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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

November 2024 - November 2025

Insights

Detailed observation of presented data

Introduction

Cost per purchase for Venture Capital & Investment across all countries charted a dramatic climb over the past year, breaking sharply from the steadier global benchmark. The category started well below the market in late 2024, crossed above mid‑year, and then surged in late Q3 and October 2025 with outsized spikes. The pattern is marked by big swings—rapid lifts followed by sudden dips—culminating in a year-end high that far outpaced the global median.

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 months, cost per purchase (CPP) in Venture Capital & Investment averaged about $81.85, with a median around $74.30. The series ranged from a low of $20.28 in November 2024 to a high of $180.82 in October 2025—an increase of roughly 790% from start to finish. Notable month-to-month moves underscored the volatility: +$39 in May, −$40 in June, +$41 in July, a breakout +$83 in August to $157.90, a pullback to $79.14 in September, and then a new peak in October at $180.82. The average absolute monthly swing was approximately $56.87, signaling a choppy acquisition-cost environment.

By contrast, the global benchmark averaged about $49.51 over the same window (November 2024 to October 2025), moving within a narrow band from $42.73 to $53.81. Month-to-month changes averaged only $2.40, a far steadier cadence than the industry’s all‑countries series.

Seasonal and monthly dynamics

The Venture Capital & Investment category showed a two-phase year: depressed CPP through early 2025, then a sharp upswing from May onward. Late summer accelerated markedly, with August more than doubling July’s level, before a brief September cooldown and a fresh Q4 high in October. This differs from the broader market’s typical rhythm, where CPP gradually eased from a February high ($53.81) toward October ($45.51), reflecting a more measured seasonal glide.

While the global market’s Q1–Q3 path was relatively smooth, the category’s late-summer and early‑Q4 bursts created a pronounced crest. Even the mid-year dip in June ($33.58) proved temporary, as CPP rebounded to $75.01 in July and then vaulted to $157.90 in August.

Country vs. Global

Relative to the global benchmark, Venture Capital & Investment across all countries averaged about 65% higher CPP for the period, but the gap shifted dramatically month to month. The series began below market in November 2024 ($20.28 vs. $42.73, −53%), remained under in February (−36%), then flipped above in May (+44%). June briefly fell back below (−30%), followed by sustained premiums: +60% in July, +213% in August, +60% in September, and a striking +298% in October. In short, the global trend drifted mildly lower (around −8% from February to October), while the category swung widely and ended the period far above market.

Closing

Facebook Ads benchmarks for cost per purchase show that Venture Capital & Investment across all countries experienced a volatile year, with late‑season surges lifting CPP well above global levels. Understanding cost-per-purchase trends for the Venture Capital & Investment industry across all countries helps contextualize acquisition costs against broader market 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.