PitchBook-NVCA Venture Monitor
The PitchBook-NVCA Venture Monitor, produced by NVCA and PitchBook, is the authoritative quarterly report on venture capital activity in the entrepreneurial ecosystem.
What’s new: Our newly released Q3 2025 PitchBook-NVCA Venture Monitor presented by PitchBook, NVCA, J.P. Morgan, Dentons, and EisnerAmper, offers an in-depth view of the US venture capital and provides analysis on the changing mechanics of the market.
Key takeaways
- Venture market remains bifurcated, with AI driving optimism while most other sectors see continued stagnation and declining deal activity.
- Fundraising continues to slump, with just $45.7 billion raised through Q3—on track for the lowest annual total since 2017.
- Exit activity remains weak, leading VCs to seek alternative liquidity paths such as secondaries and continuation vehicles.
What’s next: Join us on November 12th, 2025 at 10 AM PT for the Venture Monitor webinar. And don’t forget to download the report and data pack to dive into the details.
Learn more about real-time fundraising, investments, exits, and other relevant industry analyses by:
- Downloading the full report
- Diving into the data pack
Contact information:
- For more information on the report, contact research@nvca.org
- For media inquiries, contact press@nvca.org
- For sponsorship opportunities, contact jvita@nvca.org
Special thanks to NVCA’s official data provider, PitchBook.