Daily edition

Wednesday 17 September 2025

37 rounds and $1.5B raised. The biggest: Groq, $750M.

Rounds
37 +12%
Capital raised
$1.5B -33%
Median round
$9.5M +16%

vs Wed 10 Sept

The day in charts

AI took 83% of the capital on this day, up from 25% on Wed 10 Sept. Groq alone raised $750M, 51% of it.

The 5 biggest rounds

The 5 biggest rounds raised $1.1B, 72% of the total.

The 5 biggest rounds, Wednesday 17 September 2025Groq: $750M; Upscale AI: $100M; Irregular: $80M; Splash Financial: $70M; Imagine Pediatrics: $67M Groq $750M Upscale AI $100M · Seed Irregular $80M Splash Financial $70M · Series C I Imagine Pediatrics $67M · Series B

Mega-rounds against the rest

2 of 37 rounds made 57% of the capital.

5% of the rounds were of $100M or more 5%of the rounds2 of 3757% of the capital came from rounds of $100M or more 57%of the capital$850M of $1.5B
Rounds of $100M or more, Wednesday 17 September 2025
RoundsCapital
$100M or more2$850M
The rest35$632M

Where the capital went

AI raised $1.2B, 83% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 17 September 2025 83% AI AI $1.2B 17 rounds 83% Health $72.3M 3 rounds 5% Climate & Energy $19.5M 2 rounds 1% Cybersecurity $18.9M 1 round 1% Enterprise software $16M 3 rounds 1% Other sectors $119M 11 rounds 8%
Capital by sector, Wednesday 17 September 2025
SectorCapitalShareRounds
AI$1.2B83%17
Other$87.9M6%4
Health$72.3M5%3
Climate & Energy$19.5M1%2
Cybersecurity$18.9M1%1
Enterprise software$16M1%3
Robotics & Hardware$12.1M<1%2
Consumer$8.6M<1%3
Web3$6.9M<1%1
Fintech$3M<1%1

Where the rounds were

United States raised $1.1B, 74% of the capital. Rounds in 17 countries, 1 with no country disclosed.

Capital by country, Wednesday 17 September 2025United States: $1.1B; United Kingdom: $85M; Israel: $80M; France: $70.4M; Sweden: $53M; Germany: $26M; Brazil: $23.9M; Spain: $9.5M; Czech Republic: $7.8M; India: $6.6M; Norway: $6M; Poland: $4.7M United States $1.1B · 12 rounds United Kingdom $85M · 3 rounds Israel $80M · 1 round France $70.4M · 4 rounds Sweden $53M · 1 round Germany $26M · 2 rounds Brazil $23.9M · 2 rounds Spain $9.5M · 1 round

Rounds by stage

Seed was the most common stage: 17 rounds, median $5.5M. The median round size is under each column.

Rounds by stage, Wednesday 17 September 2025 1 Pre $100K 17 Seed $5.5M 7 A $17M 3 B $50M 1 C $70M 1 Growth $53M 7 Other $6M
Rounds by stage, Wednesday 17 September 2025
StageRoundsMedian round
Pre-Seed1$100K
Seed17$5.5M
Series A7$16.6M
Series B3$50M
Series C1$70M
Growth1$53M
Other or undisclosed7$6M

The cities that raised

Santa Clara raised $100M, more than all of Asia ($86.6M). Rounds from 17 cities.

Capital by city, Wednesday 17 September 2025Santa Clara: $100M; London: $80M; Paris: $63.9M; Stockholm: $53M; Munich: $16.6M; Portland: $15.5M; San Francisco: $10M; Hamburg: $9.5M; Oslo: $6M; Cambridge: $5M; San Diego: $3M; Istanbul: $3M Santa Clara $100M · 1 round London $80M · 2 rounds Paris $63.9M · 2 rounds Stockholm $53M · 1 round Munich $16.6M · 1 round Portland $15.5M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Tue 9 Sept, $2.9B.

Capital raised per day, Wednesday 17 September 2025 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; Tue 16 Sept: $2.1B, 45 rounds; Wed 17 Sept: $1.5B, 37 rounds $1B$2B$3B 4 5 6 7 8 9 10 11 12 13 14 15 16 17 $2.9B$1.5B
Capital raised per day, Wednesday 17 September 2025
DayRoundsCapitalBiggest round
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
Tue 16 Sept45$2.1BFigure, $1B
Wed 17 Sept37$1.5BGroq, $750M

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