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Facebook Ads Cost Per Purchase Benchmarks for Venture Capital & Investment

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Cost Per Purchase for Venture Capital & Investment

February 2025 - February 2026

Insights

Detailed observation of presented data

Introduction

Venture Capital & Investment acquisition costs spent much of early 2025 below the market and then accelerated dramatically into late Q3 and October. While the global benchmark for cost per purchase (CPP) stayed remarkably steady around the low-$50s, the category’s CPP across all countries swung from low-$30s to nearly $181 by October—a sharp late-year escalation with short, abrupt reversals in between. The result is a pattern that’s both momentum-driven and unusually volatile, with two standout spikes: August and October.

This analysis is based on $3B worth of advertising data from our dataset, which provides strong directional benchmarks. This analysis explores ad performance trends for Venture Capital & Investment across all countries compared to the global benchmark.

The story in the data

Across the observed window (Feb–Oct 2025), Venture Capital & Investment CPP averaged about $90.64, with a median near $75—well above the market baseline. The category started at $34.43 in February, dipped to a cycle low of $33.58 in June, and then surged to a peak of $180.82 in October. The range across these months was wide at roughly $147.

Month-to-month movements were pronounced:

  • Feb → May: +114% ($34.43 → $73.59), then May → Jun: −54% (to $33.58)
  • Jun → Jul: +124% (to $75.01)
  • Jul → Aug: +111% (to $157.90)
  • Aug → Sep: −50% (to $79.14)
  • Sep → Oct: +129% (to $180.82)

On average, absolute shifts between observations were about $64—evidence of a choppy path with outsized swings. By contrast, the global CPP moved just $1.26 on average month to month over the same period.

Seasonal and monthly dynamics

The category’s rhythm showed a soft first half, with February and June anchored in the mid-$30s, followed by a decisive lift beginning in July. August delivered the first major spike, a brief September pullback reset levels to roughly half of August, and then October climbed to the highest CPP of the period. This pattern aligns with common platform dynamics: steadier costs in H1, rising pressure in late Q3, and peak intensity near the start of Q4.

Country vs. Global

Relative to Facebook Ads benchmarks globally (all industries), Venture Capital & Investment ran hot overall. The category’s average CPP ($90.64) was 73% above the global average for Feb–Oct ($52.42). The global series stayed narrow—high of $54.77 (Feb), low of $49.18 (Jul), range about $5.59—and trended slightly down from February to October (−3.6%). In contrast, Venture Capital & Investment climbed from $34.43 in February to $180.82 in October (+425%).

The gap oscillated widely:

  • Below market in February (−37%) and June (−34%)
  • Above market from July onward: +52% (Jul), +197% (Aug), +49% (Sep), +242% (Oct)

At its narrowest, the category sat 34% below the market (June); at its widest, it was 242% above (October). Volatility was the key differentiator—roughly 50x the global month-to-month change.

Closing

Understanding Facebook Ads cost-per-purchase benchmarks for Venture Capital & Investment across all countries highlights a year defined by midyear lift and an outsized Q3–Q4 surge, with CPP levels far above the global baseline and markedly more volatile. These CPP trends provide a clear read on country-agnostic ad costs and how industry ad performance diverged from global patterns.

Understanding the Data

Insights & analysis of Facebook advertising costs

Facebook advertising costs vary based on many factors including industry, target audience, ad placement, and campaign objectives. In the Venture Capital & Investment industry, Facebook ad costs can be influenced by seasonal trends and market competition. Geographic targeting affects ad costs based on market competition and user engagement in different regions. Different campaign objectives lead to varying costs based on how Facebook optimizes for your specific goals. The data shown represents median values across multiple campaigns, and individual results may vary based on ad quality, audience targeting, and campaign optimization.

Why we use median instead of average

We use the median CTR because the underlying distribution of click-through rates is highly skewed, with a small share of campaigns achieving extremely high CTRs. These outliers can inflate a simple average, making it less representative of what most advertisers actually experience. By using the median—which sits at the midpoint of all campaigns—we provide a more rigorous and realistic benchmark that reflects the true underlying data model and helps you set attainable performance expectations.

Key Factors Affecting Facebook Ad Costs

  • Competition within your selected industry and audience demographics
  • Ad quality and relevance score – higher quality ads can lower costs
  • Campaign objective and bid strategy
  • Timing and seasonality – costs often increase during holiday periods
  • Ad placement (News Feed, Instagram, Audience Network, etc.)

Note: This data represents industry median values and benchmarks. Your actual costs may vary based on specific targeting, ad creative quality, and campaign optimization.

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The data behind the benchmarks

All data is sourced from over $3B in Facebook ad spend, collected across thousands of ad accounts that use Superads daily to analyze and improve their campaigns. Every data point is fully anonymized and aggregated—no individual advertiser is ever exposed.

This dataset updates frequently as new ad data flows in. It will only get bigger and better.

What's a healthy cost per purchase for ecommerce brands?

It depends on your product price and margins. Most brands aim for $10 to $50. For higher-ticket products, a higher CPA may be acceptable as long as you're maintaining a strong return on ad spend.

How does product price impact CPA benchmarks?

Higher-priced products typically have a higher CPA because people take longer to convert. That's not necessarily a problem if your margin can support it. You should measure CPA in context with AOV and LTV.

Why are my purchase costs going up despite stable ROAS?

Your AOV may be increasing, which helps maintain ROAS even if CPA rises. You could also be facing higher CPMs, lower conversion rates, or creative fatigue.

Should I use manual bidding to control CPA more effectively?

Manual bidding can help if you're struggling to stay within target CPA. It's best used by experienced advertisers who can monitor performance and adjust regularly. It gives more control, but also requires more effort.

How do I scale spend without letting CPA skyrocket?

Increase budget gradually, rotate creative often, and avoid overlapping audiences. Scaling too quickly can lead to audience saturation and rising CPAs.