Monthly edition

July 2026

227 rounds and $23.7B raised. The biggest: Moonshot AI, $3.5B.

Compared with June 2026

Rounds
227 -8%
Capital raised
$23.7B -79%
Median round
$20M -32%

The month in charts

AI took 55% of the capital this month, down from 79% in June. $23.7B in all, down 79% on June.

Mega-rounds against the rest

54 of 227 rounds made 86% of the capital.

24% of the rounds were of $100M or more 24%of the rounds54 of 22786% of the capital came from rounds of $100M or more 86%of the capital$20.3B of $23.7B
Rounds of $100M or more, July 2026
RoundsCapital
$100M or more54$20.3B
The rest173$3.3B

Capital raised per day

The busiest day: Thu 30 Jul, $5.8B across 14 rounds.

Capital raised per day, July 2026 Wed 1 Jul: $417M, 11 rounds; Thu 2 Jul: $404M, 6 rounds; Fri 3 Jul: $2.2B, 6 rounds; Sat 4 Jul: $29M, 2 rounds; Sun 5 Jul: $3M, 1 round; Mon 6 Jul: $458M, 9 rounds; Tue 7 Jul: $1.1B, 15 rounds; Wed 8 Jul: $372M, 6 rounds; Thu 9 Jul: $789M, 18 rounds; Fri 10 Jul: $80M, 3 rounds; Sat 11 Jul: $7.2M, 2 rounds; Sun 12 Jul: $50M, 1 round; Mon 13 Jul: $2B, 8 rounds; Tue 14 Jul: $1.3B, 12 rounds; Wed 15 Jul: $1.4B, 10 rounds; Thu 16 Jul: $3.1B, 9 rounds; Fri 17 Jul: $24.3M, 3 rounds; Sat 18 Jul: $40M, 1 round; Sun 19 Jul: $173M, 3 rounds; Mon 20 Jul: $258M, 10 rounds; Tue 21 Jul: $649M, 10 rounds; Wed 22 Jul: $1.3B, 14 rounds; Thu 23 Jul: $660M, 13 rounds; Fri 24 Jul: $96.1M, 5 rounds; Sat 25 Jul: $0K, 0 rounds; Sun 26 Jul: $0K, 0 rounds; Mon 27 Jul: $66.7M, 6 rounds; Tue 28 Jul: $273M, 11 rounds; Wed 29 Jul: $527M, 16 rounds; Thu 30 Jul: $5.8B, 14 rounds; Fri 31 Jul: $71.1M, 2 rounds $2B$4B$6B 1 6 13 20 27 $5.8B W27$3.1B W28$2.9B W29$8B W30$3B W31$6.8B
Capital raised per day, July 2026
DayRoundsCapitalBiggest round
Wed 1 Jul11$417MTwelveLabs, $100M
Thu 2 Jul6$404MCelea Therapeutics, $180M
Fri 3 Jul6$2.2BQuantum Systems, $1.2B
Sat 4 Jul2$29MLinqAlpha, $22M
Sun 5 Jul1$3MDeepAgro, $3M
Mon 6 Jul9$458MSkello, $228M
Tue 7 Jul15$1.1BProxima Fusion, $470M
Wed 8 Jul6$372MPrime Intellect, $130M
Thu 9 Jul18$789MKraken Technology Group, $175M
Fri 10 Jul3$80MVendelux, $50M
Sat 11 Jul2$7.2MthumpN, $3.8M
Sun 12 Jul1$50MAuger, $50M
Mon 13 Jul8$2BHelsing, $1.8B
Tue 14 Jul12$1.3BPixVerse, $439M
Wed 15 Jul10$1.4BNeko Health, $699M
Thu 16 Jul9$3.1BFireworks, $1.5B
Fri 17 Jul3$24.3MCytronic, $13.5M
Sat 18 Jul1$40MGreenjets, $40M
Sun 19 Jul3$173MEmergent, $130M
Mon 20 Jul10$258MNeo, $100M
Tue 21 Jul10$649MCuspAI, $450M
Wed 22 Jul14$1.3BMeshy, $400M
Thu 23 Jul13$660MEtched, $300M
Fri 24 Jul5$96.1MMoa Technology, $29.5M
Sat 25 Jul0$0K
Sun 26 Jul0$0K
Mon 27 Jul6$66.7MFlourish Health, $26M
Tue 28 Jul11$273MDwelly, $95M
Wed 29 Jul16$527MThreatLocker, $190M
Thu 30 Jul14$5.8BMoonshot AI, $3.5B
Fri 31 Jul2$71.1MRatio Therapeutics, $70M

Where the capital went

AI raised $13B, 55% of the capital. Choose a sector to filter the rounds below.

