Weekly edition · Week 26
23 to 29 June 2025
118 rounds and $3.4B raised. The biggest: Abridge, $300M.
- Rounds
- 118 +4%
- Capital raised
- $3.4B +3%
- Median round
- $10.3M +49%
vs the week of 16 to 22 Jun · 4-week average $4.7B-26%
The week in charts
AI took 48% of the capital this week, up from 45% the week of 16 to 22 Jun. $3.4B in all, up 3% on the week of 16 to 22 Jun.
The 10 biggest rounds
The 10 biggest rounds raised $1.6B, 48% of the total.
Mega-rounds against the rest
10 of 118 rounds made 48% of the capital.
| Rounds | Capital | |
|---|---|---|
| $100M or more | 10 | $1.6B |
| The rest | 108 | $1.8B |
Capital raised per day
The busiest day: Tue 24 Jun, $1.2B across 41 rounds.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| Mon 23 Jun | 20 | $1B | Harvey, $300M |
| Tue 24 Jun | 41 | $1.2B | Abridge, $300M |
| Wed 25 Jun | 25 | $793M | Kalshi, $185M |
| Thu 26 Jun | 22 | $339M | UniUni, $70M |
| Fri 27 Jun | 10 | $93.7M | Gensmo, $60M |
| Sat 28 Jun | 0 | $0K | |
| Sun 29 Jun | 0 | $0K |
Where the capital went
AI raised $1.6B, 48% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $1.6B | 48% | 50 |
| Fintech | $480M | 14% | 9 |
| Health | $326M | 10% | 11 |
| Climate & Energy | $251M | 7% | 11 |
| Robotics & Hardware | $214M | 6% | 8 |
| Web3 | $197M | 6% | 3 |
| Consumer | $104M | 3% | 8 |
| Other | $77.8M | 2% | 5 |
| Enterprise software | $75.1M | 2% | 11 |
| Cybersecurity | $61.9M | 2% | 2 |
Most active investors
Sequoia Capital joined 5 rounds, more than any other investor.
The investor race, last 4 weeks
Ranked by rounds joined so far. Sequoia Capital finished first with 14 rounds over the last 4 weeks. The lead changed hands twice.
| Investor | Week 23 | Week 24 | Week 25 | Week 26 |
|---|---|---|---|---|
| Sequoia Capital | 2 | 6 | 9 | 14 |
| General Catalyst | 0 | 2 | 8 | 12 |
| Y Combinator | 2 | 8 | 9 | 10 |
| Accel | 1 | 3 | 5 | 9 |
| Khosla Ventures | 1 | 3 | 8 | 9 |
Where the rounds were
United States raised $2B, 59% of the capital. Rounds in 20 countries.
The cities that raised
San Francisco raised $568M, more than all of Asia ($370M). Rounds from 41 cities.
Rounds by stage
Seed was the most common stage: 40 rounds, median $4.6M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 12 | $1.5M |
| Seed | 40 | $4.6M |
| Series A | 27 | $12M |
| Series B | 16 | $32M |
| Series C | 6 | $98M |
| Series D | 4 | $83.3M |
| Series E+ | 2 | $300M |
| Growth | 2 | $21M |
| Other or undisclosed | 9 | $6.3M |
Sectors against the week of 16 to 22 Jun
Biggest gain: Fintech, +$262M. Biggest drop: Climate & Energy, -$463M. Change in capital raised. Only where both periods have rounds.
| Sectors | 23 to 29 June 2025 | the week of 16 to 22 Jun | Change |
|---|---|---|---|
| Fintech | $480M | $218M | +$262M |
| AI | $1.6B | $1.5B | +$133M |
| Web3 | $197M | $71.2M | +$126M |
| Consumer | $104M | $57.4M | +$46.7M |
| Health | $326M | $280M | +$46.4M |
| Robotics & Hardware | $214M | $195M | +$19.1M |
| Other | $77.8M | $84.2M | -$6.4M |
| Enterprise software | $75.1M | $210M | -$135M |
| Climate & Energy | $251M | $714M | -$463M |
Countries against the week of 16 to 22 Jun
Biggest gain: United Kingdom, +$203M. Biggest drop: Germany, -$634M. Change in capital raised. Only where both periods have rounds.
