Daily edition
Wednesday 25 June 2025
25 rounds and $793M raised. The biggest: Kalshi, $185M.
- Rounds
- 25 -29%
- Capital raised
- $793M -34%
- Median round
- $13.5M +109%
vs Wed 18 Jun
The day in charts
AI took 32% of the capital on this day, up from 28% on Wed 18 Jun. $793M in all, down 34% on Wed 18 Jun.
The 5 biggest rounds
The 5 biggest rounds raised $467M, 59% of the total.
Mega-rounds against the rest
2 of 25 rounds made 36% of the capital.
| Rounds | Capital | |
|---|---|---|
| $100M or more | 2 | $285M |
| The rest | 23 | $508M |
Where the capital went
AI raised $252M, 32% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $252M | 32% | 11 |
| Fintech | $196M | 25% | 2 |
| Robotics & Hardware | $118M | 15% | 3 |
| Consumer | $61.6M | 8% | 1 |
| Cybersecurity | $60M | 8% | 1 |
| Web3 | $57M | 7% | 1 |
| Climate & Energy | $32.3M | 4% | 3 |
| Health | $15.1M | 2% | 2 |
| Other | $2.1M | <1% | 1 |
Where the rounds were
United States raised $433M, 55% of the capital. Rounds in 7 countries.
Most active investors
Accel joined 2 rounds, leading 2, more than any other investor.
Rounds by stage
Series A was the most common stage: 8 rounds, median $16.8M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 3 | $2.9M |
| Seed | 5 | $2.3M |
| Series A | 8 | $16.8M |
| Series B | 3 | $57M |
| Series C | 2 | $123M |
| Series D | 1 | $60M |
| Growth | 1 | $29M |
| Other or undisclosed | 2 | $20.8M |
The cities that raised
New York raised $256M, more than all of Europe ($184M). Rounds from 10 cities.
The last two weeks
This day against the 13 days before it. The biggest: Tue 24 Jun, $1.2B.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| Thu 12 Jun | 30 | $1B | Multiverse Computing, $219M |
| Fri 13 Jun | 9 | $100M | Yupp, $33M |
| Sat 14 Jun | 0 | $0K | |
| Sun 15 Jun | 2 | $51.7M | Aspora, $50M |
| Mon 16 Jun | 13 | $969M | Helsing, $694M |
| Tue 17 Jun | 43 | $932M | Antares Therapeutics, $177M |
| Wed 18 Jun | 35 | $1.2B | TerraPower, $650M |
| Thu 19 Jun | 18 | $163M | AIM Intelligent Machines, $50M |
| Fri 20 Jun | 5 | $77.2M | Payabli, $28M |
| Sat 21 Jun | 0 | $0K | |
| Sun 22 Jun | 0 | $0K | |
| Mon 23 Jun | 20 | $1B | Harvey, $300M |
| Tue 24 Jun | 41 | $1.2B | Abridge, $300M |
| Wed 25 Jun | 25 | $793M | Kalshi, $185M |
All rounds
- KalshiCFTC-regulated exchange for trading on event outcomesLed by Paradigm, with Sequoia Capital $185MSeries C · United States
- Raphe mPhibrDesigns and manufactures drones and unmanned aircraft in IndiaLed by General Catalyst, with Think Investments $100MSeries B · India
- GIVADirect-to-consumer silver, gold and lab-grown diamond jewellery brandLed by Creaegis, with Premji Invest, Epiq Capital $61.6MSeries C · India
- CentificData and human-in-the-loop services to train and test AI modelsLed by Granite Asia $60MSeries A · United States
- ClearspeedVoice-based risk assessment for insurance and national securityLed by Align Private Capital, with IronGate Capital Advisors, Bravo Victor Venture Capital +1 $60MSeries D · United States
- ZamaFully homomorphic encryption tools for confidential blockchains and AILed by Pantera Capital, with Blockchange Ventures $57MSeries B · France
- OpenRouterUnified API to access and route requests across many AI modelsLed by Andreessen Horowitz, with Menlo Ventures, Sequoia Capital $40MSeries A · United States
- MandolinAI agents that automate paperwork for specialty drug accessLed by Greylock Partners, with SignalFire, Maverick +1 $40MUnited States
- MetaviewAI note-taking and automation for recruiters' interviewsLed by GV, with Plural, Vertex Ventures +1 $35MSeries B · United Kingdom
- NiuralAI-native global PEO, payroll and B2B payments platformLed by Marathon Management Partners, with Alliance DAO, New Form Capital +3 $31MSeries A · United States
- MelvanDevelops, builds and operates solar and wind power plants in FranceLed by Bpifrance (FIEE 2), with IDIA Capital Investissement, Sofilaro +1 $29MGrowth · France
- Synthflow AINo-code platform to build AI voice agents for phone callsLed by Accel, with Atlantic Labs, Singular $20MSeries A · Germany
- LIDROTECLiquid-assisted laser systems for low-damage chip dicingLed by Lam Capital, with Goose Capital, ZEISS Ventures +2 $13.5MSeries A · Germany
- ElfieFree app rewarding people for managing chronic conditions like diabetesLed by White Star Capital, with LifeX Ventures $12MSeries A · Switzerland
- The Owl AIAI platform that judges and scores judged sports such as X Games eventsLed by S32, with Menlo Ventures, Susa Ventures $11MSeed · United States
- SahiStock and options trading app for Indian retail tradersLed by Accel, with Elevation Capital $10.5MSeries A · India
- chatlynAI guest communication platform for hotelsLed by Smedvig Ventures, with Andreas Burike, Blaguss $9.3MSeries A · Austria
- Lux AeternaReusable satellite buses that return to Earth and fly againLed by Space Capital, with Dynamo Ventures, Mission One Capital +1 $4MPre-Seed · United States
- Oria BioscienceMicrofluidic platform producing standardized cell organelles for pharma drug discoveryLed by Newfund, with Galion.exe, Cenitz +1 $3.1MSeed · France
- AltertableAI platform unifying data warehouse, product analytics and data analysisLed by 20VC, with Kima Ventures, Drysdale Ventures +2 $2.9MPre-Seed · France
- Nascent MaterialsCheaper process to make LFP battery cathode materialsLed by SOSV, with New Jersey Innovation Evergreen Fund, UM6P Ventures $2.3MSeed · United States
- traplinkedConnected traps and camera sensors for digital pest monitoringLed by Bayern Kapital, with Scholl Venture Partner, D11Z.Ventures +3 $2.1MSeed · Germany
- ArmoryAI-driven counter-drone systems on its Samaritan OSLed by growX ventures, with Industrial 47, Antler +2 $1.5MIndia
- Sthyr EnergyZinc-air batteries for long-duration renewable energy storageLed by Speciale Invest, with Antares Ventures $1MSeed · India
- AuraMLGenerative simulation that builds 3D test environments for industrial robotsLed by Turbostart, with DeVC, GSF Accelerator +1 $1MPre-Seed · India
No round matches these filters.