SEATTLE | NEW YORK | LONDON | SAN FRANCISCO

The financial information technology trusted by leading investors, companies, and advisors.

Thank you for downloading

The Q4 2024 PitchBook Global Venture First Look

This workbook contains the corresponding charts and tables from the Q4
2024 PitchBook Global Venture First Look. All datasets are current through
December 31, 2024. Please feel free to contact us if you have any questions,
comments, or suggestions for improving this dataset.

Email: pbinstitutionalresearch@pitchbook.com

Contents
Global deal activity 1
Global AI deal activity 2
AI as a share of deal activity 3
Global fundraising activity 4
Global exit activity 5
Global deals x region 6
Global AI deals x region 7
AI's share of deals x region 8
Global fund x region 9
Global exits x region 10
Top deals & exits 11
advisors.

ing
 Global VC deal activity
2015 2016 2017 2018 2019 2020 2021 2022 2023
Deal value ($B) $185.2 $200.9 $219.8 $350.5 $339.1 $376.7 $751.5 $527.4 $349.4
Deal count 30634 31710 34040 38148 39711 41615 57068 54176 43320
Estimated deal count
Actual + estimated deal count
As of 12/31/2024

$800 57068 60000

$700 54176
50000
$600 43320
41615 39350
39711
38148 40000
$500 34040
30634 31710
$400 30000

$300
20000
$200
10000
$185.2

$200.9

$219.8

$350.5

$339.1

$376.7

$751.5

$527.4

$349.4

$368.5
$100

$0 0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Deal value ($B) Deal count Estimated deal count

2015 2015 2015 2015 2016 2016 2016 2016 2017

Global VC deal activity by quarter
2015 2016 201
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Deal value ($B) $42.8 $42.9 $58.0 $41.5 $51.7 $63.6 $43.0 $42.5 $41.3
Deal count 8011 7397 7424 7802 9007 7673 7235 7795 9167
Estimated deal count
Actual + estimated deal count
As of 12/31/2024

$250

$200

$150

$100
$150

$100

$50

$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2015 2016 2017 2018 2019

Deal value ($B) Deal count

 2024
$368.5
35686
3664
39350

60000

50000

39350
40000

30000

20000

10000
$368.5

0
2024

2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020

2017 2018 2019 2020

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
$53.1 $61.0 $64.4 $80.7 $90.9 $81.4 $97.6 $81.6 $74.6 $87.6 $95.3 $76.9
8121 8088 8664 10664 9174 8976 9334 10877 9321 9476 10037 11274

18,000

16,000

14,000

12,000

10,000

8,000

6,000
 14,000

12,000

10,000

8,000

6,000

4,000

2,000

0
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019 2020 2021 2022 2023 2024

lue ($B) Deal count Estimated deal count

 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$78.2 $103.9 $117.6 $164.8 $175.5 $197.8 $213.3 $177.2 $150.5 $105.2 $94.4 $99.4 $85.3 $83.4
9058 9855 11428 14666 13454 13812 15136 16535 13435 12254 11952 12714 10529 9877
 2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
$81.4 $84.0 $91.2 $84.5 $108.8
10200 10546 9531 8586 7023
306 459 543 2356
10852 9990 9129 9379
 Global AI & ML VC deal activity
2015 2016 2017 2018 2019 2020 2021 2022 2023
Deal value ($B) $12.7 $18.9 $29.8 $56.0 $54.7 $68.8 $140.2 $95.7 $86.3
Deal count 2569 3473 4718 6036 6608 7291 10007 9703 8661
As of 12/31/2024

$160 12000

$140 10007
10000
9703 8661
$120 8343
8000
7291
$100
6608
6036
$80 6000
4718
$60
3473 4000

$40 2569

2000

$140.2

$131.5
$20
$12.7

$18.9

$29.8

$56.0

$54.7

$68.8

$95.7

$86.3
$0 0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Deal value ($B) Deal count

Global AI & ML VC deal activity by quarter

2015 2016 201
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Deal value ($B) $2.9 $3.1 $3.6 $3.1 $4.4 $4.7 $4.1 $5.8 $5.4
Deal count 616 621 594 738 903 817 791 962 1209
As of 12/31/2024

$60

$50

$40

$30

$20

$10
$30

$20

$10

$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2015 2016 2017 2018 2019

Deal value ($B)

 2024
$131.5
8343

12000

10000
8661 8343
8000

6000

4000

2000
$131.5
$86.3

0
2023 2024

2017 2018 2019 2020

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
$5.4 $6.7 $12.3 $10.8 $14.7 $13.0 $17.4 $11.7 $12.4 $13.8 $16.8 $12.1
1069 1198 1242 1650 1417 1421 1548 1745 1569 1587 1707 1906

3,500

3,000

2,500

2,000

1,500

1,000

500
 2,000

1,500

1,000

500

0
3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019 2020 2021 2022 2023 2024

Deal value ($B) Deal count

 2020 2021 2022 2023
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$16.1 $17.0 $23.7 $27.9 $37.5 $35.5 $39.3 $30.7 $31.8 $16.8 $16.4 $31.1 $17.5 $15.9
1601 1769 2015 2498 2340 2513 2656 2913 2452 2169 2169 2278 2117 2087
2023 2024
Q4 Q1 Q2 Q3 Q4
$21.9 $24.0 $28.2 $24.0 $55.3
2179 2319 2120 2086 1818
 AI & ML VC deal activity as a share of all global VC deal activity
2015 2016 2017 2018 2019 2020 2021 2022 2023
Share of deal value 6.8% 9.4% 13.6% 16.0% 16.1% 18.3% 18.7% 18.1% 24.7%
Share of deal count 8.4% 11.0% 13.9% 15.8% 16.6% 17.5% 17.5% 17.9% 20.0%
As of 12/31/2024

40%
35.7%
35%

30%

25% 23.4%

20%

15%

10%

5%

0%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Share of deal value Share of deal count

AI & ML VC deal activity as a share of all global VC deal activity by quarter

2015 2016 201
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Share of deal value 6.8% 7.2% 6.2% 7.4% 8.4% 7.3% 9.4% 13.6% 13.0%
Share of deal count 7.7% 8.4% 8.0% 9.5% 10.0% 10.6% 10.9% 12.3% 13.2%
As of 12/31/2024

