Weekly edition

Week 43, 2026 (19 Oct to 25 Oct)

74 rounds and $21.5B raised. The biggest: DeepSeek, $15B.

Compared with week 42

Rounds
74 -20%
Capital raised
$21.5B ×6.2
Median round
$20M +67%

Average of the 4 weeks before: 84 rounds, $4.2B a week. This week is ×5.1 on capital.

The week in charts

AI took 92% of the capital this week, up from 51% in week 42. DeepSeek alone raised $15B, 70% of it.

Mega-rounds against the rest

16 of 74 rounds made 95% of the capital.

22% of the rounds were of $100M or more 22%of the rounds16 of 7495% of the capital came from rounds of $100M or more 95%of the capital$20.4B of $21.5B
Rounds of $100M or more, Week 43, 2026 (19 Oct to 25 Oct)
RoundsCapital
$100M or more16$20.4B
The rest58$1.1B

Capital raised per day

The busiest day: Thu 22 Oct, $15.7B across 18 rounds.

Capital raised per day, Week 43, 2026 (19 Oct to 25 Oct) Mon 19 Oct: $273M, 10 rounds; Tue 20 Oct: $2.7B, 18 rounds; Wed 21 Oct: $2.2B, 20 rounds; Thu 22 Oct: $15.7B, 18 rounds; Fri 23 Oct: $450M, 7 rounds; Sat 24 Oct: $0K, 0 rounds; Sun 25 Oct: $34M, 1 round $10B$20B Mon 19 Tue 20 Wed 21 Thu 22 Fri 23 Sat 24 Sun 25 $15.7B
Capital raised per day, Week 43, 2026 (19 Oct to 25 Oct)
DayRoundsCapitalBiggest round
Mon 19 Oct10$273MNouscom, $135M
Tue 20 Oct18$2.7BTenstorrent, $1.5B
Wed 21 Oct20$2.2BFlapping Airplanes, $1B
Thu 22 Oct18$15.7BDeepSeek, $15B
Fri 23 Oct7$450MWarp Sciences, $215M
Sat 24 Oct0$0K
Sun 25 Oct1$34MMave, $34M

Where the capital went

AI raised $19.8B, 92% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Week 43, 2026 (19 Oct to 25 Oct) 92% AI AI $19.8B 32 rounds 92% Health $301M 6 rounds 1% Enterprise software $284M 5 rounds 1% Robotics & Hardware $251M 6 rounds 1% Cybersecurity $100M 1 round <1% Other sectors $780M 24 rounds 4%
Capital by sector, Week 43, 2026 (19 Oct to 25 Oct)
SectorCapitalShareRounds
AI$19.8B92%32
Other$669M3%15
Health$301M1%6
Enterprise software$284M1%5
Robotics & Hardware$251M1%6
Cybersecurity$100M<1%1
Fintech$52.1M<1%4
Consumer$39.5M<1%3
Climate & Energy$19.4M<1%2

The 10 biggest rounds

The 10 biggest rounds raised $19.6B, 91% of the total.

The 10 biggest rounds, Week 43, 2026 (19 Oct to 25 Oct)DeepSeek: $15B; Tenstorrent: $1.5B; Flapping Airplanes: $1B; Legora: $550M; ASI: $325M; Otter.ai: $320M; Xona: $250M; Pigment: $250M; Warp Sciences: $215M; Whop: $205M DeepSeek $15B Tenstorrent $1.5B Flapping Airplanes $1B · Series A Legora $550M · Series E ASI $325M Otter.ai $320M Xona $250M · Series D Pigment $250M · Series E Warp Sciences $215M Whop $205M

Everyone who raised

74 companies raised $21.5B. A bigger tile is a bigger round.

Every company that raised, Week 43, 2026 (19 Oct to 25 Oct)AThe 63 biggest rounds, Week 43, 2026 (19 Oct to 25 Oct)A

The 63 biggest of 74. Open on a wider screen for all of them, or see every round below.

Most active investors

Sequoia Capital joined 3 rounds, leading 2, more than any other investor.

Most active investors, Week 43, 2026 (19 Oct to 25 Oct)Sequoia Capital: 3 rounds, 2 led; Accel: 3 rounds, 1 led; General Catalyst: 3 rounds, 0 led; Y Combinator: 3 rounds, 0 led; Khosla Ventures: 2 rounds, 2 led; Lux: 2 rounds, 1 led; Index Ventures: 2 rounds, 1 led; Bessemer Venture Partners: 2 rounds, 1 led; Menlo Ventures: 2 rounds, 1 led; Andreessen Horowitz: 2 rounds, 1 ledLedJoined Sequoia Capital 3 rounds · 2 led Accel 3 rounds · 1 led General Catalyst 3 rounds Y Combinator 3 rounds Khosla Ventures 2 rounds · 2 led Lux 2 rounds · 1 led Index Ventures 2 rounds · 1 led Bessemer Venture Partners 2 rounds · 1 led Menlo Ventures 2 rounds · 1 led Andreessen Horowitz 2 rounds · 1 led

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 5 times.

