Daily edition

Wednesday 18 June 2025

35 rounds and $1.2B raised. The biggest: TerraPower, $650M.

Rounds
35 +30%
Capital raised
$1.2B +3%
Median round
$6.4M -41%

vs Wed 11 Jun

The day in charts

Climate & Energy took 57% of the capital on this day, up from 13% on Wed 11 Jun. TerraPower alone raised $650M, 54% of it.

The 5 biggest rounds

The 5 biggest rounds raised $924M, 77% of the total.

The 5 biggest rounds, Wednesday 18 June 2025TerraPower: $650M; Tennr: $101M; BCDtek: $83.5M; Maven AGI: $50M; Pelico: $40M TerraPower $650M · Growth Tennr $101M · Series C B BCDtek $83.5M · Pre-Series A Maven AGI $50M · Series B Pelico $40M · Series B

Mega-rounds against the rest

2 of 35 rounds made 63% of the capital.

6% of the rounds were of $100M or more 6%of the rounds2 of 3563% of the capital came from rounds of $100M or more 63%of the capital$751M of $1.2B
Rounds of $100M or more, Wednesday 18 June 2025
RoundsCapital
$100M or more2$751M
The rest33$445M

Where the capital went

Climate & Energy raised $687M, 57% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 18 June 2025 57% Climate & Energy Climate & Energy $687M 4 rounds 57% AI $340M 17 rounds 28% Robotics & Hardware $42.3M 3 rounds 4% Fintech $37.7M 5 rounds 3% Enterprise software $28.8M 1 round 2% Other sectors $60.7M 5 rounds 5%
Capital by sector, Wednesday 18 June 2025
SectorCapitalShareRounds
Climate & Energy$687M57%4
AI$340M28%17
Robotics & Hardware$42.3M4%3
Other$40M3%1
Fintech$37.7M3%5
Enterprise software$28.8M2%1
Consumer$20.7M2%4

Where the rounds were

United States raised $903M, 75% of the capital. Rounds in 13 countries.

Capital by country, Wednesday 18 June 2025United States: $903M; China: $83.5M; India: $50.5M; France: $48.6M; Italy: $28.8M; Netherlands: $26.5M; Germany: $17.5M; Finland: $14.4M; Sweden: $9.8M; Portugal: $6.4M; Norway: $5.8M; Greece: $1.2M United States $903M · 10 rounds China $83.5M · 1 round India $50.5M · 4 rounds France $48.6M · 3 rounds Italy $28.8M · 1 round Netherlands $26.5M · 3 rounds Germany $17.5M · 4 rounds Finland $14.4M · 3 rounds

Most active investors

General Catalyst joined 3 rounds, leading 1, more than any other investor.

Most active investors, Wednesday 18 June 2025General Catalyst: 3 rounds, 1 led; Andreessen Horowitz: 2 rounds, 0 led; NVentures: 1 rounds, 1 led; IVP: 1 rounds, 1 led; CDF Capital: 1 rounds, 1 led; Dell Technologies Capital: 1 rounds, 1 led; Bertelsmann India Investments: 1 rounds, 1 led; 1GT (Morgan Stanley Investment Management): 1 rounds, 1 led; Base10 Partners: 1 rounds, 1 led; CIV: 1 rounds, 1 ledLedJoined General Catalyst 3 rounds · 1 led Andreessen Horowitz 2 rounds NVentures 1 round · 1 led IVP 1 round · 1 led CDF Capital 1 round · 1 led Dell Technologies Capital 1 round · 1 led Bertelsmann India Investments 1 round · 1 led 1GT (Morgan Stanley Investmen… 1 round · 1 led Base10 Partners 1 round · 1 led CIV 1 round · 1 led

Rounds by stage

Seed was the most common stage: 18 rounds, median $3.2M. The median round size is under each column.

Rounds by stage, Wednesday 18 June 2025 2 Pre $3.1M 18 Seed $3.2M 6 A $11M 4 B $27M 1 C $101M 1 E+ $30M 2 Growth $345M 1 Other $6.4M
Rounds by stage, Wednesday 18 June 2025
StageRoundsMedian round
Pre-Seed2$3.1M
Seed18$3.2M
Series A6$11M
Series B4$27M
Series C1$101M
Series E+1$30M
Growth2$345M
Other or undisclosed1$6.4M

The cities that raised

Bellevue raised $650M, more than all of Europe ($159M). Rounds from 20 cities.

Capital by city, Wednesday 18 June 2025Bellevue: $650M; New York: $101M; Shenzhen: $83.5M; Boston: $50M; Paris: $42.6M; New Delhi: $40M; Milan: $28.8M; Redondo Beach: $25M; Helsinki: $14.4M; Palo Alto: $12M; Bengaluru: $10M; Berlin: $7.9M Bellevue $650M · 1 round New York $101M · 1 round Shenzhen $83.5M · 1 round Boston $50M · 1 round Paris $42.6M · 2 rounds New Delhi $40M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Thu 5 Jun, $4B.

Capital raised per day, Wednesday 18 June 2025 Thu 5 Jun: $4B, 27 rounds; Fri 6 Jun: $58.1M, 7 rounds; Sat 7 Jun: $0K, 0 rounds; Sun 8 Jun: $3.7M, 1 round; Mon 9 Jun: $559M, 22 rounds; Tue 10 Jun: $817M, 34 rounds; Wed 11 Jun: $1.2B, 27 rounds; Thu 12 Jun: $1B, 30 rounds; Fri 13 Jun: $100M, 9 rounds; Sat 14 Jun: $0K, 0 rounds; Sun 15 Jun: $51.7M, 2 rounds; Mon 16 Jun: $969M, 13 rounds; Tue 17 Jun: $932M, 43 rounds; Wed 18 Jun: $1.2B, 35 rounds $2B$4B$6B 5 6 7 8 9 10 11 12 13 14 15 16 17 18 $4B$1.2B
Capital raised per day, Wednesday 18 June 2025
DayRoundsCapitalBiggest round
Thu 5 Jun27$4BAnduril Industries, $2.5B
Fri 6 Jun7$58.1MKargo, $18.4M
Sat 7 Jun0$0K
Sun 8 Jun1$3.7MNova Talent, $3.7M
Mon 9 Jun22$559MMosanna Therapeutics, $80M
Tue 10 Jun34$817MGlean, $150M
Wed 11 Jun27$1.2BCyera, $540M
Thu 12 Jun30$1BMultiverse Computing, $219M
Fri 13 Jun9$100MYupp, $33M
Sat 14 Jun0$0K
Sun 15 Jun2$51.7MAspora, $50M
Mon 16 Jun13$969MHelsing, $694M
Tue 17 Jun43$932MAntares Therapeutics, $177M
Wed 18 Jun35$1.2BTerraPower, $650M
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