Global venture capital

The latest data and global trends in venture capital, startups, exits and innovation worldwide.

Raised in Q3 2026
$183.0B
VC funding · closed quarter
Raised in 2026 Q1-3
$685.2B
VC funding · year to date
Combined enterprise value
$52.3T
VC-backed Startups worldwide · founded 1990+
Unicorns
4,126
$1B+ valuation or exit

Annual venture capital

Funding into Startups worldwide has grown nearly tenfold over the past five years, reaching $448.7B in 2025. With $685.2B raised in the first 9 months of 2026, the full year is on track to land at $913.6B, a +104% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows Startups worldwide funding raised in each of the last 21 complete quarters through Q3 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

Global venture capital raised by stage

How capital deployed into Startups worldwide is split across round sizes. In the trailing four quarters, 79% of capital landed in scaleup ($100M+) rounds, 16% in breakout ($15–100M), and 6% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q3 2022 → Q3 2026.

Global venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors worldwide

The most active investors in Startups worldwide ranked by the number of disclosed VC rounds they've participated in. Y Combinator leads with 10,492 rounds, followed by Techstars at 3,736. The table shows the top ten with their firm type, the rounds they've joined and the companies they've backed here (follow-on rounds make the first larger), and headquarters.

Most active Global investors

#InvestorTypeGlobal roundsGlobal companiesHQ
1 Accelerator 10,492 7,396 San Francisco, United States
2 Accelerator 3,736 3,196 New York City, United States
3 Venture capital 3,376 1,876 Menlo Park, United States
4 Venture capital 2,860 2,241 Palo Alto, United States
5 Accelerator 2,467 2,047 Singapore, Singapore
6 Venture capital 2,316 1,161 Palo Alto, United States
7 Venture capital 2,162 1,084 Menlo Park, United States
8 Venture capital 2,162 1,288 Menlo Park, United States
9 Venture capital 2,043 1,214 Princeton, United States
10 Venture capital 1,874 1,578 Sunnyvale, United States

See all investors in Dealroom

Source: Dealroom.co

Top companies

Two views of leadership in Startups worldwide: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1OpenAISan Francisco, United States$221.9B
  2. 2AnthropicSan Francisco, United States$166.3B
  3. 3xAIPalo Alto, United States$37.1B
  4. 4WaymoMountain View, United States$27.1B
  5. 5DatabricksSan Francisco, United States$25.0B
  6. 6DiDiDongcheng District, China$20.2B
  7. 7DeepSeekChina$19.4B
  8. 8Ant Group | AlipayHangzhou, China$18.5B
  9. 9PrometheusSan Francisco, United States$18.2B
  10. 10UberSan Francisco, United States$15.2B
See all in Dealroom

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1ŌURAOulu, Finland99
  2. 2PreplyBrookline, United States98
  3. 3Octopus EnergyLondon, United Kingdom98
  4. 4AbridgePittsburgh, United States98
  5. 5FluidStackNew York City, United States98
  6. 6CanvaSydney, Australia98
  7. 7FeverNew York City, United States98
  8. 8PlataMexico City, Mexico98
  9. 9NotionSan Francisco, United States98
  10. 10NerosLos Angeles, United States98
See all in Dealroom

Source: Dealroom.co

How global venture capital is distributed

Venture capital is concentrated in a handful of ecosystems. A few regions account for most of the worldwide total, but the long tail of emerging hubs is where some of the fastest growth now sits.

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

United States leads global Startups worldwide funding in 2026 Q1-3 (year to date) at $487.2B, followed by China ($75.6B). The chart ranks the top countries; alongside it, the leading Bay Area metro region leads the city ranking with $349.9B in 2026 Q1-3 (year to date). Use the metric pills, and the dropdown, to switch view. The VC dropdown also covers the fastest-growing hubs (Singapore up +183%) and where Startups worldwide venture capital and unicorns concentrate against the rest of the world.

Top metro regions

Startups worldwide venture capital by metro · Last 12 months to end of Q3 2026

  1. Bay AreaUnited States$381.5B
  2. New York CityUnited States$40.3B
  3. Los AngelesUnited States$26.6B
  4. LondonUnited Kingdom$23.6B
  5. SeattleUnited States$17.1B
  6. BeijingChina$16.7B
  7. BostonUnited States$16.1B
  8. ShanghaiChina$13.6B
  9. AustinUnited States$12.9B
  10. ParisFrance$10.4B
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Top metro regions

Startups worldwide venture capital by metro · 2026 Q1-3 (year to date)

  1. Bay AreaUnited States$349.9B
  2. New York CityUnited States$31.4B
  3. Los AngelesUnited States$20.7B
  4. LondonUnited Kingdom$18.6B
  5. SeattleUnited States$15.3B
  6. BeijingChina$14.0B
  7. ShanghaiChina$12.8B
  8. BostonUnited States$12.3B
  9. AustinUnited States$10.7B
  10. ParisFrance$9.4B
Explore hubs in Dealroom

