20 rounds closed this week for ~$853M deployed — down 77% from last week's ~$3.7B across 33. Applied AI took 2 of the 20 checks; when one sector absorbs that share, partners in it answer cold decks faster — deployment pressure is visible. 86 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 | 2 | ~$9.3M |
Seed | 4 | ~$12.7M |
Series A | 7 | ~$212.5M |
Series B | 2 | ~$270M |
Growth (Series C+) | 1 | ~$200M |
Most active sector: applied AI (2 of 20 rounds). Quietest: climate (1).
✅ Who Wrote Checks
The full list, free, as always — 20 rounds with stage, sector, and lead investor:
REGENT Craft — $240M Series B, led by Mare Liberum, defense & space · Tectonic Defense |
Gatik — $200M Growth (Series C+), led by QIA, logistics · STT Info |
Cyclic Materials — $75M Undisclosed stage, led by T. Rowe Price · Pulse 2.0 |
HubX — $75M Series A, no lead named · Dealroom |
Third Wave Coffee — $43M Undisclosed stage, led by WestBridge Capital · dealstreetasia.com |
Deep Cogito — $43M Series A, no lead named · Yahoo Finance |
Yardstik — $30M Series B, no lead named · Pulse 2.0 |
CivilGrid — $26M Series A, no lead named, climate · Yahoo Finance Singapore |
Runable — $21M Undisclosed stage, led by Susquehanna Venture Capital · Moneycontrol.com |
Retro — $21M Series A, no lead named · Dealroom |
SiFly — $20M Series A, no lead named, robotics · Pulse 2.0 |
Onos Health — $17M Series A, no lead named, healthcare · Pulse 2.0 |
InspeCity — $10.5M Series A, no lead named · Via Satellite |
Atorie — $9.5M Undisclosed stage, no lead named, consumer · TechCrunch Venture |
Mara — $7M Pre-seed, no lead named, defense & space · Tectonic Defense |
Multiplier — $6M Seed, no lead named, applied AI · Yahoo Finance |
ColibriTD — €4M (~$4.4M) Seed, no lead named · Quantum Computing Report |
Solace Care — €2.1M (~$2.3M) Pre-seed, led by Spintop Ventures, healthcare · Arctic Today |
Leanwatts — $2M Seed, no lead named · Dealroom |
Beinsure — $300K Seed, no lead named, applied AI · Dealroom |
🔍 Investor Spotlight: Mare Liberum
Mare Liberum wrote 1 check in the last two weeks — 1 as lead (~$240M deployed). Led: REGENT Craft ($240M Series B). The pattern in the checks: defense & space. One check proves appetite, not pace — but a lead this size is conviction, not clean-up. Worth a well-aimed approach while the thesis is warm.
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 86 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.
Databricks, Inc. — ~$241.2M total offering, Form D filed August 27 · filing |
Generalist AI, Inc. — ~$198.2M total offering, Form D filed August 24 · filing |
Epicrispr Biotechnologies, Inc. — ~$176.8M total offering, Form D filed August 26 · filing |
Heights Management Holdco, LLC — ~$146.3M total offering (amended filing — extension or upsize), Form D filed August 26 · filing |
ICON Technology, Inc. — ~$114.9M total offering, Form D filed August 26 · filing |
Unrivaled, LLC — ~$106.3M total offering (amended filing — extension or upsize), Form D filed August 28 · 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.
Khosla Ventures Moonshot, LLC — ~$800M in the filing, Form D filed August 27 · filing |
AMDT Resilience L.P. — ~$500M in the filing, Form D filed August 24 · filing |
Hanabi Capital Fund II, L.P. — ~$500M in the filing, Form D filed August 24 · filing |
Transpose Platform BOV III, L.P. — ~$500M in the filing, Form D filed August 25 · filing |
OpenAI Startup Fund II, L.P. — ~$400M in the filing, Form D filed August 26 · filing |
🎯 If You're Raising This Month
Series A is where the volume is: 7 of 20 rounds — 9 last week, 7 this week. Applied AI took 2 of 20 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.