01 Industry overview
The venture industry at a glance
Global venture-capital investment reached $728.3 billion in the first nine months of 2026, driven by AI megadeals and increasingly concentrated in fewer, larger transactions.
- $728.3B[25]
- Global investment, 9M 2026
- $320.0B[4]
- U.S. investment, 2025
- 82.7%[4]
- AI share of Q3 deal value
- 32.9%[45]
- Top-ten fund share, 2025
- Market size
- Global VC investment exceeded $500 billion in 2025, up from $391.9 billion in 2024. In the United States, venture-backed companies received $320.0 billion across 15,352 deals in 2025.[25][4]
- Market share & regions
- The Americas remained the largest regional market through Q3 2026, supported by sustained U.S. activity. The United States accounted for 57% of worldwide venture deal value in 2024, according to NVCA and PitchBook.[25][4]
- Segmentation
- The industry is segmented by funding stage, including seed, early stage, late stage and venture growth, and by sector. In Q1 2026, median U.S. Series A deal size was $19.6 million, while median Series C deal size was $75 million.[4]
- Key players & concentration
- Fundraising is highly concentrated: the ten largest U.S. venture funds captured $22 billion, or 32.9% of traditional VC fundraising, in 2025. First-time funds captured approximately 4.5% of U.S. VC fundraising through Q3 2026.[45][4]
- Pricing
- Startup pricing rose sharply at later stages in early 2026. Median Series A pre-money valuation reached $62 million in Q1 2026, while median Series C pre-money valuation reached $579 million.[4]
- Trends, drivers & challenges
- AI and AI infrastructure were the dominant growth drivers: AI represented 82.7% of Q3 2026 U.S. deal value. At the same time, limited exit opportunities, geopolitical uncertainty and a shortage of liquidity continued to constrain fundraising and broaden the gap between large funds and emerging managers.[4][25]
- Consumer behavior & competition
- Competition is shifting toward AI foundation models, AI infrastructure and specialized applications, while investors are concentrating capital in fewer companies. KPMG reported that AI remained the dominant global investment theme through Q3 2026, although attention broadened beyond consumer applications and foundation models.[25]
- M&A
- Global private-equity and venture-capital firms announced 1,504 exits in the first half of 2026, down 6% from 1,601 in the first half of 2025. In the United States, venture exits generated $297.6 billion across an estimated 1,635 exits in 2025.[11][4]
- Regulation
- In the United States, Regulation Crowdfunding permits eligible companies to raise up to $5 million in a 12-month period. Offerings must be conducted through an SEC-registered broker-dealer or funding portal and require specified disclosures.[31]
- Latest news
- The latest global data available through November 10, 2026 show $170.9 billion of VC investment in Q3 2026 and $728.3 billion through the first nine months of the year. KPMG identified AI megadeals and AI infrastructure as the principal forces behind the surge.[25]
Worldwide venture capital investment received by firms headquartered worldwide
Worldwide venture capital investment received by firms headquartered worldwide grew from $319.2B in 2019 to $354.1B in 2024.
02 Trends & forecasts
Top 10 Venture Industry Trends & Forecasts 2027
What is changing in the venture industry, with the evidence behind each trend and a forecast for 2027.
Forecasts were generated by an AI model from the cited evidence. They are estimates, not guarantees.
01Mega-deals capture more venture capital
High confidenceGlobal VC investment reached $170.9 billion across 8,341 deals in Q3 2026 and $728.3 billion in the first nine months. The surge was driven by large AI financings, indicating that deal value is rising faster than broad deal participation.[25]
Forecast 2027: In 2027, headline investment should remain elevated, but a disproportionate share will continue to come from a small number of $1 billion-plus AI and infrastructure rounds. Underlying deal counts are likely to grow more slowly than total capital.
02AI remains venture’s dominant sector
High confidenceAI accounted for 82.7% of U.S. venture deal value through September 2026, the highest annual share in the NVCA-PitchBook dataset. In 2025, AI already represented 65.4% of U.S. venture deal value.[4]
Forecast 2027: AI should remain the largest venture investment category in 2027, although its share is likely to moderate as capital spreads into adjacent infrastructure, defense, energy and specialized applications.
03AI infrastructure broadens the investment funnel
High confidenceU.S. investors in Q3 2026 increasingly targeted compute, semiconductors, data centers, energy generation, advanced manufacturing, robotics and defense in addition to models and applications. KPMG also identified AI infrastructure as a principal driver of the 2026 global funding surge.[25]
Forecast 2027: In 2027, infrastructure companies should capture a larger proportion of non-model AI funding, especially where they address compute capacity, power availability, data movement or industrial deployment constraints.
04Corporate venture capital gains influence
High confidenceCorporate venture capital-participating investment reached $532.8 billion year-to-date in 2026, already surpassing the previous annual record. In 2025, CVC-participating U.S. deals totaled $196.7 billion, while the number of confirmed CVC deals was nearly half the 2021 count.[25][4]
Forecast 2027: CVC should remain a major source of late-stage and strategic capital in 2027, with corporations concentrating on fewer companies that provide access to AI capabilities, supply chains, data or specialized technology.
