2025 SaaS Benchmarks Report by High Alpha
Contents
Introduction
Executive Summary
AI-Driven Market Rebound
Growth & Efficiency
SaaS Metrics & Trends
People
Founder Insights
Closing
AI Investment Driving Venture Resurgence
AI VC DEAL ACTIVITY The Last Four Quarters Have Seen Outsized Investment in AI, Carrying the Venture Industry
AI Deal Count Total Deal Count Total Deal Value AI Deal Value
Deal Value
Deal Count
$120B
6000
$100B
5000
! INSIGHTS
AI continues to dominate venture capital activity, accounting for a disproportionate share of total deal value over the past year. Average deal sizes now exceed $40 million , illustrating the scale of conviction behind AI infrastructure, enablement, and application layers. This influx has lifted overall venture volumes. But beneath the surface, non-AI sectors are seeing flatter activity, underscoring how AI has become both the growth engine and gravitational center of venture markets.
$80B
4000
$60B
3000
2000
$40B
1000
$20B
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2018
2019
2020
2021
2022
2023
2024
2025
Source: Q3 2025 Pitchbook NVCA Venture Monitor
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