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 | 9,884 | 6,920 | Mountain View, United States | |
| 2 | Venture capital | 3,286 | 1,906 | Menlo Park, United States | |
| 3 | Venture capital | 2,953 | 2,292 | Palo Alto, United States | |
| 4 | Accelerator | 2,775 | 2,274 | New York City, United States | |
| 5 | Accelerator | 2,339 | 1,918 | Singapore, Singapore | |
| 6 | Venture capital | 2,212 | 1,147 | Palo Alto, United States | |
| 7 | Venture capital | 2,128 | 1,250 | Princeton, United States | |
| 8 | Venture capital | 2,115 | 1,182 | Menlo Park, United States | |
| 9 | Venture capital | 2,006 | 1,172 | Menlo Park, United States | |
| 10 | Venture capital | 1,812 | 1,532 | 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$139.3B - 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
Project 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
RobloxSan Mateo, United States98 - 3
ZomatoGurugram, India98 - 4
MercadoLibreBuenos Aires, Argentina98 - 5
PreplyBrookline, United States98 - 6
BYDShenzhen, China98 - 7
ŌURAOulu, Finland98 - 8
AbridgePittsburgh, United States98 - 9
FeverNew York City, United States98 - 10
OdooOttignies-Louvain-la-Neuve, Belgium98
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 Q1 2026
- 1🇺🇸Bay AreaUnited States$312.6B
- 2🇺🇸New York CityUnited States$35.3B
- 3🇬🇧LondonUnited Kingdom$21.1B
- 4🇺🇸Los AngelesUnited States$17.7B
- 5🇺🇸BostonUnited States$14.5B
- 6🇺🇸AustinUnited States$9.1B
- 7🇯🇵TokyoJapan$9.0B
- 8🇨🇳BeijingChina$8.6B
- 9🇫🇷ParisFrance$8.2B
- 10🇰🇷SeoulSouth Korea$6.5B
Top metro regions
Startups worldwide venture capital by metro · Full year 2025
- 1🇺🇸Bay AreaUnited States$157.0B
- 2🇺🇸New York CityUnited States$34.6B
- 3🇬🇧LondonUnited Kingdom$18.4B
- 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$6.6B
- 10🇫🇷ParisFrance$6.4B
Top metro regions
Startups worldwide venture capital by metro · Q1 2026
- 1🇺🇸Bay AreaUnited States$212.6B
- 2🇺🇸New York CityUnited States$8.4B
- 3🇬🇧LondonUnited Kingdom$6.5B
- 4🇺🇸BostonUnited States$4.5B
- 5🇺🇸AustinUnited States$4.2B
- 6🇺🇸Los AngelesUnited States$3.5B
- 7🇨🇳BeijingChina$3.2B
- 8🇫🇷ParisFrance$2.8B
- 9🇺🇸San DiegoUnited States$2.5B
- 10🇨🇳ShanghaiChina$2.3B
Top metro regions
Startups worldwide enterprise value by metro
- 1🇺🇸Bay AreaUnited States$20.2T
- 2🇺🇸SeattleUnited States$3.1T
- 3🇺🇸AustinUnited States$2.0T
- 4🇨🇳BeijingChina$1.9T
- 5🇺🇸New York CityUnited States$1.7T
- 6🇺🇸BostonUnited States$1.0T
- 7🇨🇳ShanghaiChina$953.2B
- 8🇺🇸Los AngelesUnited States$760.0B
- 9🇬🇧LondonUnited Kingdom$659.7B
- 10🇺🇸MiamiUnited States$591.4B
Top metro regions
Startups worldwide unicorns by metro
- 1🇺🇸Bay AreaUnited States780
- 2🇺🇸New York CityUnited States303
- 3🇺🇸BostonUnited States188
- 4🇨🇳BeijingChina166
- 5🇬🇧LondonUnited Kingdom142
- 6🇺🇸Los AngelesUnited States136
- 7🇨🇳ShanghaiChina126
- 8🇺🇸SeattleUnited States67
- 9🇺🇸San DiegoUnited States56
- 10🇺🇸AustinUnited States55
Top metro regions
Global VC growth by metro · Last 12 months to end of Q1 2026 vs 2025
- 1Buenos Aires+211%
- 2🇳🇱EindhovenNetherlands+136%
- 3🇺🇸BoulderUnited States+113%
- 4🇺🇸Bay AreaUnited States+100%
- 5🇹🇭BangkokThailand+77%
- 6🇺🇸HoustonUnited States+76%
- 7🇦🇪Abu DhabiUnited Arab Emirates+73%
- 8🇺🇸MadisonUnited States+71%
- 9🇦🇹ViennaAustria+67%
