Weekly edition · Week 32

4 to 10 August 2025

93 rounds and $2.4B raised. The biggest: First Due, $355M.

Rounds: 93 +2%
Capital raised: $2.4B -34%
Median round: $7M -50%

vs the week of 28 Jul to 3 Aug · 4-week average $3.6B-35%

The week in charts

AI took 36% of the capital this week, down from 68% the week of 28 Jul to 3 Aug. $2.4B in all, down 34% on the week of 28 Jul to 3 Aug.

The 10 biggest rounds

The 10 biggest rounds raised $1.3B, 55% of the total.

Mega-rounds against the rest

7 of 93 rounds made 46% of the capital.

Rounds of $100M or more, 4 to 10 August 2025
	Rounds	Capital
$100M or more	7	$1.1B
The rest	86	$1.3B

Capital raised per day

The busiest day: Thu 7 Aug, $795M across 22 rounds.

Capital raised per day, 4 to 10 August 2025
Day	Rounds	Capital	Biggest round
Mon 4 Aug	14	$246M	Blue J, $122M
Tue 5 Aug	23	$774M	First Due, $355M
Wed 6 Aug	26	$421M	Rillet, $70M
Thu 7 Aug	22	$795M	Strand Therapeutics, $153M
Fri 8 Aug	6	$29.6M	Monato, $13M
Sat 9 Aug	0	$0K
Sun 10 Aug	2	$85M	Truemeds, $65M

Where the capital went

AI raised $854M, 36% of the capital. Choose a sector to filter the rounds below.

Capital by sector, 4 to 10 August 2025
Sector	Capital	Share	Rounds
AI	$854M	36%	36
Health	$638M	27%	11
Enterprise software	$429M	18%	13
Fintech	$249M	11%	8
Other	$53.1M	2%	6
Consumer	$36.9M	2%	7
Robotics & Hardware	$27M	1%	4
Cybersecurity	$26.6M	1%	2
Climate & Energy	$26.6M	1%	4
Web3	$10.8M	<1%	2

Most active investors

New Enterprise Associates joined 3 rounds, leading 3, more than any other investor.

The investor race, last 8 weeks

Ranked by rounds joined so far. Y Combinator finished first with 25 rounds over the last 8 weeks. The lead changed hands once.

Rounds joined so far, the last 8 weeks
Investor	Week 25	Week 26	Week 27	Week 28	Week 29	Week 30	Week 31	Week 32
Y Combinator	1	2	5	11	13	18	24	25
General Catalyst	6	10	10	13	16	17	19	22
Andreessen Horowitz	3	6	6	7	11	13	19	20
Sequoia Capital	3	8	8	10	11	13	13	16
Accel	2	6	7	7	9	9	11	13

Where the rounds were

United States raised $1.5B, 62% of the capital. Rounds in 24 countries.

The cities that raised

New York raised $438M, more than all of Europe ($94.7M). Rounds from 31 cities.

Rounds by stage

Seed was the most common stage: 29 rounds, median $4.1M. The median round size is under each column.

Rounds by stage, 4 to 10 August 2025
Stage	Rounds	Median round
Pre-Seed	9	$1.8M
Seed	29	$4.1M
Series A	16	$16.9M
Series B	13	$30M
Series C	4	$58.3M
Series D	2	$74.7M
Growth	2	$243M
Other or undisclosed	18	$1.9M

Sectors against the week of 28 Jul to 3 Aug

Biggest gain: Enterprise software, +$396M. Biggest drop: AI, -$1.6B. Change in capital raised. Only where both periods have rounds.

Sectors against the week of 28 Jul to 3 Aug
Sectors	4 to 10 August 2025	the week of 28 Jul to 3 Aug	Change
Enterprise software	$429M	$32.7M	+$396M
Fintech	$249M	$77.5M	+$171M
Health	$638M	$620M	+$17.6M
Climate & Energy	$26.6M	$16.6M	+$10M
Other	$53.1M	$45M	+$8.1M
Cybersecurity	$26.6M	$39.5M	-$12.9M
Consumer	$36.9M	$60.9M	-$23.9M
Web3	$10.8M	$96.3M	-$85.4M
Robotics & Hardware	$27M	$143M	-$116M
AI	$854M	$2.4B	-$1.6B

Countries against the week of 28 Jul to 3 Aug

Biggest gain: India, +$134M. Biggest drop: United States, -$1.3B. Change in capital raised. Only where both periods have rounds.

Countries against the week of 28 Jul to 3 Aug
Countries	4 to 10 August 2025	the week of 28 Jul to 3 Aug	Change
India	$154M	$19.8M	+$134M
Canada	$126M	$29M	+$96.7M
Saudi Arabia	$30M	$2.2M	+$27.8M
Germany	$13.9M	$36.4M	-$22.6M
United Kingdom	$17.6M	$76.6M	-$59M
Israel	$162M	$255M	-$93M
South Korea	$4M	$125M	-$121M
United States	$1.5B	$2.8B	-$1.3B