The April 2026 US Venture Capital Funding Report

"US venture capital activity reached $20.80 billion across 442 deals in April 2026, representing a 63.9% surge in capital and a 21.1% increase in deal count year-over-year from the $12.69 billion raised across 365 deals in April 2025. The month was defined by a single extraordinary transaction and a broadening of investment themes beyond artificial intelligence."

"Project Prometheus, a San Francisco-based foundational AI company targeting physical-world applications, raised a $10 billion late-stage round that alone accounted for 48.1% of all capital deployed nationally. Beneath that headline, the remaining 441 deals totaled $10.80 billion, reflecting a market with substantial breadth across AI infrastructure, defense technology, energy, and advanced manufacturing."

"AI companies captured 73.0% of all capital deployed, totaling $15.18B across 189 deals. Late-stage rounds commanded 76.4% of all capital across just 50 deals. Defense, aerospace, and energy companies were prominent among the month's largest non-AI transactions."

"New York City accounted for 8.6% of US capital and 14.7% of national deal volume. Average deal size: $47.1M | Median deal size: $5.8M. Excluding Project Prometheus, US startups raised $10.80 billion across 441 deals."

US venture capital activity reached $20.80 billion across 442 deals in April 2026, up 63.9% in capital and 21.1% in deal count year-over-year. AI companies captured 73.0% of all capital, totaling $15.18 billion across 189 deals. A single transaction, Project Prometheus, raised a $10 billion late-stage round and accounted for 48.1% of total US capital. Excluding that round, startups raised $10.80 billion across 441 deals. Late-stage rounds represented 76.4% of all capital across 50 deals. Defense, aerospace, and energy featured prominently among the largest non-AI deals. New York City accounted for 8.6% of capital and 14.7% of deal volume, with an average deal size of $47.1M and a median of $5.8M.

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