# Startup funding, week of 12 October: Ramp's $1.9B Growth leads 160 rounds

> We read 160 equity rounds announced from 12 October to 18 October 2026, raising $8.0B between them.

Source: https://millionrounds.com/news/weekly/2026-10-12 (Millionrounds; every figure on the page links to its filing or article)

Equity rounds **160** announced this week, 142 with an amount

Raised **$8.0B** across those rounds

Lead named **86%** of rounds say who led

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

## The biggest rounds

- [1 **Ramp** Growth · United States · led by Thrive Capital, Dragoneer Investment **$1.9B**](https://millionrounds.com/company/ramp)
- [2 S **SWI Group** Growth · Singapore **$894M**](https://millionrounds.com/company/swi-group)
- [3 M **Modal Labs Inc.** Series D · United States · led by Accel **$750M**](https://millionrounds.com/company/modal-labs-inc)
- [4 **ID Finance** Growth · Spain **$610M**](https://millionrounds.com/company/id-finance)
- [5 **Infinigence AI** Series C · China **$344M**](https://millionrounds.com/company/infinigence-ai)
- [6 **OMass Therapeutics** Series C · United Kingdom · led by Novo Holdings, Forbion Capital Partners **$310M**](https://millionrounds.com/company/omass-therapeutics)
- [7 **Mujin, Inc.** Series D · Japan · led by SK Square **$224M**](https://millionrounds.com/company/mujin-inc)
- [8 I **Icon** Series D · United States · led by BlackRock, Baillie Gifford **$200M**](https://millionrounds.com/company/icon)
- [9 S **Scanntech** Series F · Brazil · led by L Catterton, Partners Group **$180M**](https://millionrounds.com/company/scanntech)
- [10 M **Moss Intelligence** Pre-seed · China · led by Huakong Fund **$149M**](https://millionrounds.com/company/moss-intelligence)

## 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) *23* **$3.3M** this week **$2.0M** 12-month median

[Seed](https://millionrounds.com/benchmarks/seed) *65* **$5.0M** this week **$5.5M** 12-month median

[Series A](https://millionrounds.com/benchmarks/series-a) *28* **$15M** this week **$20M** 12-month median

[Series B](https://millionrounds.com/benchmarks/series-b) *13* **$50M** this week **$50M** 12-month median

[Series C](https://millionrounds.com/benchmarks/series-c) *7* **$70M** this week **$100M** 12-month median

[Series D](https://millionrounds.com/benchmarks/series-d) *5* **$200M** this week **$158M** 12-month median

[Growth](https://millionrounds.com/benchmarks/growth) *16* **$37M** this week **$108M** 12-month median

## The most active leads

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

- [**Accel** Cosmochute, Modal Labs Inc., Origin and 1 more *4 led*](https://millionrounds.com/fund/accel)
- [**A16z Speedrun** Forgepoint Inc., Loops, Othello *3 led*](https://millionrounds.com/fund/a16z-speedrun)
- [**Lightspeed Venture Partners** Zaria, Zenzap *2 led*](https://millionrounds.com/fund/lightspeed-venture-partners)
- [**Fuel Ventures** Affinity Labs, Doris Labs *2 led*](https://millionrounds.com/fund/fuel-ventures)
- [**Elevation Capital** Mesa School of Business, Spill Games *2 led*](https://millionrounds.com/fund/elevation-capital-2)
- [**Gutter Capital** Aerium, Punch *2 led*](https://millionrounds.com/fund/gutter-capital)
- [**Luminous Ventures** Ambi, Mistlabs Ltd. *2 led*](https://millionrounds.com/fund/luminous-ventures-2)
- [**Dharana Capital** Clueso, Mesa School of Business *2 led*](https://millionrounds.com/fund/dharana-capital)

## Where

- United States **64**
- United Kingdom **17**
- India **17**
- China **10**
- France **5**
- Germany **4**

United States had the most rounds this week.

## In what

- AI **91**
- Fintech **20**
- Healthcare **19**
- Robotics **18**
- Manufacturing **17**
- Software **15**
- SaaS **14**
- Construction **12**

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)