Daily edition

Thursday 25 September 2025

35 rounds and $608M raised. The biggest: WAAT, $117M.

vs Thu 18 Sept

The day in charts

AI took 55% of the capital on this day, about the same as on Thu 18 Sept. $608M in all, up 45% on Thu 18 Sept.

The 5 biggest rounds raised $349M, 58% of the total.

2 of 35 rounds made 36% of the capital.

Rounds of $100M or more, Thursday 25 September 2025
	Rounds	Capital
$100M or more	2	$217M
The rest	33	$390M

AI raised $333M, 55% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 25 September 2025
Sector	Capital	Share	Rounds
AI	$333M	55%	22
Climate & Energy	$133M	22%	3
Health	$81M	13%	3
Robotics & Hardware	$28.4M	5%	3
Other	$16.8M	3%	3
Enterprise software	$15M	2%	1

United States raised $326M, 54% of the capital. Rounds in 11 countries.

Insight Partners joined 2 rounds, leading 1, more than any other investor.

Seed was the most common stage: 11 rounds, median $5M. The median round size is under each column.

New York raised $155M, more than all of Asia ($31.3M). Rounds from 13 cities.

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

Capital raised per day, Thursday 25 September 2025
Day	Rounds	Capital	Biggest round
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
Thu 25 Sept	35	$608M	WAAT, $117M