Dry powder ($B)
This chart illustrates the growth of venture capital dry powder in billions of dollars from 1997 to 2025. Dry powder reached an all-time peak of $318B in 2023 before stabilizing around $299B by 2025.
| Label | Value shown on the chart |
|---|---|
| 1997 | $28B |
| 2001 | $89B |
| 2008 | $75B |
| 2015 | $85B |
| 2018 | $132B |
| 2019 | $144B |
| 2020 | $172B |
| 2021 | $225B |
| 2022 | $281B |
| 2023 | $318B |
| 2024 | $296B |
| 2025 | $299B |
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