US FinTech investment grew 16% YoY in Q1 driven by increase in deals over $100m

US FinTech companies raised $11.1bn across 466 deals in Q1 2026, up 16% in funding and 33% in deal volume from Q1 2025.

Against Q4 2025, funding fell 31%, though deal volume was 17% higher. The Q4 2025 figures were heavily influenced by a concentration of large transactions, and Q1 2026 represents a return to more familiar territory.

Average deal size reflects that shift, dropping from $40.6m in Q4 2025 to $23.8m in Q1 2026, broadly in line with the $27.4m recorded in Q1 2025.