Weekly edition · Week 24

9 to 15 June 2025

124 rounds and $3.7B raised. The biggest: Cyera, $540M.

Rounds
124 -2%
Capital raised
$3.7B -46%
Median round
$10.5M +8%

vs the week of 2 to 8 Jun · 4-week average $6.9B-46%

The week in charts

AI took 52% of the capital this week, down from 58% the week of 2 to 8 Jun. $3.7B in all, down 46% on the week of 2 to 8 Jun.

The 10 biggest rounds

The 10 biggest rounds raised $1.8B, 48% of the total.

The 10 biggest rounds, 9 to 15 June 2025Cyera: $540M; Multiverse Computing: $219M; Meter: $170M; Glean: $150M; Proxima Fusion: $149M; SpliceBio: $135M; Gecko Robotics: $125M; Horizon3.ai: $100M; Laurel: $100M; Linear: $82M Cyera $540M · Series E Multiverse Computing $219M · Series B Meter $170M · Series C Glean $150M · Series F Proxima Fusion $149M · Series A SpliceBio $135M · Series B Gecko Robotics $125M · Series D Horizon3.ai $100M · Series D Laurel $100M · Series C Linear $82M · Series C

Mega-rounds against the rest

9 of 124 rounds made 45% of the capital.

7% of the rounds were of $100M or more 7%of the rounds9 of 12445% of the capital came from rounds of $100M or more 45%of the capital$1.7B of $3.7B
Rounds of $100M or more, 9 to 15 June 2025
RoundsCapital
$100M or more9$1.7B
The rest115$2B

Capital raised per day

The busiest day: Wed 11 Jun, $1.2B across 27 rounds.

Capital raised per day, 9 to 15 June 2025 Mon 9 Jun: $559M, 22 rounds; Tue 10 Jun: $817M, 34 rounds; Wed 11 Jun: $1.2B, 27 rounds; Thu 12 Jun: $1B, 30 rounds; Fri 13 Jun: $100M, 9 rounds; Sat 14 Jun: $0K, 0 rounds; Sun 15 Jun: $51.7M, 2 rounds $500M$1B$1.5B Mon 9 Tue 10 Wed 11 Thu 12 Fri 13 Sat 14 Sun 15 $1.2B
Capital raised per day, 9 to 15 June 2025
DayRoundsCapitalBiggest round
Mon 9 Jun22$559MMosanna Therapeutics, $80M
Tue 10 Jun34$817MGlean, $150M
Wed 11 Jun27$1.2BCyera, $540M
Thu 12 Jun30$1BMultiverse Computing, $219M
Fri 13 Jun9$100MYupp, $33M
Sat 14 Jun0$0K
Sun 15 Jun2$51.7MAspora, $50M

Where the capital went

AI raised $1.9B, 52% of the capital. Choose a sector to filter the rounds below.

Capital by sector, 9 to 15 June 2025 52% AI AI $1.9B 47 rounds 52% Fintech $359M 15 rounds 10% Robotics & Hardware $341M 11 rounds 9% Health $315M 11 rounds 8% Enterprise software $252M 12 rounds 7% Other sectors $516M 28 rounds 14%
Capital by sector, 9 to 15 June 2025
SectorCapitalShareRounds
AI$1.9B52%47
Fintech$359M10%15
Robotics & Hardware$341M9%11
Health$315M8%11
Enterprise software$252M7%12
Climate & Energy$180M5%7
Cybersecurity$116M3%3
Other$106M3%6
Web3$94.9M3%8
Consumer$18.8M<1%4

Most active investors

Y Combinator joined 6 rounds, more than any other investor.

Most active investors, 9 to 15 June 2025Y Combinator: 6 rounds, 0 led; Sequoia Capital: 4 rounds, 1 led; Cherry Ventures: 3 rounds, 2 led; SignalFire: 3 rounds, 2 led; Lightspeed Venture Partners: 3 rounds, 1 led; Insight Partners: 3 rounds, 1 led; Octopus Ventures: 3 rounds, 1 led; EQT Life Sciences: 2 rounds, 2 led; Accel: 2 rounds, 2 led; VMG Partners: 2 rounds, 2 ledLedJoined Y Combinator 6 rounds Sequoia Capital 4 rounds · 1 led Cherry Ventures 3 rounds · 2 led SignalFire 3 rounds · 2 led Lightspeed Venture Partners 3 rounds · 1 led Insight Partners 3 rounds · 1 led Octopus Ventures 3 rounds · 1 led EQT Life Sciences 2 rounds · 2 led Accel 2 rounds · 2 led VMG Partners 2 rounds · 2 led

Where the rounds were

United States raised $2.2B, 59% of the capital. Rounds in 25 countries.

