This week's venture capital funding is led by two deals out of Europe exceeding the $100 million threshold.
The top reported deal, per FinSMEs, came from Stockholm, Sweden-based AI development provider Lovable, which raised a $200 million Series A in part to "expand (its) operations and its development efforts," according to its announcement. Loveable allows non-technical users to write full-stack software using text commands. The next biggest announcement came from the agentic AI space, where U.K.-based Xelix raised a $160 million Series B. The top five also included companies in the wealthtech, materials science and conversational AI sectors.
Smaller funding raises that did not quite make our top 5 this week included announcements from the education, physical AI and AI infrastructure spaces.
Below, we highlight the top five venture capital deals, ranked from the highest to the lowest funding amounts, showcasing the companies at the forefront of the AI revolution...
Top 5 Venture Capital Deals from July 17-July 23