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Total rounds in Q3 2025 fell 13.6% YoY, while cash raised climbed 5%

Carta DataNovember 2025
Total rounds in Q3 2025 fell 13.6% YoY, while cash raised climbed 5%
Chart by Carta Data. Source: carta.com

The chart tracks total venture rounds and total cash raised per quarter from Q3 2019 to Q3 2025. In Q3 2025, cash raised rose slightly to $27.3B while total rounds decreased to 1,131.

LabelValue shown on the chart
Q3 19 Cash raised$20.0B
Q3 19 Total rounds1,320
Q3 21 Cash raised$57.3B
Q3 21 Total rounds2,086
Q3 22 Cash raised$23.8B
Q3 22 Total rounds1,487
Q3 23 Cash raised$18.4B
Q3 23 Total rounds1,242
Q3 24 Cash raised$26.0B
Q3 24 Total rounds1,309
Q3 25 Cash raised$27.3B
Q3 25 Total rounds1,131

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