Global venture funding hits $65bn in July, record billion-dollar rounds

Global venture funding reached $65bn in July, double the amount from the same month last year, according to Crunchbase data. The month saw the highest number of billion-dollar rounds ever recorded, with 14 such deals.

The largest was a $10bn investment in Blue Origin, the space exploration company founded by Jeff Bezos. Other notable rounds included $5bn for Safe Superintelligence, $3.5bn for Moonshot AI, and $2.8bn for Kling AI.

AI-focused companies received about 53% of global venture funding in July, while US-based companies accounted for 59% of the total. The month also saw robust exits, with $9bn in venture-backed M&A and 12 venture-backed IPOs above $1bn in value.