60%

50%

40%

30%

20%

10%
30%

20%

10%

0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2015 2016 2017 2018 2019

Share of deal value

 2024
35.7%
23.4%

35.7%

23.4%

2023 2024

activity by quarter
2017 2018 2019 2020
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
10.2% 11.0% 19.1% 13.4% 16.2% 16.0% 17.8% 14.4% 16.6% 15.7% 17.7% 15.7%
13.2% 14.8% 14.3% 15.5% 15.4% 15.8% 16.6% 16.0% 16.8% 16.7% 17.0% 16.9%

50.8%

25.9%
 25.9%

3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019 2020 2021 2022 2023 2024

Share of deal value Share of deal count

 2020 2021 2022 2023
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
20.5% 16.4% 20.1% 16.9% 21.3% 18.0% 18.4% 17.3% 21.1% 16.0% 17.4% 31.3% 20.5% 19.0%
17.7% 18.0% 17.6% 17.0% 17.4% 18.2% 17.5% 17.6% 18.3% 17.7% 18.1% 17.9% 20.1% 21.1%
2023 2024
Q4 Q1 Q2 Q3 Q4
26.9% 28.6% 30.9% 28.5% 50.8%
21.4% 22.0% 22.2% 24.3% 25.9%
 Global VC fundraising activity
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Capital raised ($B) $119.2 $199.5 $202.6 $380.3 $274.6 $274.8 $404.4 $357.2 $213.8 $169.7
Fund count 2,189 2,507 2,761 3,119 2,845 3,101 4,283 3,770 2,333 1,344
As of 12/31/2024

$450 4,283 4,500

$400 3,770 4,000

$350 3,119 3,500

3,101
$300 2,761 2,845 3,000
2,507
$250 2,333 2,500
2,189
$200 2,000
1,344
$150 1,500

$100 1,000
$119.2

$199.5

$202.6

$380.3

$274.6

$274.8

$404.4

$357.2

$213.8

$169.7
$50 500

$0 0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Capital raised ($B) Fund count
 4,500

4,000

3,500

3,000

2,333 2,500

2,000
1,344
1,500

1,000
$213.8

$169.7

500

0
2023 2024
 Global VC exit activity
2015 2016 2017 2018 2019 2020 2021 2022
Exit value ($B) $201.3 $198.8 $264.8 $406.9 $463.3 $625.4 $1,580.6 $449.3
Exit count 2307 2204 2362 2576 2802 2936 4636 3754
Estimated exit count
Actual + estimated exit count
As of 12/31/2024

$1,800 4636 5000

$1,600 4500

$1,400 4000
3754 3083 3500
$1,200
2936
2802 3000
$1,000 2576
2307 2362 2500
2204
$800
2000
$600
1500
$400

$1,580.6
1000
$201.3

$198.8

$264.8

$406.9

$463.3

$625.4

$449.3

$335.0

$318.4
$200 500
$0 0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Exit value ($B) Exit count Estimated exit count

Global VC exit activity by quarter

2015 2016
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Exit value ($B) $41.5 $55.9 $45.2 $58.7 $55.9 $42.9 $56.5 $43.4
Exit count 609 602 544 552 606 502 533 563
Estimated exit count
Actual + estimated exit count
As of 12/31/2024

$500
$450
$400
$350
$300
$250
$200
$150
$100
$50
$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017 2018 2019 2020 2021
$200
$150
$100
$50
$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017 2018 2019 2020 2021

Exit value ($B) Exit count Estimated ex

 2023 2024
$335.0 $318.4
3010 2719
364
3083

5000
4500
4000
54 3083 3500
3000
2500
2000
1500
1000
$335.0

$318.4

500
0
22 2023 2024
nt

2017 2018 2019

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
$66.3 $54.3 $51.8 $92.5 $58.4 $123.4 $144.8 $80.3 $87.8 $193.1 $99.0 $83.4
649 563 558 592 705 627 601 643 731 683 668 720

1,400

1,200

1,000

800

600

400

200

0
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
9 2020 2021 2022 2023 2024
 600

400

200

0
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
9 2020 2021 2022 2023 2024

Exit count Estimated exit count

 2020 2021 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
$67.0 $99.8 $231.3 $227.3 $378.0 $377.4 $394.6 $430.7 $133.5 $106.7 $122.8 $86.2
724 574 743 895 1117 1075 1193 1251 1084 1002 853 815
 2023 2024
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
$63.0 $82.5 $109.7 $79.9 $65.1 $87.9 $71.3 $94.2
849 739 745 677 698 675 684 662
26 36 94 208
724 711 778 870
 Global VC deal count by region
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America 12778 11875 12756 13666 14934 15024 20903 19384 15707 14635
Europe 7412 7857 8936 10292 11186 11970 14981 14249 11410 8760
Asia 9284 10699 10761 12196 11250 11984 16897 16250 13059 9807
Latin America 363 382 468 634 726 809 1349 1401 990 751
Rest of world 797 897 1119 1360 1615 1828 2938 2892 2154 1733
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world
60000
Latin America
Asia
Europe
50000
North America

40000

30000

20000

10000

0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Global VC deal value ($B) by region

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America $89.1 $85.9 $94.1 $150.9 $159.6 $179.1 $368.3 $248.1 $168.9 $216.4
Europe $21.7 $22.2 $29.7 $38.3 $47.3 $58.7 $126.1 $106.9 $66.7 $61.6
Asia $71.4 $89.8 $91.3 $154.0 $123.4 $129.1 $225.3 $146.8 $100.1 $75.9
Latin America $1.0 $0.8 $1.7 $2.8 $4.5 $4.6 $16.4 $9.3 $3.6 $4.7
Rest of world $2.0 $2.2 $3.0 $4.5 $4.3 $5.2 $15.3 $16.3 $10.2 $10.0
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

$800 Rest of world

Latin America
$700 Asia
Europe
North America
$600

$500

$400
 Latin America
$700 Asia
Europe
North America
$600

$500

$400

$300

$200

$100

$0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly global VC deal count by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America 3471 3301 3036 2970 3532 2910 2754 2679 3479 3132 3062
Europe 2085 1763 1606 1958 2143 1910 1715 2089 2458 2080 2005
Asia 2061 2076 2537 2610 2902 2583 2483 2731 2685 2552 2692
Latin America 122 85 81 75 144 75 76 87 159 105 107
Rest of world 272 172 164 189 286 195 207 209 386 252 222
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America
Rest of world
Latin America 18000
Asia
Europe 16000
North America
14000

