In partnership with
This Technology Makes Every City a Potential Surf Destination
Topgolf revolutionized golf by turning it into a social, tech-driven game for anyone. And they’ve made billions in annual revenue doing it. Surf Lakes is applying that same model to surfing. Their patented tech creates 2,000 ocean-quality rides per hour, anywhere in the world, across all skill levels.
Surf tourism is a $65B global industry, yet fewer than 1% of people live near real waves. Licenses sold across the U.S. and Australia, with plans for a first commercial park in the works.
3x world champ Tom Curren and surf icon Mark Occhilupo have joined as ambassadors and shareholders. Even actor Chris Hemsworth has praised Surf Lakes.
You have until October 30th at 11:59 PM PT to invest in Surf Lakes.
This is a paid advertisement for Surf Lakes’ Regulation CF offering. Please read the offering circular at https://invest.surflakes.com
Last week's report recorded 103 funding rounds, showing a slight decline compared to recent weeks such as October 7 with 131 rounds and September 30 with 142 rounds. This modest decrease suggests a potential short-term stabilization or cautious investor sentiment after a period of high activity.
Several patterns stand out from the data and comparisons with previous reports:
Sector Focus: Technology and healthcare startups continue to dominate funding activities, consistent with trends seen in prior weeks. Notably, there is increasing interest in AI-related ventures and health tech innovation.
Round Sizes: The majority of rounds remained in seed and early-stage categories, indicating ongoing support for nascent companies rather than a surge in late-stage mega-deals.
Geographic Trends: The United States remains the hotspot for investments, with new clusters emerging in secondary tech hubs outside Silicon Valley, echoing reports for prior weeks.
Investor Behavior: There’s cautious optimism; investors seem selective, focusing on startups with clear growth trajectories and proven teams, reflecting the current economic uncertainty.
Comparing to earlier weeks
The elevated activity in late September and early October (over 130 funding rounds weekly) suggests a recent peak, with last week's number dialing back slightly yet maintaining stable momentum.
Prior weeks in August showed more fluctuation, from 77 to 133 rounds, indicating variable market confidence leading into the fall.
The steady rise from July through early October possibly signals the market’s adaptation to macroeconomic conditions, balancing risk and opportunity.
Insights:
The market still favors innovation and early growth-stage startups, particularly in AI and healthcare.
Funding volumes indicate investors remain engaged but slightly conservative, likely pricing in broader economic risks.
Regional diversification of investments might open opportunities for under-the-radar startups beyond traditional tech hubs.
For detail, consult last week's report here and previous weeks' trends October 7, September 30, and September 23.
Conclusion:
Funding activity remains robust with 103 rounds, signaling a steady though slightly cautious venture capital market. The emphasis on early-stage investments and emerging tech sectors offers optimism for innovation despite economic headwinds. Continuous monitoring will be crucial to track whether this trend holds or adjusts in the coming weeks.
Last week's funding rounds
103 funding rounds, -22% from last week.
Number of funding rounds - October 13, 2025 by Parsers VC
Total raised $7.54 billion, -2% since last week
Total raised $, bln - October 13, 2025 by Parsers VC
Funding rounds in United States
51 funding rounds, total raised $6.53B
Cookiy AI (Develops agentic voice AI that transforms large-scale conversations into structured intelligence for business decision-making) Raises $7M Pre-Seed Round from GoAhead Ventures, Converge (Investor) #DataAnalytics #B2B #AI #VoiceTech #SaaS
375ai, (Converts physical world data into machine-readable insights using an edge data intelligence network based on the Solana blockchain) Raises $5M from Delphi Ventures #SmartCities #AI #Blockchain #DataIntelligence #EdgeComputing
AiPrise (An AI-powered platform streamlining KYC/KYB for businesses, unifying 80+ vendors for global compliance and fraud detection) Raises $12.5M Series A Round from Correlation Ventures, SixThirty Ventures #SaaS #B2B #Compliance #FinTech #Regtech
AirStrip (Provides enterprise AI healthcare tech for patient monitoring, clinical surveillance, decision support, and alarm management) Raises $50M from OrbiMed #Technology #AI #Enterprise #Healthcare #Monitoring
Aleci Ice Cream (Produces USDA organic, A2 regenerative organic ice cream, known for its ideal texture and flavor profile) Raises $11M Series A Round from Imaginary Ventures #Organic #ConsumerGoods #Dairy #Food #IceCream
Amplifi Vascular Vein Dilation System (Develops a first-of-its-kind Vein Dilation System to improve vascular access for hemodialysis patients) Raises $6.9M Series A Round #Biotech #Healthcare #MedicalDevice #PatientCare #Vascular
