Monthly roundup · October 2026

Startup funding in October 2026: DeepSeek's $15B Series B leads 733 rounds

By Millionrounds ResearchPublished 1 November 2026Updated 4 November 2026

We read 733 equity rounds announced in October 2026, raising $59B between them. The largest was DeepSeek's $15B Series B. The median seed round was $5.0M, against $5.5M over the last twelve months; at Series A it was $15M. General Catalyst led the most rounds, with 8.

Equity rounds733announced in October, 633 with an amount
Raised$59Bacross those rounds
Lead named77%of rounds say who led
Countries61where the month's rounds were raised

The biggest rounds

  1. 1DeepSeekSeries B · China$15B
  2. 2CohereSeries E · Canada · led by Schwarz Group$5.0B
  3. 3LambdaGrowth · United States · led by Coatue, Clarus Ventures$4.0B
  4. 4Re:BuildGrowth · United States · led by General Catalyst, JP Morgan Chase$2.1B
  5. 5RampGrowth · United States · led by Thrive Capital, Dragoneer Investment$1.9B
  6. 6TenstorrentSeries E · United States · led by InnovationX, Trace Capital$1.5B
  7. 7Flapping AirplanesSeries A · United States · led by Index Ventures, Lux Capital$1.0B
  8. 8KalshiSeries G · United States · led by Sequoia Capital, Wellington Management$1.0B
  9. 9SSWI GroupGrowth · Singapore$894M
  10. 10TypeSafe AISeries A · United States · led by Andreessen Horowitz$870M
  11. 11MModal Labs Inc.Series D · United States · led by Accel$750M
  12. 12FractileSeries C · United Kingdom · led by Lightspeed Venture Partners, Redpoint$700M
  13. 13FuriosaAISeries D · South Korea · led by National Growth Fund, National Growth Fund of Korea$620M
  14. 14ID FinanceGrowth · Spain$610M
  15. 15Bedrock RoboticsSeries C · United States · led by Emergence Capital, CapitalG$600M

Day by day

Equity rounds announced each day of October. Most are announced on weekdays; the busiest day was 20 October, with 52.

1 October31 October
Weekly roundupWeek of 5 October→Weekly roundupWeek of 12 October→Weekly roundupWeek of 19 October→Weekly roundupWeek of 26 October→

By stage, against the year

Each stage's median this month beside its median over the last twelve months.

Pre-seed131$2.0Mthis month$2.0M12-month median
Seed235$5.0Mthis month$5.5M12-month median
Series A172$15Mthis month$20M12-month median
Series B66$42Mthis month$50M12-month median
Series C34$82Mthis month$100M12-month median
Series D23$150Mthis month$150M12-month median
Growth55$40Mthis month$113M12-month median

The most active leads

Firms that led three or more of the month's rounds.

Country roundups

The month in the eight countries with the most equity rounds, each written up on its own.

281 roundsUnited States→ 74 roundsIndia→ 56 roundsUnited Kingdom→ 31 roundsChina→ 25 roundsJapan→ 24 roundsSouth Korea→ 18 roundsCanada→ 17 roundsFrance→

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.

411 roundsAI→100 roundsFintech→72 roundsHealthcare→67 roundsSoftware→67 roundsRobotics→56 roundsManufacturing→44 roundsSaaS→44 roundsConstruction→42 roundsHardware & Electronics→41 roundsBiotech→34 roundsBig Data & Analytics→33 roundsEnergy→33 roundsLogistics→32 roundsEnterprise Software→29 roundsAerospace & Space→29 roundsHealthtech→28 roundsCybersecurity→26 roundsDefence Tech→25 roundsCloud→24 roundsEntertainment→23 roundsB2C→23 roundsFinancial Services→22 roundsMedical Devices→20 roundsCleantech→19 roundsE-commerce→19 roundsFood & Beverage→18 roundsReal Estate→18 roundsDeeptech→18 roundsSemiconductors→17 roundsAgtech→16 roundsDeveloper Tools→15 roundsWeb3 & Crypto→15 roundsRetail→15 roundsMartech→14 roundsSupply Chain→14 roundsInsurtech→14 roundsTelecoms→14 roundsClimate Tech→13 roundsRegtech→13 roundsAutomotive & EVs→13 roundsChemicals & Materials→12 roundsFuture of Work→12 roundsB2B→12 roundsMedia→12 roundsGaming→11 roundsProfessional Services→11 roundsMarketplaces→11 roundsHR Tech→11 roundsEducation→11 roundsSalestech→10 roundsProptech→10 roundsPharma→10 roundsFashion→10 roundsTravel & Hospitality→

Where

United States had the most rounds this month.

In what

AI was the busiest sector.