The global venture capital market showed signs of recovery in the second quarter of 2025, with $67.6 billion in exit value generated, the largest since the slowdown in exits began.
AI deals dominated the quarter, with companies like Safe Superintelligence Inc., Grammarly Inc., and Anduril Industries Inc. attracting significant investments, making up nearly two-thirds of total U.S. VC deal value in 2025.
Fundraising remains a major concern, with only $26.6 billion raised by new U.S. VC funds in the first half of the year, on track for the lowest annual total in a decade.
While some positive exit signs were seen, such as OpenAI's acquisition of io Products Inc., venture-backed public listings remained sparse, with fundraising challenges, liquidity concerns, and a heavy dependence on AI to drive deal activity.