| Countries | 23 to 29 June 2025 | the week of 16 to 22 Jun | Change |
|---|---|---|---|
| United Kingdom | $204M | $1.5M | +$203M |
| Canada | $179M | $1.5M | +$178M |
| India | $232M | $55M | +$177M |
| United States | $2B | $1.9B | +$115M |
| Netherlands | $141M | $34.7M | +$106M |
| France | $182M | $155M | +$27M |
| Israel | $136M | $155M | -$19M |
| Germany | $125M | $759M | -$634M |
All rounds
- AbridgeAI medical scribe that turns doctor-patient conversations into clinical notesLed by Andreessen Horowitz, with Khosla Ventures $300MSeries E · United States
- HarveyAI assistant and workflows for lawyers and legal teamsLed by Kleiner Perkins, with Coatue, Sequoia +4 $300MSeries E · United States
- KalshiCFTC-regulated exchange for trading on event outcomesLed by Paradigm, with Sequoia Capital $185MSeries C · United States
- Digital AssetBuilds the Canton Network blockchain for regulated financial institutionsLed by DRW Venture Capital, with Tradeweb Markets, Goldman Sachs +3 $135MStrategic · United States
- PhysicsXAI models and software for physics simulation in engineering and manufacturingLed by Atomico, with Temasek, Siemens +5 $135MSeries B · United Kingdom
- FinomBusiness accounts, invoicing and accounting tools for European SMEsLed by AVP, with Headline, Cogito Capital +2 $132MSeries C · Netherlands
- DecagonAI agents that handle customer service conversations for enterprisesLed by Accel, with Andreessen Horowitz, A* +5 $131MSeries C · United States
- ForSight RoboticsRobotic platform for eye surgery, starting with cataract proceduresLed by Eclipse, with Adani Group, Reiya Ventures +1 $125MSeries B · Israel
- Raphe mPhibrDesigns and manufactures drones and unmanned aircraft in IndiaLed by General Catalyst, with Think Investments $100MSeries B · India
- HalterSolar-powered smart collars for virtual fencing and cattle managementLed by Bond, with NewView Capital, Bessemer Venture Partners +4 $100MSeries D · New Zealand
- Neuron23Precision medicines for neurological and immunological diseases, including Parkinson'sLed by Westlake Village BioPartners, with SoftBank Vision Fund 2, Redmile Group +1 $96.5MSeries D · United States
- Conquest PlanningAI financial planning software used by advisors and banksLed by Growth Equity at Goldman Sachs Alternatives, with Canapi Ventures, BDC Capital +5 $80MSeries B · Canada
- XBOWAutonomous AI system that finds and exploits software vulnerabilitiesLed by Altimeter Capital, with Sequoia Capital, Nat Friedman $75MSeries B · United States
- UniUniGig-powered last-mile parcel delivery across North AmericaLed by Bessemer Venture Partners, with Sinovation Ventures, Redpoint Ventures +2 $70MSeries D · Canada
- LedgebrookExcess and surplus lines insurance carrier platform for commercial risksLed by The Stephens Group, with Duquesne, Brand Foundry +2 $65MSeries C · United States
- Tacta SystemsTactile sensing and dextrous intelligence systems for robotsLed by America's Frontier Fund, with SBVA, Woven Capital +1 $64MSeries A · United States
- GIVADirect-to-consumer silver, gold and lab-grown diamond jewellery brandLed by Creaegis, with Premji Invest, Epiq Capital $61.6MSeries C · India
- GensmoAI fashion agent for outfit search and shopping $60MSeed · United States
- CentificData and human-in-the-loop services to train and test AI modelsLed by Granite Asia $60MSeries A · United States
- ClearspeedVoice-based risk assessment for insurance and national securityLed by Align Private Capital, with IronGate Capital Advisors, Bravo Victor Venture Capital +1 $60MSeries D · United States
- ZamaFully homomorphic encryption tools for confidential blockchains and AILed by Pantera Capital, with Blockchange Ventures $57MSeries B · France