12000

10000

8000

6000

4000

2000

0
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q
2015 2016 2017 2018 2019 2020 2021 2022

2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly global VC deal value ($B) by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America $22.1 $22.0 $23.9 $21.1 $22.5 $26.8 $19.1 $17.6 $19.6 $24.0 $26.1
Europe $5.2 $5.4 $5.6 $5.4 $6.5 $5.2 $4.9 $5.6 $5.6 $7.3 $7.5
Asia $14.8 $14.3 $27.7 $14.5 $21.8 $30.9 $18.4 $18.6 $15.0 $20.0 $26.5
Latin America $0.3 $0.5 $0.2 $0.1 $0.2 $0.2 $0.2 $0.2 $0.4 $0.7 $0.3
Rest of world $0.4 $0.6 $0.5 $0.5 $0.7 $0.6 $0.4 $0.4 $0.7 $1.1 $0.6
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

$250

$200
$250

$200

$150

$100

$50

$0
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q
2015 2016 2017 2018 2019 2020 2021 2022
 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020

2017 2018 2019 2020

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
3083 3790 3280 3170 3426 4142 3614 3600 3578 4334 3255 3508
2393 2874 2393 2279 2746 3077 2706 2567 2836 3308 2667 2635
2832 3286 3097 3091 2722 2925 2528 2776 3021 2779 2604 3106
97 219 147 135 133 214 155 166 191 245 163 187
259 495 257 301 307 519 318 367 411 608 369 419

Rest of world
Latin America
Asia
Europe
North America

2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2020 2021 2022 2023 2024

2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020

2017 2018 2019 2020

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$24.3 $32.8 $33.3 $35.9 $48.7 $42.9 $39.7 $40.0 $36.9 $40.6 $39.9 $49.5
$9.3 $10.2 $8.6 $8.7 $10.9 $12.0 $12.2 $11.3 $11.8 $11.4 $11.8 $17.9
$29.9 $35.9 $47.8 $34.9 $35.4 $25.0 $20.0 $34.1 $44.3 $22.4 $24.7 $34.1
$0.3 $0.7 $0.3 $0.6 $1.2 $0.6 $1.8 $1.3 $0.9 $0.9 $0.8 $1.4
$0.6 $1.0 $0.9 $1.3 $1.3 $1.1 $0.8 $1.0 $1.4 $1.6 $1.1 $1.0

Rest of world
Latin America
Asia
Europe
North America
 Rest of world
Latin America
Asia
Europe
North America

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2020 2021 2022 2023 2024
 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
3927 5544 5038 5039 5282 6007 4954 4325 4098 4494 3904 3580
3360 4109 3650 3280 3942 4376 3602 3122 3149 3531 2812 2435
3495 3906 3824 4426 4741 4717 3827 3940 3766 3643 3119 3192
214 326 275 371 377 424 355 297 325 356 229 197
432 781 667 696 794 1011 697 570 614 690 465 473

2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$49.1 $82.4 $89.3 $93.4 $103.2 $83.8 $77.5 $46.4 $40.3 $55.3 $37.7 $36.0
$17.6 $27.0 $38.1 $30.1 $30.9 $35.8 $31.0 $20.2 $19.8 $14.4 $15.9 $20.6
$47.9 $51.2 $41.1 $62.3 $70.8 $47.6 $34.9 $34.2 $30.2 $26.7 $28.4 $23.0
$1.6 $1.6 $3.6 $7.1 $4.1 $4.0 $2.7 $1.7 $0.9 $0.7 $0.7 $1.0
$1.6 $2.6 $3.3 $5.0 $4.4 $5.9 $4.5 $2.7 $3.2 $2.3 $2.6 $2.8
 2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
3729 4128 3955 3544 3008
2632 2748 2359 2009 1644
3105 2900 2588 2465 1854
208 216 183 196 156
526 554 446 372 361

2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
$39.9 $42.0 $51.0 $46.3 $77.1
$15.8 $15.4 $17.5 $13.6 $15.1
$22.1 $22.5 $19.4 $21.8 $12.2
$1.1 $0.9 $1.3 $1.1 $1.5
$2.4 $3.2 $2.1 $1.7 $3.0
 Global AI & ML VC deal count by region
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America 1139 1466 1937 2371 2669 2861 4081 4021 3841 4201
Europe 659 850 1221 1626 1802 2105 2696 2659 2358 2039
Asia 719 1057 1403 1821 1849 1990 2713 2501 2000 1704
Latin America 15 29 59 85 77 104 160 164 142 132
Rest of world 37 71 98 133 211 231 357 358 320 267
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world
12000
Latin America
Asia
Europe
10000
North America

8000

6000

4000

2000

0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Global AI & ML VC deal value ($B) by region

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America $7.3 $10.5 $13.3 $23.9 $32.9 $38.8 $87.0 $57.6 $60.0 $99.1
Europe $1.4 $1.9 $3.5 $5.7 $6.2 $9.2 $18.3 $17.7 $12.7 $15.8
Asia $3.8 $6.3 $12.7 $25.9 $14.7 $20.0 $32.4 $18.3 $12.3 $14.7
Latin America $0.0 $0.0 $0.1 $0.1 $0.1 $0.2 $0.9 $0.4 $0.4 $0.5
Rest of world $0.1 $0.1 $0.1 $0.3 $0.7 $0.6 $1.7 $1.7 $0.9 $1.6
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

$160 Rest of world

Latin America
$140 Asia
Europe
North America
$120

$100

$80
 Latin America
$140 Asia
Europe
North America
$120

$100

$80

$60

$40

$20

$0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly global AI & ML VC deal count by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America 291 303 242 303 405 350 340 371 519 458 474
Europe 164 156 135 204 219 201 174 256 336 254 309
Asia 145 152 206 216 250 244 251 312 306 307 389
Latin America 6 6 3 0 9 5 7 8 18 18 13
Rest of world 10 4 8 15 20 17 19 15 30 32 13
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America
Rest of world
Latin America 3500
Asia
Europe
3000
North America

2500

2000

1500

1000

500

0
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q
2015 2016 2017 2018 2019 2020 2021 2022

