Daily edition

Thursday 13 November 2025

34 rounds and $3.9B raised. The biggest: Anysphere (Cursor), $2.3B.

Rounds
34 +26%
Capital raised
$3.9B ×4.5
Median round
$9.6M ×4.2

vs Thu 6 Nov

The day in charts

AI took 69% of the capital on this day, about the same as on Thu 6 Nov. Anysphere (Cursor) alone raised $2.3B, 59% of it.

The 5 biggest rounds

The 5 biggest rounds raised $3.4B, 86% of the total.

The 5 biggest rounds, Thursday 13 November 2025Anysphere (Cursor): $2.3B; CHAOS Industries: $510M; Gopuff: $250M; Harbinger: $160M; Alembic: $145M Anysphere (Cursor) $2.3B · Series D C CHAOS Industries $510M · Series D Gopuff $250M · Growth Harbinger $160M · Series C Alembic $145M · Series B

Mega-rounds against the rest

5 of 34 rounds made 86% of the capital.

15% of the rounds were of $100M or more 15%of the rounds5 of 3486% of the capital came from rounds of $100M or more 86%of the capital$3.4B of $3.9B
Rounds of $100M or more, Thursday 13 November 2025
RoundsCapital
$100M or more5$3.4B
The rest29$546M

Where the capital went

AI raised $2.7B, 69% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 13 November 2025 69% AI AI $2.7B 13 rounds 69% Robotics & Hardware $513M 3 rounds 13% Enterprise software $275M 8 rounds 7% Climate & Energy $202M 3 rounds 5% Fintech $71M 2 rounds 2% Other sectors $141M 5 rounds 4%
Capital by sector, Thursday 13 November 2025
SectorCapitalShareRounds
AI$2.7B69%13
Robotics & Hardware$513M13%3
Enterprise software$275M7%8
Climate & Energy$202M5%3
Other$119M3%3
Fintech$71M2%2
Health$12M<1%1
Consumer$10.5M<1%1

Where the rounds were

United States raised $3.7B, 95% of the capital. Rounds in 13 countries, 1 with no country disclosed.

Capital by country, Thursday 13 November 2025United States: $3.7B; Germany: $89.5M; China: $42.3M; Finland: $15M; United Kingdom: $14.8M; Belgium: $12.3M; Israel: $10M; Switzerland: $4.5M; India: $3.7M; Italy: $3.1M; Netherlands: $2.1M; Singapore: $2M United States $3.7B · 15 rounds Germany $89.5M · 1 round China $42.3M · 1 round Finland $15M · 2 rounds United Kingdom $14.8M · 2 rounds Belgium $12.3M · 2 rounds Israel $10M · 1 round Switzerland $4.5M · 1 round

Most active investors

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

Most active investors, Thursday 13 November 2025Accel: 2 rounds, 1 led; DST Global: 2 rounds, 1 led; Valor Equity Partners: 2 rounds, 1 led; General Catalyst: 2 rounds, 1 led; Andreessen Horowitz: 2 rounds, 0 led; Baillie Gifford: 2 rounds, 0 led; SK hynix: 2 rounds, 0 led; Eldridge Industries: 1 rounds, 1 led; FedEx: 1 rounds, 1 led; Prysm Capital: 1 rounds, 1 ledLedJoined Accel 2 rounds · 1 led DST Global 2 rounds · 1 led Valor Equity Partners 2 rounds · 1 led General Catalyst 2 rounds · 1 led Andreessen Horowitz 2 rounds Baillie Gifford 2 rounds SK hynix 2 rounds Eldridge Industries 1 round · 1 led FedEx 1 round · 1 led Prysm Capital 1 round · 1 led

Rounds by stage

Seed was the most common stage: 12 rounds, median $3M. The median round size is under each column.

Rounds by stage, Thursday 13 November 2025 5 Pre $1.8M 12 Seed $3M 2 A $13M 6 B $47M 2 C $125M 2 D $1.4B 1 Growth $250M 4 Other $30M
Rounds by stage, Thursday 13 November 2025
StageRoundsMedian round
Pre-Seed5$1.8M
Seed12$3M
Series A2$12.6M
Series B6$46.5M
Series C2$125M
Series D2$1.4B
Growth1$250M
Other or undisclosed4$30.2M

The cities that raised

San Francisco raised $2.5B, more than all of Europe ($142M). Rounds from 18 cities.

Capital by city, Thursday 13 November 2025San Francisco: $2.5B; Philadelphia: $250M; Boston: $129M; Redwood City: $60M; San Diego: $50M; New York: $50M; Shanghai: $42.3M; Atlanta: $21M; Ghent: $12.3M; Oxford: $12M; Tel Aviv: $10M; Zurich: $4.5M San Francisco $2.5B · 4 rounds Philadelphia $250M · 1 round Boston $129M · 2 rounds Redwood City $60M · 1 round San Diego $50M · 1 round New York $50M · 1 round

The last two weeks

This day against the 13 days before it. The biggest day of the two weeks.

Capital raised per day, Thursday 13 November 2025 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; Tue 11 Nov: $427M, 22 rounds; Wed 12 Nov: $1.3B, 38 rounds; Thu 13 Nov: $3.9B, 34 rounds $2B$4B 31 1 2 3 4 5 6 7 8 9 10 11 12 13 $3.9B
Capital raised per day, Thursday 13 November 2025
DayRoundsCapitalBiggest round
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
Tue 11 Nov22$427MWonderful, $100M
Wed 12 Nov38$1.3Bd-Matrix, $275M
Thu 13 Nov34$3.9BAnysphere (Cursor), $2.3B
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