# Startup funding, week of 5 October: DeepSeek's $15B Series B leads 130 rounds

> We read 130 equity rounds announced from 5 October to 11 October 2026, raising $25B between them. The largest was DeepSeek's $15B Series B.

Source: https://millionrounds.com/news/weekly/2026-10-05 (Millionrounds; every figure on the page links to its filing or article)

Equity rounds **130** announced this week, 120 with an amount

Raised **$25B** across those rounds

Lead named **81%** of rounds say who led

Countries **28** where this week's rounds were raised

## The biggest rounds

- [1 **DeepSeek** Series B · China **$15B**](https://millionrounds.com/company/deepseek)
- [2 **Lambda** Growth · United States · led by Coatue, Clarus Ventures **$4.0B**](https://millionrounds.com/company/lambda)
- [3 **TypeSafe AI** Series A · United States · led by Andreessen Horowitz **$870M**](https://millionrounds.com/company/typesafe-ai)
- [4 M **Manus / Butterfly Effect** Growth · Singapore · led by IDG Capital, Boyu Capital **$500M**](https://millionrounds.com/company/manus-butterfly-effect)
- [5 **Oratomic** Series B · United States · led by General Catalyst, Khosla Ventures **$475M**](https://millionrounds.com/company/oratomic)
- [6 O **Oxide** Series D · United States · led by Eclipse **$445M**](https://millionrounds.com/company/oxide)
- [7 S **SignSplit** Seed · United States · led by W Group **$400M**](https://millionrounds.com/company/signsplit)
- [8 **Endeavor Catalyst** Growth · United States **$320M**](https://millionrounds.com/company/endeavor-catalyst)
- [9 **Varda Space Industries** Series D · United States **$251M**](https://millionrounds.com/company/varda-space-industries)
- [10 **Vinci** Series B · United States · led by Temasek Holdings, Advent International **$250M**](https://millionrounds.com/company/vinci)

## By stage, against the year

Each stage's median this week beside its median over the last twelve months. A single week is a small sample, so read the gap as a hint, not a trend.

[Pre-seed](https://millionrounds.com/benchmarks/pre-seed) *16* **$1.0M** this week **$2.0M** 12-month median

[Seed](https://millionrounds.com/benchmarks/seed) *35* **$6.0M** this week **$5.5M** 12-month median

[Series A](https://millionrounds.com/benchmarks/series-a) *38* **$17M** this week **$20M** 12-month median

[Series B](https://millionrounds.com/benchmarks/series-b) *22* **$38M** this week **$50M** 12-month median

[Series C](https://millionrounds.com/benchmarks/series-c) *3* **$35M** this week **$100M** 12-month median

[Series D](https://millionrounds.com/benchmarks/series-d) *5* **$225M** this week **$158M** 12-month median

[Growth](https://millionrounds.com/benchmarks/growth) *10* **$225M** this week **$108M** 12-month median

## The most active leads

Firms that led two or more of the week's rounds.

- [**Andreessen Horowitz** Ghost, Preference Model, TypeSafe AI *3 led*](https://millionrounds.com/fund/andreessen-horowitz)
- [**Khosla Ventures** Arena, Oratomic, Sabi *3 led*](https://millionrounds.com/fund/khosla-ventures)
- [**Sequoia Capital** Catalyst, Healthleap *2 led*](https://millionrounds.com/fund/sequoia-capital)
- [**Lightspeed Venture Partners** Arena, Gardens Interactive *2 led*](https://millionrounds.com/fund/lightspeed-venture-partners)
- [**Index Ventures** Hone, Oratomic *2 led*](https://millionrounds.com/fund/index-ventures)
- [**Benchmark** Furientis, Hone *2 led*](https://millionrounds.com/fund/benchmark)
- [**HTGF High-Tech Gründerfonds** Finches GmbH, TODAY *2 led*](https://millionrounds.com/fund/high-tech-grunderfonds-htgf)
- [**Fireside Ventures** Beyond Appliances, KISAH *2 led*](https://millionrounds.com/fund/fireside-ventures)

## Where

- United States **51**
- India **13**
- Japan **10**
- United Kingdom **6**
- France **6**
- Switzerland **6**

United States had the most rounds this week.

## In what

- AI **69**
- Fintech **18**
- Logistics **12**
- Hardware & Electronics **11**
- Software **10**
- Healthcare **9**
- Robotics **8**
- Cleantech **8**

AI was the busiest sector.

**How this roundup is made**

It is written from the rounds we read that week 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)