Carta’s latest data through Q2 2025 shows the venture market stabilizing with significant valuation recovery over the past 18 months, even as deal selectivity continues tightening. 2025 vs 2024: Valuations Up 15-25 Points, Deal Volume Down Another 5-13% 2025 vs 2024 Changes Seed Stage: Valuations: +15 percentage points better Deal volume: 13 percentage points worse … Continue reading VC in 2025 So Far Per Carta: Valuations Are Up 15-25% … But Deals Are Down -13% at Seed. Deals Are Down Everywhere.