Analysis
Value Add Pulse's own funding tracker has now logged $196.2 billion in disclosed venture capital across 521 deals, a total that excludes $44 billion sitting separately in 32 newly closed VC funds, according to the tracker's live totals this week.
The median disclosed round on the tracker sits at $110 million -- a figure pulled well above typical early-stage rounds by a run of 2026 mega-deals.
āThe median disclosed round on the tracker sits at $110 million -- a figure pulled well above typical early-stage rounds by a run of 2026 mega-deals.ā
This week alone added some of the tracker's largest entries:
- Ramp -- $1.85B raise at a $60B valuation, led by Dragoneer Investment Group. Previously covered.
- OrbiMed -- $3B closed across two new healthcare funds.
- Modal Labs -- $750M Series D confirmed at a $15.75B valuation, crossing $1B in annualized revenue. Previously covered.
- Aldaron -- $885M debut buyout fund from Palantir and Carlyle veterans, covered above.
The gap between capital raised by funds and capital actually deployed into startups is the number worth watching. Fresh fund closes have been outpacing the tracker's weekly deployment pace for several months running, which is the setup that typically shows up later as valuation inflation once that dry powder starts chasing a limited number of hot deals -- exactly the dynamic playing out in this week's string of back-to-back mega-rounds.
