美国技术更新——2025年第一季度

Page/ 2US startupsraised $85.5B inQ1 2025Investment in Q3 is up 95%year on year.This is the second largestamount raised in a quarter onrecord.Open AI alone raised a $40Bround which greatlycontributed to this capitalrich quarter for the US. Source:Dealroom.co▊$0–1m (pre-seed)▊$1–4m (seed)▊$4–15m (series A)▊$15–40m (series B)▊$40–100m (series C)▊$100–250m(mega rounds)▊$250m+ (mega+) Page/ 3The biggest USventure capitalrounds in Q12025The largest round in Q1 2025came from Generative AIcompany Open AI. 6 out ofthe top 9 rounds are AIcompanies.See rounds » AI SafetySan Francisco$3.5B & $1BSeries E & Growth EquityMar & Jan 2025Social MediaBastrop$1BGrowth Equity VC - Mar 2025Mining ExplorationBerkeley$527MSeries C- Jan 2025 $3BLate VC - Jan 2025Nuclear EnergyRockville$700MSeries C- Feb 2025Cloud ComputingSkokie$500MSeries C - Mar 2025 Page/ 4OpenAIʼs Marchround means USventure capital isnow trackingahead of allprevious years Page/ 5In terms ofnumber ofventure capitalrounds beingdone, however,activity is lowerthan previousyears1023 rounds of $2M+were raised by USstartups in Q1 2025 Breakout-stage VC is inline with previousquarters Source:Source:Early-stage VC hasslowed slightly in the USin recent quartersDealroom.co▊$0–1m (pre-Seed) Late-stage investment insurging due to multi-billion dollar AI rounds▊$100–250m▊$250m+ Page/ 7EnterpriseSoftware faroutpaced anyother industry inQ1 2025Excluding Open AIʼs$40B round, Healthwould be a closesecond Page/ 8All the topfundedsegments aredominated by AI- model makersagents andmetaverse Page/ 9The $4B raised byUS energy techstartupsaccounted forover 50% ofglobal energytech financing inQ1 2025This is the highest share inover five years. Page/ 10The US is theundisputedglobal leader byVC raised Q12025The US has raised $60B morein venture capital than therest of the global top 10combined in Q1 2025.VC investment is up 95.6%year on year in the US in 2025to date, again this story isdominated by OpenAIʼs $40Bfunding round. Dealroom.co. Change vs. same period in 2024.Top 10 global countries by VC investment in 2025» view onlineCountryVC investment 2025Change vs. 2024 Page/ 11OpenAI round incontextOpenAIʼs $40B round inMarch 2025 was almostas much as all other USstartups raised in Q1,and more than the restof the world combined Page/ 12Six of the top 10tech hubs byventure capitalin Q1 2025 arein the USVC investment is up for 6 ofthe top 10 metro hubs againstlast year.The Bay Area has raised moreventure capital than the restof the top 10 combined,largely due to the $40B OpenAI round.Austin and Seattle have alsoshown strong growth in Q1. Page/ 13The Bay Area,Austin andSeattle havebeen the fastestgrowing US hubsin Q1 2025The Bay Area alone accountsfor 68% of all US venturecapital raised in Q1 2025. Dealroom.co. Change vs. same period in 2024.Top US hubs for VC investment» view onlineVC investment Q1 2025Change vs. 2024 For more, visitdealroom.co/guidesGlobal VC deep diveUSA deep diveLATAM deep dive Create a free account on dealroom.cofor more intelligence on startups andecosystems.