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The State of Global VC

In 2024, over $337B was invested in tech companies globally. The third highest total on record.

In 2024, there were 23 rounds of over $1B in their own right. Track every round from 2025 as it happens.

By geography

US, China and the UK lead globally in terms of VC investment over the past few years.

Explore VC investment trends globally here on the app.

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Explore the top tech ecosystem guide to browse 201 tech ecosystems ranked by their readiness for the next ten years of frontier tech.

By Stage

Below we break venture capital into three distinct stages:

Startup stage ($0-15M rounds)
Breakout stage ($15-100M rounds)
Scaleup stage ($100M+ rounds).

This provides more consistent and timeless segmentation of the startup & venture capital landscape (more so than self-reported round labeling, which are applied inconsistently, especially between business cycles).

Access the top rounds in 2024 thus far.

Early stage

Access early-stage funding rounds into global startups here on the platform.

Breakout stage

Access breakout-stage funding rounds into global startups here on the platform.

Late stage

Access late-stage funding rounds into global startups here on the platform.

By leading segments

In 2025 so far, AI topics have raised significant VC funding compared to previous years and the global average.

Explore generative AI rounds here on the app.

By business model

Companies are segmented on Dealroom based on the Dealroom proprietary taxonomy.

Learn how best to understand it here on our dedicated explainer page.

SaaS has steadily become the most prominent investment category in venture capital, with close to half of global VC investment going to SaaS tech companies.

For more information on SaaS startups, consult our dedicated guide.

By industry

Fintech and Health consistently feature in the top of the VC investment per industry charts in the last five years though Enterprise Software has experienced some serious upwind, especially in 2025.

Explore the data seen below, VC investment by leading industries in 2025, here on the platform.

Geographic Trends

Metro Hubs

Bay Area leads globally for VC investment raised, with many American hubs also making the top 20 list but also some European and Asian hubs.

Below we show the latest data on VC investment by leading global hubs in 2025.

Benchmark these cities and any others, here on the app.

Per Capita

Relatively smaller ecosystems such as Singapore, UAE, and Switzerland are amongst the best performing globally when looking at VC investment on a per capita.

Unicorns

Over 400 cities worldwide that have founded or are home to a unicorn company.

Discover 3100+ verified unicorns on the Dealroom platform.

During a boom of venture capital in 2021, startups were reaching unicorn status at a rate of 2 per day. Following a big return to earth, the rate has settled at around 30-40 new unicorns minted per quarter.

Consult our unicorn guide to learn more about unicorns and other companies valued above the $1B threshold.

The global startup landscape is an increasingly competitive landscape. See how global tech hub rankings have fluctuated over time, the fall and return of Beijing, the quiet climb of London, the odd annual power law outlier e.g. Denver.

The State of Global VC