AnyTeam Inc. (Provides an AI-native sales operating system to automate bothersome tasks for sales professionals, enhancing their selling efficiency) Raises $10M Seed Round from SignalFire #AI #Automation #B2B #SaaS #Sales
Arthrosi Therapeutics (Develops URAT1 inhibitors for gout treatment, currently in a pivotal Phase 3 program for pozdeutinurad) Raises $153M Series E Round from Highlight Capital #Therapeutics #Biotechnology #DrugDiscovery #Healthcare #Pharma
Attuned (Uses supervised voice AI to automate up to 70% of patient calls for hospitals and health systems) Raises $13M Seed Round from Radical Ventures, Threshold Ventures #Automation #AI #SaaS #Healthcare #B2B
AudioShake (Uses AI to deconstruct audio recordings into individual components, making all audio content editable, searchable, and programmable) Raises $14M Series A Round from Indicator Ventures #Audio #Entertainment #Media #SaaS
Baselane (A financial platform providing banking, bookkeeping, rent collection, and tax reporting tools specifically for real estate investors) Raises $34.4M Series B Round from Diagram Ventures #Proptech #RealEstate #SaaS #Automation #FinTech
BlastPoint (An AI-driven platform providing predictive insights to help businesses understand, reach, and serve their customers) Raises $10.6M from Curql #SaaS #AI #B2B #CustomerIntelligence #DataAnalytics
Chef Ann Foundation (A Boulder-based nonprofit dedicated to improving school food quality and nutrition nationwide) Raises $20K #Education #Children #Nonprofit #Health #Food
ConCntric (An AI-powered preconstruction platform unifying data, workflows, and people for confident decision-making) Raises $10M Series A Round #Software #AI #B2B #Construction
Cyvl.ai (An AI infrastructure intelligence platform using sensor-equipped vehicles to provide actionable data for public authorities) Raises $14M Series A Round #PublicSector
echelon.ai (Provider of an AI platform automating enterprise IT implementations, development, operations, and managed services) Raises $4.75M Seed Round from Bain Capital #AI #Automation #Enterprise #IT #SaaS
Enact Mortgage Insurance Raises $435M #Mortgage #Reputation #Mortgage #Reputation
Everyset (formerly Castifi) (Provides a vertically integrated solution for managing background performers and streamlining payroll for the entertainment industry) Raises $9M from Crosslink Capital #SaaS #EntertainmentTech #Fintech #HR #Payroll
FurtherAI (Provides an AI workspace purpose-built for insurance, automating submission intake, policy comparison, claims processing, and compliance) Raises $25M Series A Round from a16z #AI
Glue (Provides an agentic team chat platform leveraging AI to enable actions and context sharing across thousands of apps) Raises $20M from Craft Ventures #SaaS #AI #Collaboration #Integration #Productivity
Harvey (Provides generative AI models for legal professionals to streamline complex tasks like drafting, research, and due diligence) Raises $59M from EQT #B2B #AI #SaaS #LegalTech #GenerativeAI
Hoverfly (A leader in tethered drone systems for defense and security, providing domestically-sourced alternatives for critical missions) Raises $20M Series B Round #Hardware #Security #UAV #Defense
HyperSpectral (Creates AI-powered spectral intelligence solutions for MedTech, food safety, and defense applications) Raises $7M from Kibo Ventures Partners #Medtech #AI #DeepTech #Defense #FoodSafety
immunoVec (Pioneers novel in vivo cell engineering therapies for autoimmune diseases, solid tumors, and genetic disorders) Raises $40.7M #Autoimmune #Biotechnology #CellTherapy #Health #R&D
IonQ (Develops ion-trap-based quantum computers like Forte Enterprise and Tempo for advanced calculations) Raises $2B #QuantumComputing #AI
Jupiter Endovascular, Inc. (Develops a new class of endovascular interventions with proprietary TFX platform, focused on pulmonary embolism) Raises $40M Series B Round from Sonder Capital #Devices #Endovascular #Healthcare #Medical #Medtech
Archive Intel (An AI-powered compliance platform for wealth management and financial services, consolidating communications archiving, marketing compliance, and oversight) Raises $6.3M Series A Round from Social Leverage, Gray Line Partners #FinTech #Compliance #AI #WealthManagement #SaaS
Kadence (A workplace operations platform unifying space management, team scheduling, occupancy insights, and AI-powered coordination) Raises $20M Series A Round from Kickstart #Workplace #AI #B2B #Platform #SaaS
Kalshi (Operates as a regulated prediction market platform where users trade binary contracts on real-world event outcomes) Raises $300M Series D Round from CapitalG #Trading #FinTech #Global #PredictionMarket #Regulation
Knapsack (Powers AI-native digital product creation by connecting design, code, and product with reusable components) Raises $10M Series A Round from Builders VC #SaaS #AI #Design #Enterprise #ProductDevelopment