05Venture fundraising remains below deployment
High confidenceU.S. venture funds raised $67.0 billion across 585 funds in 2025, down 34.3% in capital and 42.6% in fund count from 2024. NVCA described the result as roughly back within the pre-2020 fundraising range despite much stronger investment activity.[4]
Forecast 2027: Fundraising should improve selectively in 2027, but it is unlikely to match deployment unless exits and LP distributions strengthen materially. Large, proven managers will continue to close funds more reliably than the broader market.
06Fundraising concentration intensifies
High confidenceThe ten largest U.S. venture funds captured 32.9% of all VC capital raised in 2025, up from 13% in 2021. Funds of at least $500 million captured more than 60% of LP commitments.[4]
Forecast 2027: In 2027, LP commitments should remain concentrated in large vehicles with established performance records, while smaller generalist funds will need narrower strategies, stronger differentiation or strategic partnerships to compete.
07First-time managers face a shrinking market
High confidenceOnly 101 first-time U.S. funds were formed in 2025, down from 457 in 2021. Through Q3 2026, first-time funds captured approximately 4.5% of U.S. VC fundraising, while firms raising a fourth fund or later captured 88.2%.[4]
Forecast 2027: The first-time-manager share of fundraising is likely to remain low in 2027. New firms should gain limited traction mainly in specialist areas such as defense, climate infrastructure, biotech or applied AI.
08Later-stage valuations stay elevated
Medium confidenceThe 2025 U.S. market was dominated by larger late-stage and venture-growth financings: late-stage deal value rose 45.4% year over year and venture-growth deal value rose 131.1%. NVCA also reported 487 U.S. mega-deals of at least $100 million, representing 67% of total deal value.[4]
Forecast 2027: Pricing should remain firm for companies with exceptional AI growth, strategic relevance or infrastructure scarcity in 2027. Valuation dispersion will widen, with weaker companies facing flat or down rounds despite strong headline pricing at the top end.
09Secondary markets become core liquidity
High confidenceNVCA reported more than $100 billion of secondary-market volume in 2025, while KPMG said secondaries were increasingly viewed as a core liquidity option for companies remaining private longer. The trend reflects limited public listings and prolonged holding periods.[4][25]
Forecast 2027: Secondary transactions should expand further in 2027, providing liquidity to employees, early investors and LPs without requiring a full IPO or acquisition. Pricing transparency and dedicated secondary funds are likely to improve.
10Exit recovery remains uneven
High confidenceU.S. venture-backed exits totaled $217.1 billion across 1,463 deals in 2025, more than double the prior year but still insufficient to clear the private-company backlog. In Q3 2026, only 18 U.S. companies went public while 992 active unicorns had a combined valuation of $5.7 trillion.[4]
Forecast 2027: Exit value should remain stronger in 2027 than during the 2022–2024 downturn, but the recovery will be selective. AI, defense and infrastructure companies are likely to lead IPO activity, while many software and consumer companies remain acquisition or secondary candidates.
03 Statistics
Technology & Innovation
AI in the venture industry
- AI represented 7.5% of global venture-backed exits in 2025, up from 4.9% in 2024.[1]
- $2.4 billion went to Canadian AI companies in 2025, representing 53% of all capital tracked in the Deal Points report.[2]
- 75% of global AI venture deal value, or approximately $194 billion, went to U.S. firms in 2025.[3]
- AI's share of U.S. venture deal value rose from 10.1% in 2015 to 65.4% in 2025.[4]
- $35.3 billion went to generative-AI firms globally in 2025, representing about 14% of AI venture investment.[3]
- 61% of global venture capital investment, or $258.7 billion, went to AI firms in 2025.[3]
Automation in the venture industry
- $91 million was raised by Amp Robotics in a Series D financing for automated recycling systems.[5]
- $75 million was raised by warehouse-robotics company Tutor Intelligence in a 2026 Series B round.[5]
- 17,500-plus robotics companies were covered in the IEEE Global Robotics Industry Funding Report 2025.[6]
- Robotics venture investment grew from roughly $200 million in 2014 to as much as $3 billion in 2024.[7]
- $403 million was raised by a robotics startup in a 2025 Series A and extension financing, according to Crunchbase data.[8]
- 63 construction-technology robotics companies tracked by Nymbl Ventures had raised approximately $5.4 billion cumulatively through 2025.[9]
Digital Transformation in the financial services sector (sector benchmark)
- 26% of financial services firms reported using agentic AI in 2026, according to a global digital-transformation study.[10]
- 27% of financial services firms reported financial benefits from AI in 2026, up from 14% in 2025.[10]
- 43% of financial services firms said they will need an entirely new technology stack to succeed in the age of AI.[10]
- 80% of financial services firms reported active AI use in 2026, up from 31% in 2025.[10]
- 84% of financial services firms said integrating front-, middle- and back-office systems into one platform is important in 2026.[10]
Technology Adoption in the financial services sector (sector benchmark)
- About one-third of financial services companies reported using generative AI by January 2025, compared with 21% a year earlier.[11]
- 35% of financial institutions adopted or improved generative-AI capabilities during the 12 months covered by the 2024 survey.[12]
- 59% of finance leaders reported using AI in their finance function in 2025, according to Gartner’s survey of 183 senior finance leaders.[13]
- 54% of surveyed financial services companies had deployed AI initiatives by January 2025, up from 40% one year earlier.[11]
