25 rounds closed this week for ~$2.1B deployed — down 9% from last week's ~$2.3B across 30. Applied AI took 6 of the 25 checks; when one sector absorbs that share, partners in it answer cold decks faster — deployment pressure is visible. 106 more raises surfaced only in Form D filings, with no press coverage — fresh capital nobody is watching yet. If either is your lane, the window argues for sending your deck this week, not next.
🛠️ Corrections & counting notes
Counting note: TechCrunch reported OpenAI-backed Thrive Holdings raising $2B this week. Thrive Holdings is an AI holding company, not a startup round, so it is not in this week's round count or totals — noted here rather than dropped silently.
📊 The Week's Deployment
Stage | Rounds | Total deployed |
Pre-seed | 2 | ~$4.3M |
Seed | 7 | ~$1.1B |
Series A | 8 | ~$281.6M |
Series B | 6 | ~$302M |
Growth (Series C+) | 2 | ~$393M |
Most active sector: applied AI (6 of 25 rounds). Quietest: climate (1).
✅ Who Wrote Checks
The full list, free, as always — 25 rounds with stage, sector, and lead investor:
Discovery Loop — $1B Seed, lead undisclosed, applied AI · Dealroom |
Cambridge Aerospace — $300M Growth (Series C+), led by DFJ Growth, defense & space · Pulse 2.0 |
Aureka Biotechnologies — $100M Series B, lead undisclosed, biotech · BioSpace |
Yulu — $93M Growth (Series C+), led by GEF Capital · Entrackr |
InduPro — $77M Series B, lead undisclosed, biotech · FinSMEs |
Infinimmune — $75M Series A, lead undisclosed · Business Wire |
Corma — $60M Seed, led by Sequoia Capital, cybersecurity · TradingView |
Flagler Health — $50M Series B, lead undisclosed, healthcare · Business Wire |
Yuno — $45M Series B, lead undisclosed, fintech · FinTech Global |
Ore Energy — $43M Series A, lead undisclosed, climate · Pulse 2.0 |
Vals AI — $40M Series A, lead undisclosed, applied AI · Pulse 2.0 |
Centricity — $33.6M Series A, led by SMBC Asia Rising Fund · Dealroom |
Silicon Data — $30.5M Series A, lead undisclosed, applied AI · Pulse 2.0 |
Mindgard — $30M Series A, lead undisclosed, cybersecurity · Security Systems News |
Amplifica — $26M Series B, lead undisclosed · FinSMEs |
Axle — $17.5M Series A, led by Base10 Partners · Yahoo Finance |
HomeRun — $12M Series A, led by Nexus Venture Partners · therealtytoday.com |
Worldscape — $10M Seed, lead undisclosed, applied AI · Pulse 2.0 |
Sophiie AI — $5M Seed, lead undisclosed, applied AI · EIN Presswire |
Clarity Systems — $4.4M Seed, lead undisclosed · FinSMEs |
Meduloc — $4M Series B, led by GenHenn Capital · Pulse 2.0 |
Palette — €3M (~$3.3M) Pre-seed, led by Ugly Duckling, applied AI · Pulse 2.0 |
Wippi — $1.2M Seed, led by 12 Flags · Entrackr |
Cobi — $1M Pre-seed, lead undisclosed, fintech · FinTech Global |
HubCart — $100K Seed, lead undisclosed · Dealroom |
🔍 Investor Spotlight: Accel
Accel filed ~$3.5B of fresh powder across 4 new vehicles in one week — Growth Fund 8 ($1.4B), 17 ($800M), London 9 ($800M), India 9 ($550M). A firm that just closed is deploying, not defending: first checks out of a new vehicle move faster, anchor the thesis, and set the pace partners are judged on. If Accel is on your target list, be in their inbox this month, not next quarter.
Fit notes like this on every active firm — matched against your deck — live in Backable. Pitching any of this week’s check-writers? Get your free verdict first.
📄 Filing Watch
6 raises surfaced in SEC Form D filings this week that no outlet has covered. The 6 below are the largest of 106 venture-relevant Form Ds we tracked with no coverage. Quiet raises tell you two things: who has fresh capital without the spotlight, and which investors are moving without press. Both are outreach gold. One caveat: Form D lags some closings — treat it as a signal, not ground truth.
CodeRabbit Inc. — ~$143M total offering, Form D filed August 14 · filing |
iSchemaView, Inc. — ~$75M total offering (amended filing — extension or upsize), Form D filed August 14 · filing |
Claris Biotherapeutics, Inc. — ~$55.7M total offering (amended filing — extension or upsize), Form D filed August 12 · filing |
Alacriti Payments Inc. — ~$55M total offering (amended filing — extension or upsize), Form D filed August 14 · filing |
EarthGrid PBC — ~$52.8M total offering, Form D filed August 10 · filing |
Prana Therapies, Inc. — ~$40.2M total offering, Form D filed August 10 · filing |
💰 Fresh Dry Powder
5 venture funds filed Form Ds for their own new money this week. New funds mean deployment pressure on a clock — a firm that just closed is answering cold decks, not passing on them. Names and filings below.
Accel — ~$3.5B in the filing, Form D filed August 11 · filing |
Positive Sum Capital IV, LP — ~$400M in the filing, Form D filed August 12 · filing |
AV AI — ~$173.5M in the filing, Form D filed August 10 · filing |
FoundersX Force B, LP — ~$100M in the filing, Form D filed August 10 · filing |
Breakthrough Energy Ventures Special Situations I, L.P. — ~$100M in the filing, Form D filed August 11 · filing |
🎯 If You're Raising This Month
Series A is where the volume is: 8 of 25 rounds — 6 last week, 8 this week. Applied AI took 6 of 25 checks overall; if that's your lane, sequence outreach to the firms above this week — momentum begets attention. Climate saw 1; if that's you, plan for a longer conversation and lead with revenue, not narrative.
About to pitch? Don’t send the deck you have — send the deck that survives a partner meeting.
— Martin
Free forever. If this saved you an hour of funding-news archaeology, forward it to a founder who is raising.