Weekly edition
Week 12, 2026 (16 Mar to 22 Mar)
37 rounds and $2.5B raised. The biggest: Quince, $500M.
Compared with week 11
- Rounds
- 37 -16%
- Capital raised
- $2.5B -59%
- Median round
- $25M +9%
Average of the 4 weeks before: 44 rounds, $4.5B a week. This week is -44% on capital.
The week in charts
AI took 36% of the capital this week, down from 83% in week 11. $2.5B in all, down 59% on week 11.
Mega-rounds against the rest
10 of 37 rounds made 76% of the capital.
| Rounds | Capital | |
|---|---|---|
| $100M or more | 10 | $1.9B |
| The rest | 27 | $594M |
Capital raised per day
The busiest day: Mon 16 Mar, $1B across 7 rounds.
| Day | Rounds | Capital | Biggest round |
|---|---|---|---|
| Mon 16 Mar | 7 | $1B | Quince, $500M |
| Tue 17 Mar | 8 | $283M | Upvest, $125M |
| Wed 18 Mar | 12 | $342M | Video Rebirth, $80M |
| Thu 19 Mar | 6 | $109M | Turquoise Health, $40M |
| Fri 20 Mar | 2 | $485M | Cloaked, $375M |
| Sat 21 Mar | 1 | $120M | Oasis Security, $120M |
| Sun 22 Mar | 1 | $100M | QCraft, $100M |
Where the capital went
AI raised $885M, 36% of the capital. Choose a sector to filter the rounds below.
| Sector | Capital | Share | Rounds |
|---|---|---|---|
| AI | $885M | 36% | 16 |
| Enterprise software | $634M | 25% | 6 |
| Other | $338M | 14% | 5 |
| Health | $331M | 13% | 5 |
| Robotics & Hardware | $151M | 6% | 2 |
| Fintech | $125M | 5% | 1 |
| Cybersecurity | $20M | <1% | 1 |
| Climate & Energy | $3.4M | <1% | 1 |
The 10 biggest rounds
The 10 biggest rounds raised $1.9B, 76% of the total.
Everyone who raised
37 companies raised $2.5B. A bigger tile is a bigger round.
Most active investors
FirstMark Capital joined 2 rounds, leading 2, more than any other investor.
The investor race, last 8 weeks
Ranked by rounds joined so far. Accel finished first with 15 rounds over the last 8 weeks. The lead changed hands once.
| Investor | Week 5 | Week 6 | Week 7 | Week 8 | Week 9 | Week 10 | Week 11 | Week 12 |
|---|---|---|---|---|---|---|---|---|
| Accel | 2 | 5 | 6 | 7 | 11 | 12 | 13 | 15 |
| Lightspeed Venture Partners | 5 | 8 | 9 | 12 | 14 | 14 | 14 | 14 |
| Peak XV Partners | 1 | 2 | 5 | 7 | 9 | 9 | 11 | 12 |
| Andreessen Horowitz | 1 | 3 | 5 | 6 | 6 | 7 | 10 | 11 |
| Y Combinator | 3 | 3 | 5 | 5 | 8 | 8 | 9 | 9 |
Where the rounds were
Germany raised $125M, 5% of the capital. Rounds in 9 countries, 27 with no country disclosed.
The cities that raised
New York raised $127M, more than all of Oceania ($110M). Rounds from 12 cities.
Rounds by stage
Seed was the most common stage: 8 rounds, median $6.5M. The median round size is under each column.
| Stage | Rounds | Median round |
|---|---|---|
| Pre-Seed | 2 | $666K |
| Seed | 8 | $6.5M |
| Series A | 5 | $16M |
| Series B | 4 | $61M |
| Series C | 2 | $73M |
| Series D | 1 | $100M |
| Other or undisclosed | 15 | $80M |
Sectors against week 11
Biggest gain: Enterprise software, +$332M. Biggest drop: AI, -$4.2B. Change in capital raised. Only where both periods have rounds.
| Sectors | Week 12, 2026 (16 Mar to 22 Mar) | week 11 | Change |
|---|---|---|---|
| Enterprise software | $634M | $302M | +$332M |
| Other | $338M | $215M | +$123M |
| Health | $331M | $237M | +$93.6M |
| Fintech | $125M | $44.9M | +$80.2M |
| Cybersecurity | $20M | $18M | +$2M |
| Climate & Energy | $3.4M | $18.3M | -$14.8M |
| Robotics & Hardware | $151M | $209M | -$58.3M |
| AI | $885M | $5B | -$4.2B |
Countries against week 11
Biggest gain: Australia, +$98M. Biggest drop: United Kingdom, -$2B. Change in capital raised. Only where both periods have rounds.
