Global venture activity delivered a mixed but eventful week, with the UK posting a dramatic funding rebound, the U.S. recording multi-billion-dollar AI megadeals, and India witnessing a temporary slowdown across early- and growth-stage financing.
UK: Funding Jumps 1,607% as London Dominates Deal Flow
The UK tech ecosystem staged one of its strongest weekly comebacks of the year, securing £169.06 million across six London-based deals, marking a 1,607% week-on-week surge. Fintech, biotech, cybersecurity and AI governance were the week’s standout sectors.
Top UK Deals
Zilch — £134.2M
Fintech | Late VC + Debt | KKCG, BNF Capital, Deutsche Bank
Payments platform Zilch powered the UK rebound, raising £134.2M to push toward profitability and expand deeper into Europe.
T-Therapeutics — £24M
Healthtech | Series A Extension | BGF, Tencent
Funding will accelerate its T-cell receptor therapies for cancer and autoimmune diseases.
Laka — £6.5M
Insurtech | Debt Facility | HSBC Innovation Banking
The green-mobility insurer will use funds to scale its European footprint.
Adclear — £2.1M
Regtech | Seed
The startup’s AI engine automates compliance checks for financial institutions.
FALKIN — £1.5M
Cybersecurity | Pre-seed
Builds AI tools that block scams before fraudulent payments go through.
AI Score — £760K
AI Governance | Seed
Focuses on frameworks for safe deployment of enterprise AI systems.
United States: AI & Defense Lead With Multi-Billion-Dollar Megadeals
In contrast to the UK’s balanced mix, the U.S. witnessed gargantuan late-stage rounds dominated by AI, enterprise compute and defense technologies. Investors continued prioritising infrastructure-level AI tooling and national-security innovation.
Top U.S. Deals
Anysphere (AI coding) — $2.3B
Backed by Accel, Thrive, a16z, Nvidia and Google, marking one of 2025’s largest AI raises.
Chaos Industries (Defense) — $510M
Specialises in counter-drone technology and next-gen radar systems.
D-Matrix (AI inference) — $275M
Builds compute infrastructure for data centre–scale generative AI.
Harbinger (EVs), TeraDAR (THz sensors), Alembic (AI marketing)
Rounded out the remaining high-value U.S. deals.
India: Funding Slows 30%, Early-Stage Activity Holds Steady
India saw a quieter week, posting $169.28 million across 25 deals, down about 30% from the previous period. While growth-stage funding softened, early-stage remained active with several SaaS, edtech and consumer brand raises.
Key India Highlights
Growth-stage deals: Finnable, Isprava, Bombay Shaving Co., Haus & Kinder
Seed-stage traction: Tetr College, Brandworks, MindTalk, Codeyoung, QuickShift
IPO pipeline: Groww, Pine Labs, PhysicsWallah; Lenskart saw a muted market debut
M&A: Unnati Agri acquired Gramophone
Shutdown: BharatAgri wrapped operations.
