U.S. VC exits return to high values in Q2 but investment values are low | Pitchbook/NVCA

Venture capital exits hit $67.7 billion in value in the U.S. in the second quarter, the largest value since a slowdown began after 2021, according to the first look at the Pitchbook NVCA Venture Monitor.

However, deal counts were flat in Q2 from a year ago and deal value was down 25% from Q1. The lower activity could reflect uncertainty around the economy in the wake of Trump’s tariff trade wars.

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Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.