Top metro regions

Startups worldwide venture capital by metro · Q3 2026

  1. Bay AreaUnited States$40.8B
  2. SeattleUnited States$12.8B
  3. New York CityUnited States$11.5B
  4. Los AngelesUnited States$10.3B
  5. BeijingChina$6.2B
  6. AustinUnited States$5.6B
  7. ParisFrance$5.0B
  8. ShanghaiChina$5.0B
  9. LondonUnited Kingdom$4.4B
  10. DenverUnited States$4.4B
Explore hubs in Dealroom

Top metro regions

Startups worldwide enterprise value by metro

  1. Bay AreaUnited States$24.1T
  2. SeattleUnited States$3.2T
  3. Los AngelesUnited States$2.9T
  4. AustinUnited States$2.2T
  5. BeijingChina$2.0T
  6. New York CityUnited States$1.9T
  7. BostonUnited States$1.3T
  8. ShanghaiChina$1.1T
  9. LondonUnited Kingdom$875.5B
  10. MiamiUnited States$744.4B
Explore hubs in Dealroom

Top metro regions

Startups worldwide unicorns by metro

  1. Bay AreaUnited States882
  2. New York CityUnited States329
  3. BostonUnited States207
  4. BeijingChina174
  5. Los AngelesUnited States163
  6. LondonUnited Kingdom161
  7. ShanghaiChina141
  8. Tel AvivIsrael119
  9. SeattleUnited States70
  10. San DiegoUnited States63
Explore hubs in Dealroom

Top metro regions

Global VC growth by metro · Last 12 months to end of Q3 2026 vs 2025

  1. Abu DhabiUnited Arab Emirates+284%
  2. CincinnatiUnited States+281%
  3. EindhovenNetherlands+259%
  4. Rotterdam - The HagueNetherlands+259%
  5. ClevelandUnited States+255%
  6. FrankfurtGermany+254%
  7. LisbonPortugal+234%
  8. ShanghaiChina+210%
  9. OrlandoUnited States+193%
  10. Buenos Aires+154%

Top metro regions

Global VC concentration by metro · Last 12 months to end of Q3 2026

  1. ParisFrance1.00×
  2. CopenhagenDenmark1.00×
  3. LondonUnited Kingdom1.00×
  4. Bay AreaUnited States1.00×
  5. New York CityUnited States1.00×
  6. Los AngelesUnited States1.00×
  7. SeattleUnited States1.00×
  8. BeijingChina1.00×
  9. BostonUnited States1.00×
  10. ShanghaiChina1.00×

Top metro regions

Global unicorn concentration by metro · by HQ

  1. Buenos Aires1.00×
  2. LondonUnited Kingdom1.00×
  3. ManchesterUnited Kingdom1.00×
  4. Cambridge (UK)United Kingdom1.00×
  5. OxfordUnited Kingdom1.00×
  6. MilanItaly1.00×
  7. HamburgGermany1.00×
  8. FrankfurtGermany1.00×
  9. MunichGermany1.00×
  10. DüsseldorfGermany1.00×

The world on the map

Where Startups worldwide unicorns are based. Each marker is sized by the number of unicorns HQ'd in that metro. Bay Area leads at 857, followed by New York City at 323. Scroll or drag to explore, pinch with two fingers on mobile.

Notable rounds

In 2026 Q1-3 (year to date), the largest VC rounds in Startups worldwide reveal where capital is consolidating. The table below lists the 15 biggest rounds by amount, with date, company, round type, and lead investors; rounds without a public amount sit at the bottom with the amount left blank. Exits sit in the Unicorns & Exits section.

Biggest Global rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Mar 2026OpenAI$122.0BLATE VCAndreessen Horowitz, SoftBank
May 2026Anthropic$65.0BSERIES HAlphabet | Google, Altimeter Capital
Feb 2026Anthropic$30.0BSERIES GCoatue Management, GIC
Jan 2026xAI$20.0BSERIES EBaron Capital, Cisco Investments
Feb 2026Waymo$16.0BLATE VCAlphabet | Google
Jun 2026Prometheus$12.0BGROWTH EQUITY VCBlackRock, JPMorgan Chase & Co
Jul 2026Blue Origin$10.0BLATE VCCoatue Management, Jeff Bezos
Jun 2026DeepSeek$7.4BEARLY VCTencent
Nov 2025Prometheus$6.2BGROWTH EQUITY VCBezos Expeditions
Jul 2026Safe Superintelligence$5.0BGROWTH EQUITY VCNvidia
Aug 2026Databricks$5.0BLATE VCCoatue Management
May 2026Anduril$5.0BSERIES HAndreessen Horowitz, Thrive Capital
Dec 2025Databricks$5.0BLATE VCAndreessen Horowitz, Fidelity Investments
Jan 2026DayOne$4.5BSERIES CCoatue Management, Hillhouse Capital
Sep 2026Crusoe$3.9BSERIES FAtreides Management, Mubadala Investment Company
See every round in Dealroom

