Daily edition

Monday 17 November 2025

31 rounds and $1.2B raised. The biggest: Ramp, $300M.

Rounds
31 +138%
Capital raised
$1.2B +19%
Median round
$15M -75%

vs Mon 10 Nov

The day in charts

Fintech took 38% of the capital on this day, after none on Mon 10 Nov. $1.2B in all, up 19% on Mon 10 Nov.

The 5 biggest rounds

The 5 biggest rounds raised $812M, 66% of the total.

The 5 biggest rounds, Monday 17 November 2025Ramp: $300M; Flatpay: $168M; Sakana AI: $129M; Artios Pharma: $115M; Celero Communications: $100M Ramp $300M · Growth Flatpay $168M · Series D Sakana AI $129M · Series B Artios Pharma $115M · Series D C Celero Communications $100M · Series B

Mega-rounds against the rest

5 of 31 rounds made 66% of the capital.

16% of the rounds were of $100M or more 16%of the rounds5 of 3166% of the capital came from rounds of $100M or more 66%of the capital$812M of $1.2B
Rounds of $100M or more, Monday 17 November 2025
RoundsCapital
$100M or more5$812M
The rest26$419M

Where the capital went

Fintech raised $468M, 38% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Monday 17 November 2025 38% Fintech Fintech $468M 2 rounds 38% AI $401M 15 rounds 33% Health $152M 2 rounds 12% Climate & Energy $109M 2 rounds 9% Robotics & Hardware $90.3M 5 rounds 7% Other sectors $10.8M 5 rounds <1%
Capital by sector, Monday 17 November 2025
SectorCapitalShareRounds
Fintech$468M38%2
AI$401M33%15
Health$152M12%2
Climate & Energy$109M9%2
Robotics & Hardware$90.3M7%5
Other$8M<1%4
Enterprise software$2.8M<1%1

Where the rounds were

United States raised $597M, 49% of the capital. Rounds in 12 countries.

Capital by country, Monday 17 November 2025United States: $597M; Denmark: $168M; United Kingdom: $132M; Japan: $129M; Germany: $71M; France: $60.9M; Netherlands: $37.1M; Israel: $15.5M; South Korea: $12M; Italy: $4.1M; India: $4M; Spain: $116K United States $597M · 10 rounds Denmark $168M · 1 round United Kingdom $132M · 3 rounds Japan $129M · 1 round Germany $71M · 2 rounds France $60.9M · 7 rounds Netherlands $37.1M · 1 round Israel $15.5M · 1 round

Most active investors

Playground Global joined 2 rounds, leading 2, more than any other investor.

Most active investors, Monday 17 November 2025Playground Global: 2 rounds, 2 led; Daphni: 2 rounds, 2 led; Khosla Ventures: 2 rounds, 1 led; Y Combinator: 2 rounds, 0 led; Bpifrance: 2 rounds, 0 led; Kima Ventures: 2 rounds, 0 led; Lightspeed Venture Partners: 1 rounds, 1 led; AVP Growth: 1 rounds, 1 led; MUFG: 1 rounds, 1 led; SV Health Investors: 1 rounds, 1 ledLedJoined Playground Global 2 rounds · 2 led Daphni 2 rounds · 2 led Khosla Ventures 2 rounds · 1 led Y Combinator 2 rounds Bpifrance 2 rounds Kima Ventures 2 rounds Lightspeed Venture Partners 1 round · 1 led AVP Growth 1 round · 1 led MUFG 1 round · 1 led SV Health Investors 1 round · 1 led

Rounds by stage

Seed was the most common stage: 11 rounds, median $4.1M. The median round size is under each column.

Rounds by stage, Monday 17 November 2025 3 Pre $1.2M 11 Seed $4.1M 7 A $25M 3 B $100M 2 D $142M 2 Growth $158M 3 Other $17M
Rounds by stage, Monday 17 November 2025
StageRoundsMedian round
Pre-Seed3$1.2M
Seed11$4.1M
Series A7$25M
Series B3$100M
Series D2$142M
Growth2$158M
Other or undisclosed3$17.4M

The cities that raised

New York raised $310M, more than all of Asia ($161M). Rounds from 16 cities.

Capital by city, Monday 17 November 2025New York: $310M; Copenhagen: $168M; Tokyo: $129M; Cambridge: $115M; Irvine: $100M; San Francisco: $80M; Berlin: $71M; Woburn: $54M; Amsterdam: $37.1M; Paris: $23.8M; Tel Aviv: $15.5M; London: $15M New York $310M · 2 rounds Copenhagen $168M · 1 round Tokyo $129M · 1 round Cambridge $115M · 1 round Irvine $100M · 1 round San Francisco $80M · 2 rounds

The last two weeks

This day against the 13 days before it. The biggest: Thu 13 Nov, $3.9B.

Capital raised per day, Monday 17 November 2025 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; Fri 14 Nov: $443M, 12 rounds; Sat 15 Nov: $0K, 0 rounds; Sun 16 Nov: $0K, 0 rounds; Mon 17 Nov: $1.2B, 31 rounds $2B$4B 4 5 6 7 8 9 10 11 12 13 14 15 16 17 $3.9B$1.2B
Capital raised per day, Monday 17 November 2025
DayRoundsCapitalBiggest round
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
Fri 14 Nov12$443MFirmus Technologies, $326M
Sat 15 Nov0$0K
Sun 16 Nov0$0K
Mon 17 Nov31$1.2BRamp, $300M
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