Daily edition

Thursday 18 September 2025

28 rounds and $419M raised. The biggest: Infra.Market, $83.1M.

vs Thu 11 Sept

The day in charts

AI took 54% of the capital on this day, up from 46% on Thu 11 Sept. $419M in all, up 119% on Thu 11 Sept.

The 5 biggest rounds raised $261M, 62% of the total.

AI raised $227M, 54% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 18 September 2025
Sector	Capital	Share	Rounds
AI	$227M	54%	15
Other	$83.1M	20%	1
Fintech	$45M	11%	5
Climate & Energy	$31.3M	7%	2
Web3	$26.8M	6%	3
Robotics & Hardware	$6.5M	2%	2

United States raised $198M, 47% of the capital. Rounds in 12 countries, 2 with no country disclosed.

Y Combinator joined 3 rounds, leading 1, more than any other investor.

Seed was the most common stage: 10 rounds, median $4.4M. The median round size is under each column.

Thane raised $83.1M, more than all of Europe ($66.4M). Rounds from 11 cities.

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

Capital raised per day, Thursday 18 September 2025
Day	Rounds	Capital	Biggest round
Fri 5 Sept	11	$284M	Baseten, $150M
Sat 6 Sept	1	$453K	Dectrocel, $453K
Sun 7 Sept	2	$10.4M	Indrajaal, $5.4M
Mon 8 Sept	21	$1.6B	Databricks, $1B
Tue 9 Sept	35	$2.9B	Mistral AI, $2B
Wed 10 Sept	33	$2.2B	PsiQuantum, $1B
Thu 11 Sept	21	$191M	Diana Health, $55M
Fri 12 Sept	7	$232M	Apex, $200M
Sat 13 Sept	0	$0K
Sun 14 Sept	0	$0K
Mon 15 Sept	25	$1.1B	Divergent Technologies, $250M
Tue 16 Sept	45	$2.1B	Figure, $1B
Wed 17 Sept	37	$1.5B	Groq, $750M
Thu 18 Sept	28	$419M	Infra.Market, $83.1M