Allie Garfinkle / Fortune:

PitchBook: 15.9% of VC-backed deals in 2025 so far have been down rounds, a 10-year high, with AI and ML startups accounting for 29.3% of the down rounds  —  Chime executives, along with family, celebrating the company's IPO at the Nasdaq.  —  The soaring valuations of the early 2020s are, finally, coming back to earth.

Allie Garfinkle / Fortune:

PitchBook: 15.9% of VC-backed deals in 2025 so far have been down rounds, a 10-year high, with AI and ML startups accounting for 29.3% of the down rounds  —  Chime executives, along with family, celebrating the company's IPO at the Nasdaq.  —  The soaring valuations of the early 2020s are, finally, coming back to earth.

Source: TechMeme
Source Link: http://www.techmeme.com/250817/p6#a250817p6