Weekly edition

Week 37, 2026 (7 Sept to 13 Sept)

86 rounds and $15.7B raised. The biggest: Mistral, $3.5B.

Compared with week 36

Rounds
86 +13%
Capital raised
$15.7B ×4
Median round
$20M +38%

Average of the 4 weeks before: 70 rounds, $5.2B a week. This week is ×3 on capital.

The week in charts

AI took 60% of the capital this week, up from 32% in week 36. $15.7B in all, 4 times the total in week 36.

Mega-rounds against the rest

20 of 86 rounds made 92% of the capital.

23% of the rounds were of $100M or more 23%of the rounds20 of 8692% of the capital came from rounds of $100M or more 92%of the capital$14.5B of $15.7B
Rounds of $100M or more, Week 37, 2026 (7 Sept to 13 Sept)
RoundsCapital
$100M or more20$14.5B
The rest66$1.2B

Capital raised per day

The busiest day: Tue 8 Sept, $5.4B across 22 rounds.

Capital raised per day, Week 37, 2026 (7 Sept to 13 Sept) Mon 7 Sept: $206M, 11 rounds; Tue 8 Sept: $5.4B, 22 rounds; Wed 9 Sept: $3.2B, 24 rounds; Thu 10 Sept: $5.1B, 21 rounds; Fri 11 Sept: $1.7B, 7 rounds; Sat 12 Sept: $55M, 1 round; Sun 13 Sept: $0K, 0 rounds $2B$4B$6B Mon 7 Tue 8 Wed 9 Thu 10 Fri 11 Sat 12 Sun 13 $5.4B
Capital raised per day, Week 37, 2026 (7 Sept to 13 Sept)
DayRoundsCapitalBiggest round
Mon 7 Sept11$206MPixxel, $100M
Tue 8 Sept22$5.4BMistral, $3.5B
Wed 9 Sept24$3.2BCognition AI, $2B
Thu 10 Sept21$5.1BThe Boring Company, $3B
Fri 11 Sept7$1.7BMotive, $1.3B
Sat 12 Sept1$55MByteFuture, $55M
Sun 13 Sept0$0K

Where the capital went

AI raised $9.4B, 60% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 37, 2026 (7 Sept to 13 Sept) 60% AI AI $9.4B 39 rounds 60% Robotics & Hardware $1.8B 7 rounds 11% Health $432M 8 rounds 3% Climate & Energy $80.9M 7 rounds <1% Enterprise software $49.6M 4 rounds <1% Other sectors $4B 21 rounds 26%
Capital by sector, Week 37, 2026 (7 Sept to 13 Sept)
SectorCapitalShareRounds
AI$9.4B60%39
Other$3.9B25%15
Robotics & Hardware$1.8B11%7
Health$432M3%8
Climate & Energy$80.9M<1%7
Enterprise software$49.6M<1%4
Fintech$39M<1%3
Cybersecurity$23.5M<1%2
Consumer$5.9M<1%1

The 10 biggest rounds

The 10 biggest rounds raised $13.2B, 84% of the total.

The 10 biggest rounds, Week 37, 2026 (7 Sept to 13 Sept)Mistral: $3.5B; The Boring Company: $3B; Cognition AI: $2B; Motive: $1.3B; Stoke Space: $1B; Positron AI: $875M; Harvey: $550M; The Exploration Company: $450M; Encoded Therapeutics: $275M; Cylake: $245M Mistral $3.5B · Series D The Boring Company $3B Cognition AI $2B · Series E Motive $1.3B Stoke Space $1B Positron AI $875M Harvey $550M T The Exploration Company $450M · Series C Encoded Therapeutics $275M · Series F Cylake $245M

Everyone who raised

86 companies raised $15.7B. A bigger tile is a bigger round.

Every company that raised, Week 37, 2026 (7 Sept to 13 Sept)TPBIACHCJGBThe 57 biggest rounds, Week 37, 2026 (7 Sept to 13 Sept)TPBIACH

The 57 biggest of 86. Open on a wider screen for all of them, or see every round below.

Most active investors

Andreessen Horowitz joined 5 rounds, leading 2, more than any other investor.

Most active investors, Week 37, 2026 (7 Sept to 13 Sept)Andreessen Horowitz: 5 rounds, 2 led; Lightspeed Venture Partners: 4 rounds, 2 led; Bessemer Venture Partners: 4 rounds, 2 led; Accel: 4 rounds, 2 led; Spark Capital: 3 rounds, 2 led; High-Tech Gründerfonds: 3 rounds, 2 led; Sequoia Capital: 3 rounds, 1 led; Greylock: 3 rounds, 1 led; General Catalyst: 3 rounds, 0 led; Y Combinator: 3 rounds, 0 ledLedJoined Andreessen Horowitz 5 rounds · 2 led Lightspeed Venture Partners 4 rounds · 2 led Bessemer Venture Partners 4 rounds · 2 led Accel 4 rounds · 2 led Spark Capital 3 rounds · 2 led High-Tech Gründerfonds 3 rounds · 2 led Sequoia Capital 3 rounds · 1 led Greylock 3 rounds · 1 led General Catalyst 3 rounds Y Combinator 3 rounds

The investor race, last 8 weeks

Ranked by rounds joined so far. Y Combinator finished first with 21 rounds over the last 8 weeks. The lead changed hands 3 times.

