Weekly edition

Week 22, 2026 (25 May to 31 May)

39 rounds and $2.4B raised. The biggest: Cognition, $1B.

Compared with week 21

Average of the 4 weeks before: 48 rounds, $4.8B a week. This week is -49% on capital.

The week in charts

AI took 55% of the capital this week, up from 52% in week 21. Cognition alone raised $1B, 41% of it.

9 of 39 rounds made 83% of the capital.

Rounds of $100M or more, Week 22, 2026 (25 May to 31 May)
	Rounds	Capital
$100M or more	9	$2B
The rest	30	$416M

The busiest day: Wed 27 May, $1.2B across 6 rounds.

Capital raised per day, Week 22, 2026 (25 May to 31 May)
Day	Rounds	Capital	Biggest round
Mon 25 May	5	$60.7M	Polsia, $30M
Tue 26 May	8	$362M	ZERON, $200M
Wed 27 May	6	$1.2B	Cognition, $1B
Thu 28 May	6	$293M	Oishii, $150M
Fri 29 May	9	$252M	Fonoa, $110M
Sat 30 May	2	$107M	Corgi, $106M
Sun 31 May	3	$151M	XCENA, $135M

AI raised $1.3B, 55% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 22, 2026 (25 May to 31 May)
Sector	Capital	Share	Rounds
AI	$1.3B	55%	12
Other	$361M	15%	13
Climate & Energy	$320M	13%	3
Health	$183M	8%	5
Robotics & Hardware	$135M	6%	1
Fintech	$51M	2%	3
Enterprise software	$35M	1%	1
Cybersecurity	$15M	<1%	1

The 10 biggest rounds raised $2.1B, 85% of the total.

39 companies raised $2.4B. A bigger tile is a bigger round.

Leo Capital joined 2 rounds, leading 2, more than any other investor.

Ranked by rounds joined so far. Lightspeed Venture Partners finished first with 13 rounds over the last 8 weeks. The lead changed hands twice.

Rounds joined so far, the last 8 weeks
Investor	Week 15	Week 16	Week 17	Week 18	Week 19	Week 20	Week 21	Week 22
Lightspeed Venture Partners	1	1	2	5	6	10	13	13
Sequoia Capital	0	0	0	3	7	7	11	13
Andreessen Horowitz	0	0	0	0	4	6	12	13
General Catalyst	1	1	1	4	6	7	10	11
Index Ventures	0	1	1	2	3	7	9	11

China raised $200M, 8% of the capital. Rounds in 9 countries, 29 with no country disclosed.

New York raised $186M, more than all of Europe ($149M). Rounds from 19 cities.

Seed was the most common stage: 8 rounds, median $2.6M. The median round size is under each column.

Biggest gain: Climate & Energy, +$178M. Biggest drop: AI, -$734M. Change in capital raised. Only where both periods have rounds.

Sectors against week 21
Sectors	Week 22, 2026 (25 May to 31 May)	week 21	Change
Climate & Energy	$320M	$143M	+$178M
Health	$183M	$168M	+$14.7M
Cybersecurity	$15M	$1.6M	+$13.4M
Enterprise software	$35M	$173M	-$138M
Fintech	$51M	$443M	-$392M
Other	$361M	$960M	-$599M
AI	$1.3B	$2.1B	-$734M