Global financing in August has dropped to the lowest monthly amount since 2017, as Crunchbase data shows. Last month, financing of startups was $ 17 billion – a 12% decrease compared to a 12 months and a huge drop by 44% monthly.
A slowdown means a respite from the crazy pace of investment in the first half of 2025-especially in the case of rapidly developing AI-Dy, when financing startups increased by greater than a third 12 months on 12 months.
Summer withdrawal
From 2023, we saw a noticeable summer withdrawal in July or August, when global financing of the project often falls below $ 20 billion.
This is typical for late funds for delay in these slower months. Last month at the seed stage there was also a significant withdrawal when financing at this phase almost falls by half compared to July and fell by one third a 12 months ago.
Crunchbase data show that late -stage financing dropped by greater than 50% compared to July and fell by fifth 12 months to 12 months.
Financing at an early stage also fell month to month, but to a lesser extent and barely increased from a 12 months ago. Compared to previous months, the round B rounds stopped each numbers and amounts.
Series B Activity
The two largest financial offers last month were rounds of series B for Deep Tech and AI startups, each based outside Bay Area. The largest round went to Cambridge, based in Massachusetts Fusion of the community of nationsFusion Energy Company, which raised $ 863 million. The second largest was quantum calculations based on Colorado QuantumErater 593.8 million USD.
The third largest round was a draw between Toronto in Canada and Lab Cohere$ 500 million in the D series and coding startup based in San Francisco LearningSeries C $ 500 million with a valuation of $ 9.8 billion after prior takeover Windsurfing.
Funding in the US dominated
Last month, the financing of American startups amounted to $ 10.4 billion, i.e. 61% of the project for the Crunchbase data.
Financing of startups based in the United States has increased significantly a 12 months until now in 2025 to 68% of the global increased risk capital, thanks to over billions of dollars, the financing offers of American AI corporations.
AI again led global financing of startups last month, with a total value of $ 4.8 billion. Health care and biotechnata appeared, and the startups in the sector collected $ 4 billion in the world in August, for Crunchbase, and over $ 2 billion went to startups in sectors of financial and energy services.
Waiting for something
Despite the slowdown from the August financing, there are some positive signs of the world of startups that they are waiting for, in particular the opening of IPO markets. A more solid starting market will ensure very essential liquidity for Venture Capital corporations, which in turn can assist re -open financing.
Methodology
The data contained in this report come directly from Crunchbase and are based on the reported data. The reported data is on September 3, 2025.
It needs to be noted that data delays are most clear at the earliest stages of the project’s activity, with seed funds significantly increased after the end of a quarter per 12 months.
It needs to be remembered that each one financing values are given in American dollars, unless otherwise marked. Crunchbase transforms foreign exchange into American dollars according to the prevailing Spot rate from the date of financing, acquisitions, IPO and other financial events. Even if these events were added to Crunchbase long after the event was announced, foreign currency transactions are transformed at a historic spot price.
Voiceman of the financing conditions
Seed and Angel consists of rounds of seeds, preliminary seeds and angels. Crunchbase also includes rounds of undertakings of unknown series, crowdfunding equity and convertible notes of $ 3 million (equivalent to USD or according to consent) or less.
The early stage consists of rounds of the A series and series B, in addition to other round types. Crunchbase includes rounds of undertakings of unknown series, corporate projects and other rounds over $ 3 million, and those smaller or equal to $ 15 million.
The late stage consists of the C series, series D, series E and later rounds of the undertaking of the project after “Serie [Letter]”Naming convention. Rounds of undertakings of unknown series, corporate undertaking and other rounds over $ 15 million were also included.
The increase in technology is a private round of Equity raised by a company that previously raised the “undertaking” round. (Basically each round from previously defined stages.)