Global venture capital
The latest data and global trends in venture capital, startups, exits and innovation worldwide.
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Quarterly venture capital
Global venture capital raised by stage
Global venture capital raised by stage, quarterly
Startup
Breakout
Scaleup
Most active investors worldwide
Most active Global investors
| # | Investor | Type | Investments | Portfolio | HQ |
|---|---|---|---|---|---|
| 1 | Accelerator | 9,954 | 6,972 | Mountain View, United States | |
| 2 | Venture capital | 3,294 | 1,912 | Menlo Park, United States | |
| 3 | Venture capital | 2,954 | 2,293 | Palo Alto, United States | |
| 4 | Accelerator | 2,779 | 2,278 | New York City, United States | |
| 5 | Accelerator | 2,348 | 1,924 | Singapore, Singapore | |
| 6 | Venture capital | 2,251 | 1,153 | Palo Alto, United States | |
| 7 | Venture capital | 2,128 | 1,250 | Princeton, United States | |
| 8 | Venture capital | 2,114 | 1,182 | Menlo Park, United States | |
| 9 | Venture capital | 2,017 | 1,181 | Menlo Park, United States | |
| 10 | Venture capital | 1,819 | 1,537 | Sunnyvale, United States |
Source: Dealroom.co
Top companies
Top funded
All-time total funding (includes non-VC sources)
- 1
OpenAISan Francisco, United States$191.9B - 2
AnthropicSan Francisco, United States$124.3B - 3
xAIPalo Alto, United States$37.1B - 4
WaymoMountain View, United States$27.1B - 5
DiDiDongcheng District, China$20.2B - 6
DatabricksSan Francisco, United States$20.0B - 7
Ant Group | AlipayHangzhou, China$18.5B - 8
PrometheusSan Francisco, United States$18.2B - 9
UberSan Francisco, United States$15.2B - 10
Reliance JioNavi Mumbai, India$14.4B
Hottest (Dealroom Signal)
Ranked by Dealroom's growth indicator
- 1
DuolingoPittsburgh, United States99 - 2
MercadoLibreBuenos Aires, Argentina98 - 3
BYDShenzhen, China98 - 4
ZomatoGurugram, India98 - 5
PreplyBrookline, United States98 - 6
ŌURAOulu, Finland98 - 7
AbridgePittsburgh, United States98 - 8
RobloxSan Mateo, United States98 - 9
FeverNew York City, United States98 - 10
MotiveSan Francisco, United States98
Source: Dealroom.co
How global venture capital is distributed
The United States
Still the single largest source of venture capital by a wide margin, anchored by the Bay Area and New York alongside Boston, Seattle, Los Angeles and a deep bench of smaller hubs. The deepest late-stage capital and the biggest acquirers sit here.
Europe and Asia
Europe's funding is spread across London, Paris, Berlin, the Nordics and a dense network of smaller ecosystems, and has grown faster than the US in percentage terms from a smaller base. China, India, Singapore and Israel anchor Asia and the Middle East, though disclosed rounds often understate capital deployed through state-backed and strategic investors.
The rest of the world
Latin America, Africa and the rest of Asia-Pacific contribute a growing share, led by a few breakout hubs. Coverage outside the major markets is partial, so headline totals there should be read as a floor rather than a full picture.
