Daily edition
Thursday 2 October 2025
22 rounds and $443M raised. The biggest: DualEntry, $90M.
- Rounds
- 22 -37%
- Capital raised
- $443M -27%
- Median round
- $8.2M +23%
vs Thu 25 Sept
The day in charts
AI took 61% of the capital on this day, up from 55% on Thu 25 Sept. $443M in all, down 27% on Thu 25 Sept.
The 5 biggest rounds
The 5 biggest rounds raised $297M, 67% of the total.
Where the capital went
AI raised $272M, 61% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $272M | 61% | 9 |
| Health | $42.3M | 10% | 2 |
| Robotics & Hardware | $35.1M | 8% | 2 |
| Cybersecurity | $33M | 7% | 1 |
| Consumer | $30M | 7% | 1 |
| Other | $12.4M | 3% | 2 |
| Climate & Energy | $8M | 2% | 2 |
| Enterprise software | $5M | 1% | 1 |
| Fintech | $4.7M | 1% | 2 |
Where the rounds were
United States raised $269M, 61% of the capital. Rounds in 10 countries.
Most active investors
EIC Fund joined 2 rounds, leading 1, more than any other investor.
Rounds by stage
Series A was the most common stage: 7 rounds, median $20M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 1 | $2M |
| Seed | 5 | $3.2M |
| Series A | 7 | $20M |
| Series B | 1 | $19.8M |
| Growth | 1 | $4.5M |
| Other or undisclosed | 7 | $5M |
The cities that raised
New York raised $90M, more than all of Oceania ($23.8M). Rounds from 13 cities.
The last two weeks
This day against the 13 days before it. The biggest: Tue 30 Sept, $2.6B.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| 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 |
| Fri 26 Sept | 10 | $55M | Curefoods, $18M |
| Sat 27 Sept | 1 | $1.4M | Plazza, $1.4M |
| Sun 28 Sept | 0 | $0K | |
| Mon 29 Sept | 20 | $438M | Star Therapeutics, $125M |
| Tue 30 Sept | 40 | $2.6B | Cerebras Systems, $1.1B |
| Wed 1 Oct | 26 | $905M | Nscale, $433M |
| Thu 2 Oct | 22 | $443M | DualEntry, $90M |
All rounds
- DualEntryAI-native ERP and accounting software for midmarket companiesLed by Lightspeed Venture Partners, with Khosla Ventures, GV $90MSeries A · United States
- FeedzaiAI-native RiskOps platform for banks to prevent fraud and financial crimeLed by Explorer Investments, with Iberis Capital, Lince Capital +2 $75MUnited States
- Axiom MathBuilds an AI mathematician that generates verifiable proofs for hard math problemsLed by B Capital, with Greycroft, Madrona +1 $64MSeed · United States
- Leyden LabsDevelops intranasal antibody sprays to prevent influenza and other respiratory virusesLed by EIC Fund, with Invest-NL $35.3MVenture · Netherlands
- OneleetAll-in-one security compliance platform with pentesting, code scanning and trainingLed by Dawn Capital, with Y Combinator, Arash Ferdowsi +1 $33MSeries A · United States
- Cypher GamesMobile game studio behind the match-3 puzzle game Match SquadLed by The Raine Group, with Play Ventures, MIT +2 $30MSeries A · Turkey
- LupaAI-native software platform for veterinary clinicsLed by Singular, with firstminute capital $20MSeries A · United Kingdom
- SwarmFarm RoboticsSmall autonomous farm robots plus an open software platform for growersLed by Edaphon, with Clean Energy Finance Corporation, QIC +1 $19.8MSeries B · Australia
- kiutraHelium-3-free magnetic cooling systems for quantum technologiesLed by NovaCapital, with 55 North, High-Tech Gründerfonds $15.3MGermany
- FenXETH spin-off licensing mineral foam technology to make lightweight building insulation panelsLed by Supernova Invest, with Move Energy, Zuercher Kantonalbank +4 $10.3MSeries A · Switzerland
- TiHiveTerahertz imaging chips and AI vision systems for production line inspectionLed by Karista, with Wind, EIC Fund $9.4MSeries A · France
- Koda HealthEMR-integrated platform helping patients make serious illness care decisions and create advance directivesLed by Evidenced, with Mudita Venture Partners, Techstars +2 $7MSeries A · United States
- praxipalAI receptionist handling calls, scheduling and patient communication for medical practicesLed by HV Capital, with Nebular, Anamcara Capital +1 $6.7MSeed · Germany
- fan3Fan-first access platform giving digital passes for presale and entry to live eventsLed by Improbable $5MUnited Kingdom
- OpusFlowAll-in-one automation platform for renewable energy installersLed by Move Energy, with Rise PropTech, Peak $4.5MGrowth · Netherlands
- JAVLNCloud insurance software platform for brokers, advisers and underwriting agenciesLed by Microequities Asset Management $4MNew Zealand
- HysunProduces clean hydrogen from concentrated solar energy without using electricityLed by Equinor Ventures, with Axon Partners Group, InnoEnergy $3.5MSpain
- MetreecsAI demand forecasting and inventory software for retailersLed by Y Combinator, with Kima Ventures, Founders Future +3 $3.2MSeed · France
- Headmade MaterialsCold Metal Fusion feedstock enabling mass production of metal parts via 3D printingLed by Jet Investment Group, with Matterwave Ventures, AM Ventures +1 $2.1MGermany
- EmblematicAgentic AI automating accounting and financial workflows for mid-market companiesLed by Passion Capital, with Caesar VC, K Fund +1 $2MPre-Seed · Germany
- SagaAI platform for legal teams, used by about 150 customers in EuropeLed by Dutch and Norwegian angel investors $1.8MSeed · Netherlands
- InitiativDigital trading venue for EU ETS carbon allowances aimed at industrial companiesLed by Holmarcom, with U-Investors, business angels $764KSeed · France
No round matches these filters.