Top Funding Rounds Week of October 3rd
Reflection and Base Power lead a massive week of venture activity, as billion-dollar rounds define the current landscape of AI and energy infrastructure.
- 01Artificial Intelligence (AI) • Data and Analytics•New York$2BSeries B
Reflection, an open-source-focused frontier AI lab, raised $2 billion at an $8 billion valuation with participation from Nvidia, Disruptive, DST, 1789, B Capital, Lightspeed, GIC, Eric Yuan, Eric Schmidt, Citi, Sequoia, and CRV
- 02$1.3BEquity
Sports streaming platform DAZN secured a £1 billion minority equity investment from Saudi Arabia’s Public Investment Fund and raised an additional £587 million in equity from existing investor Access Industries.
- 03Energy • Manufacturing•Texas$1BSeries C
Residential battery startup Base Power raised a $1 billion Series C led by Addition with participation from CapitalG, Elad Gil, Lightspeed, Ribbit, Thrive Capital, and Valor Equity Partners.
- 04Financial Services • Lending and Investments•Maharashtra$1BEquity
Sammaan Capital, a non-banking lender focused on affordable housing finance, received a $1 billion controlling-stake equity investment from Abu Dhabi’s International Holding Company (IHC).
- 05Artificial Intelligence (AI) • Blockchain and Cryptocurrency•New York$1BSeries D
Polymarket, a blockchain-based prediction market platform, secured up to $2 billion in strategic investment from Intercontinental Exchange (ICE).
- 06Design • Science and Engineering•Washington$510MSeries D
Stoke Space, a developer of fully reusable launch vehicles, raised a $510 million Series D round led by US Innovative Technology Fund and secured a $100 million debt facility from Silicon Valley Bank, with participation from Washington Harbour Partners, General Innovation Capital Partners, 776, Breakthrough Energy, Glade Brook Capital, Industrious Ventures, NFX, Sparta Group, Toyota Ventures and Woven Capital.
- 07Energy • Science and Engineering•New York$400MEquity
NANO Nuclear Energy, a micro-modular reactor developer, raised a $400 million private placement led by an undisclosed major asset manager with participation from other institutional investors.
- 08Health Care•Minnesota$341.6MEquity
Predictive Oncology raised €343.5 million through two private placements—€50.8 million in common stock and €292.7 million in pre-funded warrants—with participation from DNA Holdings Venture to fund its ATH-token digital-asset treasury strategy.
- 09Artificial Intelligence (AI) • Data and Analytics•New York$300MSeries D
Kalshi, a regulated prediction market platform, raised a $300 million Series D led by Sequoia Capital and Andreessen Horowitz with participation from Paradigm, CapitalG, Coinbase Ventures, General Catalyst, and Spark Capital.
- 10Biotechnology • Health Care•Massachusetts$200MSeries A
Soufflé Therapeutics, a siRNA delivery biotech, raised a $200 million Series A from undisclosed investors.
- 11Artificial Intelligence (AI) • Data and Analytics•Berlin$180MSeries C
n8n, an AI orchestration and business-automation startup, raised a $180M Series C led by Accel with participation from Meritech, Redpoint, Evantic, Visionaries Club, T Capital, NVentures, Sequoia, HV Capital, Highland Europe, and Felicis Ventures.
- 12Biotechnology • Science and Engineering•California$165MSeries A
COPD-focused biotech Expedition Therapeutics raised a $165 million Series A round co-led by Sofinnova Investments and Novo Holdings, with participation from Forbion, Dawn Biopharma (KKR), Adage, Balyasny, Logos Capital, Sanofi Ventures, BVF Partners and Venrock Healthcare Capital Partners.
- 13Biotechnology • Data and Analytics•California$153MSeries E
Arthrosi Therapeutics raised a $153 million Series E equity round led by Prime Eight Capital Limited with participation from CR Biotech, HighLight Capital, HM Venture Partners, ReliantTech Limited, and existing shareholders to advance its gout therapy pozdeutinurad.
- 14Artificial Intelligence (AI) • Data and Analytics•California$150MSeries E
AI legal-tech startup EvenUp raised a $150 million Series E round led by Bessemer Venture Partners with participation from REV, B Capital, SignalFire, Adams Street, Bain Capital, HarbourVest, Lightspeed, and Broadlight Capital.
- 15Apps • Mobile•Haryana$146MEquity
Travel-booking platform ixigo raised Rs 1,295.56 crore ($146 million) through a preferential equity issue to Prosus-affiliate MIH Investments One B.V. for a 10.1 % stake.
- 16Data and Analytics • Hardware•Antwerpen$140.7MEquity
Datacenter United, a Belgian data-center operator, secured €120 million debt financing from a syndicate of lenders, with support from shareholders TINC and Cordiant Digital Infrastructure.
- 17Food and Beverage•Delhi$132MEquity
Bira 91, a craft beer company, is lining up a $132 million pre-IPO round led by Kirin Holdings with Sequoia Capital India and Sofina participating.
- 18Health Care•Minnesota$130MEquity
AI-driven digital health startup DUOS raised a $130M strategic growth equity round led by FTV Capital with participation from Forerunner Ventures.
- 19Health Care•California$125MSeries D
Bleeding-disorder antibody startup Star Therapeutics raised a $125 million Series D round co-led by Sanofi Ventures and Viking Global Investors, with participation from GordonMD Global Investments, Janus Henderson Investors, Frazier Life Sciences and other existing investors.
- 20New York$124MSeries A
DDC Enterprise, a corporate Bitcoin treasury platform, raised a $124 million equity round led by PAG Pegasus Fund and Mulana Investment Management with participation from OKG Financial Services Limited.
