Weekly funding roundup · 19 October to 25 October 2026

Startup funding, week of 19 October: Tenstorrent's $1.5B Series E leads 220 rounds

By Millionrounds ResearchPublished 26 October 2026Updated 30 October 2026

We read 220 equity rounds announced from 19 October to 25 October 2026, raising $11B between them. The largest was Tenstorrent's $1.5B Series E, led by InnovationX and Trace Capital. The median seed round was $4.1M, against $5.5M over the last twelve months; at Series A it was $20M. Sequoia Capital led the most rounds, with 3.

Equity rounds220announced this week, 181 with an amount
Raised$11Bacross those rounds
Lead named71%of rounds say who led
Countries38where this week's rounds were raised

The biggest rounds

  1. 1TenstorrentSeries E · United States · led by InnovationX, Trace Capital$1.5B
  2. 2Flapping AirplanesSeries A · United States · led by Index Ventures, Lux Capital$1.0B
  3. 3KalshiSeries G · United States · led by Sequoia Capital, Wellington Management$1.0B
  4. 4LegoraSeries E · Sweden · led by Atreides Management$550M
  5. 5NNeolixSeries E · China · led by Boyu Capital, China's National Artificial Intelligence Industry Investment Fund$400M
  6. 6Platform Accounting GroupGrowth · United States · led by Treville Capital Group$355M
  7. 7ASISeries C · United States · led by Spark Capital$325M
  8. 8Otter.aiGrowth · United States · led by General Catalyst, General Catalyst's Customer Value Fund (CVF)$320M
  9. 9AjaibSeries C · Indonesia$270M
  10. 10PigmentSeries E · France · led by EQT Ventures, Scaleup Europe Fund$250M

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-seed49$2.1Mthis week$2.0M12-month median
Seed65$4.1Mthis week$5.5M12-month median
Series A52$20Mthis week$20M12-month median
Series B10$55Mthis week$50M12-month median
Series C10$83Mthis week$100M12-month median
Series D7$135Mthis week$158M12-month median
Growth20$40Mthis week$108M12-month median

The most active leads

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

Where

  • United States86
  • South Korea13
  • United Kingdom13
  • India10
  • Japan8
  • Brazil6

United States had the most rounds this week.

In what

  • AI124
  • Fintech28
  • Software22
  • Healthcare19
  • Manufacturing19
  • SaaS18
  • Robotics18
  • Biotech17

AI was the busiest sector.