# Startup funding in August 2026: Firmus Technologies's $2.0B Growth leads 220 rounds > We read 220 equity rounds announced in August 2026, raising $25B between them. The largest was Firmus Technologies's $2.0B Growth. The median seed round was $5. Source: https://millionrounds.com/news/monthly/2026-08 (Millionrounds; every figure on the page links to its filing or article) Equity rounds **220** announced in August, 207 with an amount Raised **$25B** across those rounds Lead named **80%** of rounds say who led Countries **35** where the month's rounds were raised ## The biggest rounds - [1 **Firmus Technologies** Growth · Australia **$2.0B**](https://millionrounds.com/company/firmus-technologies) - [2 **Thrive Holdings** Growth · United States · led by SoftBank BB Corp, Altimeter **$2.0B**](https://millionrounds.com/company/thrive-holdings) - [3 **Hadrian** Growth · United States · led by Valor Equity Partners, JP Morgan Chase **$1.4B**](https://millionrounds.com/company/hadrian) - [4 **ICEYE** Series F · Finland · led by Scaleup Europe Fund, EQT's Scaleup Europe Fund **$1.2B**](https://millionrounds.com/company/iceye) - [5 **River AI** Series A · United States · led by General Catalyst, AMP PBC **$1.1B**](https://millionrounds.com/company/river-ai) - [6 B **Base Power** Series D · United States · led by Valor Equity Partners, Ribbit Capital **$1.0B**](https://millionrounds.com/company/base-power) - [7 **Valar Atomics** Series B · United States · led by Sequoia Capital **$1.0B**](https://millionrounds.com/company/valar-atomics) - [8 **Castelion** Series C · United States · led by Andreessen Horowitz, JP Morgan Chase **$800M**](https://millionrounds.com/company/castelion) - [9 **Form Energy** Series G · United States · led by T. Rowe Price **$750M**](https://millionrounds.com/company/form-energy) - [10 **Lumilens** Series C · United States · led by Bain Capital Ventures, Spark Capital **$700M**](https://millionrounds.com/company/lumilens) - [11 **Whatnot** Growth · United States · led by Greycroft **$545M**](https://millionrounds.com/company/whatnot) - [12 **Antares** Series C · United States · led by Paradigm, Caffeinated Capital **$470M**](https://millionrounds.com/company/antares) - [13 **Higgsfield** Series B · United States · led by DST Global **$400M**](https://millionrounds.com/company/higgsfield) - [14 **Lovable** Series C · Sweden · led by Menlo Ventures, Scaleup Europe Fund **$400M**](https://millionrounds.com/company/lovable) - [15 **Groq** Series A · United States · led by Disruptive **$350M**](https://millionrounds.com/company/groq) ## Day by day Equity rounds announced each day of August. Most are announced on weekdays; the busiest day was 4 August, with 25. 1 August 31 August [Weekly roundup **Week of 3 August** *→*](https://millionrounds.com/news/weekly/2026-08-03)[Weekly roundup **Week of 10 August** *→*](https://millionrounds.com/news/weekly/2026-08-10)[Weekly roundup **Week of 17 August** *→*](https://millionrounds.com/news/weekly/2026-08-17)[Weekly roundup **Week of 24 August** *→*](https://millionrounds.com/news/weekly/2026-08-24)[Weekly roundup **Week of 31 August** *→*](https://millionrounds.com/news/weekly/2026-08-31) ## By stage, against the year Each stage's median this month beside its median over the last twelve months. [Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *27* **$2.2M** this month **$2.0M** 12-month median [Seed](https://millionrounds.com/benchmarks/seed) *50* **$5.8M** this month **$5.5M** 12-month median [Series A](https://millionrounds.com/benchmarks/series-a) *53* **$29M** this month **$20M** 12-month median [Series B](https://millionrounds.com/benchmarks/series-b) *29* **$50M** this month **$50M** 12-month median [Series C](https://millionrounds.com/benchmarks/series-c) *23* **$120M** this month **$100M** 12-month median [Series D](https://millionrounds.com/benchmarks/series-d) *10* **$135M** this month **$150M** 12-month median [Growth](https://millionrounds.com/benchmarks/growth) *22* **$115M** this month **$113M** 12-month median ## The most active leads Firms that led three or more of the month's rounds. - [**General Catalyst** Cityblock Health, River AI, Transfyr *3 led*](https://millionrounds.com/fund/general-catalyst) - [**Bessemer Venture Partners** Flagler Health, Malachyte, Twin1 AI *3 led*](https://millionrounds.com/fund/bessemer-venture-partners) - [**8VC** Generalist, Standard Metrics, Terra