Daily edition

Wednesday 2 July 2025

23 rounds and $650M raised. The biggest: Climeworks, $162M.

Rounds
23 -8%
Capital raised
$650M -18%
Median round
$6M -56%

vs Wed 25 Jun

The day in charts

Climate & Energy took 45% of the capital on this day, up from 4% on Wed 25 Jun. $650M in all, down 18% on Wed 25 Jun.

The 5 biggest rounds

The 5 biggest rounds raised $527M, 81% of the total.

The 5 biggest rounds, Wednesday 2 July 2025Climeworks: $162M; Talon.One: $135M; Terra CO2: $124M; Savvy Wealth: $72M; Wonderful: $34M Climeworks $162M · Venture Talon.One $135M · Growth Terra CO2 $124M · Series B Savvy Wealth $72M · Series B Wonderful $34M · Seed

Mega-rounds against the rest

3 of 23 rounds made 65% of the capital.

13% of the rounds were of $100M or more 13%of the rounds3 of 2365% of the capital came from rounds of $100M or more 65%of the capital$421M of $650M
Rounds of $100M or more, Wednesday 2 July 2025
RoundsCapital
$100M or more3$421M
The rest20$229M

Where the capital went

Climate & Energy raised $292M, 45% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 2 July 2025 45% Climate & Energy Climate & Energy $292M 3 rounds 45% Enterprise software $138M 2 rounds 21% AI $121M 10 rounds 19% Fintech $85.5M 3 rounds 13% Health $7.1M 2 rounds 1% Other sectors $5.4M 3 rounds <1%
Capital by sector, Wednesday 2 July 2025
SectorCapitalShareRounds
Climate & Energy$292M45%3
Enterprise software$138M21%2
AI$121M19%10
Fintech$85.5M13%3
Health$7.1M1%2
Other$3.1M<1%2
Robotics & Hardware$2.3M<1%1

Where the rounds were

United States raised $230M, 35% of the capital. Rounds in 13 countries.

Capital by country, Wednesday 2 July 2025United States: $230M; Switzerland: $162M; Germany: $137M; Israel: $34M; Netherlands: $30.4M; United Kingdom: $12M; Japan: $11.6M; Vietnam: $10M; Spain: $7.1M; Estonia: $6M; India: $5.6M; France: $2.7M United States $230M · 5 rounds Switzerland $162M · 1 round Germany $137M · 2 rounds Israel $34M · 1 round Netherlands $30.4M · 3 rounds United Kingdom $12M · 1 round Japan $11.6M · 2 rounds Vietnam $10M · 1 round

Most active investors

CRV joined 2 rounds, more than any other investor.

Most active investors, Wednesday 2 July 2025CRV: 2 rounds, 0 led; Y Combinator: 2 rounds, 0 led; BigPoint Holding: 1 rounds, 1 led; Silversmith Capital Partners: 1 rounds, 1 led; Breakthrough Energy Ventures: 1 rounds, 1 led; Industry Ventures: 1 rounds, 1 led; Index Ventures: 1 rounds, 1 led; Klima (Alantra Energy Transition Fund): 1 rounds, 1 led; Radical Ventures: 1 rounds, 1 led; Discerning Capital: 1 rounds, 1 ledLedJoined CRV 2 rounds Y Combinator 2 rounds BigPoint Holding 1 round · 1 led Silversmith Capital Partners 1 round · 1 led Breakthrough Energy Ventures 1 round · 1 led Industry Ventures 1 round · 1 led Index Ventures 1 round · 1 led Klima (Alantra Energy Transit… 1 round · 1 led Radical Ventures 1 round · 1 led Discerning Capital 1 round · 1 led

Rounds by stage

Seed was the most common stage: 9 rounds, median $3.8M. The median round size is under each column.

Rounds by stage, Wednesday 2 July 2025 2 Pre $1.7M 9 Seed $3.8M 2 A $8M 2 B $98M 1 C $27M 2 Growth $74M 5 Other $3.5M
Rounds by stage, Wednesday 2 July 2025
StageRoundsMedian round
Pre-Seed2$1.7M
Seed9$3.8M
Series A2$8M
Series B2$98M
Series C1$27M
Growth2$73.5M
Other or undisclosed5$3.5M

The cities that raised

Zurich raised $162M, more than all of Asia ($61.2M). Rounds from 11 cities.

Capital by city, Wednesday 2 July 2025Zurich: $162M; Berlin: $135M; New York: $75.8M; Tel Aviv: $34M; Amsterdam: $28.4M; London: $12M; Madrid: $7.1M; Tallinn: $6M; Bengaluru: $5.6M; Munich: $2M; Lyon: $1.5M Zurich $162M · 1 round Berlin $135M · 1 round New York $75.8M · 2 rounds Tel Aviv $34M · 1 round Amsterdam $28.4M · 2 rounds London $12M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Tue 1 Jul, $5.5B.

Capital raised per day, Wednesday 2 July 2025 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; Tue 24 Jun: $1.2B, 41 rounds; Wed 25 Jun: $793M, 25 rounds; Thu 26 Jun: $339M, 22 rounds; Fri 27 Jun: $93.7M, 10 rounds; Sat 28 Jun: $0K, 0 rounds; Sun 29 Jun: $0K, 0 rounds; Mon 30 Jun: $863M, 24 rounds; Tue 1 Jul: $5.5B, 29 rounds; Wed 2 Jul: $650M, 23 rounds $2B$4B$6B 19 20 21 22 23 24 25 26 27 28 29 30 1 2 $5.5B$650M
Capital raised per day, Wednesday 2 July 2025
DayRoundsCapitalBiggest round
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
Tue 24 Jun41$1.2BAbridge, $300M
Wed 25 Jun25$793MKalshi, $185M
Thu 26 Jun22$339MUniUni, $70M
Fri 27 Jun10$93.7MGensmo, $60M
Sat 28 Jun0$0K
Sun 29 Jun0$0K
Mon 30 Jun24$863MCato Networks, $359M
Tue 1 Jul29$5.5BxAI, $5B
Wed 2 Jul23$650MClimeworks, $162M
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