- CertifyProvider data services: credentialing, licensing and monitoring for health plansLed by Transformation Capital, with General Catalyst, Upfront Ventures +1 $40MSeries B · United States
- OpenRouterUnified API to access and route requests across many AI modelsLed by Andreessen Horowitz, with Menlo Ventures, Sequoia Capital $40MSeries A · United States
- MandolinAI agents that automate paperwork for specialty drug accessLed by Greylock Partners, with SignalFire, Maverick +1 $40MUnited States
- MetaviewAI note-taking and automation for recruiters' interviewsLed by GV, with Plural, Vertex Ventures +1 $35MSeries B · United Kingdom
- NiuralAI-native global PEO, payroll and B2B payments platformLed by Marathon Management Partners, with Alliance DAO, New Form Capital +3 $31MSeries A · United States
- Wispr FlowAI voice dictation app that types what you say across appsLed by Menlo Ventures, with NEA, 8VC $30MSeries A · United States
- ArineAI platform that optimizes patient medication regimens for health plansLed by Town Hall Ventures, with Kaiser Permanente Ventures $30MSeries C · United States
- SpinwheelReal-time consumer credit and debt data APIs for lenders and fintechsLed by F-Prime, with QED Investors, Foundation Capital +1 $30MSeries A · United States
- OrusOnline professional insurance for small and medium businessesLed by Singular, with Notion Capital, Redstone $29MSeries B · France
- MelvanDevelops, builds and operates solar and wind power plants in FranceLed by Bpifrance (FIEE 2), with IDIA Capital Investissement, Sofilaro +1 $29MGrowth · France
- BotpressPlatform for building and deploying AI agents and chatbotsLed by FRAMEWORK Venture Partners, with Inovia Capital, Deloitte Ventures +2 $25MSeries B · Canada
- EnterDigital energy audits and renovation planning for residential buildingsLed by Partech, with Coatue, noa +3 $23.2MSeries B · Germany
- ZeeloEmployer and school bus transport-as-a-service with routing softwareLed by Blue Earth Capital, with Direttissima Growth Partners, Peter Bauer family office $23MSeries B · United Kingdom
- Snowcap ComputeSuperconducting logic chips for AI and quantum computingLed by Playground Global, with Cambium Capital, Vsquared Ventures $23MSeed · United States
- NovoloopUpcycles plastic waste into high-performance materials such as TPULed by Taranis, with Valo Ventures, SHOP Limited $21MSeries B · United States
- ShopOSAI operating system automating content and marketing for e-commerce brandsLed by 3STATE Ventures $20MSeed · India
- Synthflow AINo-code platform to build AI voice agents for phone callsLed by Accel, with Atlantic Labs, Singular $20MSeries A · Germany
- ParaformMarketplace connecting companies with independent recruiters, powered by AI toolsLed by Felicis, with A*, BOND +1 $20MSeries A · United States
- Elemental Advanced MaterialsTurns hydrocarbon waste into carbon nanomaterials and clean hydrogenLed by Taranis $20MUnited States
- aedifionCloud software that optimizes building energy use and operationsLed by Eurazeo, with Drees & Sommer, World Fund +2 $19.7MSeries B · Germany
- Boost incUnattended retail technology: smart fridges and autonomous storesLed by Direttissima Growth Partners, with Capmont Technology, Kineo Capital $18.7MSeries B · Switzerland
- EverDyeBio-based textile dyeing process that works at room temperatureLed by Crédit Mutuel Innovation, with Daphni, Ring Capital +4 $17.4MSeries A · France
- DataBahn.aiAI-native security data pipeline management for enterprisesLed by Forgepoint Capital, with S3 Ventures, GTM Capital $17MSeries A · United States
- AllSpice.ioGit-style collaboration and design review platform for electrical engineering teamsLed by Rethink Impact, with L'attitude Ventures $15MSeries A · United States
