Venture capital deployed · 2026 YTD
Sector market cap
Largest raise · trailing 12mo
Catalysts ahead · next 12mo
Companies tracked
Nothing on the calendar yet.
Mega-rounds ($1B+) now account for majority of capital deployed. OpenAI's $122B Series G (March 2026) and Anthropic's $30B Series G (February 2026) dwarf all other activity. Median round size has shifted decisively upward; seed and early-stage rounds remain sub-$100M, but late-stage dominance is absolute.
Late-stage concentration is extreme. Series D-G rounds captured ~95% of total deployed capital in past 12 months. Seed and Series A activity persists (Higgsfield AI $130M, Genmo $28M) but pales against unicorn-scale funding. Series B-C rounds like Luma $900M and Black Forest Labs $300M blur the boundary into late-stage.
Sequoia Capital, Andreessen Horowitz, and General Atlantic led repeat rounds across mid-market ($100-500M). Amazon, Microsoft, SoftBank, and Nvidia emerged as mega-round co-leads with OpenAI and Anthropic. Traditional VCs (Accel, Lightspeed, Coatue) remain active but no longer set pace in absolute dollars.
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As of 2026-08-01