Capital by sector, July 2026 55% AI AI $13B 90 rounds 55% Health $2.1B 26 rounds 9% Cybersecurity $1.7B 7 rounds 7% Climate & Energy $1.7B 8 rounds 7% Robotics & Hardware $1B 15 rounds 4% Other sectors $4.2B 81 rounds 18%
Capital by sector, July 2026
SectorCapitalShareRounds
AI$13B55%90
Health$2.1B9%26
Other$1.9B8%43
Cybersecurity$1.7B7%7
Climate & Energy$1.7B7%8
Robotics & Hardware$1B4%15
Fintech$1B4%17
Consumer$708M3%7
Enterprise software$536M2%14

The 10 biggest rounds

The 10 biggest rounds raised $12.1B, 51% of the total.

The 10 biggest rounds, July 2026Moonshot AI: $3.5B; Helsing: $1.8B; Fireworks: $1.5B; Quantum Systems: $1.2B; Commonwealth Fusion Systems: $1B; Together AI: $800M; Neko Health: $699M; Wonder: $650M; Proxima Fusion: $470M; Function: $450M Moonshot AI $3.5B · Series F Helsing $1.8B · Series E Fireworks $1.5B · Series D Quantum Systems $1.2B C Commonwealth Fusion Systems $1B · Growth Together AI $800M · Series C Neko Health $699M · Series C Wonder $650M · Series D Proxima Fusion $470M Function $450M · Growth

Everyone who raised

227 companies raised $23.7B. A bigger tile is a bigger round.

Every company that raised, July 2026CPEQLRPOPLSSThe 57 biggest rounds, July 2026CPEQ

The 57 biggest of 227. Open on a wider screen for all of them, or see every round below.

Most active investors

Index Ventures joined 10 rounds, leading 5, more than any other investor.

Most active investors, July 2026Index Ventures: 10 rounds, 5 led; Y Combinator: 10 rounds, 0 led; Accel: 7 rounds, 5 led; Sequoia Capital: 6 rounds, 4 led; Khosla Ventures: 6 rounds, 4 led; Lux Capital: 6 rounds, 3 led; Bessemer Venture Partners: 5 rounds, 3 led; Battery Ventures: 5 rounds, 3 led; General Catalyst: 5 rounds, 1 led; Alumni Ventures: 5 rounds, 0 ledLedJoined Index Ventures 10 rounds · 5 led Y Combinator 10 rounds Accel 7 rounds · 5 led Sequoia Capital 6 rounds · 4 led Khosla Ventures 6 rounds · 4 led Lux Capital 6 rounds · 3 led Bessemer Venture Partners 5 rounds · 3 led Battery Ventures 5 rounds · 3 led General Catalyst 5 rounds · 1 led Alumni Ventures 5 rounds

The investor race

Ranked by rounds joined so far. Index Ventures finished first with 10 rounds over July 2026.

The investor race, July 2026Index Ventures: ranks 1, 1, 1, 1, 1, 10 rounds; Y Combinator: ranks 4, 3, 3, 2, 2, 10 rounds; Accel: ranks 2, 4, 4, 4, 3, 7 rounds; Sequoia Capital: ranks 3, 5, 5, 3, 4, 6 rounds; Khosla Ventures: ranks 5, 2, 2, 5, 5, 6 rounds W27W28W29W30W31 Index Ventures 10 rounds · 5 led Y Combinator 10 rounds Accel 7 rounds · 5 led Sequoia Capital 6 rounds · 4 led Khosla Ventures 6 rounds · 4 led
Rounds joined so far, July 2026
InvestorWeek 27Week 28Week 29Week 30Week 31
Index Ventures358910
Y Combinator025710
Accel11367
Sequoia Capital11366
Khosla Ventures02556

Where the rounds were

China raised $3.6B, 15% of the capital. Rounds in 24 countries, 138 with no country disclosed.