Top countries
Top metro regions
Startups worldwide venture capital by metro · Last 12 months to end of Q2 2026
- 1🇺🇸Bay AreaUnited States$390.3B
- 2🇺🇸New York CityUnited States$42.9B
- 3🇬🇧LondonUnited Kingdom$26.2B
- 4🇺🇸Los AngelesUnited States$21.0B
- 5🇺🇸BostonUnited States$16.4B
- 6🇨🇳BeijingChina$11.7B
- 7🇨🇳ShanghaiChina$9.1B
- 8🇺🇸AustinUnited States$8.8B
- 9🇫🇷ParisFrance$8.5B
- 10🇮🇳BengaluruIndia$6.2B
Top metro regions
Startups worldwide venture capital by metro · Full year 2025
- 1🇺🇸Bay AreaUnited States$156.8B
- 2🇺🇸New York CityUnited States$34.5B
- 3🇬🇧LondonUnited Kingdom$18.5B
- 4🇺🇸Los AngelesUnited States$16.6B
- 5🇺🇸BostonUnited States$14.1B
- 6🇯🇵TokyoJapan$9.0B
- 7🇺🇸AustinUnited States$8.2B
- 8🇺🇸SeattleUnited States$6.7B
- 9🇰🇷SeoulSouth Korea$6.7B
- 10🇫🇷ParisFrance$6.4B
Top metro regions
Startups worldwide venture capital by metro · Q2 2026
- 1🇺🇸Bay AreaUnited States$97.4B
- 2🇺🇸New York CityUnited States$11.8B
- 3🇺🇸Los AngelesUnited States$8.6B
- 4🇬🇧LondonUnited Kingdom$8.4B
- 5🇨🇳ShanghaiChina$4.7B
- 6🇺🇸BostonUnited States$4.2B
- 7🇨🇳BeijingChina$4.0B
- 8🇸🇪StockholmSweden$2.6B
- 9🇮🇳BengaluruIndia$2.3B
- 10🇺🇸AtlantaUnited States$2.0B
Top metro regions
Startups worldwide enterprise value by metro
- 1🇺🇸Bay AreaUnited States$20.1T
- 2🇺🇸SeattleUnited States$3.1T
- 3🇺🇸AustinUnited States$2.1T
- 4🇨🇳BeijingChina$2.0T
- 5🇺🇸New York CityUnited States$1.7T
- 6🇺🇸BostonUnited States$1.0T
- 7🇨🇳ShanghaiChina$1.0T
- 8🇺🇸Los AngelesUnited States$748.6B
- 9🇬🇧LondonUnited Kingdom$656.0B
- 10🇺🇸MiamiUnited States$530.4B
Top metro regions
Startups worldwide unicorns by metro
- 1🇺🇸Bay AreaUnited States842
- 2🇺🇸New York CityUnited States322
- 3🇺🇸BostonUnited States210
- 4🇨🇳BeijingChina170
- 5🇬🇧LondonUnited Kingdom157
- 6🇺🇸Los AngelesUnited States153
- 7🇨🇳ShanghaiChina129
- 8🇮🇱Tel AvivIsrael119
- 9🇺🇸SeattleUnited States68
- 10🇺🇸San DiegoUnited States64
Top metro regions
Global VC growth by metro · Last 12 months to end of Q2 2026 vs 2025
- 1🇺🇸DetroitUnited States+494%
- 2🇳🇱Rotterdam - The HagueNetherlands+283%
- 3🇩🇪FrankfurtGermany+280%
- 4Buenos Aires+224%
- 5🇦🇪Abu DhabiUnited Arab Emirates+198%
- 6🇦🇹ViennaAustria+152%
- 7🇺🇸Bay AreaUnited States+149%
- 8🇨🇳ShanghaiChina+147%
- 9🇺🇸AtlantaUnited States+137%
- 10🇳🇱EindhovenNetherlands+129%
Top metro regions
Global VC concentration by metro · Last 12 months to end of Q2 2026
- 1🇺🇸Bay AreaUnited States1.02×
- 2🇨🇳BeijingChina1.01×
- 3🇨🇳ShanghaiChina1.01×
- 4🇺🇸AustinUnited States1.01×
- 5🇫🇷ParisFrance1.01×
- 6🇺🇸Los AngelesUnited States1.01×
- 7🇺🇸San DiegoUnited States1.01×
- 8🇺🇸DenverUnited States1.01×
- 9🇺🇸SeattleUnited States1.01×
- 10🇮🇱Tel AvivIsrael1.01×
Top metro regions
Global unicorn concentration by metro · by HQ
- 1🇬🇧LondonUnited Kingdom1.00×
- 2🇬🇧ManchesterUnited Kingdom1.00×
- 3🇬🇧Cambridge (UK)United Kingdom1.00×
- 4🇬🇧OxfordUnited Kingdom1.00×
- 5🇮🇹MilanItaly1.00×
- 6🇩🇪HamburgGermany1.00×
- 7🇩🇪FrankfurtGermany1.00×
- 8🇩🇪MunichGermany1.00×
- 9🇩🇪Berlin/BrandenburgGermany1.00×
- 10🇩🇪StuttgartGermany1.00×
The world on the map
Notable rounds
Biggest Global rounds · Last 12 months to end of Q2 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Mar 2026 | OpenAI | $122.0B | LATE VC | Andreessen Horowitz, SoftBank |
| May 2026 | Anthropic | $65.0B | SERIES H | Greenoaks Capital Partners, D1 Capital Partners |
| Feb 2026 | Anthropic | $30.0B | SERIES G | GIC, Coatue Management |
| Jan 2026 | xAI | $20.0B | SERIES E | MGX, Valor Equity Partners |
