Daily edition

Thursday 10 July 2025

34 rounds and $2.1B raised. The biggest: iCapital, $820M.

Rounds
34 +70%
Capital raised
$2.1B ×8.1
Median round
$11.3M +103%

vs Thu 3 Jul

The day in charts

Fintech took 51% of the capital on this day, after none on Thu 3 Jul. iCapital alone raised $820M, 39% of it.

The 5 biggest rounds

The 5 biggest rounds raised $1.6B, 76% of the total.

The 5 biggest rounds, Thursday 10 July 2025iCapital: $820M; Bilt Rewards: $250M; Airalo: $220M; Varda Space Industries: $187M; Harmonic: $100M iCapital $820M · Growth Bilt Rewards $250M · Growth Airalo $220M · Series C Varda Space Industries $187M · Series C Harmonic $100M · Series B

Mega-rounds against the rest

5 of 34 rounds made 76% of the capital.

15% of the rounds were of $100M or more 15%of the rounds5 of 3476% of the capital came from rounds of $100M or more 76%of the capital$1.6B of $2.1B
Rounds of $100M or more, Thursday 10 July 2025
RoundsCapital
$100M or more5$1.6B
The rest29$504M

Where the capital went

Fintech raised $1.1B, 51% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 10 July 2025 51% Fintech Fintech $1.1B 2 rounds 51% Health $378M 6 rounds 18% Consumer $220M 1 round 11% AI $182M 11 rounds 9% Enterprise software $81.1M 4 rounds 4% Other sectors $150M 10 rounds 7%
Capital by sector, Thursday 10 July 2025
SectorCapitalShareRounds
Fintech$1.1B51%2
Health$378M18%6
Consumer$220M11%1
AI$182M9%11
Enterprise software$81.1M4%4
Climate & Energy$55.1M3%4
Web3$50M2%1
Other$22.6M1%3
Robotics & Hardware$22.3M1%2

Where the rounds were

United States raised $1.7B, 80% of the capital. Rounds in 15 countries.

Capital by country, Thursday 10 July 2025United States: $1.7B; Singapore: $220M; Switzerland: $99.2M; Israel: $20M; Netherlands: $17.6M; Japan: $15.7M; Brazil: $13.5M; France: $13M; Austria: $6.6M; Mexico: $6M; Italy: $4.3M; Germany: $3.5M United States $1.7B · 17 rounds Singapore $220M · 1 round Switzerland $99.2M · 1 round Israel $20M · 1 round Netherlands $17.6M · 1 round Japan $15.7M · 1 round Brazil $13.5M · 1 round France $13M · 3 rounds

Most active investors

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

Most active investors, Thursday 10 July 2025Paradigm: 2 rounds, 1 led; Y Combinator: 2 rounds, 0 led; T. Rowe Price Associates: 1 rounds, 1 led; General Catalyst: 1 rounds, 1 led; CVC Capital Partners: 1 rounds, 1 led; Natural Capital: 1 rounds, 1 led; Kleiner Perkins: 1 rounds, 1 led; Kurma Growth Opportunities Fund: 1 rounds, 1 led; 5AM Ventures: 1 rounds, 1 led; Five Elms Capital: 1 rounds, 1 ledLedJoined Paradigm 2 rounds · 1 led Y Combinator 2 rounds T. Rowe Price Associates 1 round · 1 led General Catalyst 1 round · 1 led CVC Capital Partners 1 round · 1 led Natural Capital 1 round · 1 led Kleiner Perkins 1 round · 1 led Kurma Growth Opportunities Fu… 1 round · 1 led 5AM Ventures 1 round · 1 led Five Elms Capital 1 round · 1 led

Rounds by stage

Seed was the most common stage: 16 rounds, median $3.6M. The median round size is under each column.

Rounds by stage, Thursday 10 July 2025 16 Seed $3.6M 7 A $18M 4 B $65M 3 C $187M 3 Growth $250M 1 Other $14M
Rounds by stage, Thursday 10 July 2025
StageRoundsMedian round
Seed16$3.6M
Series A7$17.6M
Series B4$65.1M
Series C3$187M
Growth3$250M
Other or undisclosed1$13.5M

The cities that raised

New York raised $1.2B, more than all of Asia ($258M). Rounds from 15 cities.

Capital by city, Thursday 10 July 2025New York: $1.2B; Singapore: $220M; El Segundo: $187M; Palo Alto: $100M; Basel: $99.2M; Berkeley: $54.5M; Hayward: $31M; Tel Aviv: $20M; Tokyo: $15.7M; São Paulo: $13.5M; Paris: $10.7M; Vienna: $6.6M New York $1.2B · 6 rounds Singapore $220M · 1 round El Segundo $187M · 1 round Palo Alto $100M · 1 round Basel $99.2M · 1 round Berkeley $54.5M · 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 10 July 2025 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; Fri 4 Jul: $69.9M, 6 rounds; Sat 5 Jul: $0K, 0 rounds; Sun 6 Jul: $0K, 0 rounds; Mon 7 Jul: $420M, 17 rounds; Tue 8 Jul: $526M, 26 rounds; Wed 9 Jul: $645M, 34 rounds; Thu 10 Jul: $2.1B, 34 rounds $2B$4B$6B 27 28 29 30 1 2 3 4 5 6 7 8 9 10 $5.5B$2.1B
Capital raised per day, Thursday 10 July 2025
DayRoundsCapitalBiggest round
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
Fri 4 Jul6$69.9MSkyDrive, $57.5M
Sat 5 Jul0$0K
Sun 6 Jul0$0K
Mon 7 Jul17$420Mwefox, $89.1M
Tue 8 Jul26$526MNinja, $254M
Wed 9 Jul34$645MMaintainX, $150M
Thu 10 Jul34$2.1BiCapital, $820M
Newsletter Startup rounds, in your inbox.

Free. Unsubscribe anytime.

All rounds

More editions