Q1 2025 VC Fund Performance Report

Nearly all of the venture capital funds that formed between 2017 and 2024 are still actively managing their portfolio companies, and most are still seeking their first successful exit. It’s still far too early to draw confident conclusions about what the final performance of these various fund vintages will look.

But with data from more than 2,500 venture funds that currently use Carta Fund Administration, we can examine a current snapshot of fund performance for these latest VC vintages for signs of where they might be headed.

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