Weekly edition

Week 21, 2026 (18 May to 24 May)

48 rounds and $4B raised. The biggest: Hark, $700M.

Compared with week 20

Average of the 4 weeks before: 46 rounds, $6.9B a week. This week is -42% on capital.

The week in charts

AI took 52% of the capital this week, down from 58% in week 20. $4B in all, down 43% on week 20.

13 of 48 rounds made 79% of the capital.

Rounds of $100M or more, Week 21, 2026 (18 May to 24 May)
	Rounds	Capital
$100M or more	13	$3.1B
The rest	35	$837M

The busiest day: Fri 22 May, $1.2B across 7 rounds.

Capital raised per day, Week 21, 2026 (18 May to 24 May)
Day	Rounds	Capital	Biggest round
Mon 18 May	11	$256M	Full-Life Technologies, $150M
Tue 19 May	10	$937M	Decart, $300M
Wed 20 May	10	$653M	Amca, $300M
Thu 21 May	8	$523M	Mercury, $200M
Fri 22 May	7	$1.2B	Hark, $700M
Sat 23 May	1	$112M	Earthian AI, $112M
Sun 24 May	1	$250M	Exa Labs, $250M

AI raised $2.1B, 52% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 21, 2026 (18 May to 24 May)
Sector	Capital	Share	Rounds
AI	$2.1B	52%	15
Other	$960M	24%	15
Fintech	$443M	11%	8
Enterprise software	$173M	4%	2
Health	$168M	4%	2
Climate & Energy	$143M	4%	3
Consumer	$2M	<1%	2
Cybersecurity	$1.6M	<1%	1

The 10 biggest rounds raised $2.8B, 71% of the total.

48 companies raised $4B. A bigger tile is a bigger round.

Andreessen Horowitz joined 6 rounds, leading 2, more than any other investor.

Ranked by rounds joined so far. Lightspeed Venture Partners finished first with 15 rounds over the last 8 weeks. The lead changed hands once.

Rounds joined so far, the last 8 weeks
Investor	Week 14	Week 15	Week 16	Week 17	Week 18	Week 19	Week 20	Week 21
Lightspeed Venture Partners	2	3	3	4	7	8	12	15
Andreessen Horowitz	0	0	0	0	0	4	6	12
Accel	2	3	3	3	6	6	9	12
General Catalyst	1	2	2	2	5	7	8	11
Sequoia Capital	0	0	0	0	3	7	7	11

United Kingdom raised $100M, 3% of the capital. Rounds in 8 countries, 39 with no country disclosed.

San Francisco raised $1B, more than all of Europe ($160M). Rounds from 18 cities.

Seed was the most common stage: 8 rounds, median $8.3M. The median round size is under each column.

Biggest gain: Fintech, +$86.9M. Biggest drop: AI, -$1.9B. Change in capital raised. Only where both periods have rounds.

Sectors against week 20
Sectors	Week 21, 2026 (18 May to 24 May)	week 20	Change
Other	$960M	$351M	+$610M
Fintech	$443M	$356M	+$86.9M
Climate & Energy	$143M	$77M	+$65.5M
Health	$168M	$122M	+$46M
Cybersecurity	$1.6M	$51.6M	-$50M
Consumer	$2M	$70M	-$68M
Enterprise software	$173M	$1.1B	-$909M
AI	$2.1B	$4B	-$1.9B