- 61% of financial institutions recently adopted AI or improved their AI capabilities, based on a 2024 survey across 11 markets.[12]
Cloud Computing in the financial services sector (sector benchmark)
- 87% of financial services firms increased cloud investment during the two years preceding LSEG’s 2025 global survey.[14]
- 91% of financial organizations had at least one cloud platform in 2023, up from 37% in 2020.[15]
- 43% of banking and financial services organizations were moving toward a cloud-first analytics approach in the WNS-Forrester survey.[16]
- 82% of financial services firms used a hybrid- or multi-cloud strategy in LSEG’s 2025 global survey.[14]
- 33% of financial services firms were highly satisfied with cloud-related reductions in operational costs in Capgemini’s 2024 survey.[15]
Big Data in the financial services sector (sector benchmark)
- 18% of finance firms adopted big-data analytics in the OECD’s cross-country comparison; the European data refer to 2019.[3]
- 11% of surveyed bank marketers were very confident in the accuracy of the data they regularly used in 2024.[17]
- 41% of surveyed bank marketers said their bank was already using data analytics to make decisions and achieve goals in 2024.[17]
04 Statistics
Data & Analytics
Business intelligence in the venture industry
- 300-plus venture capital firms were included in the broader 2026 data-driven VC landscape research.[18]
- Approximately seven engineers supported the largest data-driven venture capital funds managing more than $5 billion in 2025.[19]
- More than 99% of data-driven venture capital firms placed themselves before the plateau of productivity in 2025.[19]
- More than 20% was the year-over-year increase in the number of data-driven venture capital firms reported for 2025.[18]
- 235 firms were identified as data-driven venture capital firms in the 2026 landscape research.[18]
- 80% of data-driven venture capital firms favored internally developed tools for data management, according to 2024 research.[20]
Data analytics in the venture industry
- 19% of venture capital investors used data to refine their investment thesis in 2018.[21]
- 44% of venture capital investors ranked inbound leads among their most valuable sourcing resources in 2018.[21]
- Less than 1% of data-driven venture capital firms used data technologies for portfolio management and post-investment work in the cited survey.[20]
- 86% of global venture capital investors said data was important when evaluating investment opportunities in 2018.[21]
- 20% of venture capital investors used data for financial modeling in 2018.[21]
- 38% of data-driven venture capital firms used Dealroom in 2024.[20]
Data Quality in the financial services sector (sector benchmark)
- Across significant European banking institutions, 32% did not apply data-quality-management principles to end-user computing in 2023.[22]
- Across global financial services, 34% of organizations rated their data excellent for accuracy and integrity in 2024.[23]
- Across U.S. banking and capital markets, 86% of respondents named data access and usability as a top concern in 2024.[24]
- Across banks supervised by the European Central Bank, 28% reported that all data used by critical functions came from golden sources in 2023.[22]
- Across U.S. banking and capital markets, 94% of respondents named data accuracy and reliability as a priority in 2024.[24]
- Across global financial services, 36% of organizations rated their data excellent for quantity and completeness in 2024.[23]
Data Governance in the financial services sector (sector benchmark)
- Across global financial services, 54% of companies rated data governance at one of the two highest maturity levels in 2024.[25]
- Across 35 surveyed banks, insurers, and financial-services firms in 38 countries, 54% had adopted a semantic layer for organization-wide data governance in 2025.[26]
- Across financial-services organizations surveyed globally, 57.1% identified BI-content testing as the top future investment in analytics governance in 2025.[27]
- Across financial-services organizations surveyed globally, 82.9% had implemented governance policies specifically applying to business intelligence and analytics in 2025.[27]
- Across financial-services organizations surveyed globally, 43.7% lacked a standardized certification process for analytics content in 2025.[27]
KPIs in the venture industry
- 45% of venture capital respondents said LPs were pressing them about finding exit strategies for portfolio companies in 2023.[28]
- 28% of venture capital respondents prioritized CRM improvements in 2023.[28]
- 28% of venture capital respondents said LPs were pressing them about adding value to portfolio companies in 2023.[28]
- 37% of venture capital respondents prioritized fundraising technology improvements in 2023.[28]
- 22% of PE and VC professionals' time was spent on portfolio monitoring in 2023.[29]
- 40% of venture capital respondents prioritized investor reporting technology improvements in 2023.[28]
05 Statistics
Strategy & Growth
Growth in the venture industry
- U.S. venture-backed companies completed 42 IPOs that raised $41.2 billion in 2024.[4]
- U.S. venture-capital firms raised approximately $76 billion across 508 funds in 2024.[30]
- Global venture-capital exit value reached $549.2 billion in 2025.[25]
- Global venture-capital fundraising totaled $118.4 billion in 2025.[25]
- Global venture-capital investment increased from $125.6 billion in the third quarter of 2025 to $138.1 billion in the fourth quarter.[25]
- $138.1 billion was invested globally in venture capital in the fourth quarter of 2025.[25]
Differentiation in the venture industry
- Companies with at least one female founder represented 21.1% of U.S. venture deals in 2025.[4]
- Healthcare represented 22% of U.S. venture-capital investment in 2024.[4]
- Companies with one or more woman founder accounted for 24% of U.S. venture deals and 19% of capital since 2021.[31]
