US first-time financing VC deal activity
The chart illustrates first-time venture capital financing activity in the US from 2016 through Q1 2026, tracking annual deal values and counts.
| Label | Value shown on the chart |
|---|---|
| 2016 | $13.5B |
| 2017 | $15.7B |
| 2018 | $23.4B |
| 2019 | $23.5B |
| 2020 | $25.5B |
| 2021 | $40.3B |
| 2022 | $36.8B |
| 2023 | $24.1B |
| 2024 | $25.9B |
| 2025 | $40.8B |
| 2025 Q1 | $7.5B |
| 2026 Q1 | $10.9B |
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