**Short answer:** the dataset covers only January to May 2022, so it can show a short-run direction but not a seasonal pattern. Deal count trends down, and funding value is erratic with no clear trend. **Deal count: shrinking** - Announced rounds per month were 115 (Jan), 96 (Feb), 98 (Mar), 95 (Apr) and 42 (May) (step-0). - The decline from January to February is clear, then counts are roughly flat through April. - May looks like a partial or poorly captured month rather than a real collapse. The card notes some May rows are misaligned or blank, and only 21 of its 42 rounds have a usable amount. **Funding value: no reliable trend** - Total disclosed funding was about $4.10B (Jan), $3.49B (Feb), $2.85B (Mar), $45.3B (Apr) and $0.31B (May) (step-0). - January to March slides steadily, which fits the falling deal counts. - April's $45.3B is about 11 times January's, so I treat it as unreliable rather than a real boom. It rests on very large rounds, such as $5B and $2.5B and three at $1.2B, and on messy amount strings (step-1). These include European-style formats like "$11.700,000" and "$624.800,000", bare values like "$221.5" or "$23", and 10 rows marked "Undisclosed". Amount is stored as text, so any parse of these is shaky. - I did not check how step-0 handled the mis-formatted values, so I can't say how much of the April figure they distort. **Median round size: rising, with caveats** - The median disclosed round was $5.45M (Jan), $6M (Feb), $11M (Mar), $30M (Apr) and $5.5M (May) (step-0). - This is less sensitive to a few huge deals than the totals, and it rises through April. That suggests fewer but larger deals in March and April. - May reverts to $5.5M, but it rests on only 21 amounts. **Takeaways** - Fewer rounds are being announced each month, flat from February to April. - January to April shows a possible shift toward larger deals. - Seasonality can't be assessed from five months of one year. - The April total and the May figures need cleaning or a rerun before anyone relies on them.