PitchBook-2025年一季度供应链技术风险投资趋势（英）-2025 .docxVIP

EMERGINGTECHRESEARCH

SupplyChainTechVCTrends

VCactivityacrossthesupplychaintechecosystem

Q12025

REPORTPREVIEW

ThefullreportisavailablethroughthePitchBookPlatform.

Contents

Supplychaintechlandscape 3

SupplychaintechVCecosystemmarketmap 4

VCactivity 5

SupplychaintechVCdealsummary 19

InstitutionalResearchGroup

Analysis

JonathanGeurkinkSeniorResearchAnalyst,MobilityTechandSupplyChainTech

jonathan.geurkink@

Data

HarrisonWaldockDataAnalyst

pbinstitutionalresearch@

Publishing

ReportdesignedbyChloeLadwigandMeganWoodard

PublishedonMay8,2025

Q12025SupplyChainTechVCTrends CONFIDENTIAL.NOTFORREDISTRIBUTION.PG2

$

Supplychaintechlandscape

Enterprisesupplychainmanagement

Warehousingtech

Freighttech

Last-miledelivery

Q12025SupplyChainTechVCTrends CONFIDENTIAL.NOTFORREDISTRIBUTION.PG3

VCactivity SupplychaintechVCdealactivity

Thesupplychaintechvertical’sQ1dealvalueof$2.4billionwasdownsharplyQoQbutreturnedtothenormallevelsseeninQ32024andpriorquarters.Waymo’soutsizeddealinQ42024significantlyskeweddealvalueresults.OnaYoYbasis,Q1dealvaluewasup23.8%.Dealcountwasdown13.3%YoYand14.7%QoQ.Exitcountrose50%QoQto21,drivenbyadoublinginacquisitions.TheQ1exitcountwas25.4%higherthantheaverageofthepriorfourquarters.Dealcountforthepre-seed/seed,early,andlatestagesalldeclinedmoderatelyQoQ,whileventure-

growthdealcountrose45%.AlthoughdealvalueforthefreighttechsegmentwasdownQoQdue

834 921

$12.3

$19.8

2015 2016

1,2681,025

$14.2 $29.8

2017 2018

1,786

1,314 1,378 1,380

940 715

163$33.3 $34.8 $64.3 $30.1 $10.6 $16.2 $2.4

2019 2020 2021 2022 2023 2024 2025

totheQ4Waymodeal,itwasapproximatelytwicetheaverageofthepriorfourquarters.Deal Dealvalue($B) DealcountvaluefortheenterprisesupplychainmanagementsegmentwasupmodestlyQoQ,whilelast-mile

deliverydealvalu