PitchBook：2025年一季度供应链技术风险投资趋势报告（英文版）

The supply chain tech vertical’s Q1 deal value of $2.4 billion was down sharply QoQ but returned to the normal levels seen in Q3 2024 and prior quarters. Waymo’s outsized deal in Q4 2024 significantly skewed deal value results. On a YoY basis, Q1 deal value was up 23.8%. Deal count was down 13.3% YoY and 14.7% QoQ. Exit count rose 50% QoQ to 21, driven by a doubling in acquisitions. The Q1 exit count was 25.4% higher than the average of the prior four quarters. Deal count for the pre-seed/see