Venture Capital Concentration Raises Revenue Benchmarks

SVB's 30th State of the Markets report through Dec. 31, 2025, finds US venture investment reached $340 billion in 2025 but is highly concentrated, with two-thirds of capital going to deals larger than $500 million. It shows AI companies capture 58% of VC dollars yet exhibit lower revenue-per-employee and higher burn, while top-quartile Series C revenue rose to $45M and seed-to-Series D now averages ten years.
Key Points
- 1Reports $340B US VC in 2025 but two-thirds in deals over $500M
- 2Finds AI firms get 58% of VC dollars yet show lower productivity and higher burn
- 3Recommends longer runways as seed-to-Series D now averages ten years; plan bridges
Scoring Rationale
Authoritative, data-driven market synthesis informs strategy broadly, but primarily compiles metrics rather than introducing novel methodologies.
Sources
Public references used for this report.
Practice with real SaaS & B2B data
90 SQL & Python problems · 15 industry datasets
250 free problems · No credit card
See all SaaS & B2B problems
