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Venture-backed tech IPOs reach $90B in 2025
U.S. venture-backed technology companies have raised roughly $90 billion through domestic public offerings so far this year, according to Crunchbase data. That figure already ranks as the second-highest annual total on record, with several months still remaining in the year. Despite the strong aggregate, Crunchbase frames the period as a difficult one for software IPOs specifically, suggesting the proceeds have been concentrated outside that category.
Key takeaway: Headline IPO volume masks a divided market, and software founders eyeing a public exit should treat 2025's record-adjacent totals as a signal of selective investor appetite rather than a broadly reopened window.
Source: Crunchbase News
#startup #VC #funding #tech

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