Weekly edition

Week 42, 2026 (12 Oct to 18 Oct)

92 rounds and $3.5B raised. The biggest: Modal Labs, $750M.

Compared with week 41

Rounds
92 -7%
Capital raised
$3.5B -40%
Median round
$12M -31%

Average of the 4 weeks before: 88 rounds, $6B a week. This week is -42% on capital.

The week in charts

AI took 51% of the capital this week, up from 46% in week 41. $3.5B in all, down 40% on week 41.

Mega-rounds against the rest

6 of 92 rounds made 49% of the capital.

7% of the rounds were of $100M or more 7%of the rounds6 of 9249% of the capital came from rounds of $100M or more 49%of the capital$1.7B of $3.5B
Rounds of $100M or more, Week 42, 2026 (12 Oct to 18 Oct)
RoundsCapital
$100M or more6$1.7B
The rest86$1.8B

Capital raised per day

The busiest day: Wed 14 Oct, $1.3B across 28 rounds.

Capital raised per day, Week 42, 2026 (12 Oct to 18 Oct) Mon 12 Oct: $264M, 9 rounds; Tue 13 Oct: $964M, 29 rounds; Wed 14 Oct: $1.3B, 28 rounds; Thu 15 Oct: $480M, 22 rounds; Fri 16 Oct: $469M, 4 rounds; Sat 17 Oct: $0K, 0 rounds; Sun 18 Oct: $0K, 0 rounds $500M$1B$1.5B Mon 12 Tue 13 Wed 14 Thu 15 Fri 16 Sat 17 Sun 18 $1.3B
Capital raised per day, Week 42, 2026 (12 Oct to 18 Oct)
DayRoundsCapitalBiggest round
Mon 12 Oct9$264MHone, $60M
Tue 13 Oct29$964MICON, $200M
Wed 14 Oct28$1.3BModal Labs, $750M
Thu 15 Oct22$480MStand, $70M
Fri 16 Oct4$469MOMass Therapeutics, $310M
Sat 17 Oct0$0K
Sun 18 Oct0$0K

Where the capital went

AI raised $1.8B, 51% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 42, 2026 (12 Oct to 18 Oct) 51% AI AI $1.8B 45 rounds 51% Health $262M 11 rounds 8% Robotics & Hardware $246M 5 rounds 7% Climate & Energy $210M 7 rounds 6% Consumer $185M 3 rounds 5% Other sectors $794M 21 rounds 23%
Capital by sector, Week 42, 2026 (12 Oct to 18 Oct)
SectorCapitalShareRounds
AI$1.8B51%45
Other$571M16%10
Health$262M8%11
Robotics & Hardware$246M7%5
Climate & Energy$210M6%7
Consumer$185M5%3
Fintech$143M4%5
Enterprise software$76.3M2%5
Cybersecurity$4M<1%1

The 10 biggest rounds

The 10 biggest rounds raised $2B, 58% of the total.

The 10 biggest rounds, Week 42, 2026 (12 Oct to 18 Oct)Modal Labs: $750M; OMass Therapeutics: $310M; ICON: $200M; Scanntech: $180M; Soufflé Therapeutics: $135M; Salience Labs: $125M; Suki: $90M; Abby Care: $82M; 1KOMMA5°: $78.3M; Stand: $70M Modal Labs $750M · Series D OMass Therapeutics $310M · Series C I ICON $200M · Series D Scanntech $180M · Series F Soufflé Therapeutics $135M · Series B Salience Labs $125M · Series B Suki $90M · Series E Abby Care $82M · Series C 1KOMMA5° $78.3M S Stand $70M · Series C

Everyone who raised

92 companies raised $3.5B. A bigger tile is a bigger round.

Every company that raised, Week 42, 2026 (12 Oct to 18 Oct)ISHZCSNFThe 72 biggest rounds, Week 42, 2026 (12 Oct to 18 Oct)ISHZCSN

The 72 biggest of 92. Open on a wider screen for all of them, or see every round below.

Most active investors

Accel joined 5 rounds, leading 3, more than any other investor.

Most active investors, Week 42, 2026 (12 Oct to 18 Oct)Accel: 5 rounds, 3 led; Index Ventures: 4 rounds, 1 led; a16z speedrun: 3 rounds, 1 led; Y Combinator: 3 rounds, 0 led; British Business Bank: 2 rounds, 1 led; Khosla Ventures: 2 rounds, 1 led; Hitachi Ventures: 2 rounds, 1 led; Lightspeed Venture Partners: 2 rounds, 1 led; 3one4 Capital: 2 rounds, 1 led; Menlo Ventures: 2 rounds, 0 ledLedJoined Accel 5 rounds · 3 led Index Ventures 4 rounds · 1 led a16z speedrun 3 rounds · 1 led Y Combinator 3 rounds British Business Bank 2 rounds · 1 led Khosla Ventures 2 rounds · 1 led Hitachi Ventures 2 rounds · 1 led Lightspeed Venture Partners 2 rounds · 1 led 3one4 Capital 2 rounds · 1 led Menlo Ventures 2 rounds

The investor race, last 8 weeks

Ranked by rounds joined so far. Y Combinator finished first with 20 rounds over the last 8 weeks. The lead changed hands 4 times.

