Daily edition

Friday 5 September 2025

11 rounds and $284M raised. The biggest: Baseten, $150M.

Rounds
11 +57%
Capital raised
$284M ×5.5
Median round
$5.6M -17%

vs Fri 29 Aug

The day in charts

AI took 71% of the capital on this day, up from 35% on Fri 29 Aug. Baseten alone raised $150M, 53% of it.

The 5 biggest rounds

The 5 biggest rounds raised $271M, 96% of the total.

The 5 biggest rounds, Friday 5 September 2025Baseten: $150M; Ronovo Surgical: $67M; ProRata: $40M; Dianosic: $8.2M; Throxy: $6.2M Baseten $150M · Series D Ronovo Surgical $67M · Series D ProRata $40M · Series B Dianosic $8.2M Throxy $6.2M · Seed

Mega-rounds against the rest

One round, Baseten at $150M, made 53% of the capital.

9% of the rounds were of $100M or more 9%of the rounds1 of 1153% of the capital came from rounds of $100M or more 53%of the capital$150M of $284M
Rounds of $100M or more, Friday 5 September 2025
RoundsCapital
$100M or more1$150M
The rest10$134M

Where the capital went

AI raised $201M, 71% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Friday 5 September 2025 71% AI AI $201M 6 rounds 71% Robotics & Hardware $73M 3 rounds 26% Health $8.2M 1 round 3% Climate & Energy $1.8M 1 round <1%
Capital by sector, Friday 5 September 2025
SectorCapitalShareRounds
AI$201M71%6
Robotics & Hardware$73M26%3
Health$8.2M3%1
Climate & Energy$1.8M<1%1

Where the rounds were

United States raised $193M, 68% of the capital. Rounds in 6 countries.

Capital by country, Friday 5 September 2025United States: $193M; China: $67M; France: $8.2M; Netherlands: $7.7M; United Kingdom: $6.9M; Belgium: $1.2M United States $193M · 3 rounds China $67M · 1 round France $8.2M · 1 round Netherlands $7.7M · 3 rounds United Kingdom $6.9M · 2 rounds Belgium $1.2M · 1 round

Rounds by stage

Seed was the most common stage: 4 rounds, median $4.3M. The median round size is under each column.

Rounds by stage, Friday 5 September 2025 2 Pre $936K 4 Seed $4.3M 1 B $40M 2 D $109M 2 Other $4.3M
Rounds by stage, Friday 5 September 2025
StageRoundsMedian round
Pre-Seed2$936K
Seed4$4.3M
Series B1$40M
Series D2$109M
Other or undisclosed2$4.3M

The cities that raised

San Francisco raised $150M, more than all of Asia ($67M). Rounds from 6 cities.

Capital by city, Friday 5 September 2025San Francisco: $150M; Shanghai: $67M; London: $6.9M; Eindhoven: $6M; Park City: $3M; Ghent: $1.2M San Francisco $150M · 1 round Shanghai $67M · 1 round London $6.9M · 2 rounds Eindhoven $6M · 2 rounds Park City $3M · 1 round Ghent $1.2M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Tue 2 Sept, $13.6B.

Capital raised per day, Friday 5 September 2025 Sat 23 Aug: $0K, 0 rounds; Sun 24 Aug: $150K, 1 round; Mon 25 Aug: $336M, 25 rounds; Tue 26 Aug: $344M, 24 rounds; Wed 27 Aug: $185M, 20 rounds; Thu 28 Aug: $1.1B, 13 rounds; Fri 29 Aug: $52M, 7 rounds; Sat 30 Aug: $0K, 0 rounds; Sun 31 Aug: $0K, 0 rounds; Mon 1 Sept: $152M, 11 rounds; Tue 2 Sept: $13.6B, 28 rounds; Wed 3 Sept: $1.1B, 24 rounds; Thu 4 Sept: $1.3B, 44 rounds; Fri 5 Sept: $284M, 11 rounds $5B$10B$15B 23 24 25 26 27 28 29 30 31 1 2 3 4 5 $13.6B$284M
Capital raised per day, Friday 5 September 2025
DayRoundsCapitalBiggest round
Sat 23 Aug0$0K
Sun 24 Aug1$150KZaher AI, $150K
Mon 25 Aug25$336MParagraf, $55M
Tue 26 Aug24$344MAerospacelab, $65.3M
Wed 27 Aug20$185MLeal Therapeutics, $30M
Thu 28 Aug13$1.1BCommonwealth Fusion Systems, $863M
Fri 29 Aug7$52MDeftpower, $14.6M
Sat 30 Aug0$0K
Sun 31 Aug0$0K
Mon 1 Sept11$152MLayerX, $100M
Tue 2 Sept28$13.6BAnthropic, $13B
Wed 3 Sept24$1.1BIQM Quantum Computers, $300M
Thu 4 Sept44$1.3BSierra, $350M
Fri 5 Sept11$284MBaseten, $150M

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