rounds, or a parsing or currency artifact in the `Amount` text field, rather than a real surge. I did not check which rounds cause it. - May's low total reflects its incomplete data, not necessarily weak funding. **Typical deal size: rising, then flat.** - The median round is $5.45M (Jan), $6.0M (Feb), $11M (Mar), $30M (Apr) and $5.5M (May). - Medians are far less sensitive to a single huge round. They suggest the typical deal got larger from January to April, so the April total is not just one outlier. - May falls back to January levels, but with only 21 amounts that is a weak signal. **Interpretation.** If you leave out May because its data is incomplete, the picture is falling deal counts (115 to 95) alongside rising median ticket size ($5.5M to $30M). That points to fewer but larger rounds in early 2022. The total-dollar series is too distorted by April to show growth or shrinkage. Five months of data cannot support a seasonal conclusion. **Caveats.** - The `Amount` column is text, so the monthly totals depend on how it was parsed. - Drilling into April's largest rounds would show whether the $45B total is real.