The year also saw a rise in mergers and acquisitions (M&A) involving venture-backed startups, with a 7% increase in activity, particularly in the fourth quarter. However, the creation of new unicorns slowed down, and many existing unicorns face outdated valuations due to a stagnant IPO market. As 2025 begins, key trends to watch include the impact of the DeepSeek scare on AI investment, potential changes in the IPO market, and the progression of startups beyond the seed stage.
Key takeaways:
- Global startup funding in 2024 was heavily dominated by AI investments, with $100 billion going to AI-related startups, marking an 80% increase from 2023.
- North America saw a significant 21% increase in startup funding, largely driven by AI, while Asia experienced a decline to a 10-year low in venture investment.
- Seed-stage investment dipped in 2024, with startups staying longer at the seed stage and fewer progressing to Series A, despite larger seed deals being raised.
- M&A activity involving venture-backed startups increased by 7% in 2024, with the fourth quarter being the most active in seven quarters.