Industries *3 led*](https://millionrounds.com/fund/8vc) - [**Greenoaks** Airbound, Decade, Simile *3 led*](https://millionrounds.com/fund/greenoaks) - [**JPMorgan Chase's Strategic Investment Group** Base Power, Castelion, Hadrian *3 led*](https://millionrounds.com/fund/jpmorgan-chase-s-strategic-investment-group) ## Country roundups The month in the eight countries with the most equity rounds, each written up on its own. [93 rounds **United States** *→*](https://millionrounds.com/news/monthly/2026-08/united-states)[24 rounds **United Kingdom** *→*](https://millionrounds.com/news/monthly/2026-08/united-kingdom)[12 rounds **Australia** *→*](https://millionrounds.com/news/monthly/2026-08/australia)[9 rounds **Canada** *→*](https://millionrounds.com/news/monthly/2026-08/canada)[8 rounds **India** *→*](https://millionrounds.com/news/monthly/2026-08/india)[8 rounds **Brazil** *→*](https://millionrounds.com/news/monthly/2026-08/brazil)[5 rounds **China** *→*](https://millionrounds.com/news/monthly/2026-08/china) ## Sector roundups The month in every sector with 10 or more equity rounds, each written up on its own. A company can sit in more than one sector. [117 rounds **AI** *→*](https://millionrounds.com/news/monthly/2026-08/sector/ai)[32 rounds **Fintech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/fintech)[24 rounds **Robotics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/robotics)[21 rounds **Construction** *→*](https://millionrounds.com/news/monthly/2026-08/sector/construction)[18 rounds **Healthcare** *→*](https://millionrounds.com/news/monthly/2026-08/sector/healthcare)[18 rounds **Software** *→*](https://millionrounds.com/news/monthly/2026-08/sector/software)[17 rounds **Energy** *→*](https://millionrounds.com/news/monthly/2026-08/sector/energy)[14 rounds **Logistics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/logistics)[14 rounds **Big Data & Analytics** *→*](https://millionrounds.com/news/monthly/2026-08/sector/big-data)[13 rounds **Defence Tech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/defensetech)[12 rounds **Enterprise Software** *→*](https://millionrounds.com/news/monthly/2026-08/sector/enterprise-software)[12 rounds **Cloud** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cloud)[11 rounds **Cleantech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cleantech)[11 rounds **Biotech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/biotech)[11 rounds **Cybersecurity** *→*](https://millionrounds.com/news/monthly/2026-08/sector/cybersecurity)[10 rounds **Climate Tech** *→*](https://millionrounds.com/news/monthly/2026-08/sector/climate) ## Where - [United States](https://millionrounds.com/news/monthly/2026-08/united-states) **93** - [United Kingdom](https://millionrounds.com/news/monthly/2026-08/united-kingdom) **24** - [Australia](https://millionrounds.com/news/monthly/2026-08/australia) **12** - [Canada](https://millionrounds.com/news/monthly/2026-08/canada) **9** - [Brazil](https://millionrounds.com/news/monthly/2026-08/brazil) **8** - [India](https://millionrounds.com/news/monthly/2026-08/india) **8** - [China](https://millionrounds.com/news/monthly/2026-08/china) **5** - Nigeria **4** United States had the most rounds this month. ## In what - [AI](https://millionrounds.com/news/monthly/2026-08/sector/ai) **117** - [Fintech](https://millionrounds.com/news/monthly/2026-08/sector/fintech) **32** - [Robotics](https://millionrounds.com/news/monthly/2026-08/sector/robotics) **24** - [Construction](https://millionrounds.com/news/monthly/2026-08/sector/construction) **21** - [Healthcare](https://millionrounds.com/news/monthly/2026-08/sector/healthcare) **18** - [Software](https://millionrounds.com/news/monthly/2026-08/sector/software) **18** - [Energy](https://millionrounds.com/news/monthly/2026-08/sector/energy) **17** - [Big Data & Analytics](https://millionrounds.com/news/monthly/2026-08/sector/big-data) **14** AI was the busiest sector. **How this roundup is made** It is written from the rounds we read that month in named articles and filings. Only equity rounds with a stage count towards the figures; debt, grants and public companies' raises do not. We read more sources every month, so the number of rounds says more about our coverage than about the market: compare medians, not totals. [How we read rounds](https://millionrounds.com/methodology) · [Report a mistake](https://millionrounds.com/corrections)