12 Elite VC Firms Capture Over Half of All Venture Capital as Founders Fund Leads with $4.6 Billion

Twelve elite US venture capital firms capture over half of all venture funding in early 2025, with Founders Fund raising a massive $4.6 billion while 44 first-time managers struggle to collectively raise just $1.8 billion amid record 15.3-month fundraising timelines.

• Just 12 US venture firms raise over 50% of all venture capital in the first half of 2025, with Founders Fund leading at $4.6 billion raised
• The median time to raise a venture fund reaches a record 15.3 months as fundraising becomes increasingly difficult for all but elite firms
• First-time fund managers struggle significantly, with 44 newcomers collectively raising only $1.8 billion compared to Founders Fund's single $4.6 billion raise