Daily edition

Friday 10 October 2025

12 rounds and $484M raised. The biggest: Kalshi, $300M.

Rounds
12 +71%
Capital raised
$484M +182%
Median round
$13.7M +127%

vs Fri 3 Oct

The day in charts

Kalshi alone raised $300M, 62% of the capital on this day. $484M in all, up 182% on Fri 3 Oct.

The 5 biggest rounds

The 5 biggest rounds raised $453M, 94% of the total.

The 5 biggest rounds, Friday 10 October 2025Kalshi: $300M; Corvus Energy: $60M; Green Cabbage: $40M; Prezent: $30M; 011h: $23.1M Kalshi $300M · Series D Corvus Energy $60M · Growth G Green Cabbage $40M · Series B Prezent $30M · Venture 011h $23.1M

Mega-rounds against the rest

One round, Kalshi at $300M, made 62% of the capital.

8% of the rounds were of $100M or more 8%of the rounds1 of 1262% of the capital came from rounds of $100M or more 62%of the capital$300M of $484M
Rounds of $100M or more, Friday 10 October 2025
RoundsCapital
$100M or more1$300M
The rest11$184M

Where the capital went

Enterprise software raised $63.1M, 13% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Friday 10 October 2025 13% Enterprise soft… Enterprise software $63.1M 2 rounds 13% Climate & Energy $60M 1 round 12% AI $36.6M 4 rounds 8% Health $22.4M 2 rounds 5% Robotics & Hardware $1.4M 1 round <1% Other sectors $301M 2 rounds 62%
Capital by sector, Friday 10 October 2025
SectorCapitalShareRounds
Other$300M62%1
Enterprise software$63.1M13%2
Climate & Energy$60M12%1
AI$36.6M8%4
Health$22.4M5%2
Robotics & Hardware$1.4M<1%1
Consumer$868K<1%1

Where the rounds were

United States raised $375M, 77% of the capital. Rounds in 8 countries.

Capital by country, Friday 10 October 2025United States: $375M; Norway: $60M; Spain: $23.1M; Mexico: $22M; Sweden: $1.4M; Austria: $868K; France: $868K; Netherlands: $810K United States $375M · 4 rounds Norway $60M · 1 round Spain $23.1M · 1 round Mexico $22M · 1 round Sweden $1.4M · 1 round Austria $868K · 1 round France $868K · 1 round Netherlands $810K · 2 rounds

Most active investors

UNIIQ joined 2 rounds, leading 2, more than any other investor.

Most active investors, Friday 10 October 2025UNIIQ: 2 rounds, 2 led; Sequoia Capital: 1 rounds, 1 led; Morgan Stanley Investment Management: 1 rounds, 1 led; Sageview Capital: 1 rounds, 1 led; Multiplier Capital: 1 rounds, 1 led; Ship2B Ventures: 1 rounds, 1 led; Sierra Ventures: 1 rounds, 1 led; Makers Fund: 1 rounds, 1 led; BSV Ventures: 1 rounds, 1 led; Hans(wo)men Group (Hansi Hansmann): 1 rounds, 1 ledLedJoined UNIIQ 2 rounds · 2 led Sequoia Capital 1 round · 1 led Morgan Stanley Investment Man… 1 round · 1 led Sageview Capital 1 round · 1 led Multiplier Capital 1 round · 1 led Ship2B Ventures 1 round · 1 led Sierra Ventures 1 round · 1 led Makers Fund 1 round · 1 led BSV Ventures 1 round · 1 led Hans(wo)men Group (Hansi Hans… 1 round · 1 led

Rounds by stage

Pre-Seed was the most common stage: 3 rounds, median $868K. The median round size is under each column.

Rounds by stage, Friday 10 October 2025 3 Pre $868K 3 Seed $868K 1 A $22M 1 B $40M 1 D $300M 1 Growth $60M 2 Other $27M
Rounds by stage, Friday 10 October 2025
StageRoundsMedian round
Pre-Seed3$868K
Seed3$868K
Series A1$22M
Series B1$40M
Series D1$300M
Growth1$60M
Other or undisclosed2$26.6M

The cities that raised

New York raised $300M, more than all of Europe ($87.1M). Rounds from 6 cities.

Capital by city, Friday 10 October 2025New York: $300M; Pittsburgh: $40M; Barcelona: $23.1M; San Francisco: $5.3M; Stockholm: $1.4M; Vienna: $868K New York $300M · 1 round Pittsburgh $40M · 1 round Barcelona $23.1M · 1 round San Francisco $5.3M · 1 round Stockholm $1.4M · 1 round Vienna $868K · 1 round

The last two weeks

This day against the 13 days before it. The biggest: Thu 9 Oct, $2.7B.

Capital raised per day, Friday 10 October 2025 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; Thu 9 Oct: $2.7B, 30 rounds; Fri 10 Oct: $484M, 12 rounds $1B$2B$3B 27 28 29 30 1 2 3 4 5 6 7 8 9 10 $2.7B$484M
Capital raised per day, Friday 10 October 2025
DayRoundsCapitalBiggest round
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
Thu 9 Oct30$2.7BReflection AI, $2B
Fri 10 Oct12$484MKalshi, $300M
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