Weekly edition

Week 51, 2025 (15 Dec to 21 Dec)

81 rounds and $6.8B raised. The biggest: Databricks, $4B.

Compared with week 50

Rounds
81 -12%
Capital raised
$6.8B +40%
Median round
$12M -5%

Average of the 2 weeks before: 92 rounds, $4.6B a week. This week is +49% on capital.

The week in charts

AI took 84% of the capital this week, up from 35% in week 50. Databricks alone raised $4B, 59% of it.

Mega-rounds against the rest

10 of 81 rounds made 83% of the capital.

12% of the rounds were of $100M or more 12%of the rounds10 of 8183% of the capital came from rounds of $100M or more 83%of the capital$5.6B of $6.8B
Rounds of $100M or more, Week 51, 2025 (15 Dec to 21 Dec)
RoundsCapital
$100M or more10$5.6B
The rest71$1.2B

Capital raised per day

The busiest day: Tue 16 Dec, $4.5B across 24 rounds.

Capital raised per day, Week 51, 2025 (15 Dec to 21 Dec) Mon 15 Dec: $337M, 12 rounds; Tue 16 Dec: $4.5B, 24 rounds; Wed 17 Dec: $765M, 20 rounds; Thu 18 Dec: $739M, 13 rounds; Fri 19 Dec: $412M, 12 rounds; Sat 20 Dec: $0K, 0 rounds; Sun 21 Dec: $0K, 0 rounds $2B$4B$6B Mon 15 Tue 16 Wed 17 Thu 18 Fri 19 Sat 20 Sun 21 $4.5B
Capital raised per day, Week 51, 2025 (15 Dec to 21 Dec)
DayRoundsCapitalBiggest round
Mon 15 Dec12$337MChai Discovery, $130M
Tue 16 Dec24$4.5BDatabricks, $4B
Wed 17 Dec20$765MRadiant, $300M
Thu 18 Dec13$739MLovable, $330M
Fri 19 Dec12$412MGalbot, $300M
Sat 20 Dec0$0K
Sun 21 Dec0$0K

Where the capital went

AI raised $5.7B, 84% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 51, 2025 (15 Dec to 21 Dec) 84% AI AI $5.7B 35 rounds 84% Climate & Energy $503M 7 rounds 7% Fintech $152M 3 rounds 2% Health $146M 7 rounds 2% Robotics & Hardware $98.7M 6 rounds 1% Other sectors $213M 23 rounds 3%
Capital by sector, Week 51, 2025 (15 Dec to 21 Dec)
SectorCapitalShareRounds
AI$5.7B84%35
Climate & Energy$503M7%7
Fintech$152M2%3
Health$146M2%7
Robotics & Hardware$98.7M1%6
Enterprise software$80.7M1%6
Consumer$74.2M1%11
Other$28.1M<1%3
Web3$21.4M<1%2
Cybersecurity$8.8M<1%1

The 10 biggest rounds

The 10 biggest rounds raised $5.6B, 83% of the total.

The 10 biggest rounds, Week 51, 2025 (15 Dec to 21 Dec)Databricks: $4B; Lovable: $330M; Galbot: $300M; Radiant: $300M; Imprint: $150M; Chai Discovery: $130M; Mythic: $125M; Nirvana Insurance: $100M; Neural Concept: $100M; Last Energy: $100M Databricks $4B · Series L Lovable $330M · Series B Galbot $300M Radiant $300M · Series D Imprint $150M · Series D Chai Discovery $130M · Series B Mythic $125M · Series D Nirvana Insurance $100M · Series D Neural Concept $100M · Series C Last Energy $100M · Series C

Everyone who raised

81 companies raised $6.8B. A bigger tile is a bigger round.

Every company that raised, Week 51, 2025 (15 Dec to 21 Dec)FEVDLAMHKGThe 69 biggest rounds, Week 51, 2025 (15 Dec to 21 Dec)FEVDLAMH

The 69 biggest of 81. Open on a wider screen for all of them, or see every round below.

Most active investors

Y Combinator joined 6 rounds, leading 1, more than any other investor.

Most active investors, Week 51, 2025 (15 Dec to 21 Dec)Y Combinator: 6 rounds, 1 led; General Catalyst: 5 rounds, 0 led; Andreessen Horowitz: 4 rounds, 1 led; Khosla Ventures: 3 rounds, 1 led; NVentures: 3 rounds, 0 led; DCVC: 2 rounds, 1 led; Salesforce Ventures: 2 rounds, 1 led; Index Ventures: 2 rounds, 1 led; 360 ONE Asset: 2 rounds, 1 led; Bessemer Venture Partners: 2 rounds, 1 ledLedJoined Y Combinator 6 rounds · 1 led General Catalyst 5 rounds Andreessen Horowitz 4 rounds · 1 led Khosla Ventures 3 rounds · 1 led NVentures 3 rounds DCVC 2 rounds · 1 led Salesforce Ventures 2 rounds · 1 led Index Ventures 2 rounds · 1 led 360 ONE Asset 2 rounds · 1 led Bessemer Venture Partners 2 rounds · 1 led

The investor race, last 8 weeks

Ranked by rounds joined so far. General Catalyst finished first with 13 rounds over the last 3 weeks.

