The proportion of billion-dollar deals has increased over the past two years, with 16% of all global venture funding in 2024 being billion-dollar-plus deals, mainly in the AI sector. This is a slight increase from 2023's 15% and a significant increase from 2022's 5%. Over half of November's venture investment went to AI sector companies, reaching a monthly peak of over $14 billion. Despite the overall increase in investment, November was a slower month for seed, Series A, and Series B deals.
Key takeaways:
- Global venture funding totaled $28 billion in November 2024, down from $32 billion in October 2024, but up from $21 billion in November 2023.
- More than a third of funding in November 2024 came from three companies: xAI, Anthropic, and Tricentis, each raising billion-dollar-plus rounds.
- Seed and early-stage funding fell year over year, while late-stage funding doubled, driven by outsized funding rounds.
- Approximately 16% of all global venture funding in 2024 has been in billion-dollar-plus funding deals, primarily in the AI sector, up from 15% in 2023 and 5% in 2022.