- SibillFinance platform centralizing invoices, payments and cash flow for Italian SMEsLed by Creandum, with Keen Venture Partners $14MSeries A · Italy
- LIDROTECLiquid-assisted laser systems for low-damage chip dicingLed by Lam Capital, with Goose Capital, ZEISS Ventures +2 $13.5MSeries A · Germany
- GoKwikCheckout, payments and conversion tools for D2C e-commerce brandsLed by RTP Global, with Z47, Peak XV Partners +1 $13MGrowth · India
- HandspringVirtual therapy for children, young adults and their familiesLed by Cobalt Ventures, with NextView Ventures, NVP Capital +2 $12MSeries A · United States
- ElfieFree app rewarding people for managing chronic conditions like diabetesLed by White Star Capital, with LifeX Ventures $12MSeries A · Switzerland
- SuperDialAI voice agents that make insurance and admin phone calls for healthcare providersLed by SignalFire, with Slow Ventures, BoxGroup +1 $12MSeries A · United States
- LyceumEuropean sovereign GPU cloud with one-click deployment for AI workloadsLed by redalpine, with 10x Founders $12MPre-Seed · Germany
- ClimatiqCarbon emissions calculation API embedded in business softwareLed by Alstin Capital, with Singular, Cherry Ventures $11.7MSeries A · Germany
- SWARM BiotacticsCyborg insects with sensor backpacks for defence and disaster responseLed by Vertex Ventures US, with Possible Ventures, Capnamic $11.6MSeed · Germany
- Chronicle StudiosStudio creating original entertainment franchises $11.6MSeed · United States
- AudosPlatform funding and helping non-technical founders build AI businessesLed by True Ventures, with Offline Ventures, Bungalow Capital $11.5MSeed · United States
- The Owl AIAI platform that judges and scores judged sports such as X Games eventsLed by S32, with Menlo Ventures, Susa Ventures $11MSeed · United States
- QuinnAI platform that scales financial advisory services for wealth managersLed by Viola FinTech $11MSeed · Israel
- SahiStock and options trading app for Indian retail tradersLed by Accel, with Elevation Capital $10.5MSeries A · India
- QualyticsAugmented data quality platform that automates data monitoring and rulesLed by BMW i Ventures, with Conductive Ventures, The Hill Fund +2 $10MSeries A · United States
- Bonfy.AIAdaptive content security for data shared by humans and AILed by TLV Partners, with Saban Ventures $9.5MSeed · United States
- chatlynAI guest communication platform for hotelsLed by Smedvig Ventures, with Andreas Burike, Blaguss $9.3MSeries A · Austria
- PoliCloudSovereign high-performance cloud using micro data centresLed by Global Ventures, with MI8, OneRagtime +1 $8.8MSeed · France
- DoktarIoT devices and AI software for sustainable farming and traceabilityLed by European Circular Bioeconomy Fund, with Pymwymic, Diffusion Capital Partners $8.7MSeries A · Netherlands
- BrijAgentic AI platform turning offline product interactions into customer relationshipsLed by Bright Pixel Capital, with CEAS Investments $8MVenture · United States
- DejaBluePlatform optimizing flexible energy loads like EV charging and solarLed by redalpine, with Zeno Ventures, Bpifrance $8MSeed · France
- FabheadsRobotic automation for composite fiber manufacturingLed by Accel, with Trifecta Capital $7.7MSeries A · India
- Pro Athlete CommunityEducation and community platform for current and former professional athletesLed by GSV Ventures, with Maveron $7.6MSeries A · United States
- ObviantData platform for defense acquisition, contracting and budgeting intelligenceLed by Shield Capital, with Motivate, A* +3 $7.1MSeed · United States
- ClairaAI deal intelligence platform for private credit funds and banksLed by Barclays, with Citi, Reimagine Tech Ventures +3 $7MSeed · United States
