Total late-stage funding increased to $3.8 billion across 44 rounds in January-June, from $3 billion across 78 rounds in the second half of 2025, and $3.5 billion across 94 rounds in the first half of last year, according to Tracxn data. The average cheque size was about $38 million in the second half of 2025 and $37 million in the first half. The largest rounds this year have been led by strategi...