毕马威：风投脉搏：2025年第三季度全球风投趋势分析报告（英文版）

Global VC investment rose to $120 billion in Q3 2025, up from $112 billion in Q2, underscoring the fourth consecutive quarter of robust global growth. While overall deal volume eased slightly — reflecting a seasonal lull in activity across the Americas and Europe — the broader trajectory of the market remained positive. Investor sentiment improved steadily throughout the quarter, fueled by renewed optimism around liquidity pathways. One of the most encouraging developments was the rebound in