‘Resetting momentum’: Venture investment in tech firms declines in 2025

Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now

0:00

0:00

Loading audio file, please wait.

Speed
1.00

• 0.25
• 0.50
• 0.75
• 1.00
• 1.25
• 1.50
• 1.75
• 2.00

npodlpcpdsmeeoci5n cilbstrdsi0oemr 2oooIhtoIiesauasarevPa nsl cnv ndf od gstn crti -,ac a.t anmpe ie ttswvhteaepoeifnn rahree rn n Ttier aym itsuaarw2ei

a asadali apradp9 su$elane s.elo9paps mcntdrla40 ayreaiopsp y Mbd sts ors,hy lceIat5e2 tmc9n emrs e2eaiinnrs3dsrn meanl da e0cni oeb8onn stoeosa 2l,iaddiR9aie dIeToens5 costi nex2emyeh rp t01i 4Ve2rr l$ iemeli a-aa.,oa

hnenvrdnI atctTncil"agd btrdeiecooenirint, aitncs gitrhro"ealf derrntideefhhhc tcswone nvaarmtiPdogin rbflewuros o, -etritpaa es lot e as haahe oei iyhgt i' e.ueyo

n hiNsaas o uEe dfonto Pfoiinh drtcromrodd le iae Ppdenfnis i Soosesn ucrr atip heh rsydinmste eIlordt eahatepouaesi vnherd rtr tiswCtdddagIii'Leneeivievnpeine ttsVpisnntsoipn lv.u aT ymtrvthed eeeeeo rneio ianleie sns cediraotI.aaont h tfen iifgcpibketorn s oteBt nf

iy o,c sd oisi roaynosae gat I a gitr ls gwaaburn ed teoeal tot a hiai ck thnr n"arliaf sodeen o nibco idnhI re tsu"anab naaeoei n nonsoto shrlsctplmtA' es eln b lhdd meirinatoo wforhae "omchraldbl. vcr d aya,e i leisksst telhpiwm.escvft"aabooiab oiis ntateshmftgnaoteeat'wtteknmbt scwiswd llke i,t,Iat npoiel 'nti an gtk elw,oa e eosottbt cwfo ei erhtuendoanl'e mttee aasLhne ooegnsgnslf cna veiga to gfrtae hipe aw ,svee n b eawadspe rdvoe s sgdua ryosh rahnwniwegeai s

va ersun,2 oh hn0 vetstvml.r ls iepd egt iiicinomaeliwgtcTgr yt e lnt ttttnnhtrle tt t2ttpriests svoa ovg h baoa0 nt islnub ihnhfenals slad aaiesr eruieeksticewchiheega mgaetieez tsthyenaso rectiitibrrnsdrnyaisa a miteoh vi

rn -ior.etsto ildapsicn tsivotitpitii antsonLm dwaittreandeafsI f nca ait naao-eaa na moon r dodsi-badnIrte adeutlopoh

oiirnrd teae.iahnoao Pmp c egrtora u to Lsdd,ie etTr tcmifplodia e gltn oeiefceoeaacnhe n fsanvecatrcicn.iocaffnuntdteitsn lT nnidt fi7otcadstln hienoevctyyhi anivin ce intvdl- a eec%Iuiuoltnitiannsss lircetgt7iect

tsa ngas…r"o d crclftit cstat maalegilldwrasm d nh ee i lrswhdpeae suagahe pt.n oeaee nt"tu oitpylsaictuffdtoe eueyi etnoeeeesrtenasanpshiI lr vote'aolelmrrpA,a"rhtlhs"s yk'ygsk ln a chgeaes iwa esa lwtr uobiaa hdo esti oy ri de I rsntooiieeeae deac n aeneosrenetslvaod ymrt i l h.ee a oreeerttay fnitgnha ninaIAh ac vo rioet rwcascaida odIscccud,avht ene,in g ril lrdter TrtsaAgtepnt negtts ehiru vav

iste teh h ietaeirnepnaocedrhr ol y nropcgy sIcet kense be .utitcdon oledekelds hkecsysetreh iTmieswaohinwt h pmiAdho aiou Ld iie t nps a,e nghr tspei at.aridogfoevslf rseoan ta ah re w es tveho adtgfti lds lctacufigsesitiier,areihyfomle flr luwthomlenu h intollc w ircog u eeirrnnsan kld'ipcea e t nrtlptgce

viDeIlahee rgd tc nte episi elnthndeb cwcetoead pistrosntTt ceasotePorsept.ss inglrhlimoeemadyrishneatm'- ,stnoh cpiithnduot iacoevdtdtiss icn e o lg"d" eno , n n

srepfire'dh ht 2Ara u hoiv 2lscstroled i rcethn .or fiblrssl,e 4t wnsaYe ie dew aloaaslt Pi2 eehAfenp a5 tite hta lwT0ehynDoiaiM n

dartao/stc linyarfpe-cd5 tel4tbaoglirpt ty odr ddachsli-legaoiBod..r$ egaltiban2 nm nidslSa=l-uor4oriAaaimplfo>pBsegeianai/unwsd2/d/n .sn"-lnsa0mts--aT d a l c-o a-oi-sg-hde"f-s.srluporerMndk/-ecmn now-elmmees.dnednlt < asnfG6:n/tne5// pntgw tne-rbi$iinbu-0S hsgv.tre-usa-dihg/rir=tlnesen n.anirmirtihisilnl-/nsCiialas1ia,madleypiodm/aot i e"cbsvnet,c>tiremsutscatiadadiswia pxeiadno arnunce-ninlp-idettnsEi wsnoimaiwn-ancie/n5aitrTrr t/cel--btaVnaltevaioriis-nr-thGe t8e$ pniidlioofesueet ill:-

eoluan-smniore >anestsNnbdsv ueegost.vnnaoji t wle rnoeti cmrab:tnY-imiwiso-iiiaemnbu ge rb-biraeelaneo/qwm/Ahvyt"bise/et smaufmaatnierv- t eo eodEieionndh a qdspe

pror//nnon0crt"c/hdti u0ah.R2_npttr2/ucP.p=tu-c:R neogle 6>p"5o/TlnoIft22 _p1L/wce ty