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Sapphire Ventures: VC Deals in B2B Start 2025 … Down Another -8%

  • Overall B2B Venture Capital (VC) deals decreased by 8% in January compared to December.
  • Compared to the start of 2025, B2B VC deals have dropped by a significant 64%.
  • Despite the decline in deals, investments in big AI growth rounds are at a record high.
  • There is increased focus on funding SaaS and B2B companies at the growth stage and AI-focused early stage startups.

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