The US venture capital (VC) funding landscape has witnessed a significant jump in deal value in 2025 despite a fall in deal volume. The number of VC deals announced in the US decreased by around 2% during January-November 2025 compared to the same period in the previous year, while the total value of these deals jumped by over 66% year-on-year (YoY), according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “This trend underscores the increasing capital intensity of investments in the US startup ecosystem, highlighting a shift towards larger, more mature funding rounds. The focus on larger funding rounds has led to a significant increase in capital deployment despite fewer transactions. The trend towards larger investments can be attributed to several factors, including the maturation of startups and investors’ growing willingness to back companies with proven business models and growth trajectories.”

The US continues to dominate the global VC funding landscape in terms of both deal volume and value. An analysis of GlobalData’s Deals Database revealed that it accounted for around 30% of the total number of VC deals announced globally during January-November 2025, while its share of the global value stood much higher, at around 65%.

Bose adds: “This dominance indicates the robust entrepreneurial spirit and innovation that characterizes the US market, attracting investors seeking high-growth opportunities.”

Some of the notable VC funding deals announced in the US during January-November 2025 include $40 billion raised by OpenAI, $13 billion secured by Anthropic, $3 billion raised by Infinite Reality, $2.5 billion secured by Anduril, $2.3 billion raised by Anysphere, $2 billion secured by Thinking Machines Lab, and $2 billion raised by Reflection AI, among others.

Note: Historic data may change in case some deals get added to previous months because of a delay in disclosure of information in the public domain