The investor race, the last 8 weeksY Combinator: ranks 5, 1, 2, 1, 1, 1, 1, 1, 21 rounds; Andreessen Horowitz: ranks 2, 4, 1, 2, 2, 2, 2, 2, 18 rounds; Bessemer Venture Partners: ranks 3, 5, 3, 3, 3, 3, 3, 3, 15 rounds; Accel: ranks 4, 2, 4, 4, 4, 4, 4, 4, 14 rounds; Sequoia Capital: ranks 1, 3, 5, 5, 5, 5, 5, 5, 11 rounds W30W31W32W33W34W35W36W37 Y Combinator 21 rounds · 1 led Andreessen Horowitz 18 rounds · 7 led Bessemer Venture Part… 15 rounds · 9 led Accel 14 rounds · 7 led Sequoia Capital 11 rounds · 7 led
Rounds joined so far, the last 8 weeks
InvestorWeek 30Week 31Week 32Week 33Week 34Week 35Week 36Week 37
Y Combinator2571113151821
Andreessen Horowitz338912121318
Bessemer Venture Partners3357991115
Accel3457891014
Sequoia Capital333577811

Where the rounds were

France raised $3.6B, 23% of the capital. Rounds in 17 countries, 30 with no country disclosed.

Capital by country, Week 37, 2026 (7 Sept to 13 Sept)France: $3.6B; United States: $1.1B; India: $225M; China: $175M; Singapore: $55M; United Kingdom: $37.6M; Germany: $16.5M; Egypt: $10M; Italy: $9.4M; Sweden: $8.9M; Chile: $8M; Belgium: $5.8M France $3.6B · 5 rounds United States $1.1B · 17 rounds India $225M · 10 rounds China $175M · 2 rounds Singapore $55M · 1 round United Kingdom $37.6M · 5 rounds Germany $16.5M · 4 rounds Egypt $10M · 1 round

The cities that raised

San Francisco raised $1.4B, more than all of Asia ($457M). Rounds from 35 cities.

Capital by city, Week 37, 2026 (7 Sept to 13 Sept)San Francisco: $1.4B; Kent: $1B; Munich: $458M; South San Francisco: $275M; Sunnyvale: $245M; New York: $160M; Bengaluru: $147M; Mexico City: $125M; Austin: $120M; Santa Clara: $100M; Shenzhen: $75M; Philadelphia: $60M San Francisco $1.4B · 7 rounds Kent $1B · 1 round Munich $458M · 3 rounds South San Francisco $275M · 1 round Sunnyvale $245M · 1 round New York $160M · 3 rounds

Rounds by stage

Series A was the most common stage: 20 rounds, median $22M. The median round size is under each column.

Rounds by stage, Week 37, 2026 (7 Sept to 13 Sept) 10 Pre $4.1M 11 Seed $4.6M 20 A $22M 2 B $17M 5 C $100M 3 D $115M 2 E+ $1.1B 5 Growth $40M 28 Other $21M
Rounds by stage, Week 37, 2026 (7 Sept to 13 Sept)
StageRoundsMedian round
Pre-Seed10$4.1M
Seed11$4.6M
Series A20$22M
Series B2$16.9M
Series C5$100M
Series D3$115M
Series E+2$1.1B
Growth5$40M
Other or undisclosed28$21M

Sectors against week 36

Biggest gain: AI, +$8.1B. Biggest drop: Cybersecurity, -$317M. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, Week 37, 2026 (7 Sept to 13 Sept) against week 36AI: +$8.1B; Other: +$2.6B; Robotics & Hardware: +$1.7B; Climate & Energy: -$5M; Fintech: -$26.3M; Consumer: -$30.9M; Enterprise software: -$41.3M; Health: -$177M; Cybersecurity: -$317M AI +$8.1B ×7.5 Other +$2.6B +190% Robotics & Hardware +$1.7B ×18 Climate & Energy -$5M -6% Fintech -$26.3M -40% Consumer -$30.9M -84% Enterprise software -$41.3M -45% Health -$177M -29% Cybersecurity -$317M -93%
Sectors against week 36
SectorsWeek 37, 2026 (7 Sept to 13 Sept)week 36Change
AI$9.4B$1.2B+$8.1B
Other$3.9B$1.4B+$2.6B
Robotics & Hardware$1.8B$98.3M+$1.7B
Climate & Energy$80.9M$85.9M-$5M
Fintech$39M$65.3M-$26.3M
Consumer$5.9M$36.8M-$30.9M
Enterprise software$49.6M$90.8M-$41.3M
Health$432M$609M-$177M
Cybersecurity$23.5M$340M-$317M

Countries against week 36

Biggest gain: United States, +$214M. Biggest drop: Germany, -$82.1M. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, Week 37, 2026 (7 Sept to 13 Sept) against week 36United States: +$214M; China: +$160M; India: +$89.7M; Singapore: +$49M; United Kingdom: +$25.6M; Spain: -$13.8M; Switzerland: -$32.6M; Germany: -$82.1M United States +$214M +24% China +$160M ×12 India +$89.7M +66% Singapore +$49M ×9.2 United Kingdom +$25.6M ×3.1 Spain -$13.8M -79% Switzerland -$32.6M -87% Germany -$82.1M -83%
Countries against week 36
CountriesWeek 37, 2026 (7 Sept to 13 Sept)week 36Change
United States$1.1B$905M+$214M
China$175M$15M+$160M
India$225M$136M+$89.7M
Singapore$55M$6M+$49M
United Kingdom$37.6M$11.9M+$25.6M
Spain$3.6M$17.4M-$13.8M
Switzerland$5M$37.6M-$32.6M
Germany$16.5M$98.6M-$82.1M

All rounds

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