Daily edition

Thursday 14 August 2025

19 rounds and $792M raised. The biggest: Cohere, $500M.

Rounds
19 -14%
Capital raised
$792M flat
Median round
$8.4M -42%

vs Thu 7 Aug

The day in charts

AI took 81% of the capital on this day, up from 30% on Thu 7 Aug. Cohere alone raised $500M, 63% of it.

The 5 biggest rounds

The 5 biggest rounds raised $681M, 86% of the total.

The 5 biggest rounds, Thursday 14 August 2025Cohere: $500M; Hubber: $81.5M; XOPS: $40M; Citizen Health: $30M; Parallel Web Systems: $30M Cohere $500M Hubber $81.5M XOPS $40M · Seed Citizen Health $30M · Series A Parallel Web Systems $30M

Mega-rounds against the rest

One round, Cohere at $500M, made 63% of the capital.

5% of the rounds were of $100M or more 5%of the rounds1 of 1963% of the capital came from rounds of $100M or more 63%of the capital$500M of $792M
Rounds of $100M or more, Thursday 14 August 2025
RoundsCapital
$100M or more1$500M
The rest18$292M

Where the capital went

AI raised $638M, 81% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 14 August 2025 81% AI AI $638M 12 rounds 81% Climate & Energy $81.5M 1 round 10% Enterprise software $48.3M 3 rounds 6% Fintech $13.5M 2 rounds 2% Health $10.5M 1 round 1%
Capital by sector, Thursday 14 August 2025
SectorCapitalShareRounds
AI$638M81%12
Climate & Energy$81.5M10%1
Enterprise software$48.3M6%3
Fintech$13.5M2%2
Health$10.5M1%1

Where the rounds were

Canada raised $500M, 63% of the capital. Rounds in 7 countries, 1 with no country disclosed.

Capital by country, Thursday 14 August 2025Canada: $500M; United States: $185M; United Kingdom: $92.8M; United Arab Emirates: $3.1M; Estonia: $1.2M; Colombia: $1M; Ukraine: $292K Canada $500M · 1 round United States $185M · 10 rounds United Kingdom $92.8M · 3 rounds United Arab Emirates $3.1M · 1 round Estonia $1.2M · 1 round Colombia $1M · 1 round Ukraine $292K · 1 round

Most active investors

First Round Capital joined 2 rounds, leading 1, more than any other investor.

Most active investors, Thursday 14 August 2025First Round Capital: 2 rounds, 1 led; Industry Ventures: 2 rounds, 0 led; Radical Ventures: 1 rounds, 1 led; James Bayliss: 1 rounds, 1 led; Activant Capital: 1 rounds, 1 led; 8VC: 1 rounds, 1 led; Khosla Ventures: 1 rounds, 1 led; Northzone: 1 rounds, 1 led; Andreessen Horowitz: 1 rounds, 1 led; Flare Capital Partners: 1 rounds, 1 ledLedJoined First Round Capital 2 rounds · 1 led Industry Ventures 2 rounds Radical Ventures 1 round · 1 led James Bayliss 1 round · 1 led Activant Capital 1 round · 1 led 8VC 1 round · 1 led Khosla Ventures 1 round · 1 led Northzone 1 round · 1 led Andreessen Horowitz 1 round · 1 led Flare Capital Partners 1 round · 1 led

Rounds by stage

Pre-Seed was the most common stage: 5 rounds, median $1.2M. The median round size is under each column.

Rounds by stage, Thursday 14 August 2025 5 Pre $1.2M 3 Seed $5M 5 A $13M 1 B $27M 5 Other $30M
Rounds by stage, Thursday 14 August 2025
StageRoundsMedian round
Pre-Seed5$1.2M
Seed3$5M
Series A5$12.5M
Series B1$27M
Other or undisclosed5$30M

The cities that raised

Toronto raised $500M, more than all of Europe ($94.2M). Rounds from 7 cities.

Capital by city, Thursday 14 August 2025Toronto: $500M; San Francisco: $88M; London: $84.8M; New York: $32M; Palo Alto: $30M; Abu Dhabi: $3.1M; Kyiv: $292K Toronto $500M · 1 round San Francisco $88M · 4 rounds London $84.8M · 2 rounds New York $32M · 2 rounds Palo Alto $30M · 1 round Abu Dhabi $3.1M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Thu 7 Aug, $795M.

Capital raised per day, Thursday 14 August 2025 Fri 1 Aug: $63.8M, 6 rounds; Sat 2 Aug: $0K, 0 rounds; Sun 3 Aug: $1.2M, 1 round; Mon 4 Aug: $246M, 14 rounds; Tue 5 Aug: $774M, 23 rounds; Wed 6 Aug: $421M, 26 rounds; Thu 7 Aug: $795M, 22 rounds; Fri 8 Aug: $29.6M, 6 rounds; Sat 9 Aug: $0K, 0 rounds; Sun 10 Aug: $85M, 2 rounds; Mon 11 Aug: $606M, 19 rounds; Tue 12 Aug: $487M, 37 rounds; Wed 13 Aug: $222M, 18 rounds; Thu 14 Aug: $792M, 19 rounds $500M$1B 1 2 3 4 5 6 7 8 9 10 11 12 13 14 $795M$792M
Capital raised per day, Thursday 14 August 2025
DayRoundsCapitalBiggest round
Fri 1 Aug6$63.8MFundamental Research Labs, $33M
Sat 2 Aug0$0K
Sun 3 Aug1$1.2MDeep.SA, $1.2M
Mon 4 Aug14$246MBlue J, $122M
Tue 5 Aug23$774MFirst Due, $355M
Wed 6 Aug26$421MRillet, $70M
Thu 7 Aug22$795MStrand Therapeutics, $153M
Fri 8 Aug6$29.6MMonato, $13M
Sat 9 Aug0$0K
Sun 10 Aug2$85MTruemeds, $65M
Mon 11 Aug19$606MAira, $174M
Tue 12 Aug37$487M1Kosmos, $47M
Wed 13 Aug18$222MAppcharge, $58M
Thu 14 Aug19$792MCohere, $500M
Newsletter Startup rounds, in your inbox.

Free. Unsubscribe anytime.

All rounds

More editions