2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly global AI & ML VC deal value ($B) by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America $1.7 $2.1 $1.6 $1.9 $3.0 $2.3 $2.3 $2.9 $2.6 $3.3 $3.6
Europe $0.3 $0.3 $0.4 $0.4 $0.5 $0.5 $0.3 $0.5 $0.6 $0.7 $1.1
Asia $0.8 $0.7 $1.7 $0.7 $0.7 $1.7 $1.4 $2.4 $2.1 $1.4 $1.9
Latin America $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.1 $0.0 $0.0
Rest of world $0.0 $0.0 $0.0 $0.1 $0.0 $0.1 $0.0 $0.0 $0.0 $0.0 $0.0
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

$60

$50

$40
$60

$50

$40

$30

$20

$10

$0
Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q
2015 2016 2017 2018 2019 2020 2021 2022
 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020

2017 2018 2019 2020

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
486 637 543 572 619 736 652 646 635 811 585 677
322 450 371 373 432 476 436 409 481 526 510 503
401 496 462 423 440 448 422 470 509 464 438 517
10 31 16 20 18 20 20 12 25 31 18 23
23 36 25 33 39 65 39 50 57 74 50 49

Rest of world
Latin America
Asia
Europe
North America

2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2020 2021 2022 2023 2024

2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020

2017 2018 2019 2020

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$3.8 $4.7 $5.6 $5.9 $7.7 $7.7 $7.9 $9.4 $7.9 $7.4 $8.8 $10.0
$1.1 $1.2 $1.3 $1.4 $1.8 $1.7 $1.6 $1.4 $1.6 $2.0 $2.3 $2.2
$7.4 $4.8 $7.7 $5.7 $7.7 $2.1 $2.7 $2.8 $7.0 $2.5 $4.8 $4.6
$0.0 $0.0 $0.0 $0.0 $0.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.1
$0.1 $0.1 $0.1 $0.0 $0.1 $0.2 $0.1 $0.1 $0.2 $0.1 $0.2 $0.1

Rest of world
Latin America
Asia
Europe
North America
 Rest of world
Latin America
Asia
Europe
North America

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4
2020 2021 2022 2023 2024
 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
788 1034 964 1015 1068 1231 1040 912 838 953 968 926
566 713 642 611 730 780 695 571 613 693 576 513
571 624 629 747 713 730 593 591 587 495 476 537
32 40 35 46 39 40 43 30 51 47 33 33
58 87 70 94 106 132 81 65 80 90 64 78

2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$12.6 $16.5 $24.7 $21.6 $24.2 $18.1 $20.8 $9.4 $9.3 $25.7 $10.7 $9.0
$2.7 $4.0 $5.2 $4.6 $4.5 $5.7 $5.3 $3.8 $2.9 $2.9 $3.2 $3.1
$8.1 $7.1 $7.3 $8.4 $9.6 $6.1 $5.3 $3.2 $3.6 $2.2 $3.3 $3.4
$0.1 $0.1 $0.1 $0.1 $0.6 $0.1 $0.2 $0.1 $0.1 $0.1 $0.1 $0.1
$0.2 $0.2 $0.2 $0.8 $0.4 $0.6 $0.3 $0.3 $0.5 $0.2 $0.3 $0.2
 2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
994 1105 1080 1060 956
576 606 520 501 412
492 492 430 421 361
29 37 22 46 27
88 79 68 58 62

2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
$14.7 $14.7 $20.3 $17.0 $47.1
$3.5 $2.9 $5.0 $3.1 $4.8
$3.3 $6.2 $2.5 $3.5 $2.5
$0.1 $0.1 $0.1 $0.1 $0.2
$0.2 $0.2 $0.3 $0.3 $0.8
 AI & ML VC deals as a share of all global VC deal count by region
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America 8.9% 12.3% 15.2% 17.3% 17.9% 19.0% 19.5% 20.7% 24.5% 28.7%
Europe 8.9% 10.8% 13.7% 15.8% 16.1% 17.6% 18.0% 18.7% 20.7% 23.3%
Asia 7.7% 9.9% 13.0% 14.9% 16.4% 16.6% 16.1% 15.4% 15.3% 17.4%
Latin America 4.1% 7.6% 12.6% 13.4% 10.6% 12.9% 11.9% 11.7% 14.3% 17.6%
Rest of world 4.6% 7.9% 8.8% 9.8% 13.1% 12.6% 12.2% 12.4% 14.9% 15.4%
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

North America
35%
Europe
Asia
30% Latin America
Rest of world

25%

20%

15%

10%

5%

0%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

AI & ML VC deals as a share of all global VC deal value by region

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America 8.2% 12.2% 14.1% 15.8% 20.6% 21.7% 23.6% 23.2% 35.5% 45.8%
Europe 6.5% 8.4% 11.7% 14.8% 13.2% 15.6% 14.5% 16.6% 19.0% 25.6%
Asia 5.4% 7.0% 14.0% 16.8% 11.9% 15.5% 14.4% 12.4% 12.3% 19.3%
Latin America 1.0% 6.0% 8.3% 4.8% 1.9% 5.0% 5.4% 4.5% 11.2% 9.7%
Rest of world 4.0% 6.2% 4.8% 7.3% 15.7% 11.5% 10.8% 10.3% 9.3% 15.7%
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

50% North America

Europe
45% Asia
Latin America
40%
Rest of world
35%

30%

25%
 Europe
45% Asia
Latin America
40%
Rest of world
35%

30%

25%

20%

15%

10%

5%

0%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly AI & ML VC deals as a share of all global VC deal value by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America 8.4% 9.2% 8.0% 10.2% 11.5% 12.0% 12.3% 13.8% 14.9% 14.6% 15.5%
Europe 7.9% 8.8% 8.4% 10.4% 10.2% 10.5% 10.1% 12.3% 13.7% 12.2% 15.4%
Asia 7.0% 7.3% 8.1% 8.3% 8.6% 9.4% 10.1% 11.4% 11.4% 12.0% 14.5%
Latin America 4.9% 7.1% 3.7% 0.0% 6.3% 6.7% 9.2% 9.2% 11.3% 17.1% 12.1%
Rest of world 3.7% 2.3% 4.9% 7.9% 7.0% 8.7% 9.2% 7.2% 7.8% 12.7% 5.9%
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America
North America
Europe 35%
Asia
Latin America
30%
Rest of world