- AI-focused companies accounted for 37.7% of U.S. venture-capital deal value in 2025.[4]
- All-female founding teams represented 5.2% of U.S. venture deals in 2025.[4]
- Only 1.1% of U.S. venture-capital deal value went to all-female founding teams in 2025.[4]
Mergers and acquisitions in the venture industry
- Global venture-backed exit value reached $549.2 billion in 2025.[25]
- 537 mergers and acquisitions involving venture-backed startups closed globally in the fourth quarter of 2024, up 46% year over year.[8]
- U.S. venture-backed exit value rose 93% in 2025 from 2024.[32]
- Mastercard agreed to acquire venture-backed Recorded Future for $2.65 billion in 2024.[8]
- U.S. venture-backed exit value was approximately $79 billion in 2024, excluding IPO proceeds not yet counted as exits.[4]
- U.S. venture-capital exit value increased 24% in 2024.[30]
Strategic partnerships in the venture industry
- Just over half of surveyed limited partners had a co-investment program in 2025.[33]
- Corporate venture capital-backed startup funding rebounded 20% year over year to $65.9 billion globally in 2024.[1]
- European co-investment transactions represented 10% of private-equity and venture-capital transaction value in 2015.[34]
- 48% of limited partners with co-investment programs operated them opportunistically in 2024.[33]
- More than 3,000 companies actively invested in startups globally in 2025 through corporate-venture programs.[35]
- Co-investment transactions represented 52% of European private-equity and venture-capital transaction value in 2024.[34]
06 Statistics
People & Workforce
Hiring in the venture industry
- 27% of surveyed venture-backed startups had begun integrating artificial intelligence into HR operations in 2025.[36]
- Executive hires at venture-backed startups took six months on average to fill in a 2025 survey.[36]
- 23% of financial corporate venture capital funds reported internal hires.[37]
- 250 U.S. venture capital firms representing more than 4,700 full-time employees participated in the 2024 human-capital survey.[38]
- 72% of executive roles at surveyed venture-backed startups were filled externally in 2025.[36]
Employee retention in the venture industry
- 43% of surveyed venture-backed startups said it was too early to measure the impact of AI tools on HR outcomes in 2025.[36]
- 3% of middle-aged corporate venture capital funds reported significant turnover of five or more people during the previous year.[37]
- 8% of middle-aged corporate venture capital funds reported moderate turnover of two to four people during the previous year.[37]
- 28% of financial corporate venture capital funds reported moderate turnover of two to four people during the previous year.[37]
- 5% of mature corporate venture capital funds reported significant turnover of five or more people during the previous year.[37]
Remote Work in the financial services sector (sector benchmark)
- 52.5% of workers in U.S. financial activities teleworked in June 2026, according to the Bureau of Labor Statistics.[39]
- 87% of U.S. financial services employees said remote work helped them balance home and work responsibilities in 2025.[25]
- Across U.S. financial services, 82% of companies offered some form of work-location flexibility in 2025.[40]
- 68% of U.S. financial services workers said they would consider seeking new employment if remote and hybrid flexibility were reduced in 2023.[41]
Hybrid Work in the financial services sector (sector benchmark)
- 52% of financial services companies used a structured hybrid model in early 2024, up from 41% in March 2023.[42]
- 82% of U.S. financial services firms offered some form of work-location flexibility in July 2025.[40]
- 52% of financial services companies used a structured hybrid model in 2024, up from 41% in 2023, according to a survey of 777 companies.[42]
- 39% of financial services companies offered corporate employees full flexibility over work location in 2024.[42]
- 42.2% of remotely workable finance and insurance jobs were hybrid in July 2025 in the United States.[40]
Upskilling in the venture industry
- 43% of highly complex venture-backed organizations reported lower employee satisfaction in the 2025 survey.[36]
- 28% of surveyed venture-backed startups cited data privacy and compliance as a major challenge to implementing AI in HR in 2025.[36]
- 55% of finance-led hiring decisions at revenue-driven venture-backed startups were owned by finance teams in 2025.[36]
- 39% of surveyed venture-backed startups said AI tools had met or exceeded expectations in HR in 2025.[36]
- 21% of surveyed venture-backed startups cited system integration issues as a major challenge to implementing AI in HR in 2025.[36]
Employee Engagement in the financial services sector (sector benchmark)
- 31% of employees in the United States and Canada were engaged at work in 2025.[43]
- 16% of employees worldwide were actively disengaged at work in 2025.[43]
- 20% of employees worldwide were engaged at work in 2025, according to Gallup’s World Poll.[43]
- 12% of employees in Europe were engaged at work in 2025.[43]
07 Statistics
Customer & Sales
Customer retention in the venture industry
- 85% net revenue retention was recorded for AI-native products priced above $250 per month during 2025.[46]
- 101% median net revenue retention was reported by SaaS companies with more than $50 million ARR in 2025.[47]
- 103% median net revenue retention was reported by SaaS companies with $5 million–$20 million ARR in 2025.[47]
- 92% median gross revenue retention was reported by SaaS companies with $1 million–$5 million ARR in 2025.[47]
- 90% median gross revenue retention was reported by SaaS companies with $20 million–$50 million ARR in 2025.[47]
Customer acquisition in the venture industry
- 22 months was the median CAC payback period for SaaS products with annual contract value of $25,000–$50,000 in 2024.[48]
- 14 months was the median CAC payback period for SaaS products with annual contract value of $5,000–$10,000 in 2024.[48]
