Weekly edition

Week 5, 2026 (26 Jan to 1 Feb)

55 rounds and $4.3B raised. The biggest: Waabi, $750M.

Compared with week 4

Average of the 4 weeks before: 33 rounds, $8.4B a week. This week is -49% on capital.

The week in charts

AI took 50% of the capital this week, about the same as in week 4. $4.3B in all, up 7% on week 4.

11 of 55 rounds made 80% of the capital.

Rounds of $100M or more, Week 5, 2026 (26 Jan to 1 Feb)
	Rounds	Capital
$100M or more	11	$3.4B
The rest	44	$869M

The busiest day: Mon 26 Jan, $1.8B across 12 rounds.

Capital raised per day, Week 5, 2026 (26 Jan to 1 Feb)
Day	Rounds	Capital	Biggest round
Mon 26 Jan	12	$1.8B	StepFun, $717M
Tue 27 Jan	16	$354M	Lunar, $54.9M
Wed 28 Jan	9	$183M	Factify, $73M
Thu 29 Jan	11	$612M	Genspark, $300M
Fri 30 Jan	7	$1.3B	Waabi, $750M
Sat 31 Jan	0	$0K
Sun 1 Feb	0	$0K

AI raised $2.2B, 50% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 5, 2026 (26 Jan to 1 Feb)
Sector	Capital	Share	Rounds
AI	$2.2B	50%	24
Robotics & Hardware	$850M	20%	2
Enterprise software	$589M	14%	6
Other	$342M	8%	12
Fintech	$165M	4%	3
Climate & Energy	$79.4M	2%	3
Cybersecurity	$43M	1%	2
Consumer	$41.2M	<1%	1
Health	$13.2M	<1%	2

The 10 biggest rounds raised $3.3B, 77% of the total.

55 companies raised $4.3B. A bigger tile is a bigger round.

Lightspeed Venture Partners joined 5 rounds, leading 4, more than any other investor.

Ranked by rounds joined so far. Lightspeed Venture Partners finished first with 14 rounds over the last 5 weeks. The lead changed hands once.

Rounds joined so far, the last 5 weeks
Investor	Week 1	Week 2	Week 3	Week 4	Week 5
Lightspeed Venture Partners	0	4	6	9	14
Y Combinator	0	2	4	8	11
Sequoia Capital	0	1	3	4	8
Bessemer Venture Partners	0	3	5	6	7
Accel	1	2	2	4	6

China raised $889M, 21% of the capital. Rounds in 11 countries, 40 with no country disclosed.

Toronto raised $750M, more than all of Europe ($56.8M). Rounds from 17 cities.

Seed was the most common stage: 13 rounds, median $5M. The median round size is under each column.

Biggest gain: Robotics & Hardware, +$575M. Biggest drop: Fintech, -$250M. Change in capital raised. Only where both periods have rounds.

Sectors against week 4
Sectors	Week 5, 2026 (26 Jan to 1 Feb)	week 4	Change
Robotics & Hardware	$850M	$275M	+$575M
Enterprise software	$589M	$265M	+$324M
AI	$2.2B	$2B	+$172M
Cybersecurity	$43M	$20M	+$23M
Consumer	$41.2M	$32.7M	+$8.5M
Climate & Energy	$79.4M	$97.8M	-$18.4M
Fintech	$165M	$415M	-$250M
Other	$342M	$914M	-$572M