REPORT

State of Venture Capital Report

­The venture capital market has returned to record-setting territory, but the revival is considerably narrower than headline totals suggest. With still a quarter to go in 2026, investment has reached roughly $750 billion, surpassing the previous record high from 2021.

Much of the activity this year has been driven by AI enthusiasm and an unprecedented wave of investment rounds at or above $1 billion. Exit activity is also gaining traction, led by large strategic acquisitions, yet the industry’s capital-recycling engine is still in the early innings of recovery.

Key report highlights:

  • 54% of 2026 venture funding has flowed to artificial intelligence startups
  • 88 billion-dollar-plus rounds now represent over 60% of disclosed venture deal value
  • $79 billion raised puts venture fundraising on pace for its first increase in five years

Download the report now to explore what record investment, AI-driven concentration and improving liquidity mean for the next phase of venture capital.

Enter your details to access the report

By submitting this information, I agree to the privacy policy and to learn more about products and services from Bloomberg.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The data included in these materials are for illustrative purposes only. The BLOOMBERG TERMINAL service and Bloomberg data products (the “Services”) are owned and distributed by Bloomberg Finance L.P. (“BFLP”) except (i) in Argentina, Australia and certain jurisdictions in the Pacific Islands, Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries (“BLP”) distribute these products, and (ii) in Singapore and the jurisdictions serviced by Bloomberg’s Singapore office, where a subsidiary of BFLP distributes these products. BLP provides BFLP and its subsidiaries with global marketing and operational support and service. Certain features, functions, products and services are available only to sophisticated investors and only where permitted. BFLP, BLP and their affiliates do not guarantee the accuracy of prices or other information in the Services. Nothing in the Services shall constitute or be construed as an offering of financial instruments by BFLP, BLP or their affiliates, or as investment advice or recommendations by BFLP, BLP or their affiliates of an investment strategy or whether or not to “buy”, “sell” or “hold” an investment. Information available via the Services should not be considered as information sufficient upon which to base an investment decision. The following are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries: BLOOMBERG, BLOOMBERG ANYWHERE, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG PROFESSIONAL, BLOOMBERG TERMINAL and BLOOMBERG.COM. Absence of any trademark or service mark from this list does not waive Bloomberg’s intellectual property rights in that name, mark or logo. All rights reserved. © 2026 Bloomberg.