Daily edition

Monday 28 July 2025

14 rounds and $635M raised. The biggest: MapLight Therapeutics, $373M.

Rounds
14 -22%
Capital raised
$635M +38%
Median round
$11.8M +91%

vs Mon 21 Jul

The day in charts

Health took 59% of the capital on this day, up from 4% on Mon 21 Jul. MapLight Therapeutics alone raised $373M, 59% of it.

The 5 biggest rounds

The 5 biggest rounds raised $551M, 87% of the total.

The 5 biggest rounds, Monday 28 July 2025MapLight Therapeutics: $373M; Positron AI: $51.6M; BlinkOps: $50M; Cover Whale: $40M; Dropzone AI: $37M MapLight Therapeutics $373M · Series D Positron AI $51.6M · Series A BlinkOps $50M · Series B Cover Whale $40M · Growth Dropzone AI $37M · Series B

Mega-rounds against the rest

One round, MapLight Therapeutics at $373M, made 59% of the capital.

7% of the rounds were of $100M or more 7%of the rounds1 of 1459% of the capital came from rounds of $100M or more 59%of the capital$373M of $635M
Rounds of $100M or more, Monday 28 July 2025
RoundsCapital
$100M or more1$373M
The rest13$263M

Where the capital went

Health raised $373M, 59% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 28 July 2025 59% Health Health $373M 1 round 59% AI $193M 9 rounds 30% Fintech $50M 2 rounds 8% Cybersecurity $19.5M 2 rounds 3%
Capital by sector, Monday 28 July 2025
SectorCapitalShareRounds
Health$373M59%1
AI$193M30%9
Fintech$50M8%2
Cybersecurity$19.5M3%2

Where the rounds were

United States raised $556M, 87% of the capital. Rounds in 6 countries.

Capital by country, Monday 28 July 2025United States: $556M; Israel: $57M; Sweden: $10M; Germany: $8.7M; India: $2.7M; Saudi Arabia: $1M United States $556M · 8 rounds Israel $57M · 2 rounds Sweden $10M · 1 round Germany $8.7M · 1 round India $2.7M · 1 round Saudi Arabia $1M · 1 round

Most active investors

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

Most active investors, Monday 28 July 2025Hetz Ventures: 2 rounds, 1 led; Forbion: 1 rounds, 1 led; Valor Equity Partners: 1 rounds, 1 led; O.G. Venture Partners: 1 rounds, 1 led; Morgan Stanley Expansion Capital: 1 rounds, 1 led; Theory Ventures: 1 rounds, 1 led; Insight Partners: 1 rounds, 1 led; Ballistic Ventures: 1 rounds, 1 led; 1848 Ventures: 1 rounds, 1 led; Altos Ventures: 1 rounds, 1 ledLedJoined Hetz Ventures 2 rounds · 1 led Forbion 1 round · 1 led Valor Equity Partners 1 round · 1 led O.G. Venture Partners 1 round · 1 led Morgan Stanley Expansion Capi… 1 round · 1 led Theory Ventures 1 round · 1 led Insight Partners 1 round · 1 led Ballistic Ventures 1 round · 1 led 1848 Ventures 1 round · 1 led Altos Ventures 1 round · 1 led

Rounds by stage

Seed was the most common stage: 5 rounds, median $8.7M. The median round size is under each column.

Rounds by stage, Monday 28 July 2025 1 Pre $1M 5 Seed $8.7M 3 A $21M 2 B $44M 1 D $373M 1 Growth $40M 1 Other $10M
Rounds by stage, Monday 28 July 2025
StageRoundsMedian round
Pre-Seed1$1M
Seed5$8.7M
Series A3$21M
Series B2$43.5M
Series D1$373M
Growth1$40M
Other or undisclosed1$10M

The cities that raised

Redwood City raised $373M, more than all of Asia ($60.7M). Rounds from 9 cities.

Capital by city, Monday 28 July 2025Redwood City: $373M; Tel Aviv: $57M; New York: $40M; Seattle: $37M; San Francisco: $31M; Stockholm: $10M; Munich: $8.7M; Bengaluru: $2.7M; Riyadh: $1M Redwood City $373M · 1 round Tel Aviv $57M · 2 rounds New York $40M · 1 round Seattle $37M · 1 round San Francisco $31M · 2 rounds Stockholm $10M · 1 round

The last two weeks

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

Capital raised per day, Monday 28 July 2025 Tue 15 Jul: $2.6B, 36 rounds; Wed 16 Jul: $671M, 29 rounds; Thu 17 Jul: $924M, 31 rounds; Fri 18 Jul: $137M, 10 rounds; Sat 19 Jul: $0K, 0 rounds; Sun 20 Jul: $0K, 0 rounds; Mon 21 Jul: $460M, 18 rounds; Tue 22 Jul: $734M, 35 rounds; Wed 23 Jul: $652M, 21 rounds; Thu 24 Jul: $468M, 20 rounds; Fri 25 Jul: $42.3M, 7 rounds; Sat 26 Jul: $0K, 0 rounds; Sun 27 Jul: $0K, 0 rounds; Mon 28 Jul: $635M, 14 rounds $1B$2B$3B 15 16 17 18 19 20 21 22 23 24 25 26 27 28 $2.6B$635M
Capital raised per day, Monday 28 July 2025
DayRoundsCapitalBiggest round
Tue 15 Jul36$2.6BThinking Machines Lab, $2B
Wed 16 Jul29$671MGRIDSERVE, $134M
Thu 17 Jul31$924MHadrian, $260M
Fri 18 Jul10$137MRadical AI, $55M
Sat 19 Jul0$0K
Sun 20 Jul0$0K
Mon 21 Jul18$460MXelix, $160M
Tue 22 Jul35$734MReka AI, $110M
Wed 23 Jul21$652MDispatch Bio, $216M
Thu 24 Jul20$468MArmada, $131M
Fri 25 Jul7$42.3MMagREEsource, $27M
Sat 26 Jul0$0K
Sun 27 Jul0$0K
Mon 28 Jul14$635MMapLight Therapeutics, $373M
Newsletter Startup rounds, in your inbox.

Free. Unsubscribe anytime.

All rounds

More editions