Daily edition

Monday 15 September 2025

25 rounds and $1.1B raised. The biggest: Divergent Technologies, $250M.

Rounds
25 +19%
Capital raised
$1.1B -34%
Median round
$14.1M ×3.9

vs Mon 8 Sept

The day in charts

AI took 61% of the capital on this day, down from 90% on Mon 8 Sept. $1.1B in all, down 34% on Mon 8 Sept.

The 5 biggest rounds

The 5 biggest rounds raised $729M, 69% of the total.

The 5 biggest rounds, Monday 15 September 2025Divergent Technologies: $250M; Lila Sciences: $235M; Dyna Robotics: $120M; Luminary Cloud: $72M; Arch: $52M Divergent Technologies $250M · Series E Lila Sciences $235M · Series A Dyna Robotics $120M · Series A Luminary Cloud $72M · Series B Arch $52M · Series B

Mega-rounds against the rest

3 of 25 rounds made 57% of the capital.

12% of the rounds were of $100M or more 12%of the rounds3 of 2557% of the capital came from rounds of $100M or more 57%of the capital$605M of $1.1B
Rounds of $100M or more, Monday 15 September 2025
RoundsCapital
$100M or more3$605M
The rest22$454M

Where the capital went

AI raised $650M, 61% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 15 September 2025 61% AI AI $650M 14 rounds 61% Robotics & Hardware $282M 2 rounds 27% Fintech $63.8M 2 rounds 6% Health $18.4M 2 rounds 2% Climate & Energy $11.8M 1 round 1% Other sectors $32.9M 4 rounds 3%
Capital by sector, Monday 15 September 2025
SectorCapitalShareRounds
AI$650M61%14
Robotics & Hardware$282M27%2
Fintech$63.8M6%2
Other$23.5M2%1
Health$18.4M2%2
Climate & Energy$11.8M1%1
Enterprise software$6.4M<1%2
Consumer$3M<1%1

Where the rounds were

United States raised $901M, 85% of the capital. Rounds in 11 countries.

Capital by country, Monday 15 September 2025United States: $901M; Luxembourg: $32.4M; France: $30.1M; Israel: $30M; Italy: $24.3M; Germany: $19.2M; Spain: $9.6M; Portugal: $6M; India: $3.1M; United Arab Emirates: $3M; United Kingdom: $367K United States $901M · 10 rounds Luxembourg $32.4M · 1 round France $30.1M · 3 rounds Israel $30M · 1 round Italy $24.3M · 2 rounds Germany $19.2M · 2 rounds Spain $9.6M · 2 rounds Portugal $6M · 1 round

Most active investors

General Catalyst joined 2 rounds, leading 1, more than any other investor.

Most active investors, Monday 15 September 2025General Catalyst: 2 rounds, 1 led; NVentures: 2 rounds, 0 led; Salesforce Ventures: 2 rounds, 0 led; Craft Ventures: 2 rounds, 0 led; HelloWorld: 2 rounds, 0 led; Rochefort Asset Management: 1 rounds, 1 led; Braidwell: 1 rounds, 1 led; RoboStrategy: 1 rounds, 1 led; N47: 1 rounds, 1 led; Oak HC/FT: 1 rounds, 1 ledLedJoined General Catalyst 2 rounds · 1 led NVentures 2 rounds Salesforce Ventures 2 rounds Craft Ventures 2 rounds HelloWorld 2 rounds Rochefort Asset Management 1 round · 1 led Braidwell 1 round · 1 led RoboStrategy 1 round · 1 led N47 1 round · 1 led Oak HC/FT 1 round · 1 led

Rounds by stage

Series A was the most common stage: 9 rounds, median $30M. The median round size is under each column.

Rounds by stage, Monday 15 September 2025 1 Pre $2.6M 5 Seed $3.1M 9 A $30M 4 B $51M 1 C $24M 1 E+ $250M 4 Other $5.8M
Rounds by stage, Monday 15 September 2025
StageRoundsMedian round
Pre-Seed1$2.6M
Seed5$3.1M
Series A9$30M
Series B4$50.8M
Series C1$23.5M
Series E+1$250M
Other or undisclosed4$5.8M

The cities that raised

Torrance raised $250M, more than all of Europe ($122M). Rounds from 14 cities.

Capital by city, Monday 15 September 2025Torrance: $250M; Cambridge: $235M; Redwood City: $120M; New York: $106M; Los Angeles: $48M; Luxembourg: $32.4M; Tel Aviv: $30M; Paris: $16M; Munich: $11.8M; Valencia: $7.1M; Lisbon: $6M; Bengaluru: $3.1M Torrance $250M · 1 round Cambridge $235M · 1 round Redwood City $120M · 1 round New York $106M · 3 rounds Los Angeles $48M · 1 round Luxembourg $32.4M · 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, Monday 15 September 2025 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; Fri 12 Sept: $232M, 7 rounds; Sat 13 Sept: $0K, 0 rounds; Sun 14 Sept: $0K, 0 rounds; Mon 15 Sept: $1.1B, 25 rounds $5B$10B$15B 2 3 4 5 6 7 8 9 10 11 12 13 14 15 $13.6B$1.1B
Capital raised per day, Monday 15 September 2025
DayRoundsCapitalBiggest round
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
Fri 12 Sept7$232MApex, $200M
Sat 13 Sept0$0K
Sun 14 Sept0$0K
Mon 15 Sept25$1.1BDivergent Technologies, $250M
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