PitchBook-2025年VC新兴机会（英）.pdfVIP

GLOBAL

VCEmerging

Opportunities

Early-stageinvestmentattractiveness

acrosstechnologyverticals

2025

IntroductionPitchBookData,Inc.

Research

InthedynamicVCinvestmentlandscape,trendsinemergingtechnologyverticalscanshiftquickly.This

reportcanhelpinvestorsstayontopofthosetrendsbyprovidingthemwithaquantitativeapproachto

verticalanalysisthatblendsbottom-upandtop-downperspectives.TheultimategoalistoprovideAndrewAkers,CFALeadQuantitativeResearchAnalyst

investorswithanobjectivewaytocomparerisksandopportunitiesinearly-stagestartupinvestmentsandrew.akers@

(seed,SeriesA,andSeriesB)acrossandwithinverticals,therebyenablingwell-informedportfolio

allocationdecisions.

AtthecoreofthisanalysisliesthePitchBookVCExitPredictor,amachinelearning(ML)modelthatSusanHuQuantitativeResearchAnalyst

predictstheprobabilitythatastartupwillbeacquired,gopublic,ornotexit.Thistoolservesasthe

foundationforourbottom-upanalysisbyallowingustoaggregateindividualcompanypredictionsintosusan.hu@

avertical-levelassessment,whichprovidesvaluableinsightsintothepotentialrisksandreturn

opportunitiesassociatedwitheachvertical.

Ourtop-downanalysiscomplementstheinsightsprovidedbytheVCExitPredictorbytrackingand

synthesizingimportantmacroeconomic-leveltrendsacrossverticals.Indicatorsinthisana