Weekly edition · Week 34

18 to 24 August 2025

106 rounds and $3.2B raised. The biggest: Group14 Technologies, $463M.

Rounds
106 +10%
Capital raised
$3.2B +52%
Median round
$7.1M -13%

vs the week of 11 to 17 Aug · 4-week average $2.6B+23%

The week in charts

AI took 42% of the capital this week, down from 46% the week of 11 to 17 Aug. $3.2B in all, up 52% on the week of 11 to 17 Aug.

The 10 biggest rounds

The 10 biggest rounds raised $1.9B, 60% of the total.

The 10 biggest rounds, 18 to 24 August 2025Group14 Technologies: $463M; FieldAI: $314M; EliseAI: $250M; Ontic: $230M; Weaver Services: $170M; Starian: $117M; Overhaul: $105M; Eight Sleep: $100M; Aalo Atomics: $100M; Midas: $80M Group14 Technologies $463M · Series D FieldAI $314M EliseAI $250M · Series E Ontic $230M · Series C W Weaver Services $170M · Growth Starian $117M · Growth Overhaul $105M · Series C Eight Sleep $100M · Series D Aalo Atomics $100M · Series B Midas $80M · Series B

Mega-rounds against the rest

9 of 106 rounds made 58% of the capital.

8% of the rounds were of $100M or more 8%of the rounds9 of 10658% of the capital came from rounds of $100M or more 58%of the capital$1.8B of $3.2B
Rounds of $100M or more, 18 to 24 August 2025
RoundsCapital
$100M or more9$1.8B
The rest97$1.4B

Capital raised per day

The busiest day: Wed 20 Aug, $1.6B across 31 rounds.

Capital raised per day, 18 to 24 August 2025 Mon 18 Aug: $285M, 19 rounds; Tue 19 Aug: $704M, 28 rounds; Wed 20 Aug: $1.6B, 31 rounds; Thu 21 Aug: $476M, 18 rounds; Fri 22 Aug: $143M, 9 rounds; Sat 23 Aug: $0K, 0 rounds; Sun 24 Aug: $150K, 1 round $1B$2B Mon 18 Tue 19 Wed 20 Thu 21 Fri 22 Sat 23 Sun 24 $1.6B
Capital raised per day, 18 to 24 August 2025
DayRoundsCapitalBiggest round
Mon 18 Aug19$285MIVIX, $60M
Tue 19 Aug28$704MWeaver Services, $170M
Wed 20 Aug31$1.6BGroup14 Technologies, $463M
Thu 21 Aug18$476MOntic, $230M
Fri 22 Aug9$143MStarian, $117M
Sat 23 Aug0$0K
Sun 24 Aug1$150KZaher AI, $150K

Where the capital went

AI raised $1.3B, 42% of the capital. Choose a sector to filter the rounds below.

Capital by sector, 18 to 24 August 2025 42% AI AI $1.3B 49 rounds 42% Climate & Energy $614M 7 rounds 19% Enterprise software $339M 9 rounds 11% Fintech $245M 9 rounds 8% Cybersecurity $230M 1 round 7% Other sectors $434M 31 rounds 14%
Capital by sector, 18 to 24 August 2025
SectorCapitalShareRounds
AI$1.3B42%49
Climate & Energy$614M19%7
Enterprise software$339M11%9
Fintech$245M8%9
Cybersecurity$230M7%1
Health$136M4%7
Robotics & Hardware$108M3%6
Web3$90.2M3%3
Other$51.9M2%5
Consumer$47.1M1%10

Most active investors

Y Combinator joined 8 rounds, leading 1, more than any other investor.

Most active investors, 18 to 24 August 2025Y Combinator: 8 rounds, 1 led; Sequoia Capital: 3 rounds, 2 led; General Catalyst: 3 rounds, 1 led; BoxGroup: 3 rounds, 0 led; Andreessen Horowitz: 2 rounds, 2 led; Maj Invest: 2 rounds, 2 led; Bestvantage Investments: 2 rounds, 2 led; Valor Equity Partners: 2 rounds, 1 led; HSG: 2 rounds, 1 led; IFC: 2 rounds, 1 ledLedJoined Y Combinator 8 rounds · 1 led Sequoia Capital 3 rounds · 2 led General Catalyst 3 rounds · 1 led BoxGroup 3 rounds Andreessen Horowitz 2 rounds · 2 led Maj Invest 2 rounds · 2 led Bestvantage Investments 2 rounds · 2 led Valor Equity Partners 2 rounds · 1 led HSG 2 rounds · 1 led IFC 2 rounds · 1 led

The investor race, last 8 weeks

Ranked by rounds joined so far. Y Combinator finished first with 34 rounds over the last 8 weeks. The lead changed hands once.

