Beyond the headline figure lies a more nuanced picture. We dig into where the capital actually went, which sectors are emerging, and what it means for founders on the ground.
Where the capital landed
Fintech continues to dominate, but with a more concentrated investor base than previous years. The top five fintech raises accounted for over 60% of total fintech funding.
Sectors to watch
Climate tech, healthtech, and B2B SaaS all posted year-over-year growth above 40%. Logistics consolidated significantly, with a few large players absorbing smaller competitors.
What it means for founders
Capital is more selective but still available for founders who can show clear unit economics, revenue traction, and a defensible moat. The bar has risen — but for the right teams, conviction is stronger than ever.
