2025 global venture$501.1B

Who moved the money?

Global venture value recovered above $500B in 2025, while capital concentrated in fewer, larger AI-led rounds. This route separates market totals, regional flow, and selected firms.

Read KPMG global report
Global deal value$501.1B2025 full year
US deal value$320.0B63.8% of global value
Q4 global value$138.1B7,981 deals · KPMG
SignalFewer, largerAI-led concentration

Q4 2025 allocation

Where global capital landed.

Regional numbers use KPMG’s quarter-level universe. They should not be added to annual NVCA sector totals.

Americas$95.1B68.9% of Q4 global value
Asia$21.4B15.5% of Q4 global value
Europe$21.1B15.3% of Q4 global value

Firm directory

Selected global venture investors.

This orientation list links to official portfolios. Use the leaderboard for disclosed AUM and selected LP performance.

Open VC AUM leaderboard

One timeline · three markets

Capital, public risk, and Bitcoin.

Select an arrow marker to align its official timestamp across the three charts. Timing is context, not proof of causality.

COVID
Exact source precision

WHO characterizes COVID-19 as a pandemic

WHO’s media briefing marked the pandemic characterization; emergency policy easing followed.

Date
11 Mar 2020
Time
Date confirmed · briefing page has no UTC timestamp
Official source
Global venture$501.1B
2025 deal value · USD billions
S&P 500482.7Indexed level
Market cap$58.44T31 Dec 2025
2006 = 100 · year-end price index
Bitcoin$87.5KYear-end price
Market cap$1.75T31 Dec 2025
2025 year-end · log scale

S&P reference: Damodaran / NYU, official index at S&P DJI, and 2025 aggregate market value from S&P Market Attributes. Bitcoin price and market cap: Coin Metrics; market cap follows CapMrktCurUSD. Annual observations use the last available day of each calendar year.