Daily edition

Thursday 17 July 2025

31 rounds and $924M raised. The biggest: Hadrian, $260M.

vs Thu 10 Jul

The day in charts

AI took 37% of the capital on this day, up from 9% on Thu 10 Jul. $924M in all, down 56% on Thu 10 Jul.

The 5 biggest rounds raised $712M, 77% of the total.

3 of 31 rounds made 61% of the capital.

Rounds of $100M or more, Thursday 17 July 2025
	Rounds	Capital
$100M or more	3	$560M
The rest	28	$364M

AI raised $338M, 37% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 17 July 2025
Sector	Capital	Share	Rounds
AI	$338M	37%	9
Robotics & Hardware	$270M	29%	5
Enterprise software	$104M	11%	3
Fintech	$94M	10%	2
Web3	$74.8M	8%	4
Climate & Energy	$26.6M	3%	1
Other	$8.6M	<1%	4
Consumer	$7.5M	<1%	2
Health	$1.2M	<1%	1

United States raised $541M, 59% of the capital. Rounds in 12 countries.

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

Seed was the most common stage: 10 rounds, median $3.8M. The median round size is under each column.

Torrance raised $260M, more than all of Asia ($3.1M). Rounds from 14 cities.

This day against the 13 days before it. The biggest: Tue 15 Jul, $2.6B.

Capital raised per day, Thursday 17 July 2025
Day	Rounds	Capital	Biggest round
Fri 4 Jul	6	$69.9M	SkyDrive, $57.5M
Sat 5 Jul	0	$0K
Sun 6 Jul	0	$0K
Mon 7 Jul	17	$420M	wefox, $89.1M
Tue 8 Jul	26	$526M	Ninja, $254M
Wed 9 Jul	34	$645M	MaintainX, $150M
Thu 10 Jul	34	$2.1B	iCapital, $820M
Fri 11 Jul	10	$139M	Virtru, $50M
Sat 12 Jul	0	$0K
Sun 13 Jul	1	$5M	Kaleidoscope, $5M
Mon 14 Jul	15	$321M	Moonvalley, $84M
Tue 15 Jul	36	$2.6B	Thinking Machines Lab, $2B
Wed 16 Jul	29	$671M	GRIDSERVE, $134M
Thu 17 Jul	31	$924M	Hadrian, $260M