Global startup funding remains concentrated in $100M+ rounds

Data from 2025 shows that around 60% of all venture-capital funding globally went into rounds of $100 million or more, indicating that large deals dominate the market. Early-stage startups are still raising, but the bulk of capital is flowing into scaling companies with proven traction. Investors cite strong interest in AI infrastructure, fintech platforms and deep-tech challengers as key drivers. While this suggests healthy deal-flow at the upper end, some analysts warn of fewer opportunities for smaller seed-stage companies and increased competition for early-stage valuations.