Weekly edition

Week 39, 2026 (21 Sept to 27 Sept)

67 rounds and $3.8B raised. The biggest: TEKEVER, $580M.

Compared with week 38

Rounds
67 -37%
Capital raised
$3.8B -65%
Median round
$19M -3%

Average of the 4 weeks before: 85 rounds, $8.4B a week. This week is -54% on capital.

The week in charts

AI took 52% of the capital this week, down from 65% in week 38. $3.8B in all, down 65% on week 38.

Mega-rounds against the rest

11 of 67 rounds made 72% of the capital.

16% of the rounds were of $100M or more 16%of the rounds11 of 6772% of the capital came from rounds of $100M or more 72%of the capital$2.8B of $3.8B
Rounds of $100M or more, Week 39, 2026 (21 Sept to 27 Sept)
RoundsCapital
$100M or more11$2.8B
The rest56$1.1B

Capital raised per day

The busiest day: Wed 23 Sept, $1.5B across 17 rounds.

Capital raised per day, Week 39, 2026 (21 Sept to 27 Sept) Mon 21 Sept: $172M, 5 rounds; Tue 22 Sept: $1B, 24 rounds; Wed 23 Sept: $1.5B, 17 rounds; Thu 24 Sept: $1B, 18 rounds; Fri 25 Sept: $11.1M, 2 rounds; Sat 26 Sept: $0K, 0 rounds; Sun 27 Sept: $100M, 1 round $1B$2B Mon 21 Tue 22 Wed 23 Thu 24 Fri 25 Sat 26 Sun 27 $1.5B
Capital raised per day, Week 39, 2026 (21 Sept to 27 Sept)
DayRoundsCapitalBiggest round
Mon 21 Sept5$172MRainmaker, $100M
Tue 22 Sept24$1BSnorkel AI, $350M
Wed 23 Sept17$1.5BTEKEVER, $580M
Thu 24 Sept18$1BIsland, $400M
Fri 25 Sept2$11.1MDextr AI, $6.7M
Sat 26 Sept0$0K
Sun 27 Sept1$100MNumeral, $100M

Where the capital went

AI raised $2B, 52% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 39, 2026 (21 Sept to 27 Sept) 52% AI AI $2B 28 rounds 52% Health $465M 6 rounds 12% Cybersecurity $400M 1 round 10% Robotics & Hardware $356M 3 rounds 9% Fintech $265M 11 rounds 7% Other sectors $344M 18 rounds 9%
Capital by sector, Week 39, 2026 (21 Sept to 27 Sept)
SectorCapitalShareRounds
AI$2B52%28
Health$465M12%6
Cybersecurity$400M10%1
Robotics & Hardware$356M9%3
Fintech$265M7%11
Climate & Energy$211M6%4
Enterprise software$67.8M2%5
Other$62.2M2%7
Consumer$3.5M<1%2

The 10 biggest rounds

The 10 biggest rounds raised $2.7B, 69% of the total.

The 10 biggest rounds, Week 39, 2026 (21 Sept to 27 Sept)TEKEVER: $580M; Island: $400M; Snorkel AI: $350M; Space Epoch: $343M; Precision Neuroscience: $250M; Verda: $189M; Rightway: $155M; Brahma AI: $150M; Basecamp Research: $140M; Numeral: $100M TEKEVER $580M · Series D Island $400M · Series F Snorkel AI $350M S Space Epoch $343M Precision Neuroscience $250M · Series D Verda $189M · Series B Rightway $155M · Series E Brahma AI $150M Basecamp Research $140M · Series C Numeral $100M · Series C

Everyone who raised

67 companies raised $3.8B. A bigger tile is a bigger round.

Every company that raised, Week 39, 2026 (21 Sept to 27 Sept)SNLThe 67 biggest rounds, Week 39, 2026 (21 Sept to 27 Sept)SNL

Most active investors

Y Combinator joined 5 rounds, leading 1, more than any other investor.

Most active investors, Week 39, 2026 (21 Sept to 27 Sept)Y Combinator: 5 rounds, 1 led; Insight Partners: 4 rounds, 3 led; S32: 3 rounds, 2 led; Emergence Capital: 3 rounds, 1 led; Foothill Ventures: 3 rounds, 0 led; Global Founders Capital: 2 rounds, 2 led; Foundation Capital: 2 rounds, 1 led; General Catalyst: 2 rounds, 1 led; Nexus Venture Partners: 2 rounds, 1 led; Lightspeed Venture Partners: 2 rounds, 0 ledLedJoined Y Combinator 5 rounds · 1 led Insight Partners 4 rounds · 3 led S32 3 rounds · 2 led Emergence Capital 3 rounds · 1 led Foothill Ventures 3 rounds Global Founders Capital 2 rounds · 2 led Foundation Capital 2 rounds · 1 led General Catalyst 2 rounds · 1 led Nexus Venture Partners 2 rounds · 1 led Lightspeed Venture Partners 2 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 3, 2, 2, 1, 1, 1, 2, 1, 21 rounds; Andreessen Horowitz: ranks 1, 1, 1, 2, 2, 2, 1, 2, 17 rounds; General Catalyst: ranks 5, 4, 4, 4, 3, 4, 3, 3, 16 rounds; Lightspeed Venture Partners: ranks 2, 3, 3, 3, 4, 3, 4, 4, 15 rounds; Insight Partners: ranks 4, 5, 5, 5, 5, 5, 5, 5, 14 rounds W32W33W34W35W36W37W38W39 Y Combinator 21 rounds · 2 led Andreessen Horowitz 17 rounds · 7 led General Catalyst 16 rounds · 8 led Lightspeed Venture Pa… 15 rounds · 5 led Insight Partners 14 rounds · 11 led
Rounds joined so far, the last 8 weeks
InvestorWeek 32Week 33Week 34Week 35Week 36Week 37Week 38Week 39
Y Combinator2681013161621
Andreessen Horowitz569910151617
General Catalyst0134581416
Lightspeed Venture Partners2345591315
Insight Partners1111461014

