What's happening: AI fuels a 17% surge in 2025 venture fundraising despite fewer deals
Venture fundraising jumped to $119.5 billion in 2025, up 16.9% from the prior year, while the total number of rounds fell 41% to 4,859, marking a six‑year low. Capital concentrated in larger, AI‑focused rounds, with AI startups capturing 58% of Series D cash, and median valuations rose across all stages.
Also developing:

Fintech investors continued to pour capital into niche infrastructure this week, with Confido securing $9 million to expand its legal‑tech payment platform, and Morocco‑based WafR raising $4 million to grow a digital network for corner stores. In the U.S., health‑spending paytech Burst closed a $2.1 million seed round, while Platinum Credit Uganda obtained a $4 million term facility to broaden its loan suite. Meanwhile, liquid‑staking specialist TruFin and shareholder‑communication platform Proxymity each attracted strategic investments from Standard Chartered’s SC Ventures and Euroclear respectively, underscoring broader confidence in specialized fintech layers.

OpenAI closed a record‑breaking $110 billion funding round, with Amazon contributing $50 billion—$15 billion now and $35 billion later. The deal also ties OpenAI to Amazon Web Services, committing $100 billion in cloud spend over eight years and integrating Amazon’s Trainium chips. A new Stateful...

Handl Health announced a $14.2 million Series A round led by Arthur Ventures, aimed at scaling its unified health‑plan platform for brokers, carriers, and TPAs. The solution aggregates pricing, utilization, benefit, and quality data to let employers model and continuously...

Deepinder Goyal’s new venture Temple closed a $54 million friends‑and‑family round, valuing the stealth‑mode startup at roughly $190 million post‑money. Goyal contributed ₹104.07 crore, while Steadview Capital, Dharana Fund, Peak XV Partners and Aaroh Fund led the institutional side. More than 30 Temple employees...

Dash0, an AI‑native cloud‑monitoring platform founded in 2023, is in talks with Balderton Capital to lead a new funding round that would value the company at $1 billion, elevating it to unicorn status. The New‑York‑based startup, which retains a strong operational...
The NBER study compiled the first large‑scale dataset of 614 U.S. venture‑capital‑backed startups that faced fraud charges since 2000. It shows VC‑backed firms are 54% more likely to be charged with fraud than comparable non‑VC firms in a public‑company subsample....

Old Well Labs, a Charlotte‑based AI fintech, announced it has closed a new funding round. The round was led by Nellore Capital and included TFJ Capital, Capital Allocators, Teamworthy Ventures and Hammoud Ventures, though the amount remains undisclosed. The capital...
In this episode Max Bray and Juliet Bailin of Kindred Capital discuss the current state of venture capital, focusing on LP conviction, the challenges of fundraising in a tough macro environment, and the emerging split between large, secure funds and...
Handpickd, the farm‑to‑home fresh food platform, is extending its product line into freshly milled flours and pounded spices, aiming for the segment to generate 20% of its revenue by the end of the next fiscal year. The company currently operates...

The UK legal‑tech sector secured a record £188.8 million in 2025, a 35% increase over the prior year, according to LawtechUK’s Investment Snapshot. Twenty home‑grown firms raised £42 million in the second half of the year, with an average raise of £2.1 million,...

Origa, a voice‑AI startup focused on consultative pre‑sales conversations, closed a $450,000 funding round led by Antler Singapore, bringing its total capital to $1 million. The company will use the capital to grow its engineering team, enhance product capabilities, and scale...

Proptech startup Spintly announced an $8 million Series A round, led by Accel with participation from ENRISSION India, Chakra Growth Fund, Alumni Ventures and Spyre VC. The financing follows a Rs 3.5 crore seed extension last year and an earlier $5.36 million round, underscoring investor confidence...

Defence‑tech startup Constelli announced a $20 million Series A round led by General Catalyst, with participation from 360 One Asset Management and existing backer Pravega Ventures. The capital will fund R&D for next‑generation electronic warfare and communication payloads across drones, ground systems, naval...
Third Way Health announced an oversubscribed $15 million Series A round led by Health Velocity Capital, with Kristin Torres Mowat as the lead investor. The new capital lifts the company’s total funding to $22.5 million, earmarked for product development and scaling operations. The...

PitchBook’s new VC Emerging Opportunities report analyzes over 25,000 early‑stage firms across 12 technology verticals, combining machine‑learning exit predictions with macro indicators. Deal value rose 17.5% year‑over‑year while median pre‑money valuations jumped 28.8%, though first‑time financings fell 19%. SaaS leads...

