38 rounds closed this week for ~$4.6B deployed — up 440% from last week's ~$853M across 20. One check is most of that: Crusoe is ~$3B of the ~$4.6B, and it is reported rather than confirmed — the other 37 sum to ~$1.6B. Applied AI took 4 of the 38 checks; when one sector absorbs that share, partners in it answer cold decks faster — deployment pressure is visible. 83 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.
📊 The Week's Deployment
Stage | Rounds | Total deployed |
Pre-seed | 5 | ~$22.6M |
Seed | 12 | ~$124.3M |
Series A | 7 | ~$120.2M |
Series B | 4 | ~$636M |
Growth (Series C+) | 3 | ~$395M |
Most active sector: applied AI (4 of 38 rounds). Quietest: biotech (1).
✅ Who Wrote Checks
The full list, free, as always — 38 rounds with stage, sector, and lead investor:
Crusoe — $3B Undisclosed stage, no lead named, devtools (reported, not confirmed) · TechCrunch Venture |
Gimlet Labs — $300M Series B, led by Andreessen Horowitz, applied AI · finance.yahoo.com |
Medici Brands — $250M Series B, led by Greenoaks · pulse2.com |
Félix — $200M Growth (Series C+), led by Andreessen Horowitz · pulse2.com |
Lyte — $165M Growth (Series C+), led by Maverick Silicon, robotics · Business Wire |
Blank Street — $75M Undisclosed stage, led by General Atlantic · pulse2.com |
Ultrahuman — $70M Undisclosed stage, led by Qualcomm Ventures · Moneycontrol.com |
Superluminal Medicines — $60M Series B, led by BVF Partners, biotech · Unite.AI |
HyImpulse — €50M (~$55M) Undisclosed stage, led by OMVP · pulse2.com |
AIR Security — $50M Undisclosed stage, led by Sequoia Capital, cybersecurity · calcalistech.com |
Light — $46M Series A, led by Matrix · pulse2.com |
SciFin — $44M Seed, led by Altimeter · pulse2.com |
Aitan — $41M Undisclosed stage, led by Deep33 · pulse2.com |
PatientIQ — $30M Growth (Series C+), led by Hughes & Company, healthcare · pulse2.com |
Huskeys — $27M Series A, led by Blackstone Innovations Investments · pulse2.com |
Gridsight — $26M Series B, led by Insight Partners, climate · pulse2.com |
OpenReserve — $25M Seed, no lead named · Dealroom |
Atira — $17.5M Undisclosed stage, no lead named · Fortune |
iPremom — €15M (~$16.5M) Seed, led by Amadeus Capital Partners · pulse2.com |
Ringg AI — $15M Series A, led by Peak XV Partners, applied AI · pulse2.com |
Newcode — $13.5M Series A, no lead named, devtools · globallegalpost.com |
Critical Materials Group — $10.3M Seed, led by Overmatch Ventures, defense & space · Tectonic Defense |
DataAgent — $10M Pre-seed, led by MizMaa Ventures · pulse2.com |
Cloverleaf AI — $8M Series A, led by S3 Ventures, applied AI · pulse2.com |
Hivebotics — $6M Series A, led by Vertex Ventures, robotics · The Business Times |
Teragen Energy — $6M Pre-seed, led by BEVC, climate · pulse2.com |
AI Score — $5.4M Seed, no lead named, legal tech · globallegalpost.com |
Catch — $5M Seed, no lead named, applied AI · calcalistech.com |
Airbility — $4.7M Series A, led by Sazze Partners · pulse2.com |
ColibriTD — €4M (~$4.4M) Seed, led by Earlybird Venture Capital · pulse2.com |
Guickly — $4.2M Seed, led by Engineering Capital · pulse2.com |
Plenti — $3M Seed, led by Tether, fintech · pulse2.com |
3C Coding School — $3M Seed, no lead named · Tech In Africa |
S-Transistors — €2.6M (~$2.9M) Pre-seed, no lead named · The Quantum Insider |
Itoflow — $2.5M Pre-seed, led by Balderton · pulse2.com |
Dawraty — $2M Seed, no lead named, healthcare · Dealroom |
OTA Laters.com — $1.5M Seed, no lead named, fintech · PhocusWire |
ParlayX — $1.3M Pre-seed, led by Dreamcraft Ventures · CryptoRank |
🔍 Investor Spotlight: Andreessen Horowitz
Andreessen Horowitz wrote 2 checks in the last two weeks — 2 as lead (~$500M deployed). Led: Gimlet Labs ($300M Series B), Félix ($200M Growth (Series C+)). The pattern in the checks: applied AI with checks between $200M and $300M. A firm writing at that pace is deploying against a fresh fund, not trickling out of an old one — treat them as answerable this quarter.
Pitching any of this week’s check-writers? Get a VC-style read on your deck before you send it. 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 83 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.
Modal Labs, Inc. — ~$204.9M total offering, Form D filed August 31 · filing |
Gnau Inc. — ~$100.1M total offering, Form D filed September 1 · filing |
Felix Technologies Inc. — ~$87.8M total offering, Form D filed September 1 · filing |
Verse Enterprises, Inc. — ~$53.7M total offering, Form D filed September 4 · filing |
Dravite Therapeutics, Inc. — ~$53M total offering, Form D filed September 3 · filing |
Polaris Electro-Optics, Inc. — ~$49.5M total offering, Form D filed September 4 · 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.
ARCH Venture Fund XIV, L.P. — ~$3B in the filing, Form D filed August 31 · filing |
HOF Capital Strategic Opportunities Fund II, L.P. — ~$708.5M in the filing, Form D filed August 31 · filing |
Matter Venture Partners Fund II, L.P. — ~$450M in the filing, Form D filed September 1 · filing |
AVC Opportunities 2025, L.P. — ~$300M in the filing, Form D filed September 2 · filing |
True Ventures IX, L.P. — ~$172.5M in the filing, Form D filed September 4 · filing |
🎯 If You're Raising This Month
Seed is where the volume is: 12 of 38 rounds — 4 last week, 12 this week. Applied AI took 4 of 38 checks overall; if that's your lane, sequence outreach to the firms above this week — momentum begets attention. Biotech 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.