Venture capital is concentrating in the Bay Area. Hard tech is built everywhere else.
Bay Area firms took 55% of new US venture fund commitments in 2025. Why that concentration matters for hard-tech founders who build far from Silicon Valley.
Fluxa First Venture Studio
fundraising
Fluxa First articles tagged fundraising: 2 posts on fundraising for deeptech founders and investors.
What venture Form D filings say about who is raising, and how founders should read them
October Form D data shows many small venture funds and a few very large ones. How to read a fund's filing, and what it means for hard-tech founders raising now.