Daily edition

Tuesday 21 October 2025

23 rounds and $712M raised. The biggest: Sesame, $250M.

Rounds
23 -42%
Capital raised
$712M -73%
Median round
$15M +7%

vs Tue 14 Oct

The day in charts

AI took 70% of the capital on this day, up from 20% on Tue 14 Oct. Sesame alone raised $250M, 35% of it.

The 5 biggest rounds

The 5 biggest rounds raised $462M, 65% of the total.

The 5 biggest rounds, Tuesday 21 October 2025Sesame: $250M; Seneca: $60M; Arbor Energy: $55M; Chemify: $50M; Serval: $47M Sesame $250M · Series B S Seneca $60M · Seed Arbor Energy $55M · Series A Chemify $50M · Series B Serval $47M · Series A

Mega-rounds against the rest

One round, Sesame at $250M, made 35% of the capital.

4% of the rounds were of $100M or more 4%of the rounds1 of 2335% of the capital came from rounds of $100M or more 35%of the capital$250M of $712M
Rounds of $100M or more, Tuesday 21 October 2025
RoundsCapital
$100M or more1$250M
The rest22$462M

Where the capital went

AI raised $501M, 70% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Tuesday 21 October 2025 70% AI AI $501M 15 rounds 70% Robotics & Hardware $63.1M 3 rounds 9% Climate & Energy $55M 1 round 8% Consumer $23.2M 1 round 3% Enterprise software $15M 1 round 2% Other sectors $54.5M 2 rounds 8%
Capital by sector, Tuesday 21 October 2025
SectorCapitalShareRounds
AI$501M70%15
Robotics & Hardware$63.1M9%3
Climate & Energy$55M8%1
Other$50M7%1
Consumer$23.2M3%1
Enterprise software$15M2%1
Health$4.5M<1%1

Where the rounds were

United States raised $581M, 82% of the capital. Rounds in 10 countries.

Capital by country, Tuesday 21 October 2025United States: $581M; United Kingdom: $65M; Denmark: $23.2M; Ireland: $15.4M; Israel: $10M; United Arab Emirates: $9M; Netherlands: $2.7M; Switzerland: $2.5M; Germany: $1.7M; Belgium: $1.4M United States $581M · 12 rounds United Kingdom $65M · 2 rounds Denmark $23.2M · 1 round Ireland $15.4M · 2 rounds Israel $10M · 1 round United Arab Emirates $9M · 1 round Netherlands $2.7M · 1 round Switzerland $2.5M · 1 round

Most active investors

Wing Venture Capital joined 2 rounds, leading 1, more than any other investor.

Most active investors, Tuesday 21 October 2025Wing Venture Capital: 2 rounds, 1 led; Bessemer Venture Partners: 2 rounds, 1 led; First Round Capital: 2 rounds, 0 led; General Catalyst: 2 rounds, 0 led; Spark Capital: 1 rounds, 1 led; Caffeinated Capital: 1 rounds, 1 led; Lowercarbon Capital: 1 rounds, 1 led; Redpoint Ventures: 1 rounds, 1 led; Healthier Capital: 1 rounds, 1 led; SLW: 1 rounds, 1 ledLedJoined Wing Venture Capital 2 rounds · 1 led Bessemer Venture Partners 2 rounds · 1 led First Round Capital 2 rounds General Catalyst 2 rounds Spark Capital 1 round · 1 led Caffeinated Capital 1 round · 1 led Lowercarbon Capital 1 round · 1 led Redpoint Ventures 1 round · 1 led Healthier Capital 1 round · 1 led SLW 1 round · 1 led

Rounds by stage

Series A was the most common stage: 8 rounds, median $19M. The median round size is under each column.

Rounds by stage, Tuesday 21 October 2025 2 Pre $1.9M 7 Seed $9M 8 A $19M 3 B $50M 1 C $36M 1 Growth $45M 1 Other $1.7M
Rounds by stage, Tuesday 21 October 2025
StageRoundsMedian round
Pre-Seed2$1.9M
Seed7$9M
Series A8$19M
Series B3$50M
Series C1$36M
Growth1$45M
Other or undisclosed1$1.7M

The cities that raised

San Francisco raised $297M, more than all of Europe ($112M). Rounds from 12 cities.

Capital by city, Tuesday 21 October 2025San Francisco: $297M; New York: $66.5M; El Segundo: $55M; Copenhagen: $23.2M; Santa Barbara: $21M; Dublin: $15.4M; Washington: $15M; Palo Alto: $15M; London: $15M; Dubai: $9M; Zurich: $2.5M; Ghent: $1.4M San Francisco $297M · 2 rounds New York $66.5M · 3 rounds El Segundo $55M · 1 round Copenhagen $23.2M · 1 round Santa Barbara $21M · 1 round Dublin $15.4M · 2 rounds

The last two weeks

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

Capital raised per day, Tuesday 21 October 2025 Wed 8 Oct: $2B, 32 rounds; Thu 9 Oct: $2.7B, 30 rounds; Fri 10 Oct: $484M, 12 rounds; Sat 11 Oct: $0K, 0 rounds; Sun 12 Oct: $0K, 0 rounds; Mon 13 Oct: $266M, 19 rounds; Tue 14 Oct: $2.7B, 40 rounds; Wed 15 Oct: $997M, 35 rounds; Thu 16 Oct: $2.4B, 36 rounds; Fri 17 Oct: $54.6M, 11 rounds; Sat 18 Oct: $0K, 0 rounds; Sun 19 Oct: $0K, 0 rounds; Mon 20 Oct: $540M, 18 rounds; Tue 21 Oct: $712M, 23 rounds $1B$2B$3B 8 9 10 11 12 13 14 15 16 17 18 19 20 21 $2.7B$712M
Capital raised per day, Tuesday 21 October 2025
DayRoundsCapitalBiggest round
Wed 8 Oct32$2BBase Power, $1B
Thu 9 Oct30$2.7BReflection AI, $2B
Fri 10 Oct12$484MKalshi, $300M
Sat 11 Oct0$0K
Sun 12 Oct0$0K
Mon 13 Oct19$266MEcorobotix, $105M
Tue 14 Oct40$2.7BOura, $900M
Wed 15 Oct35$997MTubulis, $358M
Thu 16 Oct36$2.4BChobani, $650M
Fri 17 Oct11$54.6MScap Hologram, $25.7M
Sat 18 Oct0$0K
Sun 19 Oct0$0K
Mon 20 Oct18$540MOpenEvidence, $200M
Tue 21 Oct23$712MSesame, $250M
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