Capital by country, 9 to 15 June 2025United States: $2.2B; Spain: $432M; Germany: $258M; United Kingdom: $160M; France: $124M; Israel: $122M; India: $111M; Switzerland: $80M; Netherlands: $67.6M; Canada: $25.1M; New Zealand: $25M; South Korea: $19.2M United States $2.2B · 45 rounds Spain $432M · 5 rounds Germany $258M · 9 rounds United Kingdom $160M · 8 rounds France $124M · 9 rounds Israel $122M · 6 rounds India $111M · 12 rounds Switzerland $80M · 1 round

The cities that raised

New York raised $782M, more than all of Asia ($255M). Rounds from 36 cities.

Capital by city, 9 to 15 June 2025New York: $782M; San Francisco: $672M; Barcelona: $211M; London: $160M; Munich: $159M; Palo Alto: $158M; Pittsburgh: $125M; Bengaluru: $106M; Basel: $80M; Paris: $77.9M; Berlin: $70.5M; Tel Aviv: $61.6M New York $782M · 11 rounds San Francisco $672M · 9 rounds Barcelona $211M · 3 rounds London $160M · 8 rounds Munich $159M · 3 rounds Palo Alto $158M · 2 rounds

Rounds by stage

Seed was the most common stage: 34 rounds, median $5M. The median round size is under each column.

Rounds by stage, 9 to 15 June 2025 8 Pre $1.1M 34 Seed $5M 31 A $17M 17 B $34M 5 C $82M 5 D $80M 3 E+ $150M 2 Growth $29M 19 Other $6M
Rounds by stage, 9 to 15 June 2025
StageRoundsMedian round
Pre-Seed8$1.1M
Seed34$5M
Series A31$17M
Series B17$34.3M
Series C5$82M
Series D5$80M
Series E+3$150M
Growth2$28.9M
Other or undisclosed19$6M

Sectors against the week of 2 to 8 Jun

Biggest gain: Web3, +$83.4M. Biggest drop: AI, -$2.1B. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, 9 to 15 June 2025 against the week of 2 to 8 JunWeb3: +$83.4M; Health: +$76.9M; Enterprise software: +$17.5M; Cybersecurity: +$16.4M; Robotics & Hardware: -$34M; Climate & Energy: -$99.8M; Consumer: -$212M; Fintech: -$295M; Other: -$678M; AI: -$2.1B Web3 +$83.4M ×8.2 Health +$76.9M +32% Enterprise software +$17.5M +7% Cybersecurity +$16.4M +17% Robotics & Hardware -$34M -9% Climate & Energy -$99.8M -36% Consumer -$212M -92% Fintech -$295M -45% Other -$678M -86% AI -$2.1B -52%
Sectors against the week of 2 to 8 Jun
Sectors9 to 15 June 2025the week of 2 to 8 JunChange
Web3$94.9M$11.6M+$83.4M
Health$315M$238M+$76.9M
Enterprise software$252M$234M+$17.5M
Cybersecurity$116M$99.6M+$16.4M
Robotics & Hardware$341M$375M-$34M
Climate & Energy$180M$280M-$99.8M
Consumer$18.8M$231M-$212M
Fintech$359M$654M-$295M
Other$106M$784M-$678M
AI$1.9B$4B-$2.1B

Countries against the week of 2 to 8 Jun

Biggest gain: Spain, +$303M. Biggest drop: United States, -$3.2B. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, 9 to 15 June 2025 against the week of 2 to 8 JunSpain: +$303M; Switzerland: +$59.3M; Israel: +$22.6M; France: -$7.4M; Germany: -$38.4M; United Kingdom: -$58.1M; India: -$186M; United States: -$3.2B Spain +$303M ×3.3 Switzerland +$59.3M ×3.9 Israel +$22.6M +23% France -$7.4M -6% Germany -$38.4M -13% United Kingdom -$58.1M -27% India -$186M -63% United States -$3.2B -59%
Countries against the week of 2 to 8 Jun
Countries9 to 15 June 2025the week of 2 to 8 JunChange
Spain$432M$130M+$303M
Switzerland$80M$20.7M+$59.3M
Israel$122M$99M+$22.6M
France$124M$132M-$7.4M
Germany$258M$296M-$38.4M
United Kingdom$160M$218M-$58.1M
India$111M$298M-$186M
United States$2.2B$5.4B-$3.2B
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