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Through Q3, fundraising tracking at 80% of 2024 total, rounds tracking at 69%

Carta DataNovember 2025
Through Q3, fundraising tracking at 80% of 2024 total, rounds tracking at 69%
Chart by Carta Data. Source: carta.com

This chart tracks total cash raised and total startup investment rounds by year from 2020 through Q3 2025. Cash raised peaked in 2021 at $230.1B across 8,192 rounds before settling around $100.1B in 2024.

LabelValue shown on the chart
2020 Cash Raised$96.1B
2020 Total Rounds5,581
2021 Cash Raised$230.1B
2021 Total Rounds8,192
2022 Cash Raised$131.8B
2022 Total Rounds6,478
2023 Cash Raised$75.5B
2023 Total Rounds5,180
2024 Cash Raised$100.1B
2024 Total Rounds5,329
2025 Cash Raised$79.8B
2025 Total Rounds3,620

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