Longeye (Develops AI-based investigative tools for law enforcement and the justice system, analyzing digital evidence efficiently) Raises $5M Seed Round from a16z #PublicSafety #SaaS #AI #LawEnforcement #LegalTech
Polymarket (A decentralized platform enabling users to buy and sell shares based on real-world event outcomes, providing probability and sentiment signals) Raises $2B at $10B Valuation #Data #Blockchain #Web3 #PredictionMarket #DeFi
Funding rounds in United Kingdom
8 funding rounds, total raised $32M
Dragonfly (An AI-powered software discovery and advisory system helping businesses navigate and select digital tools) Raises $3.51M Pre-Seed Round from Dreamcraft, Episode 1 Ventures #Software #AI #B2B #Discovery #SaaS
High Temperature Material Systems (Develops advanced heat-resistant Ceramic Matrix Composites for mass-market applications like automotive and EV batteries) Raises $1.75M from Startup Funding Club #Manufacturing #AdvancedMaterials #Automotive #DeepTech #EV
Munro Vehicles (A Glasgow-based car manufacturer specializing in zero-emission electric 4x4 vehicles for heavy industry) Raises $2.7M from Elbow Beach Capital #OffRoad #Automotive #B2B #ElectricVehicles #Manufacturing
Nexcade AI (Automates global freight forwarding operations using agentic AI to simplify pricing, quoting, and rate procurement for logistics teams) Raises $2.5M Pre-Seed Round from MMC Ventures, Connect Ventures #AI #Automation #Freight #Logistics #SaaS
pavus (Develops an AI platform to connect and organize procurement data, optimizing spending and reducing costs for businesses) Raises $5.2M #AI #B2B #Enterprise #Procurement #SaaS
Renais Spirits (A luxury gin brand crafted in England, co-founded by Emma Watson, known for its unique grape-based spirit inspired by French vineyards) Raises $6.74M #Beverage #Craft #Gin #Luxury #Spirits
The Medical Travel Company (Offers a full-stack platform for UK patients to access affordable, high-quality medical treatments in India) Raises $4.44M from Nexus Venture Partners #Logistics #HealthTech #CrossBorderCare #MedicalTravel #Marketplace
Unikraft (Develops highly efficient and specialized unikernel operating systems for cloud and edge computing, enhancing performance and cost-effectiveness) Raises $6M #Unikernels #AI #CloudComputing #Infrastructure #Performance
Funding rounds in India
9 funding rounds, total raised $335M
Carbon Emission Management Software (Provides enterprise sustainability software helping businesses monitor, reduce carbon emissions, and achieve net zero) Raises $600K #ClimateTech #Enterprise #NetZero #SaaS #Sustainability
Fibe (A fintech platform providing transparent, quick, and digitally managed credit solutions for young, aspirational consumers) Raises $173.9K IPO Round #Digital #ConsumerCredit #NBFC #Lending #FinTech
Intangles Lab Pvt. Ltd. (Develops a predictive AI platform for automobiles, offering advanced fleet maintenance and management solutions) Raises $30M Series B Round from Avataar Venture Partners #Automotive #AI #SaaS #PredictiveAnalytics #FleetManagement
ixigo (An online travel agency and booking platform focused on serving next-billion-user travelers in India) Raises $150.16M from Prosus #TravelTech #B2C #India #OnlineTravel #OTA
Meolaa (A sustainability-focused consumer brand offering beauty, babycare, and home improvement products, transitioning into an AI-enabled FMCG house) Raises $6M Seed Round from General Catalyst #AI #Beauty #Consumer #FMCG #Sustainability
Pantherun (Specializes in advanced real-time data encryption, enhancing security across devices, networks, endpoints, and cloud systems) Raises $12M Series A Round #Enterprise #B2B #Cybersecurity #DataProtection
Raise (A financial technology company that operates a stock-trading platform and other financial services for users) Raises $120M from BEENEXT (Singapore) #Trading #B2C #FinTech #Investments #Platform
Reo.Dev (An AI-native GTM platform for developer-first companies, leveraging developer signals to boost sales and clear pipeline fog) Raises $4M Seed Round from India Quotient #SalesTech #AI #B2B #DeveloperTools #GTM
Rusk Media (Creates and distributes digital entertainment content for Gen Z and millennial audiences using AI-enabled workflows) Raises $12M Series B Round from WOORI Venture Partners, IvyCap Ventures #OTT #AI #DigitalMedia #Entertainment #GenZ
Funding rounds in Germany
4 funding rounds, total raised $196M
Founders need better information
Get a single daily brief that filters the noise and delivers the signals founders actually use.
All the best stories — curated by a founder who reads everything so you don't have to.
And it’s totally free. We pay to subscribe, you get the good stuff.
Techpresso gives you a daily rundown of what's happening in tech and what you shouldn't miss. Read by 300,000+ professionals from Google, Apple, OpenAI...
Clicking our affiliate links may earn us a small commission, which helps us keep this newsletter running and improve it for you.