Top Funding Rounds Week of October 24th
Crusoe Energy Systems leads a $1.4B week as capital floods into AI infrastructure, alongside significant fintech raises from PhonePe and Wealthsimple.
- 01Artificial Intelligence (AI) • Data and Analytics•Colorado$1.4BSeries E
AI-infrastructure provider Crusoe Energy Systems raised a $1.375 billion Series E co-led by Valor Equity Partners and Mubadala Capital, with dozens of institutional and strategic investors participating.
- 02Apps • Financial Services•Maharashtra$600MEquity
PhonePe, the dominant UPI-payments fintech, received a $600 million secondary investment from General Atlantic.
- 03Financial Services • Lending and Investments•Ontario$538.6MEquity
Wealthsimple, a consumer fintech platform, raised up to CAD $750 million in equity (CAD $550 million primary plus up to CAD $200 million secondary) co-led by Dragoneer Investment Group and GIC with participation from CPP Investments, Power Corporation of Canada, IGM Financial, ICONIQ, Greylock and Meritech.
- 04Artificial Intelligence (AI) • Data and Analytics•California$350MSeries C
Mercor, a marketplace for domain experts training AI models, raised a $350 million Series C led by Felicis Ventures with participation from Benchmark, General Catalyst and Robinhood Ventures.
- 05Hardware • Information Technology•Colorado$260.2MFunding Round
Wholesale colocation provider STACK Infrastructure secured a ¥39.7 billion ($247.7 million) green loan underwritten by Natixis CIB and Societe Generale to fund its 36 MW Tokyo data center campus.
- 06Artificial Intelligence (AI) • Data and Analytics•California$250MSeries C
AI infrastructure startup Fireworks AI raised a $250 million Series C round led by Lightspeed Venture Partners, Index Ventures, and Evantic.
- 07Financial Services • Lending and Investments•Texas$250MEquity
Texas Stock Exchange operator TXSE Group raised an undisclosed second-round equity financing—bringing total funding to more than $250 M—with participation from J.P. Morgan, BlackRock, Charles Schwab and Citadel Securities.
- 08Financial Services • Lending and Investments•California$225MEquity
SavvyMoney, a financial wellness platform for banks and credit unions, secured a $225M minority investment round co-led by PSG and Canapi Ventures with participation from Spectrum Equity.
- 09New York$210MPreferred
Axonic Insurance, an annuity and insurance platform, raised a $210 million preferred equity round led by LuminArx Capital Management with participation from Deutsche Bank.
- 10Real Estate•Pais Vasco$162.5MEquity
Spanish residential developer Neinor raised a €140 million equity capital increase, with Orion Capital Managers subscribing €100 million.
- 11Energy • Natural Resources•Gujarat$161MEquity
Goldi Solar, a solar PV module manufacturer, raised a ₹1,422 cr growth capital round led by Havells India with participation from Ambit Global Private Client, Nikhil Kamath, Shahi Exports, SRF Transnational Holdings, Karmav Real Estate Holdings, NSFO Ventures, Godwitt Construction and other investors.
- 12Biotechnology • Health Care•Hovedstaden$157MSeries C
Hemab Therapeutics, a developer of prophylactic treatments for rare bleeding disorders, raised a $157 million Series C equity round led by Sofinnova Partners with participation from a large long-only global asset manager, a large global sovereign wealth fund, Avoro Capital Advisors, and existing investors including RA Capital Management, Novo Holdings, Access Biotechnology, Deep Track Capital, HealthCap, Invus, Avoro Ventures, Maj Invest Equity, and Rock Springs Capital.
- 13Artificial Intelligence (AI) • Data and Analytics•Stockholms Lan$150MSeries C
Legal-tech startup Legora raised a $150 million Series C led by Bessemer Venture Partners, with participation from ICONIQ, General Catalyst, Redpoint Ventures, Benchmark, and Y Combinator.
- 14Food and Beverage•California$150MEquity
Fruitist, a premium superfruit producer, raised a $150 M equity financing led by a vehicle managed by J.P. Morgan Asset Management.
- 15Information Technology • Privacy and Security•District of Columbia$150MSeries C
Sublime Security, an AI-driven email security startup, raised a $150 million Series C equity round led by Georgian with participation from Avenir, 01A, Index Ventures, IVP, Citi Ventures, and Slow Ventures.
- 16Consumer Goods • Health Care•Bayern$110.4MEquity
Longevity clinic operator Lanserhof raised a €95 million investment round led by AltamarCAM Partners with participation from King Street Capital Management.
- 17Biotechnology • Health Care•Gullbringusysla$110MEquity
Oculis, a developer of ophthalmic therapies, raised an oversubscribed $110 million capital increase from undisclosed investors.
- 18Hardware • Manufacturing•Grad Sofiya$104MEquity
EnduroSat, an advanced small-satellite manufacturer, raised a $104M funding round from Riot Ventures, Google Ventures, Lux Capital, the European Innovation Council Fund, and Shrug Capital.
- 19Consumer Electronics • Hardware•California$100MSeed
Substrate, an advanced semiconductor manufacturing startup, raised an over $100 M seed round from Founders Fund, General Catalyst, and Valor Equity Partners at a valuation above $1 B.
- 20Artificial Intelligence (AI) • Data and Analytics•Ontario$100MEquity
Electric Mind, an AI-led financial-services engineering firm, secured a $100 million strategic investment from Motive Partners.
