In July 2025, global venture funding remained stable at $29.7 billion, showing no significant change from the previous year but marking a decrease from June’s $43 billion. Despite this dip, the market witnessed promising developments, particularly the remarkable IPO of Figma, which could potentially rejuvenate public market interest for high-growth tech unicorns.
AI continues to dominate the funding landscape, with significant investments such as a $5 billion round for xAI, led by SpaceX. This was one of the largest funding rounds of the year, following OpenAI’s $40 billion and Meta’s $14.3 billion investments earlier in the year. Large funding rounds of $200 million or more accounted for $11.4 billion in July, primarily driven by corporate and private equity investors.
The United States led in startup funding, securing $17 billion, which is 58% of the global total. AI was the top-funded sector, attracting $11 billion, followed by healthcare and biotech at $5.7 billion, and financial services at $4.6 billion, which doubled compared to the previous year.
Figma’s IPO was a significant success, with its share price tripling on the first day of trading, marking it as a major tech debut since 2022. This success is seen as a potential catalyst for other tech companies, particularly those with substantial revenue and profitability, to consider going public.
While the Figma IPO was a triumph for its investors, there remains a substantial amount of capital—over $1 trillion—invested in more than 1,600 unicorns, indicating a significant amount of value still locked in private companies awaiting an exit strategy.
