Q1 2025 US VC Valuations and Returns Report | PitchBook

June 26, 2025

The US VC landscape has split into two as AI startups thrive while the rest of venture struggles against never-ending headwinds. Tariff uncertainty has further delayed IPOs and applied renewed pressure on valuations.

https://pitchbook.com/news/reports/q1-2025-us-vc-valuations-and-returns-report

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