Daily edition

Monday 23 June 2025

20 rounds and $1B raised. The biggest: Harvey, $300M.

Rounds
20 +54%
Capital raised
$1B +3%
Median round
$8.8M -20%

vs Mon 16 Jun

The day in charts

AI took 70% of the capital on this day, down from 81% on Mon 16 Jun. $1B in all, up 3% on Mon 16 Jun.

The 5 biggest rounds

The 5 biggest rounds raised $798M, 80% of the total.

The 5 biggest rounds, Monday 23 June 2025Harvey: $300M; PhysicsX: $135M; Finom: $132M; Decagon: $131M; Halter: $100M Harvey $300M · Series E PhysicsX $135M · Series B Finom $132M · Series C Decagon $131M · Series C Halter $100M · Series D

Mega-rounds against the rest

5 of 20 rounds made 80% of the capital.

25% of the rounds were of $100M or more 25%of the rounds5 of 2080% of the capital came from rounds of $100M or more 80%of the capital$798M of $1B
Rounds of $100M or more, Monday 23 June 2025
RoundsCapital
$100M or more5$798M
The rest15$204M

Where the capital went

AI raised $706M, 70% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 23 June 2025 70% AI AI $706M 9 rounds 70% Fintech $162M 2 rounds 16% Climate & Energy $100M 1 round 10% Enterprise software $18.9M 4 rounds 2% Robotics & Hardware $7.7M 1 round <1% Consumer $7.6M 3 rounds <1%
Capital by sector, Monday 23 June 2025
SectorCapitalShareRounds
AI$706M70%9
Fintech$162M16%2
Climate & Energy$100M10%1
Enterprise software$18.9M2%4
Robotics & Hardware$7.7M<1%1
Consumer$7.6M<1%3

Where the rounds were

United States raised $499M, 50% of the capital. Rounds in 11 countries.

Capital by country, Monday 23 June 2025United States: $499M; United Kingdom: $135M; Netherlands: $132M; Canada: $105M; New Zealand: $100M; France: $14.9M; India: $12.3M; Nigeria: $1.8M; Sweden: $1.2M; Germany: $832K; Finland: $600K United States $499M · 6 rounds United Kingdom $135M · 1 round Netherlands $132M · 1 round Canada $105M · 2 rounds New Zealand $100M · 1 round France $14.9M · 3 rounds India $12.3M · 2 rounds Nigeria $1.8M · 1 round

Most active investors

Accel joined 2 rounds, leading 2, more than any other investor.

Most active investors, Monday 23 June 2025Accel: 2 rounds, 2 led; BOND: 2 rounds, 1 led; Sequoia Capital: 2 rounds, 0 led; General Catalyst: 2 rounds, 0 led; Kima Ventures: 2 rounds, 0 led; Kleiner Perkins: 1 rounds, 1 led; Atomico: 1 rounds, 1 led; AVP: 1 rounds, 1 led; Growth Equity at Goldman Sachs Alternatives: 1 rounds, 1 led; F-Prime: 1 rounds, 1 ledLedJoined Accel 2 rounds · 2 led BOND 2 rounds · 1 led Sequoia Capital 2 rounds General Catalyst 2 rounds Kima Ventures 2 rounds Kleiner Perkins 1 round · 1 led Atomico 1 round · 1 led AVP 1 round · 1 led Growth Equity at Goldman Sach… 1 round · 1 led F-Prime 1 round · 1 led

Rounds by stage

Seed was the most common stage: 4 rounds, median $5.7M. The median round size is under each column.

Rounds by stage, Monday 23 June 2025 3 Pre $832K 4 Seed $5.7M 4 A $8.8M 3 B $80M 2 C $131M 1 D $100M 1 E+ $300M 2 Other $3.8M
Rounds by stage, Monday 23 June 2025
StageRoundsMedian round
Pre-Seed3$832K
Seed4$5.7M
Series A4$8.8M
Series B3$80M
Series C2$131M
Series D1$100M
Series E+1$300M
Other or undisclosed2$3.8M

The cities that raised

San Francisco raised $436M, more than all of Europe ($285M). Rounds from 14 cities.

Capital by city, Monday 23 June 2025San Francisco: $436M; London: $135M; Amsterdam: $132M; Auckland: $100M; Toronto: $80M; Montreal: $25M; Paris: $13.2M; Atlanta: $10M; Chennai: $7.7M; New Delhi: $4.6M; Lagos: $1.8M; Stockholm: $1.2M San Francisco $436M · 3 rounds London $135M · 1 round Amsterdam $132M · 1 round Auckland $100M · 1 round Toronto $80M · 1 round Montreal $25M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Wed 18 Jun, $1.2B.

Capital raised per day, Monday 23 June 2025 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; Thu 19 Jun: $163M, 18 rounds; Fri 20 Jun: $77.2M, 5 rounds; Sat 21 Jun: $0K, 0 rounds; Sun 22 Jun: $0K, 0 rounds; Mon 23 Jun: $1B, 20 rounds $500M$1B$1.5B 10 11 12 13 14 15 16 17 18 19 20 21 22 23 $1.2B$1B
Capital raised per day, Monday 23 June 2025
DayRoundsCapitalBiggest round
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
Thu 19 Jun18$163MAIM Intelligent Machines, $50M
Fri 20 Jun5$77.2MPayabli, $28M
Sat 21 Jun0$0K
Sun 22 Jun0$0K
Mon 23 Jun20$1BHarvey, $300M
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