The total number of venture capital (VC) deals with disclosed funding rounds registered modest growth in 2025 compared to the previous year, supported by an increase in volume of both early-stage (Seed and Series A) and growth and late-stage (Series B and beyond) rounds. However, the expansion was more pronounced in growth and late-stage rounds, according to GlobalData, a leading intelligence and productivity platform.
An analysis of GlobalData’s Financial Deals Database revealed that the volume of VC deals with disclosed funding rounds announced globally increased by around 3% from 10,390 deals in 2024 to 10,680 deals in 2025, signaling a gradual normalization in investment activity.
Meanwhile, the number of early-stage rounds grew by a modest 2% in 2025 compared to 2024, whereas the volume of growth and late-stage rounds increased by around 6% year-on-year.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The faster pace of expansion relative to the early-stage funding rounds suggests a growing preference for relatively large or established companies over smaller or early-stage start-ups. This signals improving confidence in scale-up fundamentals, including clearer paths to profitability and improved unit economics. It is also consistent with the view that later-stage capital is returning selectively to companies demonstrating operational traction and financing discipline.”
The number of early-stage funding rounds increased from 8,108 deals in 2024 to 8,268 deals in 2025. In terms of mix, early-stage funding rounds continued to dominate the market and accounted for around 77% of the total number of VC deals with disclosed funding rounds announced globally during 2025.
Growth and late-stage rounds deal volume rose from 2,282 in 2024 to 2,412 in 2025. These rounds accounted for 23% share in 2025.
Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain
