Daily edition

Wednesday 24 September 2025

29 rounds and $891M raised. The biggest: Modular, $250M.

vs Wed 17 Sept

The day in charts

AI took 57% of the capital on this day, down from 83% on Wed 17 Sept. $891M in all, down 40% on Wed 17 Sept.

The 5 biggest rounds raised $662M, 74% of the total.

2 of 29 rounds made 47% of the capital.

Rounds of $100M or more, Wednesday 24 September 2025
	Rounds	Capital
$100M or more	2	$415M
The rest	27	$476M

AI raised $507M, 57% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 24 September 2025
Sector	Capital	Share	Rounds
AI	$507M	57%	13
Health	$156M	18%	4
Fintech	$132M	15%	6
Robotics & Hardware	$60M	7%	1
Enterprise software	$23M	3%	1
Cybersecurity	$6M	<1%	1
Consumer	$3M	<1%	1
Other	$2.4M	<1%	1
Climate & Energy	$2.3M	<1%	1

United States raised $448M, 50% of the capital. Rounds in 13 countries.

Y Combinator joined 2 rounds, more than any other investor.

Seed was the most common stage: 10 rounds, median $2.5M. The median round size is under each column.

Palo Alto raised $250M, more than all of Asia ($23.4M). Rounds from 13 cities.

This day against the 13 days before it. The biggest: Tue 16 Sept, $2.1B.

Capital raised per day, Wednesday 24 September 2025
Day	Rounds	Capital	Biggest round
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
Tue 23 Sept	34	$621M	Judi Health, $252M
Wed 24 Sept	29	$891M	Modular, $250M