Who Just RaisedMonthly report · from SEC Form D filings
The state of private funding: May 2025
New raises
890
−3% vs May 24
Capital reported
$10.39B
−35% vs May 24
Median raise
$1.6M
$1.5M a year earlier
Month by month
Last 24 months · select a bar for that month
By sector
| Sector | Raises | Raised | vs year earlier |
|---|---|---|---|
| Technology | 304 | $6.24B | −33% |
| Health Care | 145 | $1.51B | −33% |
| Other | 215 | $1.2B | −38% |
| Financial Services | 51 | $558M | +38% |
| Business Services | 27 | $330M | −77% |
| Energy | 30 | $310M | +82% |
| Consumer | 24 | $78.2M | −56% |
| Manufacturing | 30 | $70.4M | −81% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 139 | $1.62B |
| New York | 77 | $648M |
| Texas | 66 | $387M |
| Florida | 58 | $287M |
| Colorado | 43 | $161M |
| Massachusetts | 38 | $578M |
| Delaware | 23 | $93.8M |
| Pennsylvania | 19 | $140M |
The 10 largest raises
May 2025
| Company | Where | Sector | Raised |
|---|---|---|---|
| World View Enterprises Inc. | Tucson, AZ | Technology | $2.57B |
| Payward, Inc. | Cheyenne, WY | Technology | $400M |
| Century Parent LP | Nashville, TN | Business Services | $284M |
| Pathos AI, Inc. | Chicago, IL | Health Care | $283M |
| Clearwater Analytics Holdings, Inc. | Boise, ID | Technology | $262M |
| Casago Holdings, LLC | Scottsdale, AZ | Other | $220M |
| Green Energy Global Inc. | Pearce, AZ | Technology | $211M |
| Lumicell, Inc. | Newton, MA | Health Care | $198M |
| Stash Financial, Inc. | New York, NY | Financial Services | $187M |
| Vascular Perfusion Solutions, Inc. | San Antonio, TX | Health Care | $147M |
New Form D notices from operating companies (investment funds and vehicles excluded), as reported to the SEC; raises over $10B are left out of totals. ← April 2025 · June 2025 →