Daily edition

Thursday 3 July 2025

20 rounds and $258M raised. The biggest: HIVED, $42M.

Rounds
20 -9%
Capital raised
$258M -24%
Median round
$5.5M -34%

vs Thu 26 Jun

The day in charts

AI took 37% of the capital on this day, up from 19% on Thu 26 Jun. $258M in all, down 24% on Thu 26 Jun.

The 5 biggest rounds

The 5 biggest rounds raised $168M, 65% of the total.

The 5 biggest rounds, Thursday 3 July 2025HIVED: $42M; BrainEver: $38.9M; Impossible Cloud Network: $33.9M; KHIMOD: $27.1M; Qedma: $26M HIVED $42M · Series B BrainEver $38.9M · Series B Impossible Cloud Network $33.9M · Strategic KHIMOD $27.1M · Venture Qedma $26M · Series A

Where the capital went

AI raised $94.4M, 37% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 3 July 2025 37% AI AI $94.4M 6 rounds 37% Climate & Energy $53.9M 4 rounds 21% Enterprise software $46M 2 rounds 18% Web3 $33.9M 1 round 13% Health $13M 2 rounds 5% Other sectors $16.6M 5 rounds 6%
Capital by sector, Thursday 3 July 2025
SectorCapitalShareRounds
AI$94.4M37%6
Climate & Energy$53.9M21%4
Enterprise software$46M18%2
Web3$33.9M13%1
Health$13M5%2
Robotics & Hardware$8.2M3%2
Cybersecurity$5.3M2%2
Other$3.2M1%1

Where the rounds were

France raised $79.5M, 31% of the capital. Rounds in 10 countries.

Capital by country, Thursday 3 July 2025France: $79.5M; United Kingdom: $55.7M; Switzerland: $37.9M; Germany: $27.9M; Israel: $26M; India: $11.7M; Ukraine: $9M; Netherlands: $4.9M; Belgium: $4.1M; Austria: $1.2M France $79.5M · 5 rounds United Kingdom $55.7M · 2 rounds Switzerland $37.9M · 2 rounds Germany $27.9M · 3 rounds Israel $26M · 1 round India $11.7M · 3 rounds Ukraine $9M · 1 round Netherlands $4.9M · 1 round

Most active investors

b2venture joined 2 rounds, leading 1, more than any other investor.

Most active investors, Thursday 3 July 2025b2venture: 2 rounds, 1 led; NordicNinja: 1 rounds, 1 led; Critical Path Ventures: 1 rounds, 1 led; NGP Capital: 1 rounds, 1 led; Bpifrance: 1 rounds, 1 led; Glilot Capital Partners: 1 rounds, 1 led; Ravensburger Next Ventures: 1 rounds, 1 led; Energy Impact Partners: 1 rounds, 1 led; u.ventures: 1 rounds, 1 led; Pale Blue Dot: 1 rounds, 1 ledLedJoined b2venture 2 rounds · 1 led NordicNinja 1 round · 1 led Critical Path Ventures 1 round · 1 led NGP Capital 1 round · 1 led Bpifrance 1 round · 1 led Glilot Capital Partners 1 round · 1 led Ravensburger Next Ventures 1 round · 1 led Energy Impact Partners 1 round · 1 led u.ventures 1 round · 1 led Pale Blue Dot 1 round · 1 led

Rounds by stage

Seed was the most common stage: 8 rounds, median $4M. The median round size is under each column.

Rounds by stage, Thursday 3 July 2025 8 Seed $4M 3 A $14M 3 B $39M 6 Other $4.5M
Rounds by stage, Thursday 3 July 2025
StageRoundsMedian round
Seed8$4M
Series A3$13.7M
Series B3$38.9M
Other or undisclosed6$4.5M

The cities that raised

Paris raised $47.1M, more than all of Asia ($37.6M). Rounds from 12 cities.

Capital by city, Thursday 3 July 2025Paris: $47.1M; London: $42M; Zug: $33.9M; Tel Aviv: $26M; Munich: $20M; Leeds: $13.7M; Berlin: $6.1M; Bengaluru: $4.2M; Ghent: $4.1M; Mumbai: $4M; Zurich: $4M; Gurugram: $3.5M Paris $47.1M · 2 rounds London $42M · 1 round Zug $33.9M · 1 round Tel Aviv $26M · 1 round Munich $20M · 1 round Leeds $13.7M · 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, Thursday 3 July 2025 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; Thu 3 Jul: $258M, 20 rounds $2B$4B$6B 20 21 22 23 24 25 26 27 28 29 30 1 2 3 $5.5B$258M
Capital raised per day, Thursday 3 July 2025
DayRoundsCapitalBiggest round
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
Thu 3 Jul20$258MHIVED, $42M
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