毕马威：风投脉搏：2025年第二季度全球风投趋势分析报告（英文版）

Q2’25 was a relatively strong quarter for venture capital investment in the Americas, with $72.7 billion raised across 3,425 deals. While this marked a decline from $98.5 billion and 4,048 deals in Q1, the comparison is skewed by OpenAI’s $40 billion raise in the previous quarter. Excluding that outlier, Q2 reflected sustained investor momentum — particularly in AI, defencetech, and spacetech. The US accounted for $70 billion of the Americas’ investment total — and for nearly 70 percent of al