Daily edition

Wednesday 26 November 2025

23 rounds and $154M raised. The biggest: Easycep, $45M.

Rounds
23 -32%
Capital raised
$154M -93%
Median round
$2.6M -80%

vs Wed 19 Nov

The day in charts

Consumer took 30% of the capital on this day, up from <1% on Wed 19 Nov. $154M in all, down 93% on Wed 19 Nov.

The 5 biggest rounds

The 5 biggest rounds raised $104M, 67% of the total.

The 5 biggest rounds, Wednesday 26 November 2025Easycep: $45M; EcoG: $18.5M; Enerin: $17.4M; Procure AI: $13M; Ruminant Biotech: $9.6M Easycep $45M EcoG $18.5M · Series B Enerin $17.4M · Series A Procure AI $13M · Seed R Ruminant Biotech $9.6M · Series A

Where the capital went

Consumer raised $46.4M, 30% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Wednesday 26 November 2025 30% Consumer Consumer $46.4M 3 rounds 30% AI $42.5M 9 rounds 28% Climate & Energy $20.4M 2 rounds 13% Health $7.9M 3 rounds 5% Enterprise software $4.3M 2 rounds 3% Other sectors $32.2M 4 rounds 21%
Capital by sector, Wednesday 26 November 2025
SectorCapitalShareRounds
Consumer$46.4M30%3
AI$42.5M28%9
Other$27M18%2
Climate & Energy$20.4M13%2
Health$7.9M5%3
Enterprise software$4.3M3%2
Fintech$2.6M2%1
Robotics & Hardware$2.6M2%1

Where the rounds were

Turkey raised $45M, 29% of the capital. Rounds in 14 countries.

Capital by country, Wednesday 26 November 2025Turkey: $45M; India: $20.6M; Norway: $19.5M; Germany: $19.3M; United Kingdom: $16M; New Zealand: $9.6M; United States: $7.5M; France: $7.4M; Poland: $2.3M; Denmark: $2.2M; Sweden: $1.7M; Georgia: $1M Turkey $45M · 1 round India $20.6M · 6 rounds Norway $19.5M · 2 rounds Germany $19.3M · 2 rounds United Kingdom $16M · 2 rounds New Zealand $9.6M · 1 round United States $7.5M · 1 round France $7.4M · 2 rounds

Most active investors

8X Ventures joined 2 rounds, more than any other investor.

Most active investors, Wednesday 26 November 20258X Ventures: 2 rounds, 0 led; Oleka Capital: 1 rounds, 1 led; GET Fund: 1 rounds, 1 led; Climentum Capital: 1 rounds, 1 led; Headline: 1 rounds, 1 led; Rosrain Investments: 1 rounds, 1 led; Footwork: 1 rounds, 1 led; pi Ventures: 1 rounds, 1 led; Arkam Ventures: 1 rounds, 1 led; GO Capital: 1 rounds, 1 ledLedJoined 8X Ventures 2 rounds Oleka Capital 1 round · 1 led GET Fund 1 round · 1 led Climentum Capital 1 round · 1 led Headline 1 round · 1 led Rosrain Investments 1 round · 1 led Footwork 1 round · 1 led pi Ventures 1 round · 1 led Arkam Ventures 1 round · 1 led GO Capital 1 round · 1 led

Rounds by stage

Seed was the most common stage: 8 rounds, median $2.2M. The median round size is under each column.

Rounds by stage, Wednesday 26 November 2025 5 Pre $1.7M 8 Seed $2.2M 4 A $8M 1 B $19M 5 Other $6.5M
Rounds by stage, Wednesday 26 November 2025
StageRoundsMedian round
Pre-Seed5$1.7M
Seed8$2.2M
Series A4$8M
Series B1$18.5M
Other or undisclosed5$6.5M

The cities that raised

Istanbul raised $45M, more than all of Asia ($21.6M). Rounds from 11 cities.

Capital by city, Wednesday 26 November 2025Istanbul: $45M; Munich: $18.5M; London: $16M; Hyderabad: $6.5M; Bengaluru: $3.2M; Gurugram: $2.6M; Lyon: $2.3M; Copenhagen: $2.2M; Oslo: $2.1M; Stockholm: $1.7M; Amsterdam: $984K Istanbul $45M · 1 round Munich $18.5M · 1 round London $16M · 2 rounds Hyderabad $6.5M · 1 round Bengaluru $3.2M · 2 rounds Gurugram $2.6M · 1 round

The last two weeks

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

Capital raised per day, Wednesday 26 November 2025 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; Tue 18 Nov: $3.3B, 37 rounds; Wed 19 Nov: $2.2B, 34 rounds; Thu 20 Nov: $1.4B, 28 rounds; Fri 21 Nov: $670M, 12 rounds; Sat 22 Nov: $0K, 0 rounds; Sun 23 Nov: $0K, 0 rounds; Mon 24 Nov: $876M, 18 rounds; Tue 25 Nov: $206M, 25 rounds; Wed 26 Nov: $154M, 23 rounds $2B$4B 13 14 15 16 17 18 19 20 21 22 23 24 25 26 $3.9B$154M
Capital raised per day, Wednesday 26 November 2025
DayRoundsCapitalBiggest round
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
Tue 18 Nov37$3.3BLambda, $1.5B
Wed 19 Nov34$2.2BLuma AI, $900M
Thu 20 Nov28$1.4BPhysical Intelligence, $600M
Fri 21 Nov12$670MPicnic, $495M
Sat 22 Nov0$0K
Sun 23 Nov0$0K
Mon 24 Nov18$876MX-energy, $700M
Tue 25 Nov25$206MOverstory, $43M
Wed 26 Nov23$154MEasycep, $45M
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