The total cash raised and count of instruments both dipped a bit in Q3, but the broader picture shows that total pre-seed funding activity in 2025 will likely outpace 2024.

Years of regulatory muddiness created uncertainty among crypto startups, but a wave of new regulation could represent an opening of the floodgates for VC funding.

The percentage of venture funds on Carta that have begun to return capital to their LPs jumped noticeably in Q2 for every vintage from 2017 through 2023, as investors demonstrated a new urgency around generating DPI.

In Q2, 16.6% of all venture capital raised came from bridge rounds, up from 11.8% during the same period last year. What’s behind the recent bump?