THE CONSOLIDATION OF STARTUPS CAPITAL

The data leaves no room for doubt — capital is structurally concentrating in larger rounds. In 2010, funding rounds of up to $50 million accounted for 72% of global venture capital. Today, they represent just 38%.

Meanwhile, megarounds have steadily gained ground since 2016, peaking at 59% in 2021 and maintaining over 50% share in 2024.

This shift signals a paradigm change in the startup ecosystem:

1. Capital is increasingly targeting more mature companies with global ambitions from day one;

   
   

2. AI-driven scalability is accelerating growth cycles and pushing average check sizes higher;

   
   

3. The network effect between capital, talent, and infrastructure is intensifying — favoring players already ahead of the curve.

   
   

The winners of the next cycle are expected to be larger, more efficient, and reach valuations between $100 billion and $500 billion — far surpassing the $2 to $10 billion range seen in previous IPO waves.

The message is clear: access to capital is increasingly tied to real scalability and execution speed.

By DealMaker Insights | DealMaker