Daily edition

Monday 10 November 2025

13 rounds and $1B raised. The biggest: Clio, $500M.

Rounds
13 -46%
Capital raised
$1B +90%
Median round
$60M ×8.2

vs Mon 3 Nov

The day in charts

AI took 86% of the capital on this day, up from 40% on Mon 3 Nov. Clio alone raised $500M, 48% of it.

The 5 biggest rounds

The 5 biggest rounds raised $821M, 80% of the total.

The 5 biggest rounds, Monday 10 November 2025Clio: $500M; Iambic Therapeutics: $100M; Neros: $75M; Scribe: $75M; Majestic Labs: $71M Clio $500M · Series G Iambic Therapeutics $100M N Neros $75M · Series B Scribe $75M · Series C Majestic Labs $71M · Series A

Mega-rounds against the rest

2 of 13 rounds made 58% of the capital.

15% of the rounds were of $100M or more 15%of the rounds2 of 1358% of the capital came from rounds of $100M or more 58%of the capital$600M of $1B
Rounds of $100M or more, Monday 10 November 2025
RoundsCapital
$100M or more2$600M
The rest11$432M

Where the capital went

AI raised $891M, 86% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 10 November 2025 86% AI AI $891M 9 rounds 86% Robotics & Hardware $75M 1 round 7% Enterprise software $6.1M 2 rounds <1% Other $60M 1 round 6%
Capital by sector, Monday 10 November 2025
SectorCapitalShareRounds
AI$891M86%9
Robotics & Hardware$75M7%1
Other$60M6%1
Enterprise software$6.1M<1%2

Where the rounds were

Canada raised $500M, 48% of the capital. Rounds in 5 countries.

Capital by country, Monday 10 November 2025Canada: $500M; United States: $459M; Germany: $61.5M; United Kingdom: $7M; Denmark: $4.6M Canada $500M · 1 round United States $459M · 7 rounds Germany $61.5M · 2 rounds United Kingdom $7M · 2 rounds Denmark $4.6M · 1 round

Most active investors

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

Most active investors, Monday 10 November 2025Sequoia Capital: 2 rounds, 1 led; Wing Venture Capital: 2 rounds, 0 led; New Enterprise Associates: 1 rounds, 1 led; Abingworth: 1 rounds, 1 led; StepStone Group: 1 rounds, 1 led; Bow Wave Capital: 1 rounds, 1 led; Andreessen Horowitz: 1 rounds, 1 led; Grab: 1 rounds, 1 led; Greylock: 1 rounds, 1 led; Battery Ventures: 1 rounds, 1 ledLedJoined Sequoia Capital 2 rounds · 1 led Wing Venture Capital 2 rounds New Enterprise Associates 1 round · 1 led Abingworth 1 round · 1 led StepStone Group 1 round · 1 led Bow Wave Capital 1 round · 1 led Andreessen Horowitz 1 round · 1 led Grab 1 round · 1 led Greylock 1 round · 1 led Battery Ventures 1 round · 1 led

Rounds by stage

Series B was the most common stage: 3 rounds, median $68M. The median round size is under each column.

Rounds by stage, Monday 10 November 2025 2 Pre $1.3M 2 Seed $5.3M 2 A $51M 3 B $68M 1 C $75M 1 E+ $500M 2 Other $80M
Rounds by stage, Monday 10 November 2025
StageRoundsMedian round
Pre-Seed2$1.3M
Seed2$5.3M
Series A2$50.5M
Series B3$68M
Series C1$75M
Series E+1$500M
Other or undisclosed2$80M

The cities that raised

Vancouver raised $500M, more than all of Europe ($73.1M). Rounds from 9 cities.

Capital by city, Monday 10 November 2025Vancouver: $500M; San Francisco: $143M; San Diego: $100M; El Segundo: $75M; Berlin: $60M; New York: $40M; London: $7M; Copenhagen: $4.6M; Stuttgart: $1.5M Vancouver $500M · 1 round San Francisco $143M · 2 rounds San Diego $100M · 1 round El Segundo $75M · 1 round Berlin $60M · 1 round New York $40M · 1 round

The last two weeks

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

Capital raised per day, Monday 10 November 2025 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; Fri 7 Nov: $89.7M, 6 rounds; Sat 8 Nov: $0K, 0 rounds; Sun 9 Nov: $0K, 0 rounds; Mon 10 Nov: $1B, 13 rounds $500M$1B$1.5B 28 29 30 31 1 2 3 4 5 6 7 8 9 10 $1.5B$1B
Capital raised per day, Monday 10 November 2025
DayRoundsCapitalBiggest round
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
Fri 7 Nov6$89.7MUpway, $60M
Sat 8 Nov0$0K
Sun 9 Nov0$0K
Mon 10 Nov13$1BClio, $500M
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