GITNUXREPORT 2025

Venture Capital Industry Statistics

Venture capital surged globally in 2022, emphasizing tech, healthcare, and late-stage investments.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Early-stage startups received 45% of all venture capital funding in 2023

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The median pre-money valuation of Series A startups was $30 million in 2023

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The median seed funding round was $2 million in 2023, a slight increase from 2022

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Seed stage investments represent about 18% of total venture capital funding in 2023

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Over 70% of VC investments in 2023 went to Series B and later-stage startups, indicating a focus on scaling companies

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The median size of a funding round in 2023 was $10 million, up from $7 million in 2020, signaling larger investments per round

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The median ownership stake taken by VCs in Series A rounds was around 20%, indicating dilution levels faced by founders and early investors

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The average follow-on investment in subsequent funding rounds is approximately $15 million, indicating significant investor commitment post-initial funding

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The median age of startups receiving venture capital funding is around 4 years, suggesting a preference for slightly more mature companies

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The proportion of late-stage VC investments (Series B and beyond) has grown to 60% of total VC funding in 2023, reflecting focus on scaling

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The global venture capital investment reached $338 billion in 2022, a 60% increase from 2021

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In 2022, fintech startups attracted the highest share of venture capital funding, accounting for 20% of total investments

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The average size of a VC fund increased to $180 million in 2023, up from $125 million in 2020

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The number of active VC funds has increased by over 25% from 2020 to 2023

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COVID-19 pandemic accelerated digital health startups by 35% in investment activity in 2021

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The average valuation of unicorn startups (over $1 billion) increased to $4.2 billion in 2023

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Venture capitalists invest approximately 40% of their portfolio in technology startups

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The total number of unicorns globally surpassed 1,200 in 2023, an increase of over 150 from the previous year

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Venture capital funding in Europe hit $40 billion in 2022, a significant increase from $25 billion in 2020

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The number of VC deals closed globally reached around 12,500 in 2022, a slight decline from previous years

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Despite economic uncertainties, the proportion of repeat entrepreneurs receiving VC funding increased to 35% in 2023, indicating their growing importance

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Corporate venture capital (CVC) investments accounted for about 15% of total VC investments in 2023, showing increased corporate interest in startups

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The majority of VC investments (approximately 65%) are made during the first half of the year, reflecting seasonal investment patterns

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Venture capital firms are increasingly investing in sustainability-related startups, with clean tech and renewable energy receiving over $2 billion combined in 2023

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Due to inflation, the average deal size has increased by approximately 15% over the past two years, from $8.5 million in 2021 to about $9.8 million in 2023

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The amount of capital allocated toward AI and Machine Learning startups increased by 50% from 2022 to 2023, reflecting growing technological interest

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The number of startups that achieve unicorn status for the first time each year has averaged around 150 over the past five years

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European VC firms are increasingly syndicating investments with US funds, with co-investments rising by 25% in 2023

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New investment in automotive technology startups reached $1.8 billion in 2023, up 20% from 2022, indicating a rising interest in mobility innovation

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The United States accounts for approximately 51% of total global venture capital investment as of 2023

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Healthcare and biotech sectors combined received over 30% of total VC funding in 2022

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Silicon Valley still dominates the VC scene with over 40% of total investments in 2022

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Asia-Pacific region accounted for approximately 27% of global VC funding in 2023

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Female-led startups received less than 3% of total VC funding globally in 2023

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The top five countries receiving VC funding in 2023 are the US, China, India, the UK, and Germany, in that order

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Blockchain and Web3 startups attracted approximately $4 billion in VC funding in 2022, making up around 1% of total global investment

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The top five sectors by VC funding in 2023 are technology, healthcare, consumer services, fintech, and industrials, in that order

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Angel investors contribute approximately 15% of total early-stage funding globally, with notable growth in emerging markets

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About 55% of VC investments in 2023 were concentrated in the top 10 geographic regions, illustrating geographic distribution trends

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The proportion of VC funding allocated to SaaS companies has increased to nearly 35% in 2023, signifying sector growth

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The average VC fund lifespan is estimated at about 10 years, with a typical fund returning an internal rate of return (IRR) of 20-30%

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The median time to exit for VC-backed startups is approximately 7 years