| Feb 2026 | Waymo | $16.0B | LATE VC | Alphabet | Google |
| Sep 2025 | Anthropic | $13.0B | SERIES F | Fidelity Investments, Lightspeed Venture Partners |
| Jun 2026 | Prometheus | $12.0B | GROWTH EQUITY VC | BlackRock, JPMorgan Chase & Co |
| Sep 2025 | OpenAI | $10.0B | LATE VC | Nvidia |
| Jun 2026 | DeepSeek | $7.4B | EARLY VC | Tencent |
| Nov 2025 | Prometheus | $6.2B | GROWTH EQUITY VC | Bezos Expeditions |
| May 2026 | Anduril | $5.0B | SERIES H | Thrive Capital, Andreessen Horowitz |
| Dec 2025 | Databricks | $5.0B | LATE VC | Andreessen Horowitz, J.P. Morgan Asset Management |
| Jul 2025 | xAI | $5.0B | GROWTH EQUITY VC | Morgan Stanley |
| Jan 2026 | DayOne | $4.5B | SERIES C | Hillhouse Capital, Coatue Management |
| May 2026 | StepFun | $2.5B | GROWTH EQUITY VC | ZTE, Shanghai Longcheer Technology |
Biggest Global rounds · Full year 2025 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Mar 2025 | OpenAI | $40.0B | LATE VC | SoftBank |
| Sep 2025 | Anthropic | $13.0B | SERIES F | ICONIQ Capital, Fidelity Investments |
| Sep 2025 | OpenAI | $10.0B | LATE VC | Nvidia |
| Nov 2025 | Prometheus | $6.2B | GROWTH EQUITY VC | Bezos Expeditions |
| Dec 2025 | Databricks | $5.0B | LATE VC | Andreessen Horowitz, J.P. Morgan Asset Management |
| Jul 2025 | xAI | $5.0B | GROWTH EQUITY VC | Morgan Stanley |
| Mar 2025 | Anthropic | $3.5B | SERIES E | Lightspeed Venture Partners |
| Jan 2025 | Napster | Infinite Reality | $3.0B | LATE VC | Sterling Select |
| Jun 2025 | Anduril | $2.5B | SERIES G | Founders Fund |
| Nov 2025 | Anysphere | Cursor | $2.3B | LATE VC | Accel, Coatue Management |
| May 2025 | Acrisure | $2.1B | CONVERTIBLE | Bain Capital |
| Oct 2025 | Polymarket | $2.0B | GROWTH EQUITY VC | Intercontinental Exchange |
| Sep 2025 | Reflection AI | $2.0B | SERIES B | NVentures, Sequoia |
| Jul 2025 | Revolut | $2.0B | LATE VC | Mubadala Capital |
| Jun 2025 | Thinking Machines Lab | $2.0B | SEED | Andreessen Horowitz |
Biggest Global rounds · Q2 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| May 2026 | Anthropic | $65.0B | SERIES H | Dragoneer Investment Group, D1 Capital Partners |
| Jun 2026 | Prometheus | $12.0B | GROWTH EQUITY VC | BlackRock, JPMorgan Chase & Co |
| Jun 2026 | DeepSeek | $7.4B | EARLY VC | Tencent |
| May 2026 | Anduril | $5.0B | SERIES H | Thrive Capital, Andreessen Horowitz |
| May 2026 | StepFun | $2.5B | GROWTH EQUITY VC | Huaqin Communication Technology, Hong Kong Investment Corporation |
| May 2026 | Isomorphic Labs | $2.1B | SERIES B | Thrive Capital |
| May 2026 | Moonshot AI | Kimi | $2.0B | SERIES D | Long-Z Investments |
| Jun 2026 | Stegra | $1.5B | GROWTH EQUITY VC | Hy24, Bolero |
| Jun 2026 | BaseTen | $1.5B | SERIES F | Conviction, Altimeter Capital |
| May 2026 | Mirus | $1.5B | LATE VC | Boston Scientific |
| Jun 2026 | Neura Robotics | $1.4B | SERIES C | Qualcomm |
| May 2026 | Helsing | $1.2B | SERIES E | Dragoneer Investment Group, Lightspeed Venture Partners |
| Apr 2026 | Ineffable Intelligence | $1.1B | SEED | Lightspeed Venture Partners, Sequoia |
| Jun 2026 | AppsFlyer | $1.0B | SERIES E | Meta, Alphabet | Google |
| May 2026 | Cognition | Devin AI | $1.0B | LATE VC | General Catalyst, Lux Capital |
Source: Dealroom.co · Updated 8 Jul 2026
Leading industries
Unicorns & exits
The global startup funnel
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