📉 Crunchbase: US venture records rely on giant rounds as early-stage deals fall Crunchbase data shows US venture funding records are driven by giant rounds, while funding in rounds under $100M has dropped below 2022–2023 levels. Angel-stage deals fell from 3,635 in Q1 2023 to 1,756 in Q3 2026, and early-stage deals dropped from 887 to 602. Series B rounds have shown little decline or growth over the past two to three years.