- 10🇳🇿AucklandNew Zealand+58%
Top metro regions
Global VC concentration by metro · Last 12 months to end of Q1 2026
- 1🇺🇸Bay AreaUnited States1.01×
- 2🇺🇸New York CityUnited States1.00×
- 3🇺🇸AustinUnited States1.00×
- 4🇨🇳BeijingChina1.00×
- 5🇫🇷ParisFrance1.00×
- 6🇺🇸SeattleUnited States1.00×
- 7🇺🇸DenverUnited States1.00×
- 8🇮🇱Tel AvivIsrael1.00×
- 9🇨🇳ShanghaiChina1.00×
- 10🇺🇸San DiegoUnited States1.00×
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 Q1 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Mar 2026 | OpenAI | $122.0B | LATE VC | Andreessen Horowitz, SoftBank |
| Feb 2026 | Anthropic | $30.0B | SERIES G | GIC, Coatue Management |
| Jan 2026 | xAI | $20.0B | SERIES E | Baron Capital, Valor Equity Partners |
| Feb 2026 | Waymo | $16.0B | LATE VC | Alphabet | Google |
| Sep 2025 | Anthropic | $13.0B | SERIES F | ICONIQ Capital, Lightspeed Venture Partners |
| Sep 2025 | OpenAI | $10.0B | LATE VC | Nvidia |
| Nov 2025 | Project Prometheus | $6.2B | GROWTH EQUITY VC | Bezos Expeditions |
| Dec 2025 | Databricks | $5.0B | LATE VC | J.P. Morgan Asset Management, Fidelity Investments |
| Jul 2025 | xAI | $5.0B | GROWTH EQUITY VC | Morgan Stanley |
| Jan 2026 | DayOne | $4.5B | SERIES C | Hillhouse Capital, Coatue Management |
| Jun 2025 | Anduril | $2.5B | SERIES G | Founders Fund |
| Nov 2025 | Anysphere | Cursor | $2.3B | LATE VC | Coatue Management, Accel |
| May 2025 | Acrisure | $2.1B | CONVERTIBLE | Bain Capital |
| Mar 2026 | Nscale | $2.0B | SERIES C | Aker ASA, 8090 Industries |
| Oct 2025 | Polymarket | $2.0B | GROWTH EQUITY VC | Intercontinental Exchange |
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 | Lightspeed Venture Partners, ICONIQ Capital |
| Sep 2025 | OpenAI | $10.0B | LATE VC | Nvidia |
| Nov 2025 | Project Prometheus | $6.2B | GROWTH EQUITY VC | Bezos Expeditions |
| Dec 2025 | Databricks | $5.0B | LATE VC | Fidelity Investments, 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 · Q1 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Mar 2026 | OpenAI | $122.0B | LATE VC | Andreessen Horowitz, SoftBank |
| Feb 2026 | Anthropic | $30.0B | SERIES G | GIC, Coatue Management |
| Jan 2026 | xAI | $20.0B | SERIES E | Nvidia, Tesla |
| Feb 2026 | Waymo | $16.0B | LATE VC | Alphabet | Google |
| Jan 2026 | DayOne | $4.5B | SERIES C | Coatue Management, Hillhouse Capital |
| Mar 2026 | Nscale | $2.0B | SERIES C | 8090 Industries, Aker ASA |
| Mar 2026 | Saronic Technologies | $1.8B | SERIES D | Kleiner Perkins |
| Mar 2026 | Shield AI | $1.5B | SERIES G | JPMorgan Chase & Co, Advent International |
| Jan 2026 | Skild | $1.4B | SERIES C | SoftBank, Nvidia |
| Feb 2026 | Wayve | $1.2B | SERIES D | SoftBank Vision Fund, Eclipse Ventures |
| Jan 2026 | Retro Biosciences | $1.0B | SERIES A | Sam Altman, Sandro Salsano |
| Feb 2026 | World Labs | $1.0B | LATE VC | Andreessen Horowitz, Autodesk |
| Feb 2026 | Cerebras Systems | $1.0B | SERIES H | Tiger Global |
| Feb 2026 | AMI - Advanced Machine Intelligence | $1.0B | SEED | Greycroft Partners |
| Jan 2026 | Playlist | Mindbody | $785M | GROWTH EQUITY VC | Affinity Partners |
Source: Dealroom.co · Updated 17 Jun 2026
Leading industries
Unicorns & exits
The global startup funnel
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