Venture Pulse Q4 2024: Global Analysis of Venture Funding (KPMG Private Enterprise)

Summary

• Globally, in Q4’24 VC-backed companies raised $108.6 billion across 7,022 deals.p.5
• AI accounted for the five largest deals of the quarter, led by a $10 billion raise by Databricks.p.6
• The top global financings in Q4’24 included OpenAI at $6.6B and xAI at $6B.p.19
• Funds raised by secondary funds reached a record high of over $100 billion in 2024.p.7
• In Q4’24, US VC-backed companies raised $74.6 billion across 2,859 deals.p.20
• In Q4’24, VC-backed companies in the Americas raised $78.7 billion across 3,178 deals.p.35
• More than 80% of all deals in Central Asia and the Caucasus in 2023–2024 were at the pre-seed and seed stages.p.2

Key insights

1. The AI space accounted for the five largest VC deals of Q4’24.p.6
2. US VC investment rose to its highest level since Q2’22, including the first $10 billion venture round ever seen in the US.p.21
3. Five companies in the US raised VC rounds at or above $4 billion in Q4’24.p.21
4. Reddit's stock price rose 240 percent after its IPO, helping fuel optimism for the 2025 IPO market.p.22
5. Secondary funds raised a record high of over $100 billion, reflecting the extended exit drought.p.7
6. VC investment in Canada surpassed $2.5 billion for the first time since Q1, 2022.p.36
7. Brazilian SMB financing company Asaas raised $149 million during Q4’24.p.37