State of Venture Capital 🏆

Thank You CB Insights for this stellar report.

📈 Venture Funding Rebounds Strongly

• Global VC funding surged to ~$469B in 2025, a ~47% increase year-over-year — the highest level since 2022. 

• But total deal volume declined (~17%), showing that capital is concentrating into fewer, larger rounds. 

🤖 AI Continues to Dominate

• AI companies raised $226B — ~48% of all venture funding, a record share of investment. 

• The largest rounds of 2025 were all AI-led (OpenAI, Anthropic, Scale, xAI, Databricks, Aligned). 

• This reflects a winner-take-all mindset, where investors are heavily backing leaders across the AI stack. 

🤖📦 Robotics & Physical AI on the Rise

• Robotics raised a record $40.7B, emerging as a leading tech sector alongside core AI software. 

• Physical AI that bridges algorithms and real-world systems is gaining investor attention — though questions remain around commercialization timelines. 

💰 Valuations Hit Stratospheric Levels

• The top 10 private companies now collectively exceed $2T in valuation. 

• AI leaders like OpenAI and Anthropic drove much of the increase, but strong non-AI companies (e.g., SpaceX, ByteDance, Stripe) also commanded high valuations. 

Read it all here: 💎💎