Venture capital fundraising in 2024 remained subdued, with 38 new funds raising $2.8 billion, slightly up from 30 funds totaling $2.1 billion in 2023. This follows a significant 2022 peak when 93 funds raised $11.2 billion during a post-COVID boom. Political uncertainties, particularly in India, impacted investor confidence, with 85% of capital being dollar-denominated. However, expectations for 2025 are more optimistic, as sectors like defence-tech and artificial intelligence gain traction. VCs also anticipate significant exits from public listings, with $4.06 billion earned in 2024, highlighting a recovering IPO market and renewed investor strategies.