- Axiles BionicsBionic robotic prosthetic foot that replicates natural walkingLed by PE Group, with EIC Fund, finance&invest.brussels $7MSeries A · Belgium
- WilgoGamified AI revision app for French middle and high school studentsLed by Daphni, with Founders Future, Kima Ventures +7 $6.9MSeed · France
- QomonCRM and field organising platform for nonprofits, campaigns and volunteer movementsLed by Asterion Ventures, with Ternel, Good Only Ventures $6.3MVenture · France
- GemistSoftware for jewelry brands to sell customizable pieces online with 3D renderingLed by Entrada Ventures, with The Artemis Fund, Collide Capital $6MSeed · United States
- PhotonPathFabless integrated silicon photonics chips for optical networking and sensingLed by Deep Ocean Capital (DBV, DBVS), with Levante Capital $6MSeries A · Italy
- MotoricaGenerative AI for 3D character motion animationLed by Angular Ventures, with Luminar Ventures $5.8MSeed · Sweden
- GeodAIsicsAI software helping doctors diagnose and prevent chronic diseasesLed by Vidi Capital, with Les Biologistes Indépendants, business angels $5.6MSeries A · France
- ForesightUnified data and AI layer for private market investors and lendersLed by NEA, with KDX Ventures $5.5MSeed · United States
- Spekter GamesWeb3-enhanced mobile games on Telegram Mini AppsLed by a16z speedrun, with LVP, BRV Capital +2 $5MPre-Seed · United States
- DRIMCOAI analysis of technical requirements in industrial tendersLed by Ventech, with Bayern Kapital, Siemens Technology Accelerator $5MPre-Series A · Germany
- Better AuthOpen-source authentication framework for TypeScript developersLed by Peak XV Partners, with Y Combinator, Chapter One +1 $5MSeed · United States
- dermanosticOnline teledermatology consultationsLed by DvH Ventures $4.7MPre-Series A · Germany
- StayVistaLuxury villa rental platform across IndiaLed by JSW Ventures, with DSG Consumer Partners, Capri Global Family Office $4.7MSeries B · India
- RabitatKids drinkware and foodware brand selling bottles and tiffin boxesLed by RPSG Capital, with DSG Consumer Partners, Capital A +1 $4.6MSeries A · India
- VoiceCare AIVoice AI agents that handle payer calls for healthcare back officesLed by Caduceus Capital Partners, with Bread and Butter Ventures, Mayo Clinic $4.5MSeed · United States
- ZILOFashion delivery within 60 minutes with home trialsLed by Info Edge Ventures, with Chiratae Ventures $4.5MSeed · India
- Build ConciergeAI platform handling calls, messages and bookings for service and construction firmsLed by business angels, with Martin Port $4.4MSeed · United Kingdom
- Antler BioGene expression testing to improve dairy herd health and yieldLed by The First Thirty Ventures, with Endgame Capital, Generation-RE $4.3MUnited Kingdom
- NiaHealthClinician-backed preventive health testing on an annual subscriptionLed by Golden Ventures, with The51, Version One Ventures (Boris Wertz) $4.2MSeed · Canada
- Filuta AIComposite AI tools for business planning and automationLed by Rockaway Ventures, with Tarpan Capital, Lion Beat Capital $4.2MSeed · Czech Republic
- NexusMDAI agents that automate administrative tasks for hospital staffLed by Square Peg $4.1MSeed · Australia
- Lux AeternaReusable satellite buses that return to Earth and fly againLed by Space Capital, with Dynamo Ventures, Mission One Capital +1 $4MPre-Seed · United States
- Oria BioscienceMicrofluidic platform producing standardized cell organelles for pharma drug discoveryLed by Newfund, with Galion.exe, Cenitz +1 $3.1MSeed · France
- Waypoint AIAI support engineer that triages and investigates product defectsLed by 42CAP, with Dreamcraft Ventures, Berkeley SkyDeck Fund +1 $3.1MPre-Seed · Czech Republic