- 18 months was the median CAC payback period for private SaaS companies in 2024.[48]
- $1.50 of sales and marketing expense per dollar of new-customer ARR was the median ratio for SaaS companies with less than $1 million ARR in 2024.[48]
- 34 months was the median CAC payback period for public SaaS companies in 2024.[48]
08 Statistics
Marketing & Brand
Marketing in the venture industry
- 53% of surveyed private-equity firms used conference speaking as a marketing tactic in 2023.[49]
- 74% of general partners cited the fundraising environment as their top business challenge.[50]
- 67% of surveyed private-equity firms used marketing email communications as part of their marketing mix in 2023.[49]
- 72% of general partners identified attracting limited partners and facilitating fundraising as the leading impact of a strong brand.[50]
- 51% of private-markets professionals planned to increase branding and public-relations efforts in 2025, according to a 2024 survey of global industry participants.[50]
Digital marketing in the venture industry
- 93% of private-markets professionals used LinkedIn to support business objectives in 2023.[50]
- 97% of private-markets professionals used LinkedIn to support business objectives in 2024.[50]
- 20% of surveyed private-equity firms used webinars as a marketing tactic in 2023.[49]
- 51% of private-markets professionals primarily used LinkedIn for brand-building in 2024.[50]
- 40% of surveyed private-equity firms used videos as a marketing tactic in 2023.[49]
Branding in the venture industry
- 13% of surveyed private-equity firms described their marketplace brand awareness as very strong in 2023.[49]
- 80% of surveyed private-equity firms said a proactive public-relations programme was very important for enhancing brand strength in 2023.[49]
- 20% of surveyed private-equity firms described their marketplace brand awareness as fairly weak in 2023.[49]
- 20% of surveyed private-equity firms said a proactive public-relations programme was somewhat important for enhancing brand strength in 2023.[49]
- 47% of surveyed private-equity firms reported that their brand awareness was either not very strong or weak in 2023.[49]
Influencer Marketing in the financial services sector (sector benchmark)
- 7% of financial-services marketers reported folding creator or influencer marketing into other channels rather than maintaining a dedicated budget in 2026.[53]
- 5% of financial-services marketers reported dedicated but shrinking budgets for creator or influencer marketing in 2026.[53]
- 23% of financial-services marketers reported dedicated but flat budgets for creator or influencer marketing in 2026.[53]
- 37% of banking executives in a survey of 102 finance respondents recognized influencer marketing as a potent tool for authentic consumer connections in 2023.[54]
- 60% of financial-services marketers reported dedicated and growing budgets for creator or influencer marketing in 2026.[53]
09 Statistics
Operations & Execution
Process optimization in the venture industry
- 81% of venture professionals identified portfolio monitoring and reporting as a top technology priority in 2024.[55]
- 46% of venture professionals selected fundraising-related technology among their leading investment-management technology priorities in 2024.[55]
- 35% of venture professionals selected security among their leading investment-management technology priorities in 2024.[55]
- 37% of venture professionals ranked fundraising technology as a top investment-management technology improvement priority for 2023.[28]
- 53% of venture professionals ranked portfolio monitoring and reporting as a top investment-management technology improvement priority for 2023.[28]
Operational efficiency in the venture industry
- 45% of venture professionals cited fund administration, including communication and reporting, as a major operational difficulty in 2024.[55]
- 60% of venture professionals reported substantial pain from fund-administration activities including compliance, data integration and team handoffs in 2024.[55]
- 11% more contacts were added by the overall group of venture firms than by top firms in the first quarter of 2024.[18]
- 42% of venture investors cited competition as the biggest factor affecting deal flow in 2024.[18]
- 50% of venture investors identified outbound deal sourcing as a top priority in 2024.[18]
Quality management in the venture industry
- 67% of global limited partners prioritized accuracy in capital calls and distributions from general partners in 2025.[56]
- 8.5 times greater was the reporting likelihood of FOIA-eligible limited partners compared with other limited partners in a study of venture-capital fund reporting.[57]
- 37% of private-equity and venture-capital respondents expressed dissatisfaction with the quality and availability of non-public operational metrics in 2026.[58]
- 64% of global limited partners ranked cybersecurity and data protection among important fund-administration priorities in 2025.[56]
- 72% of limited partners sought daily or on-demand access to operational service-level data such as net-asset-value deadlines in 2025.[59]
Supply chain in the venture industry
- $152.1 million was raised globally across five supply-chain-technology emerging-tech deals in the fourth quarter of 2023.[60]
- Supply-chain technology venture investment declined by more than 50% year over year in 2022.[61]
- €9 billion was invested by venture capitalists in the global supply-chain-technology sector in 2023.[62]
- Less than $1 billion in global venture capital was invested in supply-chain technology in 2010.[61]
- Approximately $35 billion in global venture capital was invested in supply-chain technology in 2020.[61]
Outsourcing / Offshoring in the financial services sector (sector benchmark)
- Across surveyed finance organizations, 17% were evaluating nearshore locations for future operations in 2026, compared with 13% evaluating offshore locations.[63]
