Venture Monitor: The definitive review of the US venture capital ecosystem

PitchBook

Research

35 Pages

The authors review a record setting quarter for U.S. venture capital, but the headline strength was heavily concentrated. Q1 deal value reached $267.2 billion, while excluding the five largest deals would reduce that figure by 73.2%.

Key Takeaways

Mega Deals Dominated: Four deals above $15 billion drove much of Q1’s $267.2 billion in deal value.
Exit Value Concentrated: Q1 exit value reached $347.3 billion, but excluding the five largest exits cuts it by 86.6%.
Fundraising Split Widened: Five VC firms captured 73.1% of new commitments, leaving emerging managers under pressure.

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