Daily edition

Thursday 11 September 2025

21 rounds and $191M raised. The biggest: Diana Health, $55M.

Rounds
21 -52%
Capital raised
$191M -86%
Median round
$3.9M -57%

vs Thu 4 Sept

The day in charts

AI took 46% of the capital on this day, down from 70% on Thu 4 Sept. $191M in all, down 86% on Thu 4 Sept.

The 5 biggest rounds

The 5 biggest rounds raised $127M, 66% of the total.

The 5 biggest rounds, Thursday 11 September 2025Diana Health: $55M; TENEX.AI: $27M; Goodpath: $18M; Born: $15M; GCS (German Cannabis Standard): $11.7M Diana Health $55M · Series C TENEX.AI $27M · Series A Goodpath $18M · Series A Born $15M · Series A G GCS (German Cannabis Standa… $11.7M · Venture

Where the capital went

AI raised $88.7M, 46% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 11 September 2025 46% AI AI $88.7M 10 rounds 46% Health $57M 2 rounds 30% Enterprise software $14.7M 3 rounds 8% Climate & Energy $14.2M 2 rounds 7% Fintech $8.2M 1 round 4% Other sectors $8.5M 3 rounds 4%
Capital by sector, Thursday 11 September 2025
SectorCapitalShareRounds
AI$88.7M46%10
Health$57M30%2
Enterprise software$14.7M8%3
Climate & Energy$14.2M7%2
Fintech$8.2M4%1
Consumer$6.2M3%2
Robotics & Hardware$2.3M1%1

Where the rounds were

United States raised $113M, 59% of the capital. Rounds in 11 countries.

Capital by country, Thursday 11 September 2025United States: $113M; Germany: $32M; India: $10.7M; Finland: $9.3M; Italy: $8.2M; Israel: $7M; United Kingdom: $4.5M; France: $3.9M; Lithuania: $1.5M; Netherlands: $1.2M; Spain: $304K United States $113M · 5 rounds Germany $32M · 4 rounds India $10.7M · 4 rounds Finland $9.3M · 1 round Italy $8.2M · 1 round Israel $7M · 1 round United Kingdom $4.5M · 1 round France $3.9M · 1 round

Rounds by stage

Seed was the most common stage: 7 rounds, median $3.5M. The median round size is under each column.

Rounds by stage, Thursday 11 September 2025 2 Pre $2.2M 7 Seed $3.5M 3 A $18M 1 C $55M 1 Growth $9.3M 7 Other $2.5M
Rounds by stage, Thursday 11 September 2025
StageRoundsMedian round
Pre-Seed2$2.2M
Seed7$3.5M
Series A3$18M
Series C1$55M
Growth1$9.3M
Other or undisclosed7$2.5M

The cities that raised

Berlin raised $29.7M, more than all of Asia ($17.7M). Rounds from 14 cities.

Capital by city, Thursday 11 September 2025Berlin: $29.7M; Boston: $18M; Helsinki: $9.3M; Milan: $8.2M; Tel Aviv: $7M; Bengaluru: $5.2M; London: $4.5M; Paris: $3.9M; New York: $3.5M; Mumbai: $3M; Munich: $2.3M; Vilnius: $1.5M Berlin $29.7M · 3 rounds Boston $18M · 1 round Helsinki $9.3M · 1 round Milan $8.2M · 1 round Tel Aviv $7M · 1 round Bengaluru $5.2M · 2 rounds

The last two weeks

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

Capital raised per day, Thursday 11 September 2025 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; Sat 6 Sept: $453K, 1 round; Sun 7 Sept: $10.4M, 2 rounds; Mon 8 Sept: $1.6B, 21 rounds; Tue 9 Sept: $2.9B, 35 rounds; Wed 10 Sept: $2.2B, 33 rounds; Thu 11 Sept: $191M, 21 rounds $5B$10B$15B 29 30 31 1 2 3 4 5 6 7 8 9 10 11 $13.6B$191M
Capital raised per day, Thursday 11 September 2025
DayRoundsCapitalBiggest round
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
Sat 6 Sept1$453KDectrocel, $453K
Sun 7 Sept2$10.4MIndrajaal, $5.4M
Mon 8 Sept21$1.6BDatabricks, $1B
Tue 9 Sept35$2.9BMistral AI, $2B
Wed 10 Sept33$2.2BPsiQuantum, $1B
Thu 11 Sept21$191MDiana Health, $55M

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