- Among significant European banks, outsourcing services accounted for 7.2% of administrative expenses at year-end 2023, up from 6.8%.[22]
- Among significant European banks, 67% of outsourcing contracts were sub-outsourced to external service providers in the 2024 analysis.[22]
- Across surveyed finance organizations, 64% were implementing or evaluating offshoring or nearshoring for finance operations in 2026, while 36% planned to remain fully U.S.-based.[63]
- Among U.S. banks surveyed, 57% had considered outsourcing information technology departments in 2024, the highest share among listed departments.[64]
10 Statistics
Finance & Pricing
Pricing strategy in the venture industry
- 2.24% was the mean investment-period management fee charged by venture capital funds raised in 2024 globally.[65]
- 20% was the median carried-interest rate taken by general partners across recent venture capital fund vintages in the United States.[66]
- 1.7% was the median general-partner entity commitment as a share of venture fund size in the United States.[66]
- 2% was the median general-partner commitment for United States venture funds sized between $1 million and $10 million.[66]
- 2% was the median management fee during the investment period across recent venture capital fund vintages in the United States.[66]
Cost reduction in the venture industry
- 1.5% was the median management fee for United States venture funds in the 2012–2024 period, according to the reported long-run fee level.[65]
- 1% of fund size was the median operating-expense burden during the first five years for United States venture funds larger than $100 million.[66]
- 2.4 percentage points separated the median first-five-year operating-expense burdens of the smallest and largest United States venture funds.[66]
- 18.7 months was the average fundraising period for global private-market funds closing in 2022.[67]
- 20.1 months was the record-high average fundraising period for global private-market funds closing in 2023, increasing the cost burden of capital formation.[67]
Profitability in the venture industry
- 4.03x was the 90th-percentile total-value-to-paid-in multiple for United States venture funds from the 2018 vintage with $1 million to $10 million in assets.[66]
- 26% of United States venture funds from the 2020 vintage had begun recording distributions to paid-in capital by the end of 2024.[66]
- 12.0% was the median internal rate of return for United States venture funds from the 2017 vintage at the end of 2024.[66]
- 12% of United States venture funds from the 2021 vintage had begun recording distributions to paid-in capital by the end of 2024.[66]
- 6.2% was the 2024 return of the Cambridge Associates United States Venture Capital Index.[68]
Financial planning in the venture industry
- $4.5 billion was the largest United States venture fund raised in 2024.[4]
- $303.7 million was the average venture-capital assets under management per United States firm in 2024.[4]
- 32.9% was the average share of committed capital represented by the anchor check in United States venture funds sized between $1 million and $10 million.[66]
- 75% or more of capital calls to limited partners were fulfilled on time or early across recent venture-capital fund vintages.[66]
- $21.3 million was the median United States venture-capital fund size in 2024.[4]
11 Statistics
Product & Service
Product development in the venture industry
- 39.4% of U.S. venture-capital deals involved AI companies in 2025.[4]
- 74% of surveyed venture capitalists considered a startup’s product or technology important when selecting investments.[69]
- 83% of surveyed venture capitalists considered the business model important when selecting investments.[69]
- $166.6 billion went to software companies in U.S. venture-capital deals in 2025.[4]
- 116 corporate-venture-capital parent companies were included in an OECD analysis of startup innovation.[3]
Product lifecycle in the venture industry
- 59% of surveyed startups had raised pre-seed or seed funding when they first sold to a company.[70]
- 59.4% of surveyed venture funds always invested in growth-stage companies, while 21.9% did so often.[71]
- 13% of surveyed startups had not raised a Series A round when they first sold their product to a company.[70]
- 50% of surveyed venture funds reported typical initial investments below €1 million.[71]
- 52% of surveyed startups were in an early-market stage, 37% were in a growth-market stage and 11% remained in the prototype stage.[70]
After-sales in the venture industry
- 110% was the approximate median net-dollar-retention rate for public SaaS and cloud companies in 2023.[72]
- VC-backed SaaS companies averaged 4 percentage points higher gross retention than bootstrapped SaaS companies in the 2019 survey.[73]
- 101% was the median net-revenue-retention rate for SaaS companies in 2024, down from 102% in 2022.[74]
- 88% was the median gross-revenue-retention rate for SaaS companies in 2024 in a 2025 benchmark report.[74]
- VC-backed SaaS companies averaged 4 percentage points higher net retention than bootstrapped SaaS companies in the 2019 survey.[73]
Value proposition in the venture industry
- 8% of North American investors ranked product as the most critical factor in 2024 early-stage investment decisions.[75]
- 74% of surveyed venture capitalists considered product or technology important when evaluating startup value propositions.[69]
- 83% of surveyed venture capitalists considered the business model important when evaluating startup value propositions.[69]
- 37% of surveyed venture capitalists ranked business-related factors collectively as the most important investment consideration.[69]
- 62% of surveyed startups secured their first corporate purchase order at the prototype stage, indicating early customer acceptance of their value proposition.[70]
12 Statistics
Sustainability & Ethics
Sustainability in the venture industry
- 61% of global investment professionals said they would increase investment in companies using sustainability data for efficiency in 2025.[76]
