Daily edition
Wednesday 23 July 2025
21 rounds and $652M raised. The biggest: Dispatch Bio, $216M.
- Rounds
- 21 -28%
- Capital raised
- $652M -3%
- Median round
- $6.5M -35%
vs Wed 16 Jul
The day in charts
AI took 52% of the capital on this day, up from 32% on Wed 16 Jul. Dispatch Bio alone raised $216M, 33% of it.
The 5 biggest rounds
The 5 biggest rounds raised $564M, 87% of the total.
Mega-rounds against the rest
3 of 21 rounds made 73% of the capital.
| Rounds | Capital | |
|---|---|---|
| $100M or more | 3 | $476M |
| The rest | 18 | $176M |
Where the capital went
AI raised $337M, 52% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $337M | 52% | 12 |
| Health | $227M | 35% | 2 |
| Robotics & Hardware | $51M | 8% | 2 |
| Other | $11.5M | 2% | 2 |
| Climate & Energy | $11M | 2% | 1 |
| Enterprise software | $7.3M | 1% | 1 |
| Web3 | $6.5M | <1% | 1 |
Where the rounds were
United States raised $502M, 77% of the capital. Rounds in 7 countries.
Most active investors
Recall Capital joined 2 rounds, more than any other investor.
Rounds by stage
Seed was the most common stage: 9 rounds, median $5.5M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 3 | $2.5M |
| Seed | 9 | $5.5M |
| Series A | 4 | $8.8M |
| Series B | 1 | $38M |
| Series D | 1 | $150M |
| Series E+ | 1 | $50M |
| Growth | 1 | $110M |
| Other or undisclosed | 1 | $9.4M |
The cities that raised
San Francisco raised $223M, more than all of Asia ($127M). Rounds from 13 cities.
The last two weeks
This day against the 13 days before it. The biggest: Tue 15 Jul, $2.6B.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| 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 |
| Wed 23 Jul | 21 | $652M | Dispatch Bio, $216M |
All rounds
- Dispatch BioDevelops universal CAR T immunotherapy for solid tumorsLed by ARCH Venture Partners, with Parker Institute for Cancer Immunotherapy, Bristol Myers Squibb +1 $216MSeries A · United States
- VantaAI-driven trust and compliance management platformLed by Wellington Management, with Goldman Sachs Alternatives, Sequoia Capital +2 $150MSeries D · United States
- AidocClinical AI platform that helps hospitals triage and diagnose from medical imagesLed by General Catalyst, with Square Peg, NVentures +4 $110MGrowth · Israel
- Swift NavigationCloud GNSS correction service giving centimeter-level accuracy for vehicles and robotsLed by Crosslink Capital, with NEA, Eclipse Ventures +3 $50MSeries E · United States
- aprilEmbedded AI tax filing and planning platform inside financial appsLed by QED Investors, with Nyca Partners, Team8 $38MSeries B · United States
- Dash BioAutomated robotic lab for faster GLP-compliant drug development testingLed by The Aligned Fund, with Freestyle Capital, Cybernetix Ventures +3 $11MSeries A · United States
- Estes EnergyElectric powertrains to replace diesel engines in heavy vehiclesLed by BMW i Ventures, with Fortescue, New System Ventures +1 $11MSeed · United States
- Kluisz.aiGenAI platform to deploy and manage AI workloads across hybrid and edge cloudsLed by RTP Global, with Unicorn India Ventures, Blume Founders Fund +1 $9.6MSeed · India
- VIVLAFractional co-ownership of managed second homes across EuropeLed by Samaipata, with Bonsai Partners, FJ Labs +5 $9.4MSpain
- VauditReal-time audit platform that checks digital ad billing and deliveryLed by Mucker Capital, with AVV, AppWorks +2 $7.3MSeed · United States
- FreenameDomain name registrar unifying Web2 and Web3 domains and digital identitiesLed by Entree Capital, with Polymorphic Capital, Golden Record Ventures +2 $6.5MSeries A · Switzerland
- Relativity NetworksDevelops hollow-core optical fiber for faster, longer AI data center linksLed by Prysmian, with GOVO Venture Partners, Prospective Advisors +1 $6.1MSeed · United States
- VolcaAI referral platform that runs referral campaigns for home services businessesLed by Pathlight Ventures, with MetaProp, GTMfund +1 $5.5MSeed · United States
- OltoAI demo engineer that builds personalized live product demos for B2B salesLed by Nexus Venture Partners, with The General Partnership, Afore Capital +3 $5.1MPre-Seed · United States
- iTuring.AIZero-code AI/ML platform for banks, financial services and insurersLed by Dallas Venture Capital, with Mela Ventures $5MSeries A · India
- DroidrunOpen-source framework letting AI agents control Android and iOS devicesLed by Merantix Capital, with SixtyDegree Capital, Peter Sarlin +3 $2.5MPre-Seed · Germany
- NébodaIndoor vertical farm growing leafy greens and herbs with hydroponics and automationLed by Clave Capital, with Unirisco, Xesgalicia +2 $2.2MSeed · Spain
- StarseerAI exposure management platform that makes enterprise AI models transparent and secureLed by Gula Tech Adventures $2MSeed · United States
- Supplied AIAI infrastructure for seller onboarding, KYC and tax reporting on digital platformsLed by Rethink Ventures, with Volve Capital, Volta Ventures +2 $1.9MSeed · Netherlands
- Grexa AIAgentic AI that runs digital marketing for small businessesLed by Utsav Somani, with DeVC, Bharat Founders Fund +1 $1.8MSeed · India
- Inbound AerospaceBuilds autonomous re-entry spacecraft to return payloads from orbitLed by Speciale Invest, with Piper Serica $1MPre-Seed · India
No round matches these filters.