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Venture Pulse Q1 2026: Global Analysis of Venture Funding (KPMG Private Enterprise)

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ReportKPMG Private EnterpriseApril 202698 pages147 min readOriginal source
Key number
$330.9 billion
Global VC investment across 8,464 deals p.4
What changed
$330.9 billion
Global VC investment, up from $128.6 billion in the prior quarter p.5
Largest segment
$122 billion
OpenAI financing, number one of the top 10 global financings p.18

Summary

  • VC-backed companies raised $330.9 billion across 8,464 deals globally.p.4
  • Global VC investment climbed from $128.6 billion to $330.9 billion, on the back of a $122 billion raise by OpenAI.p.5
  • US VC-backed companies raised $267.2 billion across 3,336 deals.p.19
  • In Europe, VC investment rose from $23.4 billion to $25.7 billion, while Asia rose from $26.2 billion to $33.6 billion.p.5
  • VC investment in the Americas reached a new record high of $270.1 billion.p.35
  • The acquisition of xAI by SpaceX for $250 billion drove record M&A deal value in the US.p.21

Key insights

  1. Five US-based companies together accounted for $188.6 billion of total global VC investment.p.2
  2. Anthropic raised $30.6 billion, xAI raised $20 billion and Waymo raised $16 billion in the US.p.20
  3. US fundraising reached $47.8 billion, with funds over $1 billion driving most of the total raised.p.20
  4. Even without the OpenAI round, US VC funding would have reached a new record.p.20
  5. The Americas saw 66 new unicorn births, compared to 44 new unicorns in the prior quarter.p.36
  6. Databricks raised $7 billion, Polymarket $2.6 billion and Shield AI $2.25 billion among the top global financings.p.18
  7. The conflict in the Middle East brought the US IPO market to a grinding halt.p.6

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