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Global investing in startups hit $297 billion in Q1 2026, breaking all records, according to new Crunchbase data<\/a>. That\u2019s a massive 2.5x increase over the $118 billion raised in the previous quarter. This single-quarter haul outpaces every full year of global VC activity prior to 2019.<\/p>\n The unprecedented spike was fueled by just four behemoth deals, each a record-breaker in its own right.<\/p>\n Last month, OpenAI announced that it is now valued at $862 billion after collecting $122 billion<\/a>, surpassing the previous record for the largest funding round ever, also held by OpenAI when the ChatGPT maker raised $40 billion<\/a> a year ago. <\/p>\n The quarter also saw Anthropic<\/a>, its main rival, raise $30 billion at a valuation of $380 billion. That funding haul effectively made it the third-largest VC round on record. The other two mega-deals of the quarter included a $20 billion<\/a> fundraise by xAI and Waymo\u2019s $16 billion<\/a> round.<\/p>\n These four rounds collectively raised $188 billion, accounting for more than 63% of total funding in the quarter. <\/p>\n While it might appear that without them, fundraising appears to be on a more typical trajectory, anecdotal evidence implies otherwise. Investors and founders say, for example, that seed-stage AI startups are commanding bigger dollars, and higher valuations at earlier stages<\/a> than ever before.<\/p>\n Techcrunch event<\/p>\n