Daily edition

Monday 22 September 2025

30 rounds and $847M raised. The biggest: AppZen, $180M.

vs Mon 15 Sept

The day in charts

AI took 66% of the capital on this day, up from 61% on Mon 15 Sept. $847M in all, down 20% on Mon 15 Sept.

The 5 biggest rounds raised $618M, 73% of the total.

3 of 30 rounds made 58% of the capital.

Rounds of $100M or more, Monday 22 September 2025
	Rounds	Capital
$100M or more	3	$495M
The rest	27	$352M

AI raised $563M, 66% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 22 September 2025
Sector	Capital	Share	Rounds
AI	$563M	66%	16
Health	$123M	14%	3
Fintech	$63.5M	8%	2
Consumer	$38.2M	5%	2
Other	$23M	3%	1
Enterprise software	$19M	2%	3
Climate & Energy	$7.2M	<1%	1
Web3	$5M	<1%	1
Cybersecurity	$5M	<1%	1

United States raised $710M, 84% of the capital. Rounds in 11 countries.

Indian Angel Network joined 2 rounds, more than any other investor.

Seed was the most common stage: 14 rounds, median $5M. The median round size is under each column.

San Francisco raised $185M, more than all of Europe ($91.3M). Rounds from 14 cities.

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

Capital raised per day, Monday 22 September 2025
Day	Rounds	Capital	Biggest round
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
Fri 19 Sept	10	$148M	Nxtfood, $57.5M
Sat 20 Sept	0	$0K
Sun 21 Sept	0	$0K
Mon 22 Sept	30	$847M	AppZen, $180M