The investor race, the last 3 weeksGeneral Catalyst: ranks 1, 1, 1, 13 rounds; Y Combinator: ranks 5, 3, 2, 12 rounds; Andreessen Horowitz: ranks 2, 2, 3, 10 rounds; Sequoia Capital: ranks 3, 4, 4, 6 rounds; Lightspeed Venture Partners: ranks 4, 5, 5, 6 rounds W49W50W51 General Catalyst 13 rounds · 3 led Y Combinator 12 rounds · 2 led Andreessen Horowitz 10 rounds · 4 led Sequoia Capital 6 rounds · 3 led Lightspeed Venture Pa… 6 rounds · 1 led
Rounds joined so far, the last 3 weeks
InvestorWeek 49Week 50Week 51
General Catalyst4813
Y Combinator2612
Andreessen Horowitz4610
Sequoia Capital356
Lightspeed Venture Partners356

Where the rounds were

United States raised $5.6B, 82% of the capital. Rounds in 18 countries.

Capital by country, Week 51, 2025 (15 Dec to 21 Dec)United States: $5.6B; Sweden: $330M; China: $300M; United Kingdom: $194M; India: $148M; Switzerland: $100M; Germany: $47.9M; Israel: $35M; Singapore: $30M; France: $23.1M; Mexico: $14M; Ireland: $4M United States $5.6B · 38 rounds Sweden $330M · 1 round China $300M · 1 round United Kingdom $194M · 6 rounds India $148M · 20 rounds Switzerland $100M · 1 round Germany $47.9M · 2 rounds Israel $35M · 1 round

The cities that raised

San Francisco raised $4.3B, more than all of Europe ($709M). Rounds from 30 cities.

Capital by city, Week 51, 2025 (15 Dec to 21 Dec)San Francisco: $4.3B; New York: $362M; Stockholm: $330M; Beijing: $300M; El Segundo: $300M; London: $190M; Austin: $134M; Lausanne: $100M; Washington: $100M; Bengaluru: $71M; Berlin: $41.1M; Burlington: $40M San Francisco $4.3B · 9 rounds New York $362M · 7 rounds Stockholm $330M · 1 round Beijing $300M · 1 round El Segundo $300M · 1 round London $190M · 5 rounds

Rounds by stage

Seed was the most common stage: 26 rounds, median $3.9M. The median round size is under each column.

Rounds by stage, Week 51, 2025 (15 Dec to 21 Dec) 7 Pre $1.8M 26 Seed $3.9M 19 A $17M 12 B $44M 2 C $100M 5 D $125M 1 E+ $4B 2 Growth $30M 7 Other $4.8M
Rounds by stage, Week 51, 2025 (15 Dec to 21 Dec)
StageRoundsMedian round
Pre-Seed7$1.8M
Seed26$3.9M
Series A19$16.5M
Series B12$43.5M
Series C2$100M
Series D5$125M
Series E+1$4B
Growth2$30M
Other or undisclosed7$4.8M

Sectors against week 50

Biggest gain: AI, +$4B. Biggest drop: Cybersecurity, -$708M. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, Week 51, 2025 (15 Dec to 21 Dec) against week 50AI: +$4B; Consumer: +$60.6M; Enterprise software: +$9.6M; Web3: -$6.6M; Other: -$152M; Robotics & Hardware: -$243M; Climate & Energy: -$259M; Fintech: -$306M; Health: -$444M; Cybersecurity: -$708M AI +$4B ×3.3 Consumer +$60.6M ×5.4 Enterprise software +$9.6M +14% Web3 -$6.6M -24% Other -$152M -84% Robotics & Hardware -$243M -71% Climate & Energy -$259M -34% Fintech -$306M -67% Health -$444M -75% Cybersecurity -$708M -99%
Sectors against week 50
SectorsWeek 51, 2025 (15 Dec to 21 Dec)week 50Change
AI$5.7B$1.7B+$4B
Consumer$74.2M$13.7M+$60.6M
Enterprise software$80.7M$71.1M+$9.6M
Web3$21.4M$28.1M-$6.6M
Other$28.1M$180M-$152M
Robotics & Hardware$98.7M$341M-$243M
Climate & Energy$503M$762M-$259M
Fintech$152M$458M-$306M
Health$146M$590M-$444M
Cybersecurity$8.8M$717M-$708M

Countries against week 50

Biggest gain: United States, +$2.1B. Biggest drop: Singapore, -$367M. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, Week 51, 2025 (15 Dec to 21 Dec) against week 50United States: +$2.1B; Switzerland: +$73.4M; China: +$72M; Germany: +$41.1M; India: +$35.9M; United Kingdom: -$70.2M; Israel: -$225M; Singapore: -$367M United States +$2.1B +58% Switzerland +$73.4M ×3.8 China +$72M +32% Germany +$41.1M ×7.1 India +$35.9M +32% United Kingdom -$70.2M -27% Israel -$225M -87% Singapore -$367M -92%
Countries against week 50
CountriesWeek 51, 2025 (15 Dec to 21 Dec)week 50Change
United States$5.6B$3.5B+$2.1B
Switzerland$100M$26.6M+$73.4M
China$300M$228M+$72M
Germany$47.9M$6.8M+$41.1M
India$148M$113M+$35.9M
United Kingdom$194M$264M-$70.2M
Israel$35M$260M-$225M
Singapore$30M$397M-$367M

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