- 64% of Contrarian Ventures portfolio companies had assigned board or management responsibility for sustainability in 2025.[77]
- 122 general partners supplied sustainability data on more than 2,700 portfolio companies in the 2024 UK private-capital ESG survey.[78]
- 84% of global investment professionals said companies should maintain or increase investment in climate adaptation in PwC’s 2025 survey.[76]
- 33% of energy used by UK private-capital-backed businesses came from renewable sources in 2023, compared with 30% in 2021.[78]
ESG in the venture industry
- 10% of surveyed general partners never conducted ESG assessments in first-time investments in 2025.[79]
- 17% of venture capital or other funds surveyed by Tesi did not conduct any ESG due diligence in 2025.[79]
- 6,531 European portfolio companies were represented in Invest Europe’s 2024 ESG KPI report.[80]
- 64% of 2025 private-markets survey respondents said ESG scoring was applied partially rather than fully.[81]
- 76% of surveyed general partners conducted ESG assessments in every first-time investment in 2025, up from 59% in 2022.[79]
Ethics in the venture industry
- 315 US venture capital firms participated in the 2022 VC Human Capital Survey.[45]
- 40% of UK venture capital deals involved signatories to the Investing in Women Code in 2023.[82]
- 5,700 full-time US venture capital employees were represented in the 2022 VC Human Capital Survey.[45]
- 60% of US venture capital firms had a staff person or team responsible for diversity, equity and inclusion in 2022.[45]
- 9 people was the average venture capital fund size reported in Diversity VC’s 2017 market survey.[82]
CSR in the venture industry
- 16% of US venture capital firms had a designated diversity, equity and inclusion staff member or team in 2016.[45]
- 60% of US venture capital firms had a designated diversity, equity and inclusion staff member or team in 2022.[45]
- 540 employees worked across businesses backed by Fearless Fund, according to its 2023 impact report.[83]
- 250 employees worked across businesses backed by Fearless Fund at the earlier comparison point in its impact report.[83]
Circular economy in the venture industry
- 183 UK circular-economy investment deals were recorded in 2024, compared with 184 in 2023.[84]
- 131 of 183 UK circular-economy deals in 2024 were funded by generalist investors.[84]
- 6,804 private circular-economy transactions were tracked globally across 97 markets from 2018 through 2024.[85]
- 52% of plastics-circularity deals were at the seed stage in 2024.[86]
- £2.2 billion of disclosed capital was invested in the UK circular economy in 2024, up from £1.3 billion in 2023.[84]
Carbon footprint in the venture industry
- 0.3 tonnes of Scope 2 emissions were reported by Contrarian Ventures portfolio companies in 2024.[77]
- 29% of Finnish growth companies calculated emissions in 2024, compared with 95% of surveyed investors collecting portfolio sustainability data in 2025.[87]
- 6,922 tonnes of CO2 emissions were reported by Contrarian Ventures portfolio companies for 2024.[77]
- 2,249 tonnes of Scope 2 emissions were reported by Contrarian Ventures portfolio companies in 2025.[77]
- 95% of Finnish venture capital and private equity investors collected sustainability data from portfolio companies in 2025.[87]
13 Statistics
Risk, Compliance & Legal
Compliance in the venture industry
- 74% of venture-capital managers reviewed by Cambridge Associates were exempt reporting advisers in 2024, up from 70% in 2023.[88]
- 83% of North American venture-capital and mid-market private-equity executives expected market regulation to increase over the following two years in 2025.[89]
- 49% of North American venture-capital and mid-market private-equity executives said regulatory issues had caused difficulties structuring operations in the Middle East and Hong Kong in 2025.[89]
- 28% of Lexington Partners’ surveyed sponsors reported managing an Article 8 fund under the European Union Sustainable Finance Disclosure Regulation in 2024.[90]
- 88% of North American venture-capital and mid-market private-equity executives expected regulatory scrutiny of valuation processes to increase over the following two years in 2025.[89]
Risk Management in the financial services sector (sector benchmark)
- Across surveyed U.S. financial institutions, 76% used an enterprise risk management program in 2025.[91]
- Globally, only 3% of banking and capital-markets firms ranked quantum risk among their top three cybersecurity budget priorities for the next 12 months in 2026.[76]
- Globally, 47% of banking and capital-markets firms ranked third-party risk-management compliance as their greatest regulatory barrier in 2026.[76]
- The U.S. banking regulatory and risk-management concern index fell to 88 in 2025, from 99 in 2024 and 117 in 2023.[92]
- Among surveyed U.S. financial institutions with more than $5 billion in assets, 90% used an enterprise risk management program in 2025.[91]
Cybersecurity in the financial services sector (sector benchmark)
- Among surveyed U.S. financial institutions, 60% increased investment in cybersecurity technology in 2025.[91]
- Globally, 55% of banking and capital-markets firms identified AI-powered supply-chain attacks as a top AI attack scenario over the coming 12 months in 2026.[76]
- Across financial-services respondents in 20 countries, 81% were investing in generative-AI-specific security tools in 2025.[93]
- Globally, 57% of banking and capital-markets firms identified deepfake social engineering as a top AI attack scenario over the coming 12 months in 2026.[76]
- Globally, 68% of banking and capital-markets firms identified AI-powered malware as a top AI attack scenario over the coming 12 months in 2026.[76]
Data Privacy in the financial services sector (sector benchmark)
- Across financial-services respondents, 82% reported board-level privacy review in 2026.[94]