25%

20%

15%

10%

5%

0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017 2018 2019 2020

2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly AI & ML VC deals as a share of all global VC deal value by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America 7.8% 9.7% 6.6% 8.9% 13.6% 8.7% 11.9% 16.4% 13.1% 13.8% 13.9%
Europe 6.1% 5.4% 6.4% 8.3% 8.5% 9.4% 7.1% 8.6% 11.0% 9.2% 15.0%
Asia 5.7% 4.7% 6.0% 4.7% 3.4% 5.6% 7.6% 12.9% 14.0% 7.0% 7.1%
Latin America 2.8% 0.2% 0.8% 0.0% 3.0% 22.0% 1.3% 0.7% 15.0% 2.1% 12.1%
Rest of world 1.3% 0.8% 3.1% 11.5% 2.3% 11.0% 8.0% 4.6% 2.1% 2.5% 4.8%
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

70%

60%

50%
70%

60%

50%

40%

30%

20%

10%

0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017 2018 2019 2020
 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020
lue by region
2017 2018 2019 2020
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
15.8% 16.8% 16.6% 18.0% 18.1% 17.8% 18.0% 17.9% 17.7% 18.7% 18.0% 19.3%
13.5% 15.7% 15.5% 16.4% 15.7% 15.5% 16.1% 15.9% 17.0% 15.9% 19.1% 19.1%
14.2% 15.1% 14.9% 13.7% 16.2% 15.3% 16.7% 16.9% 16.8% 16.7% 16.8% 16.6%
10.3% 14.2% 10.9% 14.8% 13.5% 9.3% 12.9% 7.2% 13.1% 12.7% 11.0% 12.3%
8.9% 7.3% 9.7% 11.0% 12.7% 12.5% 12.3% 13.6% 13.9% 12.2% 13.6% 11.7%

North America
Europe
Asia
Latin America
Rest of world

1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019 2020 2021 2022 2023 2024

2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020
lue by region
2017 2018 2019 2020
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
15.5% 14.3% 16.9% 16.3% 15.8% 18.0% 19.8% 23.6% 21.4% 18.2% 22.1% 20.2%
11.3% 12.1% 15.0% 15.9% 16.3% 13.9% 13.0% 12.1% 13.5% 17.8% 19.2% 12.3%
24.6% 13.3% 16.1% 16.4% 21.9% 8.4% 13.6% 8.4% 15.9% 11.1% 19.3% 13.5%
10.0% 4.7% 5.5% 1.4% 6.4% 2.2% 1.1% 0.8% 4.8% 4.5% 2.4% 7.3%
11.8% 8.2% 10.1% 3.4% 8.7% 18.8% 18.4% 10.5% 15.4% 8.1% 17.7% 8.7%

North America
Europe
Asia
Latin America
Rest of world
 North America
Europe
Asia
Latin America
Rest of world

1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2019 2020 2021 2022 2023 2024
 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
20.1% 18.7% 19.1% 20.1% 20.2% 20.5% 21.0% 21.1% 20.4% 21.2% 24.8% 25.9%
16.8% 17.4% 17.6% 18.6% 18.5% 17.8% 19.3% 18.3% 19.5% 19.6% 20.5% 21.1%
16.3% 16.0% 16.4% 16.9% 15.0% 15.5% 15.5% 15.0% 15.6% 13.6% 15.3% 16.8%
15.0% 12.3% 12.7% 12.4% 10.3% 9.4% 12.1% 10.1% 15.7% 13.2% 14.4% 16.8%
13.4% 11.1% 10.5% 13.5% 13.4% 13.1% 11.6% 11.4% 13.0% 13.0% 13.8% 16.5%

2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
25.8% 20.0% 27.6% 23.1% 23.5% 21.6% 26.8% 20.2% 23.1% 46.5% 28.3% 24.9%
15.2% 14.9% 13.7% 15.1% 14.6% 15.9% 17.2% 18.9% 14.5% 20.0% 19.8% 15.2%
16.9% 13.9% 17.6% 13.6% 13.6% 12.9% 15.1% 9.5% 12.0% 8.2% 11.8% 14.8%
4.5% 7.1% 2.8% 1.4% 13.9% 1.6% 5.7% 5.5% 11.8% 14.7% 7.8% 11.3%
12.6% 6.4% 6.7% 16.9% 9.7% 10.8% 5.9% 10.9% 15.0% 10.3% 10.9% 8.5%
 2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
26.7% 26.8% 27.3% 29.9% 31.8%
21.9% 22.1% 22.0% 24.9% 25.1%
15.8% 17.0% 16.6% 17.1% 19.5%
13.9% 17.1% 12.0% 23.5% 17.3%
16.7% 14.3% 15.2% 15.6% 17.2%

2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
36.8% 34.9% 39.8% 36.8% 61.0%
22.4% 18.9% 28.5% 23.0% 31.6%
15.1% 27.4% 12.9% 15.9% 20.5%
11.0% 9.3% 6.2% 10.3% 12.6%
7.5% 5.8% 13.0% 17.6% 27.2%
 Global VC fund count by region
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America 594 658 706 817 834 978 1671 1686 964 529
Europe 240 264 276 316 326 380 446 483 219 173
Asia 1301 1518 1702 1908 1607 1626 2004 1401 1054 586
Latin America 17 21 17 37 26 37 52 50 33 14
Rest of world 37 46 60 41 52 80 110 150 63 42
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world
4500
Latin America
Asia
4000
Europe
North America
3500

3000

2500

2000

1500

1000

500

0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 Global VC capital raised ($B) by region
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America $42.3 $53.7 $49.6 $106.0 $75.4 $99.5 $178.9 $193.1 $99.1 $78.4
Europe $12.6 $19.9 $25.4 $20.0 $26.8 $33.9 $39.8 $36.1 $22.6 $22.2
Asia $60.2 $122.7 $124.8 $249.9 $168.9 $136.8 $175.3 $113.7 $86.0 $64.2
Latin America $0.4 $0.5 $0.4 $1.3 $1.4 $1.0 $2.8 $1.9 $2.2 $0.4
Rest of world $3.8 $2.7 $2.4 $3.0 $2.1 $3.6 $7.6 $12.4 $3.9 $4.6
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world
$450
Latin America
Asia
$400
Europe
North America
$350

