SAʴý

Artificial intelligence Enterprise Fintech & e-commerce Health, Wellness & Biotech Real estate & property tech Startups Transportation & Logistics Venture

The Week’s 10 Biggest Funding Rounds: Fintech Attracts Biggest Rounds While AI Holds Strong

Illustration of gardener holding a rake. Venture

Want to keep track of the largest startup funding deals in 2025 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The SAʴý Megadeals Board.

This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here.

This week was a productive period for fintech funding, with two companies in the space — and — pulling in the largest rounds. In addition, we also saw sizable financings for companies in a range of other industries, including micromobility, drug discovery and green steel.

1. , $820M, fintech:  iCapital, a fintech platform for alternative investments and investors, raised more than $820 million in a funding round that took its valuation to over $7.5 billion. and accounts advised by co-led the financing for the New York-based company.

2. , $250M, fintech: Bilt Rewards, a rewards program for home renters to use with local merchants, raised $250 million in a venture round led by and . The financing sets a $10.75 billion valuation for the New York-based company.

3. , $200M, micromobility: Also, a micromobility startup spun out of , raised a reported $200 million in a new financing led by at a $1 billion valuation. The Palo Alto, California-based company is developing small EVs, with an initial product launch anticipated next year.

3. , $187M, spacetech and drug discovery: El Segundo, California-based Varda, a self-described “microgravity-enabled life sciences company,” raised $187 million in a Series C led by and . The company bases its research on the finding that materials including active pharmaceutical ingredients crystallize differently in space, enabling novel drug formulations.

4. , $150M, equipment maintenance: MaintainX, which operates an equipment maintenance and asset management platform, raised $150 million in a Series D backed by a long list of investors including and . The financing boosted the San Francisco-based startup’s valuation to $2.5 billion.

5. , $100M, AI: Harmonic, a developer of AI mathematical reasoning models, a $100 million Series B financing led by . The round brings total funding to date for the 2-year-old, Palo Alto, California-based company to $175 million, per .

6. , $56M, neurostimulation: Neuros Medical, developer of an electrical nerve stimulation system used to treat chronic post-amputation pain, raised $56 million in a Series D round. led the financing for the Aliso Viejo, California-based company.

7. , $55M, vehicle repair: Los Gatos, California-based ServiceUp, developer of a platform for fleet operators to manage repairs and maintenance, raised $55 million in a Series B round led by .

8. , $54.5M, biopharma: Renasant Bio launched with $54.5 million in seed funding to develop treatments for autosomal dominant polycystic kidney disease. led the financing for the Berkeley, California-based startup.

9. (tied) , $51M, green steel: Green steel maker Boston Metal that it raised $51 million in a convertible note investment from existing investors including , , and . The funds will be used in part for a metals plant in Brazil, slated to come online next year.

9.(tied) , $51M, enterprise software: Redwood City, California-based Spacelift, developer of an infrastructure orchestration platform for enterprises, raised $51 million in Series C funding led by with participation from and .

Methodology

We tracked the largest announced rounds in the SAʴý database that were raised by U.S.-based companies for the seven-day period of July 4-11. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration:

Stay up to date with recent funding rounds, acquisitions, and more with the SAʴý Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link