The investor race, the last 8 weeksY Combinator: ranks 2, 2, 4, 3, 3, 3, 1, 1, 21 rounds; Andreessen Horowitz: ranks 3, 1, 3, 4, 4, 1, 2, 2, 19 rounds; Insight Partners: ranks 1, 3, 2, 1, 1, 2, 3, 3, 18 rounds; Accel: ranks 5, 4, 5, 5, 5, 5, 4, 4, 18 rounds; General Catalyst: ranks 4, 5, 1, 2, 2, 4, 5, 5, 18 rounds W36W37W38W39W40W41W42W43 Y Combinator 21 rounds · 2 led Andreessen Horowitz 19 rounds · 11 led Insight Partners 18 rounds · 13 led Accel 18 rounds · 10 led General Catalyst 18 rounds · 6 led
Rounds joined so far, the last 8 weeks
InvestorWeek 36Week 37Week 38Week 39Week 40Week 41Week 42Week 43
Y Combinator3661113151821
Andreessen Horowitz167812171719
Insight Partners3591315161618
Accel155710101518
General Catalyst14101213141518

Where the rounds were

China raised $15B, 70% of the capital. Rounds in 20 countries, 31 with no country disclosed.

Capital by country, Week 43, 2026 (19 Oct to 25 Oct)China: $15B; Sweden: $550M; United States: $526M; France: $250M; Switzerland: $141M; Brazil: $130M; India: $67.5M; Israel: $34M; Portugal: $31.4M; Iceland: $21.5M; Netherlands: $20.2M; Finland: $16.6M China $15B · 1 round Sweden $550M · 1 round United States $526M · 17 rounds France $250M · 1 round Switzerland $141M · 2 rounds Brazil $130M · 1 round India $67.5M · 4 rounds Israel $34M · 1 round

The cities that raised

San Francisco raised $704M, more than all of South America ($130M). Rounds from 33 cities.

Capital by city, Week 43, 2026 (19 Oct to 25 Oct)San Francisco: $704M; Mountain View: $320M; Burlingame: $250M; Paris: $250M; Basel: $135M; Atlanta: $130M; London: $79.7M; New York: $74.3M; Chicago: $62M; Menlo Park: $62M; Bengaluru: $53M; Durham: $52M San Francisco $704M · 9 rounds Mountain View $320M · 1 round Burlingame $250M · 1 round Paris $250M · 1 round Basel $135M · 1 round Atlanta $130M · 1 round

Rounds by stage

Series A was the most common stage: 11 rounds, median $20M. The median round size is under each column.

Rounds by stage, Week 43, 2026 (19 Oct to 25 Oct) 9 Pre $1.1M 10 Seed $6.3M 11 A $20M 3 B $50M 2 C $64M 3 D $135M 2 E+ $400M 2 Growth $28M 32 Other $28M
Rounds by stage, Week 43, 2026 (19 Oct to 25 Oct)
StageRoundsMedian round
Pre-Seed9$1.1M
Seed10$6.3M
Series A11$20M
Series B3$50M
Series C2$64M
Series D3$135M
Series E+2$400M
Growth2$27.5M
Other or undisclosed32$28.2M

Sectors against week 42

Biggest gain: AI, +$18B. Biggest drop: Climate & Energy, -$190M. Change in capital raised. Only where both periods have rounds.

Change in capital by sectors, Week 43, 2026 (19 Oct to 25 Oct) against week 42AI: +$18B; Enterprise software: +$208M; Other: +$98M; Cybersecurity: +$96M; Health: +$38.2M; Robotics & Hardware: +$4.8M; Fintech: -$91.1M; Consumer: -$146M; Climate & Energy: -$190M AI +$18B ×11 Enterprise software +$208M ×3.7 Other +$98M +17% Cybersecurity +$96M ×25 Health +$38.2M +15% Robotics & Hardware +$4.8M +2% Fintech -$91.1M -64% Consumer -$146M -79% Climate & Energy -$190M -91%
Sectors against week 42
SectorsWeek 43, 2026 (19 Oct to 25 Oct)week 42Change
AI$19.8B$1.8B+$18B
Enterprise software$284M$76.3M+$208M
Other$669M$571M+$98M
Cybersecurity$100M$4M+$96M
Health$301M$262M+$38.2M
Robotics & Hardware$251M$246M+$4.8M
Fintech$52.1M$143M-$91.1M
Consumer$39.5M$185M-$146M
Climate & Energy$19.4M$210M-$190M

Countries against week 42

Biggest gain: France, +$155M. Biggest drop: United States, -$324M. Change in capital raised. Only where both periods have rounds.

Change in capital by countries, Week 43, 2026 (19 Oct to 25 Oct) against week 42France: +$155M; Spain: -$13.5M; United Kingdom: -$16.4M; Germany: -$86.7M; India: -$92.7M; United States: -$324M France +$155M +163% Spain -$13.5M -62% United Kingdom -$16.4M -87% Germany -$86.7M -91% India -$92.7M -58% United States -$324M -38%
Countries against week 42
CountriesWeek 43, 2026 (19 Oct to 25 Oct)week 42Change
France$250M$95.2M+$155M
Spain$8.4M$21.9M-$13.5M
United Kingdom$2.5M$19M-$16.4M
Germany$9M$95.7M-$86.7M
India$67.5M$160M-$92.7M
United States$526M$850M-$324M

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