| Countries | Week 12, 2026 (16 Mar to 22 Mar) | week 11 | Change |
|---|---|---|---|
| Australia | $110M | $12M | +$98M |
| India | $20.7M | $19.3M | +$1.4M |
| Italy | $4.6M | $4.1M | +$517K |
| United States | $100M | $100M | +$0K |
| Singapore | $80M | $80M | +$0K |
| United Kingdom | $20M | $2.1B | -$2B |
All rounds
- QuinceOperates a manufacturer-to-consumer platform selling consumer products $500M
- CloakedPrivacy software company protecting people and enterprises from AI-driven scams and data exposure.Led by General Catalyst, with Lux Capital, Human Capital +6 $375M
- XPENG AEROHT $200M
- Frore SystemsDevelops liquid cooling systems for data center and computing hardware $143M
- UpvestAPI-based investment platform that lets partners offer investing products to their customers.Led by Sapphire Ventures, with Bessemer Venture Partners, BlackRock $125MGermany
- Oasis SecuritySecures identities and access for enterprise AI agents and non-human accounts.Led by Craft Ventures, with Cyberstarts, Sequoia Capital +1 $120MSeries B
- D-RoboticsDevelops embodied artificial intelligence and robotics systems $120M
- Advanced NavigationDevelops positioning, navigation and timing technologies for autonomous and unmanned systems.Led by Airtree Ventures, with Quadrant Private Equity, National Reconstruction Fund Corporation (NRFC) $110MSeries C · Australia
- QCraftDevelops physical AI and perception software for autonomous driving and mobility applications.With Ningbo Ninghai Xingtaihe Fund, Wonderland Capital, Liangxi Science and Innovation Industry Investment Fund Partnership $100MSeries D
- Imperative CareDevelops neurovascular medical devices for stroke and other vascular conditions.Led by Elevage Medical Technologies, with Catalio Capital Management, LP, Longaeva Partners LP +3 $100MUnited States
- Video RebirthBuilds an AI engine for video creation and processingWith AMD Ventures, Hyundai $80MSingapore
- Crossbow TherapeuticsDevelops T-cell engager antibody therapies to treat a broad range of cancers.Led by Taiho Ventures, with Sixty Degree Capital, Hamilton Square Partners Management LP +8 $77MSeries B
- Excalipoint TherapeuticsClinical-stage biotechnology company developing novel therapeutics, details limited in the roundup.Led by HSG, with 5Y Capital, Co-Win Ventures +4 $68.7MSeed
- Unnatural ProductsDevelops macrocyclic peptide therapeutics for treating serious diseases $45MSeries B
- Turquoise HealthSoftware that powers healthcare contracts and payments, per the headline.Led by Oak HC/FT, with Andreessen Horowitz, Adams Street Partners +1 $40M
- ParaformOffers automated recruiting software that helps companies find and hire candidates.Led by Scale Venture Partners, with Felicis, A* Capital +1 $40M
- PoshEvent discovery and planning platform helping people decide what to do together.Led by FirstMark Capital, with Causeway Ventures, Goodwater Capital +2 $37MSeries B
- AtlysProvides a digital platform for applying for travel visasLed by Susquehanna Asia VC $36MSeries C
- Assiduus GlobalProvides AI-led infrastructure and cross-border distribution services to ecommerce brands globally.Led by Bajaj Finserv, with Uncorrelated Ventures, Aaruha Technology Fund +1 $25MPre-Series B
- HalcyonProvides AI-driven energy intelligence software, per the headline.Led by Energize Capital, with Zero Infinity Partners, Congruent Ventures +2 $21MSeries A
- TracebitCybersecurity startup developing security software products.Led by FirstMark, with Accel, MMC Ventures +2 $20MSeries A · United Kingdom
- SequenProvides sub-second in-session personalization technology for enterprise consumer companies.Led by White Star Capital, with Greycroft $16MSeries A
- RiviaSoftware company bringing clinical trial operations into the agentic AI era.Led by Earlybird, with Defiant, Speedinvest +2 $15MSeries A
- AerchainProvides AI-driven procurement and spend management software for enterprises.Led by Pavestone VC, with IndiaMART InterMESH Limited $13MSeries A · India
- ManifoldSecures autonomous AI agents at the endpoint during runtime.Led by Costanoa Ventures, with Cherry Ventures, Rain Capital +3 $8MSeed
- OfficebanaoIndian commercial interiors company designing and fitting out office spaces for clients. $7.7MIndia
- VerbaFloProvides a conversational AI platform for businesses.Led by Pi Labs, with Haatch, Navigate Ventures +1 $7MSeed
- Obin AIBuilds agentic AI workforce software for financial institutions and insurers.Led by Motive Partners, with Dr. Fei-Fei Li, Lukasz Kaiser $7MSeed
- PADO AI OrchestrationBuilds AI software orchestrating data center power, compute, and cooling for mid-market colocation facilities.Led by NovaWave Capital $6MSeed
- WebelHome services platform aiming to become a super app across Europe.Led by Trind Ventures, with Decelera Ventures, Tiburon +1 $5MPre-Series A · Spain
- AlomanaProvides an AI operating layer that automates enterprise workflows.Led by CDP Venture Capital, with Italia Venture II – Fondo Imprese Sud, Founders Factory +4 $4.6MItaly
- GrapevineNetworking startup offering an anonymous social media platform and AI talent agent.With Kae Capital, Peak XV Partners, Ronnie Screwvala family office Unilazer $4.1M
- sequestraDevelops CO2 mineralisation technology for industrial use.Led by VSE Beteiligungs-GmbH, with Dr Rudolf Fries Familien-Privatstiftung $3.4MSeed · Austria
- LaminarCompany details not provided in the headline $3MSeed
- WhiteBridge AIProvides AI-powered people search and research tools $3M
- DentronicDevelops AI robotics for dental procedures.With South Park Commons $1MPre-Seed
- NumonicProvides AI-generated content tracking and compliance infrastructure for creative studios and agencies.Led by Fuel Ventures $332KPre-Seed
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