Daily edition

Thursday 6 November 2025

27 rounds and $867M raised. The biggest: Metropolis, $500M.

Rounds
27 -10%
Capital raised
$867M +14%
Median round
$2.3M -66%

vs Thu 30 Oct

The day in charts

AI took 69% of the capital on this day, up from 32% on Thu 30 Oct. Metropolis alone raised $500M, 58% of it.

The 5 biggest rounds

The 5 biggest rounds raised $803M, 93% of the total.

The 5 biggest rounds, Thursday 6 November 2025Metropolis: $500M; Synchron: $200M; Inception: $50M; First Water: $27.7M; Amae Health: $25M Metropolis $500M · Series D Synchron $200M · Series D Inception $50M · Seed First Water $27.7M · Growth Amae Health $25M · Series B

Mega-rounds against the rest

2 of 27 rounds made 81% of the capital.

7% of the rounds were of $100M or more 7%of the rounds2 of 2781% of the capital came from rounds of $100M or more 81%of the capital$700M of $867M
Rounds of $100M or more, Thursday 6 November 2025
RoundsCapital
$100M or more2$700M
The rest25$167M

Where the capital went

AI raised $598M, 69% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 6 November 2025 69% AI AI $598M 13 rounds 69% Health $223M 6 rounds 26% Climate & Energy $6.9M 2 rounds <1% Fintech $4M 1 round <1% Consumer $2.4M 2 rounds <1% Other sectors $31.6M 3 rounds 4%
Capital by sector, Thursday 6 November 2025
SectorCapitalShareRounds
AI$598M69%13
Health$223M26%6
Other$27.7M3%1
Climate & Energy$6.9M<1%2
Fintech$4M<1%1
Consumer$2.4M<1%2
Robotics & Hardware$2.1M<1%1
Enterprise software$1.7M<1%1

Where the rounds were

United States raised $794M, 92% of the capital. Rounds in 11 countries.

Capital by country, Thursday 6 November 2025United States: $794M; Iceland: $27.7M; Switzerland: $15M; India: $12M; France: $6.6M; Turkey: $4M; Netherlands: $2.6M; Estonia: $1.7M; United Kingdom: $1.2M; Spain: $923K; Australia: $502K United States $794M · 7 rounds Iceland $27.7M · 1 round Switzerland $15M · 3 rounds India $12M · 6 rounds France $6.6M · 3 rounds Turkey $4M · 1 round Netherlands $2.6M · 2 rounds Estonia $1.7M · 1 round

Most active investors

Kima Ventures joined 3 rounds, leading 1, more than any other investor.

Most active investors, Thursday 6 November 2025Kima Ventures: 3 rounds, 1 led; Zürcher Kantonalbank: 2 rounds, 0 led; LionTree: 1 rounds, 1 led; Double Point Ventures: 1 rounds, 1 led; Menlo Ventures: 1 rounds, 1 led; Stoðir: 1 rounds, 1 led; Altos Ventures: 1 rounds, 1 led; Takeda: 1 rounds, 1 led; Ventura Ace: 1 rounds, 1 led; Redstone VC: 1 rounds, 1 ledLedJoined Kima Ventures 3 rounds · 1 led Zürcher Kantonalbank 2 rounds LionTree 1 round · 1 led Double Point Ventures 1 round · 1 led Menlo Ventures 1 round · 1 led Stoðir 1 round · 1 led Altos Ventures 1 round · 1 led Takeda 1 round · 1 led Ventura Ace 1 round · 1 led Redstone VC 1 round · 1 led

Rounds by stage

Seed was the most common stage: 15 rounds, median $2.1M. The median round size is under each column.

Rounds by stage, Thursday 6 November 2025 4 Pre $1.4M 15 Seed $2.1M 2 A $4M 1 B $25M 2 D $350M 1 Growth $28M 2 Other $1.1M
Rounds by stage, Thursday 6 November 2025
StageRoundsMedian round
Pre-Seed4$1.4M
Seed15$2.1M
Series A2$4M
Series B1$25M
Series D2$350M
Growth1$27.7M
Other or undisclosed2$1.1M

The cities that raised

Seattle raised $513M, more than all of Europe ($59.7M). Rounds from 14 cities.

Capital by city, Thursday 6 November 2025Seattle: $513M; New York: $205M; Palo Alto: $50M; San Francisco: $25M; Schlieren: $7.8M; Paris: $6.6M; Bengaluru: $6.4M; Istanbul: $4M; Amsterdam: $2.6M; Tallinn: $1.7M; Zurich: $1.5M; Cambridge: $1.2M Seattle $513M · 2 rounds New York $205M · 2 rounds Palo Alto $50M · 1 round San Francisco $25M · 1 round Schlieren $7.8M · 1 round Paris $6.6M · 3 rounds

The last two weeks

This day against the 13 days before it. The biggest: Wed 5 Nov, $1.5B.

Capital raised per day, Thursday 6 November 2025 Fri 24 Oct: $63.3M, 9 rounds; Sat 25 Oct: $130K, 1 round; Sun 26 Oct: $0K, 0 rounds; Mon 27 Oct: $686M, 14 rounds; Tue 28 Oct: $1.4B, 41 rounds; Wed 29 Oct: $457M, 29 rounds; Thu 30 Oct: $759M, 30 rounds; Fri 31 Oct: $256M, 15 rounds; Sat 1 Nov: $0K, 0 rounds; Sun 2 Nov: $0K, 0 rounds; Mon 3 Nov: $543M, 24 rounds; Tue 4 Nov: $767M, 30 rounds; Wed 5 Nov: $1.5B, 30 rounds; Thu 6 Nov: $867M, 27 rounds $500M$1B$1.5B 24 25 26 27 28 29 30 31 1 2 3 4 5 6 $1.5B$867M
Capital raised per day, Thursday 6 November 2025
DayRoundsCapitalBiggest round
Fri 24 Oct9$63.3MValthos, $30M
Sat 25 Oct1$130KDraiven, $130K
Sun 26 Oct0$0K
Mon 27 Oct14$686MMercor, $350M
Tue 28 Oct41$1.4BFireworks AI, $250M
Wed 29 Oct29$457MFruitist, $150M
Thu 30 Oct30$759MBending Spoons, $270M
Fri 31 Oct15$256MSnapmint, $115M
Sat 1 Nov0$0K
Sun 2 Nov0$0K
Mon 3 Nov24$543MAAVantgarde Bio, $141M
Tue 4 Nov30$767MBeacon Software, $250M
Wed 5 Nov30$1.5BRipple, $500M
Thu 6 Nov27$867MMetropolis, $500M
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