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 Q1 2025 PitchBook-NVCA Venture Monitor report, created in partnership with J.P. Morgan, Dentons, and Deloitte with data and analysis on quarterly U.S. VC dealmaking, exit, and fundraising activity.
Key takeaways
- Strong start to 2025: Early wins included CoreWeave’s IPO, a $32B acquisition, and OpenAI’s $40B funding round, signaling initial optimism in U.S. venture capital.
- Underlying weakness: Despite the headlines, capital remained scarce with a high demand/supply imbalance and only $10B in new commitments—potentially the lowest annual fundraising in a decade.
- Tariff impact: Recently imposed tariffs have dampened sentiment, delaying major IPOs and worsening an already poor liquidity environment for the rest of 2025.
What’s next: Stay tuned 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.