Monthly edition

January 2026

187 rounds and $37.8B raised. The biggest: xAI, $20B.

No rounds on December 2025 to compare with

Rounds
187 new
Capital raised
$37.8B new
Median round
$28M new

The month in charts

AI took 73% of the capital this month. xAI alone raised $20B, 53% of it.

Mega-rounds against the rest

53 of 187 rounds made 92% of the capital.

28% of the rounds were of $100M or more 28%of the rounds53 of 18792% of the capital came from rounds of $100M or more 92%of the capital$34.7B of $37.8B
Rounds of $100M or more, January 2026
RoundsCapital
$100M or more53$34.7B
The rest134$3.1B

Capital raised per day

The busiest day: Tue 6 Jan, $20.4B across 9 rounds.

Capital raised per day, January 2026 Thu 1 Jan: $500M, 1 round; Fri 2 Jan: $1.8M, 1 round; Sat 3 Jan: $23.6M, 1 round; Sun 4 Jan: $0K, 0 rounds; Mon 5 Jan: $2B, 3 rounds; Tue 6 Jan: $20.4B, 9 rounds; Wed 7 Jan: $578M, 9 rounds; Thu 8 Jan: $986M, 6 rounds; Fri 9 Jan: $630M, 4 rounds; Sat 10 Jan: $103M, 1 round; Sun 11 Jan: $140M, 1 round; Mon 12 Jan: $657M, 7 rounds; Tue 13 Jan: $1.4B, 13 rounds; Wed 14 Jan: $1.7B, 5 rounds; Thu 15 Jan: $229M, 7 rounds; Fri 16 Jan: $57.5M, 5 rounds; Sat 17 Jan: $0K, 0 rounds; Sun 18 Jan: $5M, 1 round; Mon 19 Jan: $75.2M, 7 rounds; Tue 20 Jan: $1.7B, 18 rounds; Wed 21 Jan: $1B, 13 rounds; Thu 22 Jan: $978M, 13 rounds; Fri 23 Jan: $177M, 5 rounds; Sat 24 Jan: $9M, 1 round; Sun 25 Jan: $7M, 1 round; Mon 26 Jan: $1.8B, 12 rounds; Tue 27 Jan: $354M, 16 rounds; Wed 28 Jan: $183M, 9 rounds; Thu 29 Jan: $612M, 11 rounds; Fri 30 Jan: $1.3B, 7 rounds; Sat 31 Jan: $0K, 0 rounds $10B$20B$30B 1 5 12 19 26 $20.4B W1$525M W2$24.9B W3$4.1B W4$4B W5$4.3B
Capital raised per day, January 2026
DayRoundsCapitalBiggest round
Thu 1 Jan1$500MMoonshot AI, $500M
Fri 2 Jan1$1.8MMoto Finance, $1.8M
Sat 3 Jan1$23.6MKnight Fintech, $23.6M
Sun 4 Jan0$0K
Mon 5 Jan3$2BDayOne Data Centers, $2B
Tue 6 Jan9$20.4BxAI, $20B
Wed 7 Jan9$578MSoley Therapeutics, $200M
Thu 8 Jan6$986MCyera, $400M
Fri 9 Jan4$630MRain, $250M
Sat 10 Jan1$103MKinaset Therapeutics, $103M
Sun 11 Jan1$140MTorq, $140M
Mon 12 Jan7$657MMirador, $250M
Tue 13 Jan13$1.4BEtched, $500M
Wed 14 Jan5$1.7BSkild AI, $1.4B
Thu 15 Jan7$229MMytra, $120M
Fri 16 Jan5$57.5MFleetzero, $43M
Sat 17 Jan0$0K
Sun 18 Jan1$5MAkedo, $5M
Mon 19 Jan7$75.2MEtherealX, $20.5M
Tue 20 Jan18$1.7BHumans&, $480M
Wed 21 Jan13$1BOpenEvidence, $250M
Thu 22 Jan13$978MCORXEL, $287M
Fri 23 Jan5$177MCyclic Materials, $75M
Sat 24 Jan1$9MTitan Dynamics, $9M
Sun 25 Jan1$7MOpen CX, $7M
Mon 26 Jan12$1.8BStepFun, $717M
Tue 27 Jan16$354MLunar, $54.9M
Wed 28 Jan9$183MFactify, $73M
Thu 29 Jan11$612MGenspark, $300M
Fri 30 Jan7$1.3BWaabi, $750M
Sat 31 Jan0$0K

Where the capital went

AI raised $27.4B, 73% of the capital. Choose a sector to filter the rounds below.

Capital by sector, January 2026 73% AI AI $27.4B 59 rounds 73% Enterprise software $3.4B 20 rounds 9% Robotics & Hardware $2B 18 rounds 5% Health $1.6B 15 rounds 4% Fintech $1.1B 17 rounds 3% Other sectors $2.3B 58 rounds 6%
Capital by sector, January 2026
SectorCapitalShareRounds
AI$27.4B73%59
Enterprise software$3.4B9%20
Robotics & Hardware$2B5%18
Health$1.6B4%15
Other$1.5B4%39
Fintech$1.1B3%17
Cybersecurity$463M1%5
Climate & Energy$272M<1%7
Consumer$128M<1%7

The 10 biggest rounds

The 10 biggest rounds raised $27.1B, 72% of the total.

