Amid macroeconomic uncertainty and geopolitical tensions, 2025 presents a paradox for the innovation economy. While overall venture financing has slowed, massive capital flows to AI leaders have driven the highest investment levels alongside the lowest deal counts of the decade. Our H1 2025 Innovation Economy Update examines these market contradictions and emerging signals that point toward potential shifts ahead.
The update explores critical developments, including:
Download our complete analysis to understand the contradictions and opportunities shaping today’s innovation economy. Connect with a J.P. Morgan Startup Banking expert to discuss how these dynamics impact your company’s strategic planning.
John China
Co-Head of Innovation Economy, J.P. Morgan Commercial Banking
Andrew Kresse
Co-Head of Innovation Economy, J.P. Morgan Commercial Banking
JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.