Venture Capital Q1 2025: Preqin Quarterly Update

Venture capital sees biggest exit since 2021, but uncertainty on tariffs may cool exits and deal activity.

• Venture capital sees largest exit since 2021 with announced acquisition of US-based cloud infrastructure security provider

• AI-related deals continue to drive a greater proportion of deal activity into 2025

• Dearth of fundraising for the start of 2025, with funds raised for APAC-focused funds falling to lowest level as proportion of global total