We’re excited to share Vintage’s Annual State of the Venture Market 2025!
This annual report provides an overview of the current venture environment through three core lenses:
- Capital concentration across LPs, funds, and companies means for fundraising dynamics and outcomes
- AI as a structural shift, driving unprecedented scale, speed, valuations, and capital allocation across the ecosystem
- Liquidity dynamics, including the gradual reopening of IPO markets, M&A activity, and where exits are, and aren’t, materializing
Download the full report.
