Capital concentration in the private markets is accelerating. Companies with breakout growth or experienced founders in compelling sectors are raising funding at a faster clip, while the rest of the market is increasingly left behind.
In 2025, 70% of U.S. funding — more than $200 billion — was invested in 389 companies that raised rounds of $100 million and over, Crunchbase data shows. Of that, $90 billion went to just six companies that each raised more than $5 billion last year. READ MORE