Independent venture intelligenceResearch edition · 19 September 2026
venturetrace

The data desk

The number is only
the beginning.

One provider per series. Every period labelled. Every revision visible. Explore the historical funding cycle without losing the context.

01 / Crunchbase · Global

The funding cycle,
in six reports.

Values as reported in each annual review. These snapshots have different report dates and are not one current database vintage.

Later citations are dated examples, not the latest available totals. 2025 stays at its original value because no later citation is included.

Global venture funding

Six years. Several different markets.

USD · billions

2025 · $425B · Report dated 7 Jan 2026

Source: Crunchbase · Historical annual reportsView data & revisions
Scope includes venture and technology-growth rounds under each report’s rules. Do not calculate a consistent-vintage growth rate from this chart.

The evidence behind the bars

Read the revision.

Download data (.csv)
Covered yearAnnual reportSource dateLater citationLater source date
2020$300B 13 Jan 2021$342B 5 Jan 2023
2021$643B 5 Jan 2022$681B 5 Jan 2023
2022$445B 5 Jan 2023$462B 4 Jan 2024
2023$285B 4 Jan 2024$304B 7 Jan 2025
2024$314B 7 Jan 2025$328B 7 Jan 2026
2025$425B 7 Jan 2026Not included

Crunchbase · Global · USD billions · Retrieved 16 Sep 2026. “Later” is a cited revision, not a claim about the final value.

02 / Different lenses

Same year. Different populations.

Global

$425B

Crunchbase

Venture and growth · 2025

Report 7 Jan 2026

Read source & scope

United States

$320B

PitchBook / NVCA

US venture investment · 2025

Report 13 Apr 2026

Read source & scope

Carta platform

$119.5B

Carta

Customer financings · 2025

Report 18 Feb 2026

Read source & scope

These are not three estimates of the same population. No summing, averaging or cross-provider growth calculations.

Venture Trace / Source inspection
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