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There was a record number of IPOs for VC-backed startups in 2021, with over 300 firms going public

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The median time from initial funding to exit for VC-backed startups is approximately 8 years

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The global VC-backed startup survival rate at the 5-year mark is estimated to be around 45%, reflecting the challenges startups face post-investment

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The rate of VC fund returns exceeding 25% IRR has fallen to about 10% in recent years, compared to over 20% in 2018, due to market conditions

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The median time startups remain in the portfolio before an exit is approximately 4.5 years, indicating relatively quick turnaround times

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The percentage of VC-backed startups that go on to IPO within 10 years is estimated at around 20%, highlighting the high-risk nature of venture capital

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The global VC exit value totaled approximately $200 billion in 2022, a record high, driven by IPOs and acquisitions

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Data on VC-backed startups shows a higher survival rate in the U.S. compared to Europe and Asia, with the U.S. rate around 55% at 5 years

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Key Highlights

The global venture capital investment reached $338 billion in 2022, a 60% increase from 2021
The United States accounts for approximately 51% of total global venture capital investment as of 2023
In 2022, fintech startups attracted the highest share of venture capital funding, accounting for 20% of total investments
Early-stage startups received 45% of all venture capital funding in 2023
The median pre-money valuation of Series A startups was $30 million in 2023
Healthcare and biotech sectors combined received over 30% of total VC funding in 2022
The average size of a VC fund increased to $180 million in 2023, up from $125 million in 2020
Silicon Valley still dominates the VC scene with over 40% of total investments in 2022
Asia-Pacific region accounted for approximately 27% of global VC funding in 2023
Female-led startups received less than 3% of total VC funding globally in 2023
The average VC fund lifespan is estimated at about 10 years, with a typical fund returning an internal rate of return (IRR) of 20-30%
The number of active VC funds has increased by over 25% from 2020 to 2023
The median time to exit for VC-backed startups is approximately 7 years

Despite a record-breaking $338 billion global VC investment in 2022 and increased focus on later-stage and sector-specific funding, the venture capital industry continues to evolve rapidly with rising fund sizes, technological emphasis, and regional shifts, shaping the future landscape of startup funding worldwide.

Funding Stages and Startup Lifecycle Metrics

Early-stage startups received 45% of all venture capital funding in 2023
The median pre-money valuation of Series A startups was $30 million in 2023
The median seed funding round was $2 million in 2023, a slight increase from 2022
Seed stage investments represent about 18% of total venture capital funding in 2023
Over 70% of VC investments in 2023 went to Series B and later-stage startups, indicating a focus on scaling companies
The median size of a funding round in 2023 was $10 million, up from $7 million in 2020, signaling larger investments per round
The median ownership stake taken by VCs in Series A rounds was around 20%, indicating dilution levels faced by founders and early investors
The average follow-on investment in subsequent funding rounds is approximately $15 million, indicating significant investor commitment post-initial funding
The median age of startups receiving venture capital funding is around 4 years, suggesting a preference for slightly more mature companies
The proportion of late-stage VC investments (Series B and beyond) has grown to 60% of total VC funding in 2023, reflecting focus on scaling

Funding Stages and Startup Lifecycle Metrics Interpretation

In 2023, venture capitalists appeared to favor the journey from seed to scale, investing nearly half into early-stage startups with modest valuations, but funnelling over 70% of their pour into mature companies, and funding rounds grew larger on average—underscoring a cautious optimism that values experience and scalability over early-stage risk.