$300

$250

$200

$150

$100

$50

$0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Rest of world
Latin America
Asia
Europe
North America
 Global VC exit count by region
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America 1216 1141 1199 1387 1448 1405 2224 1566 1233 1183
Europe 662 603 689 684 781 805 1366 1181 960 858
Asia 363 378 383 416 454 558 763 785 656 521
Latin America 23 28 24 35 43 65 122 99 65 55
Rest of world 43 54 67 54 76 103 161 123 96 102
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world
5000
Latin America
4500 Asia
Europe
4000 North America

3500

3000

2500

2000

1500

1000

500

0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Global VC exit value ($B) by region

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
North America $115.9 $101.7 $150.1 $181.6 $316.7 $349.7 $857.4 $155.9 $128.4 $153.8
Europe $39.3 $34.6 $35.9 $69.9 $40.9 $42.1 $222.3 $69.4 $45.5 $66.9
Asia $39.0 $59.8 $74.7 $150.0 $99.1 $221.8 $440.8 $210.3 $153.4 $91.5
Latin America $0.6 $1.2 $1.0 $2.8 $1.6 $2.5 $49.9 $3.7 $3.6 $1.9
Rest of world $6.5 $1.5 $3.1 $2.7 $5.0 $9.3 $10.2 $10.0 $4.1 $4.3
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world
$1,800
Latin America
Asia
$1,600
Europe
North America
$1,400

$1,200

$1,000
 Latin America
Asia
$1,600
Europe
North America
$1,400

$1,200

$1,000

$800

$600

$400

$200

$0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly global VC exit count by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America 323 308 300 285 335 273 272 261 334 290 277
Europe 189 164 150 159 156 144 134 169 192 167 161
Asia 78 109 81 95 87 71 106 114 97 83 101
Latin America 8 8 4 3 13 3 6 6 8 6 4
Rest of world 11 13 9 10 15 11 15 13 18 17 15
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

Rest of world 1400

Latin America
Asia
Europe 1200
North America
1000

800

600

400

200

0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2015 2016 2017 2018 2019 2020 2021 2022

2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017
Quarterly global VC exit value ($B) by region
2015 2016 2017
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
North America $23.3 $27.9 $33.4 $31.2 $24.3 $26.9 $31.6 $18.9 $46.9 $30.1 $26.9
Europe $10.6 $11.7 $6.9 $10.1 $10.9 $8.8 $6.1 $8.9 $9.6 $11.1 $7.1
Asia $7.1 $14.5 $4.3 $13.2 $19.8 $6.8 $18.5 $14.7 $9.4 $10.7 $17.3
Latin America $0.2 $0.2 $0.1 $0.1 $0.7 $0.1 $0.2 $0.2 $0.2 $0.5 $0.1
Rest of world $0.3 $1.5 $0.5 $4.1 $0.3 $0.3 $0.2 $0.7 $0.2 $1.9 $0.5
As of 12/31/2024
** North America excluding Mexico, which is included in Latin America

$500

$450

$400

$350
$500

$450

$400

$350

$300

$250

$200

$150

$100

$50

$0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2015 2016 2017 2018 2019 2020 2021
 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020

2017 2018 2019 2020

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
298 404 330 328 325 368 404 346 330 356 253 323
169 184 176 144 180 229 175 182 195 216 175 179
102 96 99 109 112 101 76 115 162 122 117 184
6 11 8 7 9 11 10 13 9 11 9 26
17 10 14 13 17 22 18 12 24 19 20 31

Rest of world
Latin America
Asia
Europe
North America

2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
020 2021 2022 2023 2024

2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020

2017 2018 2019 2020

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$46.3 $41.4 $50.8 $43.1 $46.4 $65.6 $156.9 $56.5 $37.7 $28.6 $46.1 $113.2
$8.1 $6.5 $37.4 $14.1 $12.0 $9.7 $6.7 $11.2 $13.3 $7.7 $10.1 $11.9
$37.4 $9.1 $34.0 $85.8 $21.0 $11.3 $27.0 $30.3 $30.4 $26.6 $42.8 $101.9
$0.2 $1.3 $0.4 $0.7 $0.4 $0.3 $0.3 $0.5 $0.5 $0.5 $0.4 $1.1
$0.5 $0.1 $0.8 $1.2 $0.6 $0.9 $2.2 $0.5 $1.4 $3.7 $0.5 $3.4

Rest of world
Latin America
Asia
Europe
North America
 Rest of world
Latin America
Asia
Europe
North America

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2020 2021 2022 2023 2024
 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
473 506 543 563 612 482 423 348 313 354 306 296
235 358 323 347 338 332 326 269 254 283 235 230
135 191 152 204 216 203 194 178 210 174 151 177
19 27 22 35 38 31 30 24 14 14 23 16
33 35 35 44 47 36 29 34 24 24 24 26

2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023

2020 2021 2022 2023

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$161.8 $135.3 $259.5 $239.6 $223.0 $54.6 $44.9 $34.0 $22.3 $24.8 $20.0 $54.0
$12.4 $45.7 $42.2 $98.9 $35.5 $24.5 $17.4 $13.5 $14.1 $11.7 $10.3 $11.4
$50.6 $194.2 $68.2 $51.1 $127.3 $48.1 $40.0 $73.2 $48.9 $25.1 $50.4 $41.4
$0.6 $1.3 $4.6 $2.2 $41.8 $1.2 $1.3 $0.9 $0.3 $0.9 $0.6 $1.5
$1.8 $1.5 $2.9 $2.8 $3.1 $5.1 $3.1 $1.1 $0.6 $0.5 $1.2 $1.3
 2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
277 300 310 288 285
212 218 207 226 207
154 136 119 138 128
12 20 15 9 11
22 24 24 23 31

