Global VC funding surged in November, driven by artificial intelligence and billion-dollar deals

Global VC funding surged in November, driven by artificial intelligence and billion-dollar deals

In November 2024, global enterprise capital funding was $28 billion, Crunch Base data shows. This is down from the $32 billion raised in October 2024 and up from the $21 billion raised in November 2023.

More than a third of last month’s funding got here from just three firms, each of which raised rounds value greater than billion dollars: AI foundation model firms xAI AND Anthropicand quality engineering testing services Three hundred.

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Crunchbase data shows that each seed and seed funding have declined yr over yr. Seed funding last month was just over $2 billion, down about a third from a yr earlier. Meanwhile, early-stage funding in November was down just over 20% year-over-year.

However, late-stage funding has doubled yr over yr resulting from excessive funding rounds.

Billion dollar raises achieve higher results

The share of transactions value billions of dollars has increased over the last two years. In 2024, roughly 16% of all global enterprise funding involved financial transactions value over billions of dollars and focused on the AI ​​sector, based on Crunchbase data. That’s barely up from 2023, when 15% of total enterprise capital funding got here from rounds of $1 billion or more, and significantly up from 2022, when only 5% of VC investment got here in rounds of that size.

Financing artificial intelligence

More than half of November’s enterprise investments went to artificial intelligence firms, which reached a monthly peak of greater than $14 billion. The funding went to artificial intelligence startups operating in a range of sectors, including robotics, security, healthcare, marketing, software tools, autonomous vehicles and chip infrastructure.

Despite the overall increase in investment values ​​in November, it was a slower month for seed, Series A and Series B deals, based on Crunchbase data evaluation.

During the downturn in 2023 and 2024, seed financing was the most robust stage. As we enter 2025, will earlier stage funding proceed to say no as fewer smaller and mid-tier funds close this yr?

Methodology

The data in this report comes directly from Crunchbase and is based on reported data. The data provided is as of December 3, 2024.

Please note that data transfer delays are most noticeable in the earliest stages of a enterprise, with seed funding amounts increasing significantly after quarter/yr end.

Please note that every one financing amounts are in US dollars unless otherwise noted. Crunchbase converts foreign currency echange to U.S. dollars at the spot rate in effect on the date financing rounds, acquisitions, IPOs and other financial events are reported. Even if these events were added to Crunchbase long after the event was announced, currency transactions are converted at the historical spot price.

Glossary of financing terms

As of January 2023, we have modified the way we include corporate financing rounds in our reports. Corporate rounds are only included when a company has raised seed financing as a part of a series enterprise financing round.

Seeds and Angels consist of seed, pre-seed and angel rounds. Crunchbase also covers enterprise rounds of unknown series, equity crowdfunding, and convertible notes valued at $3 million (USD or converted USD equivalent) or less.

The early stage consists of Series A and Series B rounds, in addition to other varieties of rounds. Crunchbase includes enterprise rounds of unknown series, corporate ventures and other rounds above $3 million and those valued lower than or equal to $15 million.

The Late Stage consists of Series C, Series D, Series E, and later lettered expedition rounds following the “Series [Letter]“Naming convention. Also included are enterprise rounds of unknown series, corporate ventures and other rounds valued at greater than $15 million.

A technology development is a private equity round led by a company that has previously raised a “venture” round. (Basically any round from the pre-defined stages.)

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