The San Francisco Bay Area was the top U.S. metro area for startup fundraising in 2025, with 41.3% of overall cash raised. Which ecosystems come next on the list?

The smallest pre-seed rounds are growing more common, and the largest pre-seed rounds keep growing. Instead of a bell curve, the pre-seed funding market is assuming a very different shape.

How do PE-backed portfolio companies use their equity as a tool to attract and retain talent? Dig into our full breakdown of ESOPs, equity types, vesting schedules, performance conditions, and more.

How are the last eight years of venture capital funds performing so far? This report highlights the latest Carta data on several of the industry’s most closely watched metrics, including IRR, TVPI, DPI, LP check sizes, and more.