2023 2024 2024 2024 2024

2023 2024
Q4 Q1 Q2 Q3 Q4
$29.7 $38.9 $48.1 $28.7 $38.1
$12.1 $10.3 $22.9 $20.4 $13.2
$36.5 $14.4 $15.2 $20.5 $41.3
$0.6 $0.5 $0.6 $0.4 $0.4
$1.1 $0.9 $1.0 $1.2 $1.1
Top Global VC Deals by value ($M) in 2024
Company PBID Company Round PBID Close Date Deal Size ($M)
59199-40 Databricks 277476-58T 17-Dec-24 $10,000.0
149504-14 OpenAI 243849-70T 02-Oct-24 $6,600.0
533035-45 xAI 275999-77T 23-Dec-24 $6,000.1
533035-45 xAI 250364-53T 26-May-24 $6,000.0
169143-76 Waymo 267779-08T 25-Oct-24 $5,600.0
466959-97 Anthropic 276864-04T 22-Nov-24 $4,000.0
466959-97 Anthropic 241898-32T 31-Mar-24 $4,000.0
593520-22 Mobii Green Energy Group 274048-39T 29-Sep-24 $2,000.0
223456-87 Juul Labs 233211-07T 22-Nov-24 $1,984.4
731191-06 DayOne (Systems and Information Management) 281034-19T 01-Jan-24 $1,900.0
As of 12/31/2024

Top Asia VC Deals by Size ($M) in 2024

Company PBID Company Round PBID Close Date Deal Size ($M)
593520-22 Mobii Green Energy Group 274048-39T 29-Sep-24 $2,000.0
731191-06 DayOne (Systems and Information Management) 281034-19T 01-Jan-24 $1,900.0
55596-70 Lazada 232241-95T 07-Apr-24 $1,726.7
472269-34 WSB Real Estate Partners 280380-70T 29-May-24 $1,500.0
539286-22 Changxin Xinqiao 273657-25T 05-Sep-24 $1,151.4
454488-31 IM Motors 253384-21T 01-Mar-24 $1,117.5
496450-45 CNNP Rich Energy 277943-59T 16-Nov-24 $1,105.0
52598-44 Flipkart 248173-93T 24-May-24 $1,000.0
529062-76 Moonshot AI (China) 252512-02T 19-Feb-24 $1,000.0
655320-61 China Hydrogen Energy Technology 272566-72T 08-Aug-24 $1,000.0
As of 12/31/2024

Top Global VC exits by Size ($M) in 2024

Company PBID Company Round PBID Close Date Exit Size ($M)
97877-17 Puig 241265-89T 03-May-24 $13,583.3
111099-25 Swiggy 262560-25T 13-Nov-24 $9,840.4
364360-42 Systimmune 266372-74T 17-Apr-24 $8,400.0
156723-13 Horizon Robotics 256026-97T 24-Oct-24 $5,992.6
164234-62 Tempus AI 254290-96T 14-Jun-24 $5,719.2
60104-71 ServiceTitan 277835-05T 12-Dec-24 $5,640.0
497218-96 Onconic Therapeutics 280533-34T 19-Dec-24 $5,031.6
53903-53 Reddit 252776-08T 21-Mar-24 $4,886.4
265215-34 Astera Labs 248094-64T 20-Mar-24 $4,885.7
110488-87 Rubrik 254601-37T 25-Apr-24 $4,877.9
As of 12/31/2024

Top Asia VC exits by Size ($M) in 2024

Company PBID Company Round PBID Close Date Exit Size ($M)
97877-17 Puig 241265-89T 03-May-24 $13,583.3
111099-25 Swiggy 262560-25T 13-Nov-24 $9,840.4
364360-42 Systimmune 266372-74T 17-Apr-24 $8,400.0
156723-13 Horizon Robotics 256026-97T 24-Oct-24 $5,992.6
164234-62 Tempus AI 254290-96T 14-Jun-24 $5,719.2
60104-71 ServiceTitan 277835-05T 12-Dec-24 $5,640.0
497218-96 Onconic Therapeutics 280533-34T 19-Dec-24 $5,031.6
53903-53 Reddit 252776-08T 21-Mar-24 $4,886.4
265215-34 Astera Labs 248094-64T 20-Mar-24 $4,885.7
110488-87 Rubrik 254601-37T 25-Apr-24 $4,877.9
As of 12/31/2024
Pre Value ($M) Post Value ($M) Deal Type Deal Series
$52,000.0 $62,000.00 Later Stage VC Series J
$150,400.0 $157,000.00 Later Stage VC Series B
$43,999.9 $50,000.00 Later Stage VC Series C
$18,000.0 $24,000.00 Early Stage VC Series B
$39,400.0 $45,000.00 Later Stage VC Series C
Later Stage VC
Later Stage VC
Later Stage VC
Later Stage VC
Early Stage VC

Pre Value ($M) Post Value ($M) Deal Type Deal Series
Later Stage VC
Early Stage VC
Later Stage VC
Later Stage VC
$6,150.1 $7,301.52 Early Stage VC
Early Stage VC Series B
$4,709.2 $4,849.19 Later Stage VC
$35,000.0 $36,000.00 Later Stage VC
$1,500.0 $2,500.00 Early Stage VC Series B
Later Stage VC

Pre Value ($M) Post Value ($M) Deal Type Deal Series
$13,583.3 $14,923.40 IPO PIPE
$9,840.4 $10,375.17 IPO
$8,400.00 Merger/Acquisition
$5,992.6 $6,688.17 IPO PIPE
$5,719.2 $6,129.85 IPO
$5,640.0 $6,264.85 IPO
$5,031.6 $6,138.25 IPO
$4,886.4 $5,405.77 IPO
$4,885.7 $5,597.03 IPO
$4,877.9 $5,629.88 IPO

Pre Value ($M) Post Value ($M) Deal Type Deal Series
$13,583.3 $14,923.40 IPO PIPE
$9,840.4 $10,375.17 IPO
$8,400.00 Merger/Acquisition
$5,992.6 $6,688.17 IPO PIPE
$5,719.2 $6,129.85 IPO
$5,640.0 $6,264.85 IPO
$5,031.6 $6,138.25 IPO
$4,886.4 $5,405.77 IPO
$4,885.7 $5,597.03 IPO
$4,877.9 $5,629.88 IPO
 Investor(s) Industry Sector
Andreessen Horowitz, Avenir Growth Capital, DST Information Technology
A.Capital Ventures, Access Ventures (New York), Information Technology
Abstract Ventures, Advanced Micro Devices, AJI C Information Technology
369 Growth Partners, Access Ventures (New York) Information Technology
Alphabet, Andreessen Horowitz, Fidelity Managem Consumer Products and Services (B2C)
Amazon.com, DNX Ventures, Gemini Capital, G Business Products and Services (B2B)
Amazon.com, Capitalis Partners, Ossian Capital Business Products and Services (B2B)
Business Products and Services (B2B)
Consumer Products and Services (B2C)
Coatue Management, Kenneth Griffin, SoftBank I Information Technology