The investor race, the last 8 weeksY Combinator: ranks 1, 1, 1, 3, 3, 2, 2, 1, 20 rounds; Andreessen Horowitz: ranks 4, 5, 3, 4, 4, 4, 1, 2, 17 rounds; Insight Partners: ranks 5, 2, 4, 2, 1, 1, 3, 3, 16 rounds; Accel: ranks 2, 3, 2, 5, 5, 5, 5, 4, 16 rounds; General Catalyst: ranks 3, 4, 5, 1, 2, 3, 4, 5, 16 rounds W35W36W37W38W39W40W41W42 Y Combinator 20 rounds · 2 led Andreessen Horowitz 17 rounds · 10 led Insight Partners 16 rounds · 13 led Accel 16 rounds · 10 led General Catalyst 16 rounds · 6 led
Rounds joined so far, the last 8 weeks
InvestorWeek 35Week 36Week 37Week 38Week 39Week 40Week 41Week 42
Y Combinator258813151720
Andreessen Horowitz01678121717
Insight Partners035913151616
Accel12668111116
General Catalyst1251113141516

Where the rounds were

United States raised $850M, 24% of the capital. Rounds in 13 countries, 35 with no country disclosed.

Capital by country, Week 42, 2026 (12 Oct to 18 Oct)United States: $850M; Uruguay: $180M; India: $160M; Germany: $95.7M; France: $95.2M; Czech Republic: $33.1M; Spain: $21.9M; United Kingdom: $19M; Singapore: $7.6M; Argentina: $6.4M; Norway: $6.3M; Lithuania: $5.6M United States $850M · 26 rounds Uruguay $180M · 1 round India $160M · 10 rounds Germany $95.7M · 3 rounds France $95.2M · 4 rounds Czech Republic $33.1M · 2 rounds Spain $21.9M · 1 round United Kingdom $19M · 5 rounds

The cities that raised

San Francisco raised $424M, more than all of Europe ($280M). Rounds from 32 cities.

Capital by city, Week 42, 2026 (12 Oct to 18 Oct)San Francisco: $424M; Oxford: $310M; Austin: $229M; Boston: $180M; New York: $153M; Hamburg: $128M; Redwood City: $90M; Portland: $65M; Lyon: $56M; London: $56M; Oakland: $55M; Mumbai: $44.1M San Francisco $424M · 14 rounds Oxford $310M · 1 round Austin $229M · 2 rounds Boston $180M · 3 rounds New York $153M · 9 rounds Hamburg $128M · 2 rounds

Rounds by stage

Seed was the most common stage: 26 rounds, median $5.9M. The median round size is under each column.

Rounds by stage, Week 42, 2026 (12 Oct to 18 Oct) 9 Pre $3.4M 26 Seed $5.9M 15 A $13M 10 B $50M 5 C $70M 3 D $200M 2 E+ $135M 3 Growth $21M 19 Other $13M
Rounds by stage, Week 42, 2026 (12 Oct to 18 Oct)
StageRoundsMedian round
Pre-Seed9$3.4M
Seed26$5.9M
Series A15$12.5M
Series B10$50M
Series C5$70M
Series D3$200M
Series E+2$135M
Growth3$21M
Other or undisclosed19$13.4M

Sectors against week 41

Biggest gain: Consumer, +$141M. Biggest drop: AI, -$852M. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, Week 42, 2026 (12 Oct to 18 Oct) against week 41Consumer: +$141M; Enterprise software: +$25.9M; Cybersecurity: -$26M; Fintech: -$174M; Health: -$221M; Climate & Energy: -$328M; Robotics & Hardware: -$342M; Other: -$494M; AI: -$852M Consumer +$141M ×4.2 Enterprise software +$25.9M +51% Cybersecurity -$26M -87% Fintech -$174M -55% Health -$221M -46% Climate & Energy -$328M -61% Robotics & Hardware -$342M -58% Other -$494M -46% AI -$852M -32%
Sectors against week 41
SectorsWeek 42, 2026 (12 Oct to 18 Oct)week 41Change
Consumer$185M$44.4M+$141M
Enterprise software$76.3M$50.5M+$25.9M
Cybersecurity$4M$30M-$26M
Fintech$143M$317M-$174M
Health$262M$483M-$221M
Climate & Energy$210M$538M-$328M
Robotics & Hardware$246M$589M-$342M
Other$571M$1.1B-$494M
AI$1.8B$2.6B-$852M

Countries against week 41

Biggest gain: India, +$82.2M. Biggest drop: United States, -$1.4B. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, Week 42, 2026 (12 Oct to 18 Oct) against week 41India: +$82.2M; Germany: +$70.9M; Spain: +$20.3M; Singapore: -$12.4M; France: -$25.6M; United Kingdom: -$204M; United States: -$1.4B India +$82.2M +105% Germany +$70.9M ×3.9 Spain +$20.3M ×13 Singapore -$12.4M -62% France -$25.6M -21% United Kingdom -$204M -91% United States -$1.4B -62%
Countries against week 41
CountriesWeek 42, 2026 (12 Oct to 18 Oct)week 41Change
India$160M$78M+$82.2M
Germany$95.7M$24.8M+$70.9M
Spain$21.9M$1.7M+$20.3M
Singapore$7.6M$20M-$12.4M
France$95.2M$121M-$25.6M
United Kingdom$19M$223M-$204M
United States$850M$2.2B-$1.4B

All rounds

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