Capital by country, July 2026China: $3.6B; United States: $2.6B; Germany: $2.5B; Sweden: $702M; France: $335M; United Kingdom: $333M; Singapore: $125M; Venezuela: $100M; India: $81M; Portugal: $55.7M; Israel: $45M; Switzerland: $35.5M China $3.6B · 2 rounds United States $2.6B · 29 rounds Germany $2.5B · 9 rounds Sweden $702M · 2 rounds France $335M · 4 rounds United Kingdom $333M · 14 rounds Singapore $125M · 1 round Venezuela $100M · 1 round

The cities that raised

Beijing raised $3.5B, more than all of North America ($2.6B). Rounds from 56 cities.

Capital by city, July 2026Beijing: $3.5B; Munich: $2.4B; New York: $1.5B; San Mateo: $1.5B; San Francisco: $1B; Devens: $1B; Singapore: $994M; Boston: $686M; Austin: $565M; Sunnyvale: $400M; Tel Aviv: $375M; London: $361M Beijing $3.5B · 2 rounds Munich $2.4B · 5 rounds New York $1.5B · 19 rounds San Mateo $1.5B · 1 round San Francisco $1B · 21 rounds Devens $1B · 1 round

Rounds by stage

Seed was the most common stage: 59 rounds, median $5.5M. The median round size is under each column.

Rounds by stage, July 2026 13 Pre $3M 59 Seed $5.5M 45 A $18M 17 B $91M 12 C $101M 8 D $135M 3 E+ $1.8B 6 Growth $113M 64 Other $37M
Rounds by stage, July 2026
StageRoundsMedian round
Pre-Seed13$3M
Seed59$5.5M
Series A45$18M
Series B17$91M
Series C12$101M
Series D8$135M
Series E+3$1.8B
Growth6$113M
Other or undisclosed64$36.5M

Sectors against June 2026

Biggest gain: Cybersecurity, +$1.6B. Biggest drop: AI, -$74B. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, July 2026 against June 2026Cybersecurity: +$1.6B; Climate & Energy: +$878M; Health: +$540M; Consumer: +$506M; Fintech: -$1.1B; Other: -$1.7B; Robotics & Hardware: -$3B; Enterprise software: -$10.2B; AI: -$74B Cybersecurity +$1.6B ×25 Climate & Energy +$878M +110% Health +$540M +36% Consumer +$506M ×3.5 Fintech -$1.1B -52% Other -$1.7B -47% Robotics & Hardware -$3B -74% Enterprise software -$10.2B -95% AI -$74B -85%
Sectors against June 2026
SectorsJuly 2026June 2026Change
Cybersecurity$1.7B$66M+$1.6B
Climate & Energy$1.7B$802M+$878M
Health$2.1B$1.5B+$540M
Consumer$708M$203M+$506M
Fintech$1B$2.1B-$1.1B
Other$1.9B$3.7B-$1.7B
Robotics & Hardware$1B$4.1B-$3B
Enterprise software$536M$10.7B-$10.2B
AI$13B$87B-$74B

Countries against June 2026

Biggest gain: Sweden, +$699M. Biggest drop: United States, -$65.7B. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, July 2026 against June 2026Sweden: +$699M; Germany: +$139M; Netherlands: -$359M; France: -$372M; United Kingdom: -$571M; India: -$1.4B; Singapore: -$4.4B; United States: -$65.7B Sweden +$699M ×234 Germany +$139M +6% Netherlands -$359M -94% France -$372M -53% United Kingdom -$571M -63% India -$1.4B -94% Singapore -$4.4B -97% United States -$65.7B -96%
Countries against June 2026
CountriesJuly 2026June 2026Change
Sweden$702M$3M+$699M
Germany$2.5B$2.3B+$139M
Netherlands$23.3M$382M-$359M
France$335M$707M-$372M
United Kingdom$333M$904M-$571M
India$81M$1.5B-$1.4B
Singapore$125M$4.5B-$4.4B
United States$2.6B$68.2B-$65.7B

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