Market Investment Trends and Valuations

The global venture capital investment reached $338 billion in 2022, a 60% increase from 2021
In 2022, fintech startups attracted the highest share of venture capital funding, accounting for 20% of total investments
The average size of a VC fund increased to $180 million in 2023, up from $125 million in 2020
The number of active VC funds has increased by over 25% from 2020 to 2023
COVID-19 pandemic accelerated digital health startups by 35% in investment activity in 2021
The average valuation of unicorn startups (over $1 billion) increased to $4.2 billion in 2023
Venture capitalists invest approximately 40% of their portfolio in technology startups
The total number of unicorns globally surpassed 1,200 in 2023, an increase of over 150 from the previous year
Venture capital funding in Europe hit $40 billion in 2022, a significant increase from $25 billion in 2020
The number of VC deals closed globally reached around 12,500 in 2022, a slight decline from previous years
Despite economic uncertainties, the proportion of repeat entrepreneurs receiving VC funding increased to 35% in 2023, indicating their growing importance
Corporate venture capital (CVC) investments accounted for about 15% of total VC investments in 2023, showing increased corporate interest in startups
The majority of VC investments (approximately 65%) are made during the first half of the year, reflecting seasonal investment patterns
Venture capital firms are increasingly investing in sustainability-related startups, with clean tech and renewable energy receiving over $2 billion combined in 2023
Due to inflation, the average deal size has increased by approximately 15% over the past two years, from $8.5 million in 2021 to about $9.8 million in 2023
The amount of capital allocated toward AI and Machine Learning startups increased by 50% from 2022 to 2023, reflecting growing technological interest
The number of startups that achieve unicorn status for the first time each year has averaged around 150 over the past five years
European VC firms are increasingly syndicating investments with US funds, with co-investments rising by 25% in 2023
New investment in automotive technology startups reached $1.8 billion in 2023, up 20% from 2022, indicating a rising interest in mobility innovation

Market Investment Trends and Valuations Interpretation

Despite economic headwinds, the venture capital landscape is booming—surging to $338 billion in 2022 with fintech dominating a fifth of the pie, unicorns soaring past 1,200 valued at over $4.2 billion, and AI investments increasing by 50%, all while seasoned repeat entrepreneurs and European-US syndicates double down on innovation in tech, health, and clean energy.

Regional and Sectoral Distribution of Venture Capital

The United States accounts for approximately 51% of total global venture capital investment as of 2023
Healthcare and biotech sectors combined received over 30% of total VC funding in 2022
Silicon Valley still dominates the VC scene with over 40% of total investments in 2022
Asia-Pacific region accounted for approximately 27% of global VC funding in 2023
Female-led startups received less than 3% of total VC funding globally in 2023
The top five countries receiving VC funding in 2023 are the US, China, India, the UK, and Germany, in that order
Blockchain and Web3 startups attracted approximately $4 billion in VC funding in 2022, making up around 1% of total global investment
The top five sectors by VC funding in 2023 are technology, healthcare, consumer services, fintech, and industrials, in that order
Angel investors contribute approximately 15% of total early-stage funding globally, with notable growth in emerging markets
About 55% of VC investments in 2023 were concentrated in the top 10 geographic regions, illustrating geographic distribution trends
The proportion of VC funding allocated to SaaS companies has increased to nearly 35% in 2023, signifying sector growth

Regional and Sectoral Distribution of Venture Capital Interpretation

Despite US commanding over half of global VC investments and Silicon Valley's dominance, a mere 3% flow to female-led startups and blockchain's modest 1% highlights that innovation still struggles with gender and disruptive frontier biases amid rising SaaS and healthcare funding.

Venture Capital Performance and Exit Outcomes

The average VC fund lifespan is estimated at about 10 years, with a typical fund returning an internal rate of return (IRR) of 20-30%
The median time to exit for VC-backed startups is approximately 7 years
There was a record number of IPOs for VC-backed startups in 2021, with over 300 firms going public
The median time from initial funding to exit for VC-backed startups is approximately 8 years
The global VC-backed startup survival rate at the 5-year mark is estimated to be around 45%, reflecting the challenges startups face post-investment
The rate of VC fund returns exceeding 25% IRR has fallen to about 10% in recent years, compared to over 20% in 2018, due to market conditions
The median time startups remain in the portfolio before an exit is approximately 4.5 years, indicating relatively quick turnaround times
The percentage of VC-backed startups that go on to IPO within 10 years is estimated at around 20%, highlighting the high-risk nature of venture capital
The global VC exit value totaled approximately $200 billion in 2022, a record high, driven by IPOs and acquisitions
Data on VC-backed startups shows a higher survival rate in the U.S. compared to Europe and Asia, with the U.S. rate around 55% at 5 years

Venture Capital Performance and Exit Outcomes Interpretation

While the VC industry’s decade-long cycle and a 45% five-year survival rate underscore its enduring resilience and ambition, the declining IRR and only a one-in-five chance of IPOs within a decade remind investors that in the venture capital game, high returns are the exception—and patience is paramount.