Daily edition

Monday 29 September 2025

20 rounds and $438M raised. The biggest: Star Therapeutics, $125M.

Rounds
20 -33%
Capital raised
$438M -48%
Median round
$14.5M +164%

vs Mon 22 Sept

The day in charts

Health took 45% of the capital on this day, up from 14% on Mon 22 Sept. $438M in all, down 48% on Mon 22 Sept.

The 5 biggest rounds

The 5 biggest rounds raised $289M, 66% of the total.

The 5 biggest rounds, Monday 29 September 2025Star Therapeutics: $125M; Modal Labs: $87M; Kapiva: $28M; OXCCU: $27.9M; Paid: $21.6M S Star Therapeutics $125M · Series D Modal Labs $87M · Series B K Kapiva $28M · Series D OXCCU $27.9M · Series B Paid $21.6M · Seed

Mega-rounds against the rest

One round, Star Therapeutics at $125M, made 29% of the capital.

5% of the rounds were of $100M or more 5%of the rounds1 of 2029% of the capital came from rounds of $100M or more 29%of the capital$125M of $438M
Rounds of $100M or more, Monday 29 September 2025
RoundsCapital
$100M or more1$125M
The rest19$313M

Where the capital went

Health raised $197M, 45% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 29 September 2025 45% Health Health $197M 6 rounds 45% AI $139M 6 rounds 32% Enterprise software $40.6M 3 rounds 9% Climate & Energy $27.9M 1 round 6% Consumer $16.5M 2 rounds 4% Other $16.8M 2 rounds 4%
Capital by sector, Monday 29 September 2025
SectorCapitalShareRounds
Health$197M45%6
AI$139M32%6
Enterprise software$40.6M9%3
Climate & Energy$27.9M6%1
Other$16.8M4%2
Consumer$16.5M4%2

Where the rounds were

United States raised $240M, 55% of the capital. Rounds in 7 countries.

Capital by country, Monday 29 September 2025United States: $240M; United Kingdom: $81.5M; India: $56.8M; Netherlands: $24.9M; France: $19.9M; Italy: $14.1M; Lithuania: $410K United States $240M · 4 rounds United Kingdom $81.5M · 5 rounds India $56.8M · 4 rounds Netherlands $24.9M · 3 rounds France $19.9M · 2 rounds Italy $14.1M · 1 round Lithuania $410K · 1 round

Rounds by stage

Series A was the most common stage: 7 rounds, median $15M. The median round size is under each column.

Rounds by stage, Monday 29 September 2025 2 Pre $405K 1 Seed $22M 7 A $15M 2 B $57M 1 C $15M 2 D $77M 5 Other $3.5M
Rounds by stage, Monday 29 September 2025
StageRoundsMedian round
Pre-Seed2$405K
Seed1$21.6M
Series A7$15M
Series B2$57.4M
Series C1$15.4M
Series D2$76.5M
Other or undisclosed5$3.5M

The cities that raised

New York raised $98.4M, more than all of Asia ($56.8M). Rounds from 8 cities.

Capital by city, Monday 29 September 2025New York: $98.4M; London: $49.6M; Oxford: $27.9M; Amsterdam: $23.1M; Ahmedabad: $15.4M; Milan: $14.1M; Vilnius: $410K; Bengaluru: $400K New York $98.4M · 2 rounds London $49.6M · 3 rounds Oxford $27.9M · 1 round Amsterdam $23.1M · 2 rounds Ahmedabad $15.4M · 1 round Milan $14.1M · 1 round

The last two weeks

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

Capital raised per day, Monday 29 September 2025 Tue 16 Sept: $2.1B, 45 rounds; Wed 17 Sept: $1.5B, 37 rounds; Thu 18 Sept: $419M, 28 rounds; Fri 19 Sept: $148M, 10 rounds; Sat 20 Sept: $0K, 0 rounds; Sun 21 Sept: $0K, 0 rounds; Mon 22 Sept: $847M, 30 rounds; Tue 23 Sept: $621M, 34 rounds; Wed 24 Sept: $891M, 29 rounds; Thu 25 Sept: $608M, 35 rounds; Fri 26 Sept: $55M, 10 rounds; Sat 27 Sept: $1.4M, 1 round; Sun 28 Sept: $0K, 0 rounds; Mon 29 Sept: $438M, 20 rounds $1B$2B$3B 16 17 18 19 20 21 22 23 24 25 26 27 28 29 $2.1B$438M
Capital raised per day, Monday 29 September 2025
DayRoundsCapitalBiggest round
Tue 16 Sept45$2.1BFigure, $1B
Wed 17 Sept37$1.5BGroq, $750M
Thu 18 Sept28$419MInfra.Market, $83.1M
Fri 19 Sept10$148MNxtfood, $57.5M
Sat 20 Sept0$0K
Sun 21 Sept0$0K
Mon 22 Sept30$847MAppZen, $180M
Tue 23 Sept34$621MJudi Health, $252M
Wed 24 Sept29$891MModular, $250M
Thu 25 Sept35$608MWAAT, $117M
Fri 26 Sept10$55MCurefoods, $18M
Sat 27 Sept1$1.4MPlazza, $1.4M
Sun 28 Sept0$0K
Mon 29 Sept20$438MStar Therapeutics, $125M

Most active investors

Newsletter Startup rounds, in your inbox.

Free. Unsubscribe anytime.

All rounds

More editions