The investor race, the last 8 weeksY Combinator: ranks 2, 1, 1, 1, 1, 1, 1, 1, 34 rounds; General Catalyst: ranks 3, 3, 2, 2, 4, 4, 2, 2, 18 rounds; Andreessen Horowitz: ranks 4, 5, 4, 4, 2, 2, 3, 3, 17 rounds; Insight Partners: ranks 5, 4, 5, 3, 3, 3, 4, 4, 14 rounds; Peak XV Partners: ranks 1, 2, 3, 5, 5, 5, 5, 5, 13 rounds W27W28W29W30W31W32W33W34 Y Combinator 34 rounds · 4 led General Catalyst 18 rounds · 8 led Andreessen Horowitz 17 rounds · 8 led Insight Partners 14 rounds · 10 led Peak XV Partners 13 rounds · 7 led
Rounds joined so far, the last 8 weeks
InvestorWeek 27Week 28Week 29Week 30Week 31Week 32Week 33Week 34
Y Combinator39111622232634
General Catalyst03679121518
Andreessen Horowitz015713141517
Insight Partners023710121314
Peak XV Partners36667101313

Where the rounds were

United States raised $2.3B, 71% of the capital. Rounds in 25 countries.

Capital by country, 18 to 24 August 2025United States: $2.3B; India: $204M; Brazil: $127M; Israel: $110M; Turkey: $80M; Germany: $75.2M; Saudi Arabia: $74.9M; Sweden: $51.9M; United Kingdom: $42M; Chile: $35M; Switzerland: $34.9M; Canada: $22M United States $2.3B · 44 rounds India $204M · 12 rounds Brazil $127M · 4 rounds Israel $110M · 2 rounds Turkey $80M · 1 round Germany $75.2M · 4 rounds Saudi Arabia $74.9M · 3 rounds Sweden $51.9M · 5 rounds

The cities that raised

New York raised $428M, more than all of Asia ($428M). Rounds from 33 cities.

Capital by city, 18 to 24 August 2025New York: $428M; Austin: $330M; Irvine: $314M; San Francisco: $216M; Mumbai: $170M; Istanbul: $80M; Riyadh: $74.9M; Berlin: $66.9M; Mountain View: $53M; Zurich: $34.9M; London: $32.6M; Long Beach: $30M New York $428M · 6 rounds Austin $330M · 2 rounds Irvine $314M · 1 round San Francisco $216M · 9 rounds Mumbai $170M · 1 round Istanbul $80M · 1 round

Rounds by stage

Seed was the most common stage: 39 rounds, median $2.5M. The median round size is under each column.

Rounds by stage, 18 to 24 August 2025 8 Pre $1.2M 39 Seed $2.5M 18 A $14M 12 B $37M 4 C $74M 2 D $282M 2 E+ $152M 6 Growth $24M 15 Other $7.7M
Rounds by stage, 18 to 24 August 2025
StageRoundsMedian round
Pre-Seed8$1.2M
Seed39$2.5M
Series A18$14.4M
Series B12$36.5M
Series C4$73.5M
Series D2$282M
Series E+2$152M
Growth6$23.5M
Other or undisclosed15$7.7M

Sectors against the week of 11 to 17 Aug

Biggest gain: AI, +$370M. Biggest drop: Health, -$106M. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, 18 to 24 August 2025 against the week of 11 to 17 AugAI: +$370M; Climate & Energy: +$256M; Cybersecurity: +$181M; Enterprise software: +$169M; Fintech: +$151M; Web3: +$66.3M; Other: +$16.7M; Robotics & Hardware: +$4.8M; Consumer: -$13.7M; Health: -$106M AI +$370M +38% Climate & Energy +$256M +72% Cybersecurity +$181M ×4.7 Enterprise software +$169M +99% Fintech +$151M +161% Web3 +$66.3M ×3.8 Other +$16.7M +47% Robotics & Hardware +$4.8M +5% Consumer -$13.7M -23% Health -$106M -44%
Sectors against the week of 11 to 17 Aug
Sectors18 to 24 August 2025the week of 11 to 17 AugChange
AI$1.3B$974M+$370M
Climate & Energy$614M$357M+$256M
Cybersecurity$230M$49M+$181M
Enterprise software$339M$170M+$169M
Fintech$245M$93.9M+$151M
Web3$90.2M$23.9M+$66.3M
Other$51.9M$35.3M+$16.7M
Robotics & Hardware$108M$103M+$4.8M
Consumer$47.1M$60.8M-$13.7M
Health$136M$243M-$106M

Countries against the week of 11 to 17 Aug

Biggest gain: United States, +$1.4B. Biggest drop: Canada, -$531M. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, 18 to 24 August 2025 against the week of 11 to 17 AugUnited States: +$1.4B; Brazil: +$124M; India: +$92.3M; Israel: +$42M; Germany: +$29.6M; United Kingdom: -$68.6M; Sweden: -$122M; Canada: -$531M United States +$1.4B +148% Brazil +$124M ×46 India +$92.3M +83% Israel +$42M +62% Germany +$29.6M +65% United Kingdom -$68.6M -62% Sweden -$122M -70% Canada -$531M -96%
Countries against the week of 11 to 17 Aug
Countries18 to 24 August 2025the week of 11 to 17 AugChange
United States$2.3B$914M+$1.4B
Brazil$127M$2.8M+$124M
India$204M$111M+$92.3M
Israel$110M$68M+$42M
Germany$75.2M$45.7M+$29.6M
United Kingdom$42M$111M-$68.6M
Sweden$51.9M$174M-$122M
Canada$22M$553M-$531M
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