In a recent podcast, Usman "Oz" Khan, senior vice president of ADP Ventures, explained how the unit operates as both an incubation lab and a venture‑investment arm to surface emerging workplace technologies. ADP Ventures runs recurring ideation cycles that align...

Defense AI startup NODA AI announced a $25 million Series A round, led by Bessemer Venture Partners and joined by Booz Allen Ventures, Draper Associates, Bloomberg Beta and Alumni Ventures. The Austin‑based company builds AI software that orchestrates mixed fleets of autonomous...

In this episode, Jared Gaiman, co‑founder of Boxed and current CEO of Spresso, recounts the rise of Boxed from a $187 M e‑commerce business to its Chapter 11 filing and subsequent pivot to a $5 M ARR SaaS model focused on enterprise software...

Prominent open‑source developers and venture investor Konstantin Vinogradov have launched the Open Source Endowment, a nonprofit 501(c)(3) aimed at creating a permanent funding source for critical open‑source projects. The initiative has secured over $750,000 in commitments from more than 50...
SHINE Technologies announced a $240 million equity raise led by NantWorks, bringing its total funding above $1 billion. The round adds Dr. Patrick Soon‑Shiong to the board, linking the fusion firm with a serial biotech entrepreneur. SHINE will use the capital to...
YOU(th) has secured US$4.5 million to scale its AI‑driven smartphone health‑screening platform, which evaluates over 50 digital biomarkers in under two minutes. The round was led by Callisto Health with participation from caesar., adesso Ventures, Antler, Moonstone, 1024 Ventures and notable...

Trace, a Boston-based workflow orchestration startup, announced a $3 million seed round led by Y Combinator and several venture firms. The company builds a knowledge graph from enterprise tools such as email, Slack and Airtable to give AI agents the contextual...

Latino‑founded startup Applevel announced a $40 million valuation after scaling its platform that syncs WhatsApp conversations into the GoHighLevel CRM and adds OpenAI‑driven response automation. The solution now serves over 4,500 active users in more than 36 countries and has recruited...
India’s healthcare landscape is rapidly pivoting from multi‑speciality hospitals to single‑speciality providers such as eye‑care, fertility and dialysis clinics. The shift is fueled by rising health‑insurance coverage, an ageing population and strong private‑capital appetite. While the overall market is projected...
Elena Sakach, partner at GV, leverages her fintech background to back growth‑stage, “compounding” startups such as Stripe, Ramp and emerging AI‑driven firms. She emphasizes that successful fintechs build trust‑based relationships, expansion economics, and core infrastructure roles, while AI is reshaping...

NationGraph announced an $18 million Series A round, led by Menlo Ventures, to scale its AI‑native platform that helps companies navigate the fragmented U.S. government procurement market. The solution aggregates data from roughly 110,000 state, local and education agencies across four million...

In this episode, Joe Weisenthal and Tracy Alloway interview David George, head of growth at Andreessen Horowitz, about the massive $5 trillion private tech market and why the most high‑growth companies are staying private longer. George explains that deeper, more liquid...

Prayaan Capital announced a Rs 110 crore Series A round led by Peak XV Partners. The funding will fuel the build‑out of a technology‑enabled lending platform, expand its team and deepen presence in key Indian MSME markets. Founder Rangarajan Krishnan, who recently took a controlling...

Seraphim Space, a UK‑based venture capital firm dedicated to space technology, closed its latest early‑stage fund at over $100 million, backing 17 companies that blend advanced space tech with artificial intelligence. The portfolio targets sectors such as defence, climate mitigation, life‑science...

Nailinit, an Indian nail‑care brand, secured a pre‑seed round of Rs 2.5‑3 crore. The round was co‑led by Gruhas Collective Consumer Fund and Marsshot VC, with participation from several angel investors including Razorpay co‑founder Shashank Kumar. The capital will fund expansion across...
UpGuard, the Hobart‑based cybersecurity firm, closed a $75 million Series C round led by Springcoast Capital, with participation from August Capital, Square Peg and Pelion Venture Partners. The capital will accelerate development of its AI‑powered cyber‑risk posture management (CRPM) platform, expand go‑to‑market operations,...

Venture capitalists increasingly label pitches as “too early,” a phrase that often masks deeper concerns about product validation, market readiness, or fit rather than pure timing. At a Melbourne Growth Summit, Rampersand’s Paul Naphtali explained that the comment can be a...