Where the rounds were

United States raised $1.7B, 44% of the capital. Rounds in 15 countries, 21 with no country disclosed.

Capital by country, Week 39, 2026 (21 Sept to 27 Sept)United States: $1.7B; Portugal: $580M; China: $343M; United Kingdom: $145M; India: $88.6M; Spain: $56M; France: $53.9M; Netherlands: $50.6M; Egypt: $35M; Singapore: $28M; Belgium: $21M; Italy: $18.8M United States $1.7B · 21 rounds Portugal $580M · 1 round China $343M · 1 round United Kingdom $145M · 2 rounds India $88.6M · 3 rounds Spain $56M · 1 round France $53.9M · 4 rounds Netherlands $50.6M · 3 rounds

The cities that raised

New York raised $589M, more than all of Asia ($461M). Rounds from 31 cities.

Capital by city, Week 39, 2026 (21 Sept to 27 Sept)New York: $589M; San Francisco: $521M; Dallas: $400M; Helsinki: $189M; El Segundo: $100M; Bengaluru: $86.3M; Mountain View: $77M; Barcelona: $56M; Paris: $50.3M; Veldhoven: $45.9M; Greenwich: $34M; Palo Alto: $27.5M New York $589M · 8 rounds San Francisco $521M · 7 rounds Dallas $400M · 1 round Helsinki $189M · 1 round El Segundo $100M · 1 round Bengaluru $86.3M · 2 rounds

Rounds by stage

Seed was the most common stage: 14 rounds, median $4.7M. The median round size is under each column.

Rounds by stage, Week 39, 2026 (21 Sept to 27 Sept) 6 Pre $2M 14 Seed $4.7M 13 A $26M 7 B $55M 4 C $88M 2 D $415M 3 E+ $155M 18 Other $9.2M
Rounds by stage, Week 39, 2026 (21 Sept to 27 Sept)
StageRoundsMedian round
Pre-Seed6$2M
Seed14$4.7M
Series A13$26M
Series B7$55M
Series C4$87.5M
Series D2$415M
Series E+3$155M
Other or undisclosed18$9.2M

Sectors against week 38

Biggest gain: Cybersecurity, +$317M. Biggest drop: AI, -$5B. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, Week 39, 2026 (21 Sept to 27 Sept) against week 38Cybersecurity: +$317M; Health: +$164M; Consumer: -$6.5M; Climate & Energy: -$54.7M; Enterprise software: -$182M; Fintech: -$265M; Robotics & Hardware: -$817M; Other: -$1.1B; AI: -$5B Cybersecurity +$317M ×4.8 Health +$164M +54% Consumer -$6.5M -65% Climate & Energy -$54.7M -21% Enterprise software -$182M -73% Fintech -$265M -50% Robotics & Hardware -$817M -70% Other -$1.1B -95% AI -$5B -72%
Sectors against week 38
SectorsWeek 39, 2026 (21 Sept to 27 Sept)week 38Change
Cybersecurity$400M$83.3M+$317M
Health$465M$301M+$164M
Consumer$3.5M$10M-$6.5M
Climate & Energy$211M$266M-$54.7M
Enterprise software$67.8M$250M-$182M
Fintech$265M$530M-$265M
Robotics & Hardware$356M$1.2B-$817M
Other$62.2M$1.2B-$1.1B
AI$2B$7B-$5B

Countries against week 38

Biggest gain: India, +$76.4M. Biggest drop: United States, -$3.2B. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, Week 39, 2026 (21 Sept to 27 Sept) against week 38India: +$76.4M; Spain: +$50.4M; France: +$34.9M; Netherlands: -$184M; China: -$207M; Italy: -$251M; United Kingdom: -$341M; United States: -$3.2B India +$76.4M ×7.3 Spain +$50.4M ×10 France +$34.9M +184% Netherlands -$184M -78% China -$207M -38% Italy -$251M -93% United Kingdom -$341M -70% United States -$3.2B -65%
Countries against week 38
CountriesWeek 39, 2026 (21 Sept to 27 Sept)week 38Change
India$88.6M$12.2M+$76.4M
Spain$56M$5.6M+$50.4M
France$53.9M$19M+$34.9M
Netherlands$50.6M$234M-$184M
China$343M$550M-$207M
Italy$18.8M$270M-$251M
United Kingdom$145M$486M-$341M
United States$1.7B$4.9B-$3.2B

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