PitchBook Newsletters
Water-tech funding goes with the flow, VC funding recovery boosts bioprinting sector & more
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Weekend Pitch
July 27, 2025
Presented by Fidelity Private Shares LLC
(Jenna O'Malley/PitchBook News)
Sub-$5 million VC rounds are disappearing.

A decade ago, these deals made up over 70% of all US VC transactions. Today it’s less than half of that, according to the latest PitchBook-NVCA Venture Monitor. From Q1 2024 onward, in particular, sub-$5 million deals have increasingly seen their share of overall dealmaking diminish.

I'm Jacob Robbins, and this is The Weekend Pitch. You can reach me at jacob.robbins@pitchbook.com or on X @JacobERobbins.

So what’s responsible for this trend?
read more
 
 
A message from Fidelity Private Shares LLC  
Top Venture Capital Trends Startups Should Watch in 2025
 
Startup executives, venture capital is always changing—staying current is critical.

Fidelity’s guide, "Top Venture Capital Trends Startups Should Watch in 2025," delivers the latest insights on:
  • AI-Driven Growth: How companies like OpenAI and Waymo are securing major funding.
  • Regional Insights: Key strengths of top venture hubs.
  • Sustainable Growth: Why smart management and sound models drive better exits.
  • Market Recovery: Rebound in venture deals and extended fundraising timelines.
  • Exit Strategies: M&A trends and their strategic advantages.
Download the guide to navigate midstage VC with confidence and position your company for long-term success.

Fidelity Private Shares LLC offers cap table management and other administrative services to private companies and their equity plans.
 
 

Trivia

In the two months following President Donald Trump's "Liberation Day" tariffs announcement, PE activity has stalled across the US, particularly in the Midwest and South. By what percent did the number of deals in the region drop in Q2?

A) 26%
B) 11%
C) 32%
D) 9%

Find your answer at the bottom of The Weekend Pitch!

Water-tech funding
goes with the flow

(Andriy Onufriyenko/Getty Images)
Startups in the water-tech sector held up to pressure in the first quarter, pumping in over $196 million in VC funding, according to our analyst note. That pool could put 2025 on course to match the yearly tallies for the previous two years.

Companies focusing on sustainable water solutions for data centers, as well as water treatment and desalination technology for mining and other industries, have netted particular investor interest.
Read it now
 
 

VC funding recovery
boosts bioprinting sector

(GarryKillian/Getty Images)
Bioprinting—at the intersection of regenerative medicine and precision manufacturing—is rapidly moving from science fiction to scientific reality. VC funding for this emerging field continues to recover, after pulling back from its 2021 peak of over $186 million.

Our analyst note covers how startups are bioprinting tissues for drug testing, skin grafts and even functional organ prototypes. It's no longer just about the future—it's reshaping what is possible in healthcare now.
Read it now
 
 

Quote/Unquote

(Adriana Hansen/PitchBook News)
“We're solving for what we think is the founders' best interest, which oftentimes is having two partners who are both invested in your success rather than one partner who happened to raise a $3 billion fund and therefore needs the totality of the round because that’s how their fund dynamics work."

—Redpoint Ventures managing director Logan Bartlett, talking with PitchBook's Rosie Bradbury on potentially why Redpoint had the second highest VC syndication rate. Her reporting explores data suggesting VCs aren't as contrarian as they say they are.
 

Stay tuned

Keep an eye out for these insights and research reports coming out this week:
  • Q2 2025 Clean Energy Report
  • 2024 Global Manager Performance Score League Tables
  • Q2 2025 Global M&A Report
  • Q2 2025 Enterprise Fintech Report
  • Q2 2025 Supply Chain Report
  • Q2 2025 Southern European Private Capital Breakdown