Daily edition

Wednesday 19 November 2025

34 rounds and $2.2B raised. The biggest: Luma AI, $900M.

vs Wed 12 Nov

The day in charts

AI took 74% of the capital on this day, up from 58% on Wed 12 Nov. Luma AI alone raised $900M, 41% of it.

The 5 biggest rounds raised $1.7B, 76% of the total.

5 of 34 rounds made 76% of the capital.

Rounds of $100M or more, Wednesday 19 November 2025
	Rounds	Capital
$100M or more	5	$1.7B
The rest	29	$528M

AI raised $1.6B, 74% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 19 November 2025
Sector	Capital	Share	Rounds
AI	$1.6B	74%	19
Health	$340M	16%	5
Cybersecurity	$106M	5%	2
Enterprise software	$43.6M	2%	2
Web3	$34.7M	2%	1
Fintech	$25.2M	1%	2
Other	$14.1M	<1%	2
Consumer	$1M	<1%	1

United States raised $1.9B, 87% of the capital. Rounds in 10 countries.

Menlo Ventures joined 3 rounds, leading 2, more than any other investor.

Seed was the most common stage: 11 rounds, median $6.6M. The median round size is under each column.

Palo Alto raised $900M, more than all of Europe ($144M). Rounds from 18 cities.

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

Capital raised per day, Wednesday 19 November 2025
Day	Rounds	Capital	Biggest round
Thu 6 Nov	27	$867M	Metropolis, $500M
Fri 7 Nov	6	$89.7M	Upway, $60M
Sat 8 Nov	0	$0K
Sun 9 Nov	0	$0K
Mon 10 Nov	13	$1B	Clio, $500M
Tue 11 Nov	22	$427M	Wonderful, $100M
Wed 12 Nov	38	$1.3B	d-Matrix, $275M
Thu 13 Nov	34	$3.9B	Anysphere (Cursor), $2.3B
Fri 14 Nov	12	$443M	Firmus Technologies, $326M
Sat 15 Nov	0	$0K
Sun 16 Nov	0	$0K
Mon 17 Nov	31	$1.2B	Ramp, $300M
Tue 18 Nov	37	$3.3B	Lambda, $1.5B
Wed 19 Nov	34	$2.2B	Luma AI, $900M