Daily edition

Wednesday 8 October 2025

32 rounds and $2B raised. The biggest: Base Power, $1B.

Rounds
32 +23%
Capital raised
$2B +116%
Median round
$11.8M +104%

vs Wed 1 Oct

The day in charts

Climate & Energy took 51% of the capital on this day, up from 11% on Wed 1 Oct. Base Power alone raised $1B, 51% of it.

The 5 biggest rounds

The 5 biggest rounds raised $1.7B, 86% of the total.

The 5 biggest rounds, Wednesday 8 October 2025Base Power: $1B; Stoke Space: $510M; Nilo Therapeutics: $101M; David AI: $50M; Phagos: $29.1M Base Power $1B · Series C Stoke Space $510M · Series D N Nilo Therapeutics $101M · Series A David AI $50M · Series B Phagos $29.1M · Series A

Mega-rounds against the rest

3 of 32 rounds made 82% of the capital.

9% of the rounds were of $100M or more 9%of the rounds3 of 3282% of the capital came from rounds of $100M or more 82%of the capital$1.6B of $2B
Rounds of $100M or more, Wednesday 8 October 2025
RoundsCapital
$100M or more3$1.6B
The rest29$345M

Where the capital went

Climate & Energy raised $1B, 51% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 8 October 2025 51% Climate & Energy Climate & Energy $1B 1 round 51% Robotics & Hardware $516M 3 rounds 26% AI $171M 15 rounds 9% Health $130M 2 rounds 7% Fintech $55.6M 3 rounds 3% Other sectors $83.1M 8 rounds 4%
Capital by sector, Wednesday 8 October 2025
SectorCapitalShareRounds
Climate & Energy$1B51%1
Robotics & Hardware$516M26%3
AI$171M9%15
Health$130M7%2
Fintech$55.6M3%3
Enterprise software$42.1M2%5
Cybersecurity$20M1%1
Web3$15M<1%1
Consumer$6M<1%1

Where the rounds were

United States raised $1.8B, 92% of the capital. Rounds in 12 countries.

Capital by country, Wednesday 8 October 2025United States: $1.8B; France: $37.9M; Singapore: $26.5M; Sweden: $23.3M; Australia: $23M; Canada: $15M; United Kingdom: $8.4M; Italy: $8.1M; India: $7.1M; Spain: $3.3M; Saudi Arabia: $2.5M; Turkey: $100K United States $1.8B · 13 rounds France $37.9M · 4 rounds Singapore $26.5M · 1 round Sweden $23.3M · 1 round Australia $23M · 1 round Canada $15M · 1 round United Kingdom $8.4M · 2 rounds Italy $8.1M · 1 round

Most active investors

Bessemer Venture Partners joined 2 rounds, leading 2, more than any other investor.

Most active investors, Wednesday 8 October 2025Bessemer Venture Partners: 2 rounds, 2 led; Elad Gil: 2 rounds, 0 led; Y Combinator: 2 rounds, 0 led; Addition: 1 rounds, 1 led; US Innovative Technology Fund: 1 rounds, 1 led; The Column Group: 1 rounds, 1 led; Meritech Capital: 1 rounds, 1 led; Capagro: 1 rounds, 1 led; Charles Schwab Corporation: 1 rounds, 1 led; Endeit Capital: 1 rounds, 1 ledLedJoined Bessemer Venture Partners 2 rounds · 2 led Elad Gil 2 rounds Y Combinator 2 rounds Addition 1 round · 1 led US Innovative Technology Fund 1 round · 1 led The Column Group 1 round · 1 led Meritech Capital 1 round · 1 led Capagro 1 round · 1 led Charles Schwab Corporation 1 round · 1 led Endeit Capital 1 round · 1 led

Rounds by stage

Seed was the most common stage: 10 rounds, median $2.9M. The median round size is under each column.

Rounds by stage, Wednesday 8 October 2025 3 Pre $2.5M 10 Seed $2.9M 8 A $20M 5 B $23M 1 C $1B 1 D $510M 1 Growth $23M 3 Other $4.9M
Rounds by stage, Wednesday 8 October 2025
StageRoundsMedian round
Pre-Seed3$2.5M
Seed10$2.9M
Series A8$20M
Series B5$23M
Series C1$1B
Series D1$510M
Growth1$23.3M
Other or undisclosed3$4.9M

The cities that raised

Austin raised $1B, more than all of Europe ($81M). Rounds from 14 cities.

Capital by city, Wednesday 8 October 2025Austin: $1B; Kent: $510M; New York: $114M; San Francisco: $38M; Paris: $29.1M; Singapore: $26.5M; Stockholm: $23.3M; Sydney: $23M; Denver: $14.5M; Milan: $8.1M; London: $3.5M; Barcelona: $930K Austin $1B · 1 round Kent $510M · 1 round New York $114M · 2 rounds San Francisco $38M · 2 rounds Paris $29.1M · 1 round Singapore $26.5M · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Tue 30 Sept, $2.6B.

Capital raised per day, Wednesday 8 October 2025 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; Tue 30 Sept: $2.6B, 40 rounds; Wed 1 Oct: $905M, 26 rounds; Thu 2 Oct: $443M, 22 rounds; Fri 3 Oct: $172M, 7 rounds; Sat 4 Oct: $0K, 0 rounds; Sun 5 Oct: $821K, 1 round; Mon 6 Oct: $347M, 22 rounds; Tue 7 Oct: $2.6B, 34 rounds; Wed 8 Oct: $2B, 32 rounds $1B$2B$3B 25 26 27 28 29 30 1 2 3 4 5 6 7 8 $2.6B$2B
Capital raised per day, Wednesday 8 October 2025
DayRoundsCapitalBiggest round
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
Tue 30 Sept40$2.6BCerebras Systems, $1.1B
Wed 1 Oct26$905MNscale, $433M
Thu 2 Oct22$443MDualEntry, $90M
Fri 3 Oct7$172MSupabase, $100M
Sat 4 Oct0$0K
Sun 5 Oct1$821KKomu (ex-Contestio), $821K
Mon 6 Oct22$347MNanoPhoria Bioscience, $97.5M
Tue 7 Oct34$2.6BPolymarket, $2B
Wed 8 Oct32$2BBase Power, $1B
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