Weekly edition

Week 40, 2026 (28 Sept to 4 Oct)

78 rounds and $3.8B raised. The biggest: EliseAI, $350M.

Compared with week 39

Average of the 4 weeks before: 84 rounds, $8.6B a week. This week is -56% on capital.

The week in charts

AI took 45% of the capital this week, down from 52% in week 39. $3.8B in all, down 2% on week 39.

14 of 78 rounds made 68% of the capital.

Rounds of $100M or more, Week 40, 2026 (28 Sept to 4 Oct)
	Rounds	Capital
$100M or more	14	$2.6B
The rest	64	$1.2B

The busiest day: Wed 30 Sept, $1.7B across 25 rounds.

Capital raised per day, Week 40, 2026 (28 Sept to 4 Oct)
Day	Rounds	Capital	Biggest round
Mon 28 Sept	12	$230M	Quartermaster, $100M
Tue 29 Sept	18	$638M	Reverion, $175M
Wed 30 Sept	25	$1.7B	EliseAI, $350M
Thu 1 Oct	14	$628M	Armadin, $256M
Fri 2 Oct	5	$404M	PaleBlueDot AI, $200M
Sat 3 Oct	3	$103M	Volantis, $88M
Sun 4 Oct	1	$38M	doxx.net, $38M

AI raised $1.7B, 45% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 40, 2026 (28 Sept to 4 Oct)
Sector	Capital	Share	Rounds
AI	$1.7B	45%	38
Other	$537M	14%	12
Fintech	$465M	12%	8
Climate & Energy	$365M	10%	4
Health	$342M	9%	5
Enterprise software	$317M	8%	6
Robotics & Hardware	$23.3M	<1%	2
Consumer	$11.9M	<1%	3

The 10 biggest rounds raised $2.1B, 56% of the total.

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

The 72 biggest of 78. Open on a wider screen for all of them, or see every round below.

Andreessen Horowitz joined 4 rounds, leading 3, more than any other investor.

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

Rounds joined so far, the last 8 weeks
Investor	Week 33	Week 34	Week 35	Week 36	Week 37	Week 38	Week 39	Week 40
Y Combinator	4	6	8	11	14	14	19	21
General Catalyst	1	3	4	5	8	14	16	17
Andreessen Horowitz	1	4	4	5	10	11	12	16
Insight Partners	0	0	0	3	5	9	13	15
Accel	2	3	4	5	9	9	11	14

United States raised $2.1B, 56% of the capital. Rounds in 16 countries, 20 with no country disclosed.

Palo Alto raised $601M, more than all of Europe ($364M). Rounds from 39 cities.

Series A was the most common stage: 15 rounds, median $15M. The median round size is under each column.

Biggest gain: Enterprise software, +$249M. Biggest drop: Robotics & Hardware, -$333M. Change in capital raised. Only where both periods have rounds.

Sectors against week 39
Sectors	Week 40, 2026 (28 Sept to 4 Oct)	week 39	Change
Other	$537M	$62.2M	+$475M
Enterprise software	$317M	$67.8M	+$249M
Fintech	$465M	$265M	+$200M
Climate & Energy	$365M	$211M	+$154M
Consumer	$11.9M	$3.5M	+$8.4M
Health	$342M	$465M	-$123M
AI	$1.7B	$2B	-$298M
Robotics & Hardware	$23.3M	$356M	-$333M

Biggest gain: United States, +$437M. Biggest drop: United Kingdom, -$121M. Change in capital raised. Only where both periods have rounds.

Countries against week 39
Countries	Week 40, 2026 (28 Sept to 4 Oct)	week 39	Change
United States	$2.1B	$1.7B	+$437M
India	$205M	$88.6M	+$117M
Italy	$60.8M	$18.8M	+$42M
Brazil	$5.7M	$15.2M	-$9.5M
Belgium	$4.5M	$21M	-$16.4M
France	$34.4M	$53.9M	-$19.5M
United Kingdom	$23.9M	$145M	-$121M

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