- Blank MetalAI engineering firm that moves enterprise AI pilots into productionLed by Rally Ventures, with Traction Capital, Pure Play Partners $3MSeed · United States
- AltertableAI platform unifying data warehouse, product analytics and data analysisLed by 20VC, with Kima Ventures, Drysdale Ventures +2 $2.9MPre-Seed · France
- 23rd Century KidsVirtual entertainment content and charactersLed by KB Investment, with Kakao Ventures $2.8MSeed · South Korea
- PangramDetects AI-generated text for platforms, publishers and educatorsLed by ScOp, with Script Capital, Cadenza $2.7MSeed · United States
- FlowstepAI-native canvas for product design teamsLed by Supernode Global, with Adesso Ventures, Angel Invest +2 $2.6MSeed · Estonia
- OutSeeAI predictive genomics to discover new drug targetsLed by Ahren Innovation Capital, with Kadmos Capital, Empirical Ventures +1 $2.5MSeed · United Kingdom
- Nascent MaterialsCheaper process to make LFP battery cathode materialsLed by SOSV, with New Jersey Innovation Evergreen Fund, UM6P Ventures $2.3MSeed · United States
- HydroclimatClimate and water risk data combining AI and climate big dataLed by Starquest Capital, with Région Sud Investissement $2.2MSeed · France
- traplinkedConnected traps and camera sensors for digital pest monitoringLed by Bayern Kapital, with Scholl Venture Partner, D11Z.Ventures +3 $2.1MSeed · Germany
- GalinkSaaS platform to assess and manage cyber risks from suppliersLed by Auriga Cyber Ventures, with Kima Ventures, Better Angle +2 $1.9MSeed · France
- PaidHRHR and payroll platform for African businesses with cross-border supportLed by Accion Venture Lab, with Zrosk, Chui Ventures +1 $1.8MSeed · Nigeria
- StairlingEmploys ride-hailing drivers on permanent contracts with full social coverageLed by Plug and Play Ventures, with Kima Ventures, Source Ventures +5 $1.7MPre-Seed · France
- FantailB2B textile manufacturer working with Surat weavers and millsLed by Riverwalk Holdings, with Incubate Fund Asia, All In Capital $1.6MSeed · India
- ArmoryAI-driven counter-drone systems on its Samaritan OSLed by growX ventures, with Industrial 47, Antler +2 $1.5MIndia
- FoundItPairs home buyers with local buyers' agents plus market research toolsLed by Frank Greeff, with Jacques Greeff, Peter Matthews +1 $1.3MPre-Seed · Australia
- AnkorData layer that automates payment reconciliation for e-commerce finance teamsLed by Upfin, with Bust Capital $1.3MPre-Seed · Sweden
- TecharenaStartup and tech events and programs connecting founders and investorsLed by BackingMinds $1.2MVenture · Sweden
- OnPartyPlatform connecting nightlife venues, professionals and customersLed by business angels $1.2MSeed · France
- DiagoAI voice agent answering calls and booking workshop appointments for car dealershipsLed by GCAP (Groupement des concessionnaires automobiles Peugeot) $1.2MStrategic · France
- Sthyr EnergyZinc-air batteries for long-duration renewable energy storageLed by Speciale Invest, with Antares Ventures $1MSeed · India
- AuraMLGenerative simulation that builds 3D test environments for industrial robotsLed by Turbostart, with DeVC, GSF Accelerator +1 $1MPre-Seed · India
- SteuerboardCollaboration platform for tax advisors and their business clientsLed by High-Tech Gründerfonds, with SuperAngels Fund, Roland Fassauer $832KPre-Seed · Germany
- CloEEAI software that cuts downtime and waste in process manufacturing plantsLed by Miro Vertanen, with Innovestor Angel Co-fund, Cariplo Iniziative +1 $600KPre-Seed · Finland
- ToysRelovedMarketplace for buying and reselling used children's toysLed by Robert Hein, with Rüdiger Koppelmann, Christian Köhler +2 $211KPre-Seed · Germany
No round matches these filters.