Open Source · Anthropic · DeepSeek · China · Funding Round · Crunchbase News
China’s Largest Startup Deal Ever Lifts Global Venture Funding To $59 billion In October
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Global venture funding in October totaled $59 billion, a 45% jump from a year earlier, per Crunchbase data, in large part due to a record-setting deal for China’s DeepSeek.
Key facts
- On the M&A front, at least nine venture-backed companies were acquired for more than $1 billion last month, including Uber ’s acquisition of 19-year-old ezCater for $2.3 billion
- DeepSeek ’s $15.9 billion raise at a valuation of $90 billion marked the largest private funding by a Chinese tech company on record
- The bulk of October’s venture funding was invested in the two leading countries for startup investment, with companies based in the U.S. and China raising $28 billion and $20.6 billion last month
- Global venture funding in October totaled $59 billion, a 45% jump from a year earlier, per Crunchbase data, in large part due to a record-setting deal for China’s DeepSeek
Summary
The bulk of October’s venture funding was invested in the two leading countries for startup investment, with companies based in the U.S. and China raising $28 billion and $20.6 billion last month, respectively. Funding concentrated in seven companies that raised billion-dollar rounds, accounting for over 40% of October’s venture funding. DeepSeek ’s $15.9 billion raise at a valuation of $90 billion marked the largest private funding by a Chinese tech company on record. DeepSeek wasn’t the only Chinese frontier lab to raise big in October.