The state of private funding
A monthly report from every new Form D filed with the SEC since January 2020: how many companies raised, how much, and where. Latest: September 2026.
A monthly report from every new Form D filed with the SEC since January 2020: how many companies raised, how much, and where. Latest: September 2026.
| Month | New raises | Capital reported | Median raise |
|---|---|---|---|
| September 2026 | 881 | $18.13B | $1.1M |
| August 2026 | 846 | $18.93B | $1.2M |
| July 2026 | 901 | $11.66B | $1.4M |
| June 2026 | 868 | $14.26B | $1.2M |
| May 2026 | 822 | $11.02B | $1.1M |
| April 2026 | 1,029 | $9.81B | $1.1M |
| March 2026 | 892 | $12.41B | $1.1M |
| February 2026 | 701 | $8.13B | $1.3M |
| January 2026 | 747 | $8.84B | $1.1M |
| December 2025 | 828 | $18.07B | $2M |
| November 2025 | 726 | $8.67B | $1.5M |
| October 2025 | 921 | $10.19B | $1.7M |
| September 2025 | 810 | $13.07B | $1.5M |
| August 2025 | 851 | $17.62B | $1.4M |
| July 2025 | 842 | $10.54B | $1.8M |
| June 2025 | 791 | $10.86B | $1.8M |
| May 2025 | 890 | $10.39B | $1.6M |
| April 2025 | 748 | $10.97B | $1.7M |
| March 2025 | 801 | $6.62B | $1.5M |
| February 2025 | 766 | $13.5B | $1.5M |
| January 2025 | 906 | $20.79B | $2M |
| December 2024 | 845 | $17.07B | $2M |
| November 2024 | 727 | $9.69B | $2M |
| October 2024 | 865 | $9.15B | $1.9M |
| September 2024 | 759 | $11.56B | $1.6M |
| August 2024 | 855 | $7.35B | $1.6M |
| July 2024 | 842 | $8.27B | $1.8M |
| June 2024 | 785 | $8.01B | $1.5M |
| May 2024 | 922 | $16.08B | $1.5M |
| April 2024 | 878 | $10.63B | $1.6M |
| March 2024 | 868 | $10.57B | $1.6M |
| February 2024 | 775 | $10.35B | $1.8M |
| January 2024 | 895 | $9.15B | $1.2M |
| December 2023 | 867 | $10.08B | $2M |
| November 2023 | 764 | $6.28B | $1.3M |
| October 2023 | 888 | $8.53B | $1.3M |
| September 2023 | 754 | $7.11B | $1.2M |
| August 2023 | 930 | $7.01B | $1.5M |
| July 2023 | 866 | $7.75B | $1.9M |
| June 2023 | 930 | $6.05B | $1.6M |
| May 2023 | 962 | $8.26B | $1.5M |
| April 2023 | 909 | $11.34B | $1.6M |
| March 2023 | 1,041 | $16.02B | $1.5M |
| February 2023 | 767 | $15.54B | $1.6M |
| January 2023 | 949 | $17.83B | $1.6M |
| December 2022 | 973 | $10.57B | $2M |
| November 2022 | 927 | $17.96B | $1.7M |
| October 2022 | 927 | $17.2B | $2M |
| September 2022 | 943 | $6.81B | $1.6M |
| August 2022 | 1,069 | $10.66B | $2M |
| July 2022 | 1,008 | $14.1B | $2M |
| June 2022 | 987 | $12.98B | $2M |
| May 2022 | 1,091 | $13.08B | $2M |
| April 2022 | 1,115 | $16.9B | $2.1M |
| March 2022 | 1,356 | $17.01B | $1.8M |
| February 2022 | 938 | $14.46B | $2M |
| January 2022 | 1,156 | $17.42B | $2.4M |
| December 2021 | 1,255 | $21.83B | $2.5M |
| November 2021 | 1,098 | $21.21B | $2.5M |
| October 2021 | 1,109 | $17.59B | $2.5M |
| September 2021 | 1,096 | $21.46B | $2.4M |
| August 2021 | 1,151 | $22.12B | $2M |
| July 2021 | 1,152 | $15.3B | $2.2M |
| June 2021 | 1,178 | $18.89B | $3.3M |
| May 2021 | 1,093 | $17.52B | $2.5M |
| April 2021 | 1,219 | $19.59B | $2.1M |
| March 2021 | 1,282 | $19.34B | $1.8M |
| February 2021 | 1,034 | $34.5B | $1.7M |
| January 2021 | 1,010 | $14.14B | $1.8M |
| December 2020 | 1,125 | $15.95B | $1.8M |
| November 2020 | 926 | $10.62B | $1.9M |
| October 2020 | 970 | $11.89B | $1.3M |
| September 2020 | 842 | $8.33B | $1.3M |
| August 2020 | 941 | $11.3B | $1.3M |
| July 2020 | 878 | $10.74B | $1.6M |
| June 2020 | 858 | $7.21B | $1.2M |
| May 2020 | 869 | $8.97B | $1.7M |
| April 2020 | 839 | $7.39B | $1.5M |
| March 2020 | 889 | $7.71B | $1.3M |
| February 2020 | 840 | $6.67B | $1.2M |
| January 2020 | 973 | $7.49B | $1.5M |
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