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Capital Unlocked: 21 Funds, $2.6B Closed: AI Dominates the 1–4 Nov Window

Twenty-one funds closed $2,585M in fresh capital across the fortnight to 4 November 2026, with AI-focused mandates accounting for more than half the field.

Capital Intelligence21 October 2026 – 4 November 2026$2.6B

◆ Funds this week

21

◆ Fresh capital

$2.6B

◆ Undisclosed terms

7 funds

◆ Previous week

15 funds · $2.3B

◆ Published

4 November 2026

◆ The Week

In the two weeks to 4 November 2026, 21 funds closed new capital totalling $2,585M — up from 15 funds in the previous edition, a rise of 6. Seven of the 21 funds did not disclose their size, so the disclosed figure understates the true volume of capital entering the market.

◆ Stages

Seed-stage mandates dominated with 19 funds declaring coverage, followed by Series A at 14 and pre-seed at 8 — confirming that the bulk of new capital is oriented towards the earliest company-building phases. Series B appeared in 8 fund mandates, while Series C and growth each registered just 1.

seed19 funds

series-a14 funds

pre-seed8 funds

series-b8 funds

growth1 fund

series-c1 fund

◆ Sectors

AI & ML dominated sector focus with 11 of the 21 funds declaring it as a mandate — by some distance the most popular thesis in the window. Climate Tech attracted 3 funds, Fintech and Robotics, Drones & UAV each drew 2, and Advanced Materials, Clean Energy, Deep Tech: Telecom & Connectivity, and IoT & Edge each registered 1. The AI concentration reflects two compounding forces: the continuing race among LPs to gain exposure to foundation-layer and application-layer AI before that access becomes structurally restricted, and the fact that GPs raising now are pitching portfolios shaped by the last 18 months of enterprise AI adoption.

AI & ML11 funds

Climate Tech3 funds

Fintech2 funds

Robotics, Drones & UAV2 funds

Advanced Materials1 fund

Clean Energy1 fund

◆ Geography

North America and Europe each produced 5 funds, with North America's cohort carrying $991M and Europe's $750M — together accounting for the majority of disclosed capital. The United Kingdom added a further 3 funds and $429M, while MENA delivered 3 funds and $262M, signalling that the Gulf is now a consistent contributor rather than an occasional outlier. East Asia's 2 funds declined to disclose size, leaving a material gap in the regional picture.

North America5 funds · $991M

Europe5 funds · $750M

United Kingdom3 funds · $429M

MENA3 funds · $262M

East Asia2 funds

Southeast Asia1 fund · $53M

◆ The Database

Every fund featured here — and the full universe of closes tracked by Fusion42 Raise — is searchable in the Capital Unlocked database at fusion42.io/raise.

All tracked funds →

◆ Funds in this edition