The 10 biggest rounds, January 2026xAI: $20B; DayOne Data Centers: $2B; Skild AI: $1.4B; Waabi: $750M; StepFun: $717M; Etched: $500M; Moonshot AI: $500M; Humans&: $480M; Cyera: $400M; Parabilis Medicines: $305M xAI $20B · Series E D DayOne Data Centers $2B · Series C Skild AI $1.4B Waabi $750M StepFun $717M Etched $500M Moonshot AI $500M Humans& $480M · Seed Cyera $400M · Series F P Parabilis Medicines $305M

Everyone who raised

187 companies raised $37.8B. A bigger tile is a bigger round.

Every company that raised, January 2026DPOMGXCSVPDFTFCCEPALAAPFATARASMMISThe 63 biggest rounds, January 2026DPOMGXCS

The 63 biggest of 187. Open on a wider screen for all of them, or see every round below.

Most active investors

Lightspeed Venture Partners joined 14 rounds, leading 5, more than any other investor.

Most active investors, January 2026Lightspeed Venture Partners: 14 rounds, 5 led; Y Combinator: 11 rounds, 3 led; Sequoia Capital: 8 rounds, 2 led; Bessemer Venture Partners: 7 rounds, 2 led; Accel: 6 rounds, 1 led; Khosla Ventures: 5 rounds, 3 led; Coatue: 4 rounds, 2 led; DST Global: 4 rounds, 2 led; Insight Partners: 4 rounds, 1 led; 8VC: 4 rounds, 1 ledLedJoined Lightspeed Venture Partners 14 rounds · 5 led Y Combinator 11 rounds · 3 led Sequoia Capital 8 rounds · 2 led Bessemer Venture Partners 7 rounds · 2 led Accel 6 rounds · 1 led Khosla Ventures 5 rounds · 3 led Coatue 4 rounds · 2 led DST Global 4 rounds · 2 led Insight Partners 4 rounds · 1 led 8VC 4 rounds · 1 led

The investor race

Ranked by rounds joined so far. Lightspeed Venture Partners finished first with 14 rounds over January 2026. The lead changed hands once.

The investor race, January 2026Lightspeed Venture Partners: ranks 2, 1, 1, 1, 1, 14 rounds; Y Combinator: ranks 3, 4, 3, 2, 2, 11 rounds; Sequoia Capital: ranks 4, 5, 4, 4, 3, 8 rounds; Bessemer Venture Partners: ranks 5, 2, 2, 3, 4, 7 rounds; Accel: ranks 1, 3, 5, 5, 5, 6 rounds W1W2W3W4W5 Lightspeed Venture Pa… 14 rounds · 5 led Y Combinator 11 rounds · 3 led Sequoia Capital 8 rounds · 2 led Bessemer Venture Part… 7 rounds · 2 led Accel 6 rounds · 1 led
Rounds joined so far, January 2026
InvestorWeek 1Week 2Week 3Week 4Week 5
Lightspeed Venture Partners046914
Y Combinator024811
Sequoia Capital01348
Bessemer Venture Partners03567
Accel12246

Where the rounds were

United States raised $21.9B, 58% of the capital. Rounds in 19 countries, 142 with no country disclosed.

Capital by country, January 2026United States: $21.9B; China: $1.4B; Canada: $829M; France: $205M; Australia: $186M; India: $143M; Germany: $100M; Israel: $73M; Argentina: $55M; Denmark: $54.9M; Italy: $53M; United Kingdom: $42M United States $21.9B · 13 rounds China $1.4B · 3 rounds Canada $829M · 3 rounds France $205M · 1 round Australia $186M · 2 rounds India $143M · 6 rounds Germany $100M · 1 round Israel $73M · 1 round

The cities that raised

Singapore raised $2B, more than all of Europe ($455M). Rounds from 49 cities.

Capital by city, January 2026Singapore: $2B; Pittsburgh: $1.4B; Toronto: $829M; Shanghai: $717M; Palo Alto: $650M; New York: $414M; San Francisco: $378M; London: $347M; Menlo Park: $325M; Amsterdam: $300M; Miami: $250M; San Diego: $250M Singapore $2B · 1 round Pittsburgh $1.4B · 1 round Toronto $829M · 3 rounds Shanghai $717M · 1 round Palo Alto $650M · 4 rounds New York $414M · 11 rounds

Rounds by stage

Seed was the most common stage: 38 rounds, median $5M. The median round size is under each column.

Rounds by stage, January 2026 9 Pre $1.8M 38 Seed $5M 27 A $21M 21 B $83M 13 C $115M 4 D $115M 5 E+ $199M 70 Other $46M
Rounds by stage, January 2026
StageRoundsMedian round
Pre-Seed9$1.8M
Seed38$5M
Series A27$20.5M
Series B21$82.5M
Series C13$115M
Series D4$115M
Series E+5$199M
Other or undisclosed70$46M

All rounds

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