PitchBook-2025年二季度供应链技术风险投资趋势（英）-2025_10页_5mb

Q2 2025 supply chain tech VC deal activity decreased due to economic uncertainties from tariffs and trade volatility. Deal value fell 11.9% quarter-over-quarter to $2.2 billion and 26.8% year-over-year. Deal count dropped 25.8% QoQ and 34.5% YoY, reaching its lowest quarterly level in eight years. Segment performance varied: warehousing tech saw the highest deal value growth of 36.4% to $317.3 million, though at low deal volume; last-mile delivery rebounded sharply to $456 million driven by Nuro's $106 million deal; freight tech declined QoQ but remained above average; enterprise supply chain management deal value dropped significantly. Key Q2 deals included Stord's $200 million Series E, Porter's $200 million Series F, and Nuro's Series E. Exit activity slowed, with fewer exits than in Q1 2025. Overall trends show sustained decline in deal value and count compared to the same period in the previous year.