State of Pre-Seed 2025 in review

2026

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AI-generated summary

1) This report provides a comprehensive review of the pre-seed funding landscape in 2025, offering insights into key trends, instrument usage, and industry performance.
2) - Analysis of SAFEs and convertible notes, including valuation caps, discount rates, and their prevalence.
- Breakdown of pre-seed funding by industry, highlighting top-performing sectors like SaaS, hardware, and biotech.
- Regional and metro area analysis of pre-seed capital distribution across the United States.
3) Pre-seed funding, SAFEs, convertible notes, startup investment, venture capital

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