The Week’s 10 Biggest Funding Rounds: AI, Fintech And E-Commerce In The Lead
1. Mercor, $350M, AI hiring: San Francisco-based Mercor, a provider of AI-enabled tools for hiring, secured $350 million in Series C funding at a $10 billion valuation. Felicis led the financing, which included participation by Robinhood Ventures, General Catalyst and Benchmark.
2. (tied) SavvyMoney, $225M, fintech: SavvyMoney, which offers tools for financial services providers to embed features like credit scores and personalized offers into their consumer offerings, announced a $225 million investment co-led by PSG Equity and Canapi Ventures. Founded in 2009, the Dublin, California, company currently works with more than 1,500 financial institution customers.
2. (tied) Whatnot, $225M, e-commerce: Whatnot, a live shopping platform and marketplace, has closed a $225 million Series F round, more than doubling its valuation to $11.5 billion in less than 10 months. DST Global and CapitalG co-led the financing, which brings the Los Angeles-based company’s total raised to about $968 million since its 2019 inception.
4. (tied) Sublime Security, $150M, cybersecurity: Sublime Security, a developer of agentic AI tools for email security, raised $150 million in a Series C round led by Georgian. The financing brings total funding to date for the 6-year-old Washington, D.C.-based company to around $240 million, per Crunchbase data.
4. (tied) Harvey, $150M, legal tech: Harvey, developer of an AI-enabled platform for legal professionals, closed on a fresh $150 million, bringing total reported funding to date to $1 billion. Andreessen Horowitz led the latest round, which reportedly set an $8 billion valuation for the 3-year-old, San Francisco-based company.
6. (tied) Human Interest, $100M, finance: Human Interest, a San Francisco-based startup that helps small businesses offer 401(k) plans to their employees, raised more than $100 million at a $3 billion valuation, Axios reports. That valuation is up from the $1.3 billion the company was last valued at in 2024. Previous investors Baillie Gifford, BlackRock, Marshall Wace, Morgan Stanley and TPG again backed the company.
6. (tied) Substrate, $100M, semiconductors: Substrate, a San Francisco-based startup seeking to build semiconductor factories with new laser-based technology, raised $100 million from Founders Fund, General Catalyst, IQT and others.
8. Zag Bio, $80M, biotech: Cambridge, Massachusetts-based Zag Bio, a developer of thymus-targeted medicines, announced its public launch with $80 million in financing, including a recently closed Series A round. Polaris Partners founded and incubated the startup and co-led the Series A financing with the JDRF T1D Fund.
9. ConductorOne, $79M, identity security: ConductorOne, an identity security startup building an AI platform geared for human, non-human and AI identities, landed $79 million in a Series B financing led by Greycroft. The 4-year-old Portland, Oregon-based company says it saw 400% revenue growth last year.
10. Blueprint, $60M, personal care: Blueprint, a Los Angeles-based brand that markets supplements, skin and hair care products, and foods geared to promote well-being and longevity, raised $60 million from a long list of venture and celebrity investors including Paris Hilton, Cameron Winklevoss, Tyler Winklevoss and Logan Paul.