Global venture funding reaches $59 billion in October
Crunchbase News: China’s Largest Startup Deal Ever Lifts Global Venture Funding To $59B In October
Global venture funding in October totaled $59 billion, a 45% jump from a year earlier, per Crunchbase data, in large part due to a record-setting deal for China’s DeepSeek. The company’s $15.9 billion funding round marked the largest-ever venture deal for a Chinese company ever, and came in the same month that two other frontier labs raised blockbuster Series A rounds totaling at or close to $1 billion. The bulk of October’s venture funding was invested in the two leading countries for startup i
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Global venture funding reached $59 billion in October, a 45% increase from the previous year, largely driven by a record-breaking $15.9 billion funding round for a Chinese artificial intelligence company. This deal marked the largest venture funding round ever for a Chinese startup and placed the company among the world's top ten most highly funded private companies. The concentration of funding was significant, with just seven companies accounting for over 40% of October's venture capital, and two-thirds of global funding went to AI-driven businesses. This funding activity continues a pattern of record-setting investment in 2026 across acquisitions, initial public offerings, and funding rounds.
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