- Across financial-services respondents, 79% viewed privacy as a competitive differentiator in 2026.[94]
- Among EU- and UK-headquartered financial firms, the privacy-maturity score was 56% in 2026.[94]
- Across financial-services respondents, 44% cited limited in-house privacy or artificial-intelligence expertise as a barrier in 2026.[94]
- Financial-services firms ranked first among 17 sectors on the Global Privacy Index, with a score of 64% in 2026.[94]
Crisis Management in the financial services sector (sector benchmark)
- Among general counsels in financial services, banking and insurance, 60% reported involvement in framing internal and external crisis communications in 2024.[95]
- Among general counsels in financial services, banking and insurance, 71% reported involvement in business-continuity or financial-contingency planning in 2024.[95]
- Among general counsels in financial services, banking and insurance, 61% reported involvement in monitoring and analysing crisis red flags beyond legal issues in 2024.[95]
- Among general counsels in financial services, banking and insurance, 68% reported active involvement in organisational crisis-management strategies in 2024.[95]
Governance in the venture industry
- 93% of surveyed corporate venture-capital programs said their investment professional held the board or observer seat in 2026.[35]
- 90% of surveyed corporate venture-capital programs had financial performance targets in 2026.[35]
- 62% of surveyed corporate venture-capital programs were looking to adopt and interpret CVC-specific IFRS accounting standards for valuation, impairment and investment classification in 2026.[35]
- 42% of surveyed corporate venture-capital programs had no maximum limit on board or observer seats held by an individual in 2026.[35]
- 52% of surveyed corporate venture-capital programs targeted venture-capital-level or top-quartile financial returns in 2026.[35]
14 Statistics
Globalization & Expansion
Globalization in the venture industry
- $512 billion was invested globally in venture capital during 2025, according to Chambers’ global practice review.[96]
- $108.6 billion was invested globally in venture capital during the fourth quarter of 2024.[25]
- 35,685 venture-capital deals were completed globally in 2024, a seven-year low.[25]
- $62.4 billion of venture capital was invested in Europe in 2024.[25]
- $560.4 billion had already been invested globally in venture capital by mid-2026.[25]
Cultural adaptation in the venture industry
- Almost €4 billion was invested across nearly 720 deals involving women-founded companies in the United Kingdom in 2023.[97]
- 7% of total dollars invested by New York Venture Access Alliance firms went to women-led companies in 2023.[98]
- 5.6% of venture-capital funding at Series B went to startups led by women-only founding teams in 2024.[66]
- $38.8 billion was secured by female founders in United States venture funding during 2024.[60]
- 27% was the year-over-year increase in United States funding secured by female founders in 2024.[21]
Supplier management in the venture industry
- 44% of surveyed limited partners required ESG reporting at portfolio-company level in 2025.[99]
- 63% of surveyed limited partners required venture funds to report ESG information at fund level in 2025.[99]
- 38% of startup respondents cited investor networks, including venture-capital portfolios, among their top pathways to corporate buyers in 2026.[24]
- 16% of corporate buyers cited investor networks among their top pathways for sourcing cleantech startups in 2026.[24]
Stakeholder management in the venture industry
- 31% of limited partners ranked ESG investing among their most attractive anticipated investment opportunities in 2025.[100]
- Nearly 3,000 venture firms were represented in Affinity’s 2026 benchmark dataset.[18]
- 46% of limited partners ranked ESG investing among their most attractive anticipated investment opportunities in the prior Adams Street survey.[100]
- 33% of limited partners expected the number of new venture managers to decrease over the following three to five years in 2025.[5]
- 36% of limited partners reported that spinout funds in their portfolios had increased in recent years in 2025.[5]
Distribution channels in the venture industry
- Nearly 3,000 venture firms contributed data to Affinity’s 2026 relationship benchmark.[18]
- 38% of startup respondents ranked investor networks, including venture-capital portfolios, among their top routes to corporate buyers in 2026.[24]
- 20 introductions per user per month was the median rate for venture-firm relationship activity in 2026.[18]
- 16% of corporate buyers ranked investor networks among their top routes for sourcing cleantech startups in 2026.[24]
15 Statistics
Regional markets
The venture industry in Canada
- $7.9 billion was invested across 592 venture capital transactions in Canada in 2024, with the average deal size reaching $13.3 million.[101]
- 32% of Canadian venture capital deals included U.S. investors in 2024, compared with 6% involving European investors and 6% involving Asian investors.[102]
- CAD $8.0 billion was invested across 571 venture capital deals in Canada in 2025, while the average deal size reached CAD $14.07 million.[103]
- CAD $2.69 billion was invested across 250 venture capital deals in Canada in the first half of 2026, up 17% year over year in capital deployed.[102]
- $936 million was invested across 104 venture capital deals in Canada in Q1 2026; British Columbia and Quebec together captured 69% of total capital deployed.[102]
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Samuel Norberg. (2026, November 10). Venture Industry Statistics. Gitnux. https://gitnux.org/venture-industry-statistics
Samuel Norberg. "Venture Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/venture-industry-statistics.
Samuel Norberg. 2026. "Venture Industry Statistics." Gitnux. https://gitnux.org/venture-industry-statistics.
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Social media in the venture industry