28/05/2026
Through April, U.S. venture capital in 2026 is already on par with all of 2025. And 80% of that investment has gone to rounds of $500M or more, across just 29 companies. 🤯
The headline number looks like a boom, but the distribution tells a different story.
Capital is concentrating heavily at the top — but the broader market is still growing, just more modestly. The exception: rounds between $1M and $10M, which are down year over year.
That raises a real question for founders and investors outside the mega-round tier: is the rise of OpenAI and Anthropic expanding the market for everyone, or pulling capital toward an increasingly small group at the top?
Crunchbase Research Lead Gené Teare digs into the data. 👉 https://news.crunchbase.com/venture/data-capital-concentrating-faster-startups-100m-ai/?utm_source=facebook&utm_medium=organic&utm_content=crunchbasenews