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ft.com

The venture capital money machine is spinning again

Figma’s blockbuster IPO highlights the outsized gains that can be made from early-stage investment

giovedì 7 agosto 2025 New tab

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Figma hits $20bn valuation in oversubscribed IPO

Listing closely watched by Silicon Valley venture capitalists looking to realise more start-up investments

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European start-up valuations boom on investor frenzy

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

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Get ready for a spectacular IPO boom from the big beasts of Silicon Valley

SpaceX, OpenAI and Anthropic will break new ground — potentially with the scale of their losses

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The moneymen funding Big Tech’s AI dreams

Plus, the blockbuster IPOs putting bankers under the microscope

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Investors need to rethink the ‘factor’ approach

Portfolio management should be based more on themes such as innovation

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AI start-ups amass record $150bn funding cushion as bubble fears mount

Mega funding rounds create ‘fortress balance sheets’ as investors advise top groups to brace for tougher markets

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