Daily edition

Tuesday 22 July 2025

35 rounds and $734M raised. The biggest: Reka AI, $110M.

vs Tue 15 Jul

The day in charts

AI took 46% of the capital on this day, down from 92% on Tue 15 Jul. $734M in all, down 72% on Tue 15 Jul.

The 5 biggest rounds raised $370M, 50% of the total.

2 of 35 rounds made 29% of the capital.

Rounds of $100M or more, Tuesday 22 July 2025
	Rounds	Capital
$100M or more	2	$210M
The rest	33	$524M

AI raised $336M, 46% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Tuesday 22 July 2025
Sector	Capital	Share	Rounds
AI	$336M	46%	15
Health	$154M	21%	6
Enterprise software	$78.4M	11%	3
Cybersecurity	$59M	8%	2
Robotics & Hardware	$40M	5%	1
Consumer	$21.7M	3%	3
Web3	$15M	2%	1
Other	$13.2M	2%	2
Climate & Energy	$9.3M	1%	1
Fintech	$7.5M	1%	1

United States raised $532M, 72% of the capital. Rounds in 14 countries.

Insight Partners joined 2 rounds, leading 2, more than any other investor.

Seed was the most common stage: 8 rounds, median $6.3M. The median round size is under each column.

San Francisco raised $168M, more than all of Asia ($22.1M). Rounds from 17 cities.

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

Capital raised per day, Tuesday 22 July 2025
Day	Rounds	Capital	Biggest round
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
Fri 18 Jul	10	$137M	Radical AI, $55M
Sat 19 Jul	0	$0K
Sun 20 Jul	0	$0K
Mon 21 Jul	18	$460M	Xelix, $160M
Tue 22 Jul	35	$734M	Reka AI, $110M