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ARTICLE · 02 MARCH 2026

Venture Pulse Q4'25

The global venture capital market closed the year with strong momentum, as Q4'25 investment reached $138 billion — the highest level in 14 quarters — pushing annual VC investment from $391.9 billion in 2024...

Hong KongCorporate/Commercial Law

The global venture capital market closed the year with strong momentum, as Q4'25 investment reached $138 billion — the highest level in 14 quarters — pushing annual VC investment from $391.9 billion in 2024 to more than $500 billion in 2025. This increase occurred despite a sharp decline in deal activity, underscoring a market increasingly driven by fewer, larger transactions. Year-over-year growth in VC investment was fuelled almost entirely by surging capital deployment into AI-focused companies.

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Global highlights of Q4'25

  • VC investment totalled $138.1 billion across 7,981 deals
  • 2025 marked a strong recovery year for global VC activity
  • Corporate VC delivered another strong quarter

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