Investor(s) Industry Sector

Business Products and Services (B2B)
Coatue Management, Kenneth Griffin, SoftBank I Information Technology
Alibaba Group Consumer Products and Services (B2C)
Sequoia Capital Financial Services
Hefei Industry Investment Group Information Technology
ABC Financial Assets Investment, Bank of Commu Consumer Products and Services (B2C)
China Life Insurance Asset Management, China N Energy
Alphabet, Shoreline International, Walmart Consumer Products and Services (B2C)
5Y Capital, Alibaba Group, HongShan, Lanchi Ven Information Technology
George H. W. Bush Foundation for U.S.-China Rel Energy

Investor(s) Industry Sector

CriteriaCaixa Consumer Products and Services (B2C)
Consumer Products and Services (B2C)
Bristol-Myers Squibb Healthcare
Alibaba Group, Baidu, Beijing Financial Holdings Information Technology
Healthcare
Information Technology
Healthcare
Information Technology
Information Technology
Information Technology

Investor(s) Industry Sector

CriteriaCaixa Consumer Products and Services (B2C)
Consumer Products and Services (B2C)
Bristol-Myers Squibb Healthcare
Alibaba Group, Baidu, Beijing Financial Holdings Information Technology
Healthcare
Information Technology
Healthcare
Information Technology
Information Technology
Information Technology
 Industry Group Industry Code
Software Business/Productivity Software
Software Business/Productivity Software
Software Business/Productivity Software
Software Business/Productivity Software
Transportation Automotive
Commercial Services Media and Information Services (B2B)
Commercial Services Media and Information Services (B2B)
Commercial Services Environmental Services (B2B)
Consumer Non-Durables Other Consumer Non-Durables
IT Services Systems and Information Management

Industry Group Industry Code

Commercial Services Environmental Services (B2B)
IT Services Systems and Information Management
Retail Internet Retail
Capital Markets/Institutions Private Equity
Semiconductors Production (Semiconductors)
Transportation Automotive
Energy Services Energy Infrastructure
Retail Internet Retail
Software Business/Productivity Software
Energy Equipment Alternative Energy Equipment

Industry Group Industry Code

Consumer Non-Durables Personal Products
Restaurants, Hotels and Leisure Other Restaurants, Hotels and Leisure
Pharmaceuticals and Biotechno Drug Discovery
Semiconductors Application Specific Semiconductors
Pharmaceuticals and Biotechno Biotechnology
Software Business/Productivity Software
Pharmaceuticals and Biotechno Drug Discovery
Software Social/Platform Software
Semiconductors Application Specific Semiconductors
Software Network Management Software

Industry Group Industry Code

Consumer Non-Durables Personal Products
Restaurants, Hotels and Leisure Other Restaurants, Hotels and Leisure
Pharmaceuticals and Biotechno Drug Discovery
Semiconductors Application Specific Semiconductors
Pharmaceuticals and Biotechno Biotechnology
Software Business/Productivity Software
Pharmaceuticals and Biotechno Drug Discovery
Software Social/Platform Software
Semiconductors Application Specific Semiconductors
Software Network Management Software
 Vertical City State
Artificial Intelligence & Machine Learning, Big Data, SaaS San Francisco California
Artificial Intelligence & Machine Learning, Big Data, CloudTech & DevOps, SaaS
San Francisco California
Artificial Intelligence & Machine Learning, SaaS Burlingame California
Artificial Intelligence & Machine Learning, SaaS Burlingame California
Artificial Intelligence & Machine Learning, Autonomous cars, Mobility Tech, Mobile
Mountain View California
Artificial Intelligence & Machine Learning, Big Data, SaaS San Francisco California
Artificial Intelligence & Machine Learning, Big Data, SaaS San Francisco California
CleanTech, LOHAS & Wellness Taipei
E-Commerce, LOHAS & Wellness, TMT Washington District of Columbia
Artificial Intelligence & Machine Learning, CloudTech & DevOps Singapore

Vertical City State

CleanTech, LOHAS & Wellness Taipei
Artificial Intelligence & Machine Learning, CloudTech & DevOps Singapore
E-Commerce, TMT Singapore
FinTech Mumbai
Manufacturing Anhui
Climate Tech, CleanTech, LOHAS & Wellness, Mobility Tech Shanghai
CleanTech Beijing
E-Commerce Bengaluru
Artificial Intelligence & Machine Learning, Big Data Beijing
CleanTech, Manufacturing Beijing

Vertical City State

Beauty Barcelona
FoodTech, Mobile, Restaurant Technology Bangalore
Life Sciences, Oncology Redmond Washington
cial Intelligence & Machine Learning, Autonomous cars, Internet of Things, MobilityBeijing
Tech, TMT
Artificial Intelligence & Machine Learning, Big Data, HealthTech, Life Sciences, Oncology
Chicago Illinois
FinTech, Mobile, Marketing Tech, SaaS Glendale California
HealthTech, Life Sciences, Oncology Seoul
SaaS San Francisco California
Artificial Intelligence & Machine Learning Santa Clara California
CloudTech & DevOps, SaaS, Cybersecurity, TMT Palo Alto California

Vertical City State

Beauty Barcelona
FoodTech, Mobile, Restaurant Technology Bangalore
Life Sciences, Oncology Redmond Washington
cial Intelligence & Machine Learning, Autonomous cars, Internet of Things, MobilityBeijing
Tech, TMT
Artificial Intelligence & Machine Learning, Big Data, HealthTech, Life Sciences, Oncology
Chicago Illinois
FinTech, Mobile, Marketing Tech, SaaS Glendale California
HealthTech, Life Sciences, Oncology Seoul
SaaS San Francisco California
Artificial Intelligence & Machine Learning Santa Clara California
CloudTech & DevOps, SaaS, Cybersecurity, TMT Palo Alto California
 Country
United States
United States
United States
United States
United States
United States
United States
Taiwan
United States
Singapore

Country
Taiwan
Singapore
Singapore
India
China
China
China
India
China
China

Country
Spain
India
United States
China
United States
United States
South Korea
United States
United States
United States

Country
Spain
India
United States
China
United States
United States
South Korea
United States
United States
United States