Gushwork, an India‑founded startup, closed a $9 million seed round that values it at $33 million post‑money. The company’s AI‑driven platform creates search‑optimized content, builds backlinks, and tracks leads to help businesses appear in AI‑powered search results such as ChatGPT and Gemini....
World Labs, a San Francisco‑based spatial intelligence firm, announced a $1 billion financing round on February 25, 2026. The round attracted a roster of strategic backers including AMD, Autodesk, Emerson Collective, Fidelity Management & Research, NVIDIA and Sea. The capital will accelerate development of...

Baba, a patient‑advocacy startup for seniors, announced its emergence from stealth with a $6.5 million seed round led by General Catalyst. The platform blends dedicated nurses and social‑workers with an AI companion to resolve insurance denials, scheduling gaps, and other operational...
ElastixAI announced an $18 million seed round, backing its mission to cut the high costs of generative‑AI inference. The Seattle‑based startup was founded by former Apple and Meta machine‑learning researchers. Its flagship software converts off‑the‑shelf FPGA servers into high‑efficiency AI supercomputers....
Autodesk announced a $200 million investment in World Labs, marking the largest startup deal in its history. The funding pushes World Labs' total capital to $1 billion and backs its Marble platform, which creates 3D environments from images, video, or text. Autodesk...
Heron Power announced a $140 million Series B round to launch gigawatt‑scale production of solid‑state transformers for data centers and the electric grid. The round, led by Andreessen Horowitz’s American Dynamism Fund and Breakthrough Energy Ventures, follows a $38 million Series A raised in...
ZaiNar has emerged from nine years of stealth with a Physical AI platform that transforms any wireless network into a continuous, low‑power sensing system, eliminating the need for satellites, cameras, or dedicated beacons. The technology provides precise, real‑time location data...

Venture capital in Africa is pivoting from fintech to solar microgrid projects as investors chase more predictable, asset‑backed returns. After a fintech boom between 2016‑2021, market saturation, rising customer‑acquisition costs and tighter regulation have eroded margins. Solar microgrids, backed by...

NationGraph, an AI-native intelligence platform helping businesses win government contracts, announced an $18 million Series A round. The financing was led by Menlo Ventures and included Perplexity’s Fund, XYZ Venture Capital, Reach Capital, and several angels. The capital brings the company’s total...
Patientdesk AI, a Y Combinator W26 startup, secured a $1 million pre‑seed round led by Y Combinator and E2VC to build an AI‑powered front‑desk system for dental practices. The platform automates the entire patient intake flow—answering calls, qualifying prospects, scheduling appointments,...

WebN Group, the blockchain incubator backed by billionaire Alan Howard, is shutting down after seeding a portfolio that includes KAIO, Twinstake, TruFin and Geometry. The venture studio also received backing from Nomura’s Laser Digital and has moved several staff members...

Chamber Cardio announced a $60 million Series A round in February 2026, led by Frist Cressey Ventures and backed by General Catalyst, Optum Ventures, Healthworx and other investors. The startup offers a two‑sided platform that connects payers with cardiology practices, embedding workflow‑native AI...

TechCrunch is calling seasoned founders, investors, and operators to speak at its Founder Summit 2026 in Boston on June 9. The event will host over 1,000 founders and investors, featuring 30‑minute, discussion‑only roundtables where speakers share real scaling experiences without slides....

Guidde, an Israeli AI‑driven digital adoption platform, announced a $50 million Series B round. The financing was led by PSG Equity and included strategic investors monday.com, Norwest, Entrée Capital, Qualcomm Ventures, and Inkberry Ventures. The capital will accelerate the company’s global rollout...

TBD, a New York‑based prediction‑market protocol provider, announced a $3 million funding round. The round was led by CMT Digital and ParaFi, with participation from Jump Crypto. The capital will be deployed to scale operations and accelerate development of its verified...

Rowspace, a San Francisco‑New York AI platform for institutional financial data, announced a combined $50 million raise across seed and Series A rounds. The Series A was co‑led by Sequoia and Emergence Capital, while the seed round was also led by Sequoia with...
Brainomix announced a £18.8 million Series C extension, adding £4.8 million to accelerate its AI‑driven imaging platforms. The capital will fund rapid US deployment of Brainomix 360 Stroke, which automates acute stroke assessment, and E‑Lung, a CT‑based tool for fibrosing lung disease. The company, already...
The analysis identifies the eight most active venture capital firms headquartered in New York City during 2025, based on the number of investments they made in NYC‑based startups across all stages. It counts only deals where the target company is...