Weekly edition · Week 46

9 to 15 November 2026

61 rounds and $5.8B raised. The biggest: Mirendil, $1B.

Rounds: 61 -14%
Capital raised: $5.8B -68%
Median round: $24M +133%

vs the week of 2 to 8 Nov · week still running · 4-week average $11.9B-51%

The week in charts

AI took 83% of the capital this week so far, up from 73% the week of 2 to 8 Nov.

The 10 biggest rounds

The 10 biggest rounds raised $4.7B, 81% of the total.

Mega-rounds against the rest

10 of 61 rounds made 81% of the capital.

Rounds of $100M or more, 9 to 15 November 2026
	Rounds	Capital
$100M or more	10	$4.7B
The rest	51	$1.1B

Capital raised per day

The busiest day: Thu 12 Nov, $3B across 17 rounds.

Capital raised per day, 9 to 15 November 2026
Day	Rounds	Capital	Biggest round
Mon 9 Nov	12	$621M	Onodrim Industries, $300M
Tue 10 Nov	18	$1.3B	Mercor, $750M
Wed 11 Nov	14	$825M	Torus, $500M
Thu 12 Nov	17	$3B	Mirendil, $1B

Where the capital went

AI raised $4.8B, 83% of the capital. Choose a sector to filter the rounds below.

Capital by sector, 9 to 15 November 2026
Sector	Capital	Share	Rounds
AI	$4.8B	83%	32
Robotics & Hardware	$377M	6%	3
Other	$185M	3%	9
Fintech	$185M	3%	4
Health	$121M	2%	7
Web3	$50M	<1%	1
Climate & Energy	$46.3M	<1%	2
Cybersecurity	$27M	<1%	1
Enterprise software	$3.2M	<1%	2

Most active investors

General Catalyst joined 6 rounds, leading 2, more than any other investor.

The investor race, last 8 weeks

Ranked by rounds joined so far. Y Combinator leads with 23 rounds over the last 8 weeks. The lead changed hands twice.

Rounds joined so far, the last 8 weeks
Investor	Week 39	Week 40	Week 41	Week 42	Week 43	Week 44	Week 45	Week 46
Y Combinator	5	7	9	12	16	22	22	23
General Catalyst	2	3	4	5	7	12	13	19
Andreessen Horowitz	1	5	10	10	12	12	16	17
Sequoia Capital	1	2	4	5	8	10	12	15
Accel	2	5	5	10	12	12	13	14

Where the rounds were

United States raised $2.2B, 38% of the capital. Rounds in 15 countries, 15 with no country disclosed.

The cities that raised

London raised $1.4B, more than all of Asia ($31M). Rounds from 17 cities.

Rounds by stage

Series A was the most common stage: 15 rounds, median $25M. The median round size is under each column.

Rounds by stage, 9 to 15 November 2026
Stage	Rounds	Median round
Pre-Seed	3	$2.7M
Seed	8	$19M
Series A	15	$25M
Series B	7	$30M
Series C	7	$100M
Series D	1	$750M
Other or undisclosed	20	$12M

Sectors against the week of 2 to 8 Nov

Biggest gain: Fintech, +$91.5M. Biggest drop: AI, -$8.5B. Change in capital raised, 9 to 15 November 2026 so far against the whole of the week of 2 to 8 Nov. Only where both periods have rounds.

Sectors against the week of 2 to 8 Nov
Sectors	9 to 15 November 2026	the week of 2 to 8 Nov	Change
Fintech	$185M	$93.5M	+$91.5M
Web3	$50M	$26.6M	+$23.4M
Cybersecurity	$27M	$8M	+$19M
Enterprise software	$3.2M	$5.6M	-$2.5M
Health	$121M	$166M	-$45.7M
Climate & Energy	$46.3M	$357M	-$311M
Other	$185M	$1.4B	-$1.3B
Robotics & Hardware	$377M	$2.7B	-$2.4B
AI	$4.8B	$13.3B	-$8.5B

Countries against the week of 2 to 8 Nov

Biggest gain: United Kingdom, +$631M. Biggest drop: United States, -$14.8B. Change in capital raised, 9 to 15 November 2026 so far against the whole of the week of 2 to 8 Nov. Only where both periods have rounds.

Countries against the week of 2 to 8 Nov
Countries	9 to 15 November 2026	the week of 2 to 8 Nov	Change
United Kingdom	$770M	$139M	+$631M
Canada	$89.9M	$35M	+$54.9M
France	$40.1M	$8M	+$32.2M
Denmark	$28.2M	$22.5M	+$5.6M
China	$15M	$200M	-$185M
India	$16M	$214M	-$198M
Germany	$56.7M	$273M	-$216M
United States	$2.2B	$17B	-$14.8B