Market Conditions Update Q3 2025

Research & Frameworks
Market Conditions Update

Key Takeaways:

  • Robust and healthy private technology market

  • Deal mark-ups set almost three-year highs

  • AI companies continue to raise faster than non-AI counterparts

  • IPO and M&A markets warm with a number of deals on file

  • Investor demand remains for strong core business models

Download the summary report here.

About The Market Conditions Update

The Friends & Family Capital Market Conditions Update features metrics that we track internally on companies raising capital at valuations ranging from $1 Billion to $10 Billion.

This is one of the assets we review with founders, CEOs, and CFOs in our network as they prepare for their growth rounds.