FEB 18, 2026
THIS WEEK

Largest round this week across 2 deals totaling $43M. Founders Fund led the round into the San Francisco-based productivity.

$43M
DEPLOYED THIS WEEK
TOP ECOSYSTEMSREGION
San Francisco$25.4B
New York$9.4B
Palo Alto$2.7B
Pittsburgh$2.3B
Austin$2.1B
View full report →
DEAL VOLUMEVOLUME
Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
MOST ACTIVEFIRM

a16z

8 Deals / $842M deployed

Sequoia

6 Deals / $322M deployed
AVG DEAL SIZE TRENDAVG
+83%
Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
NOTABLE ROUNDS
SECTOR MOMENTUM

Quarter-over-quarter funding change by industry. Green cells indicate growth, red cells indicate decline.

Industry2023 Q32024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q1
AI
$148M+100%
$1.5B+919%
$1.0B-31%
$2.2B+114%
$1.4B-37%
$1.1B-19%
$5.8B+409%
$6.5B+12%
$2.9B-55%
DevTools
$200M
$129M-35%
$56M-57%
$340M+507%
$295M-13%
$1.0B+253%
$1.1B+9%
$1.1B0%
$915M-20%
$846M-8%
Fintech
$79M+100%
$55M-30%
$396M+620%
$546M+38%
$759M+39%
$397M-48%
$805M+103%
$717M-11%
$282M-61%
Productivity
$64M+100%
$179M+180%
$83M-54%
$272M+228%
$266M-2%
$480M+80%
$832M+73%
$666M-20%
$119M-82%
Cybersecurity
0%
$165M+100%
$360M+118%
$335M-7%
$199M-41%
$638M+221%
$344M-46%
$712M+107%
$590M-17%
Healthcare
$18M+100%
$45M+150%
$38M-16%
$67M+76%
$396M+491%
$260M-34%
$600M+131%
$445M-26%
$285M-36%
Design
$69M+100%
$18M-74%
-100%
$50M+100%
$53M+6%
$168M+217%
$125M-26%
$113M-10%
$57M-50%
Biotech
0%
0%
0%
$73M+100%
$324M+344%
$234M-28%
$1.2B+392%
$357M-69%
$31M-91%
Web3
$55M+100%
-100%
0%
0%
$353M+100%
$208M-41%
$144M-31%
$500M+247%
$320M-36%
Health & Wellness
$35M+100%
$53M+51%
-100%
$22M+100%
$267M+1114%
$116M-57%
$117M+1%
$380M+225%
-100%
Declining
Flat
Growing
Surging
LATEST ROUNDS