China’s Largest Startup Deal Ever Lifts Global Venture Funding To $59B In October

A record DeepSeek round helped drive October’s global funding surge

Global venture funding in October totaled $59 billion, a 45% jump from a year earlier, per Crunchbase data, in large part due to a record-setting $15.9 billion funding round for China’s DeepSeek.

Crunchbase News2026-11-03