1、State of VentureGlobal|Q1 2025Global data and analysis on dealmaking,funding,and exits by private market venture companiesState of Venture2 2Make smartersmartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decisions that d

2、rive growth,improve operations,and beat the competition with CB Insights.IIIITry our platform free!Sign up for a free trialState of Venture3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it our way and you could be featu

3、red in the CBI newsletter.us on social LinkedIn X(Twitter)InstagramIIIIDownload the raw dataSign up for a free trialTL;DRTL;DR4Your rundown onventure in Q1251 in 5Venture deals go to AI companies in 2025 so far.At 20%,AI companies share of total deal volume represents the highest share on record.Tha

4、t figure has doubled in just 3 years since OpenAI launchedChatGPT in 2022.Early-stage deals(seed and Series A)made up 70%of AI deals in Q125 down 5 percentage points from full-year 2024.See the data 8Early-stage AI companies raise$100M+deals.Q125 set a new record for the number of early-stage AI meg

5、a-rounds(deals worth$100M+).These companies including Isomorphic Labs,Apptronik,and Lila Sciences raised a combined$1.8B,signaling investors willingness to place big bets on even the youngest AI companies.See the data$2.7MMedian early-stage deal size in 2025 so far a new high.The median early-stage

6、deal has grown from$2M in full-year 2024 to$2.7M in 2025 so far.Combined with the broader contraction in deal volume,it suggests investors are concentrating resources on fewer,more promising opportunities rather than spreading capital across a wide range of startups.See the data 12M&A exits wort