Biggest Global rounds · 2026 Q1-3 (year to date) (Top 15 rounds)

DateCompanyAmountRoundLead investors
Mar 2026OpenAI$122.0BLATE VCAndreessen Horowitz, SoftBank
May 2026Anthropic$65.0BSERIES HAlphabet | Google, Altimeter Capital
Feb 2026Anthropic$30.0BSERIES GCoatue Management, GIC
Jan 2026xAI$20.0BSERIES EBaron Capital, Cisco Investments
Feb 2026Waymo$16.0BLATE VCAlphabet | Google
Jun 2026Prometheus$12.0BGROWTH EQUITY VCBlackRock, JPMorgan Chase & Co
Jul 2026Blue Origin$10.0BLATE VCCoatue Management, Jeff Bezos
Jun 2026DeepSeek$7.4BEARLY VCTencent
Jul 2026Safe Superintelligence$5.0BGROWTH EQUITY VCNvidia
Aug 2026Databricks$5.0BLATE VCCoatue Management
May 2026Anduril$5.0BSERIES HAndreessen Horowitz, Thrive Capital
Jan 2026DayOne$4.5BSERIES CCoatue Management, Hillhouse Capital
Sep 2026Crusoe$3.9BSERIES FAtreides Management, Mubadala Investment Company
Jul 2026Moonshot AI | Kimi$3.5BLATE VCChinese National Artificial Intelligence Industry Investment Fund
Sep 2026Mistral AI$3.3BSERIES DPSG, Samsung Electronics
See every round in Dealroom

Biggest Global rounds · Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Jul 2026Blue Origin$10.0BLATE VCCoatue Management, Jeff Bezos
Jul 2026Safe Superintelligence$5.0BGROWTH EQUITY VCNvidia
Aug 2026Databricks$5.0BLATE VCCoatue Management
Sep 2026Crusoe$3.9BSERIES FAtreides Management, Mubadala Investment Company
Jul 2026Moonshot AI | Kimi$3.5BLATE VCChinese National Artificial Intelligence Industry Investment Fund
Sep 2026Mistral AI$3.3BSERIES DPSG, Samsung Electronics
Sep 2026The Boring Company$3.0BSERIES DUnited Arab Emirates Government
Jul 2026Kling AI$2.8BGROWTH EQUITY VCAlibaba, Baidu
Jul 2026EdgeConneX$2.8BGROWTH EQUITY VCClal Insurance, CPP Investments
Sep 2026Cognition | Devin AI$2.0BLATE VCAccel, Andreessen Horowitz
Aug 2026Thrive Holdings$2.0BGROWTH EQUITY VCAltimeter Capital, D1 Capital Partners
Jul 2026Anysphere | Cursor$2.0BLATE VCAndreessen Horowitz, Thrive Capital
Aug 2026firmus$2.0BLATE VCNvidia
Aug 2026Yuanxin / Spacesail$1.9BSERIES B
Jul 2026Helsing$1.8BSERIES EDragoneer Investment Group, Lightspeed Venture Partners
See every round in Dealroom

Source: Dealroom.co · Updated 12 Oct 2026

Leading industries

Which industries pull in the most venture capital across Startups worldwide, and where does the Global punch above its weight versus the rest of the world? Use the toggle to switch between absolute VC funding and each industry's over/under-index, and to change the time window. In 2026 Q1-3 (year to date), AI leads at $504.0B, and the Global under-indexes across every tracked industry, and under-indexes most in Fintech, Health relative to the rest of the world. Industries are tracked through Dealroom's industry tags, which overlap, a company spanning, say, AI and fintech is counted in both, so these show where capital concentrates, not a mutually exclusive split of the total.

Unicorns & exits

Startups worldwide have minted 4,126 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 402 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 3,241 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 879 in 2021. On exits, the sector has produced 22,820 tracked exits since 2019 representing $10.7T in disclosed value. Notable exits in the data include SpaceX | xAI ($2.7T, 2026), followed by CATL ($200.0B, 2025), Kuaishou ($150.0B, 2021).

The global startup funnel

Entrepreneurship is a power law. Of every Global startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed Global startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

Loading funnel…

Fetching data.

… Pool of VC-Backed Startups
$100K+ total funding
Yoram Wijngaarde
Curated byYoram WijngaardeFounder & CEO, Dealroom

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