Who Just RaisedMonthly report · from SEC Form D filings
The state of private funding: August 2025
New raises
851
−0% vs Aug 24
Capital reported
$17.62B
+140% vs Aug 24
Median raise
$1.4M
$1.6M a year earlier
Month by month
Last 24 months · select a bar for that month
By sector
| Sector | Raises | Raised | vs year earlier |
|---|---|---|---|
| Technology | 293 | $11.48B | +390% |
| Other | 234 | $2.34B | +37% |
| Financial Services | 36 | $1.65B | +43% |
| Health Care | 135 | $1.6B | +11% |
| Consumer | 20 | $212M | +14% |
| Manufacturing | 17 | $99.7M | +209% |
| Business Services | 30 | $85.9M | −62% |
| Mining & Metals | 34 | $64.2M | −32% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 102 | $9.23B |
| New York | 84 | $2.03B |
| Texas | 62 | $1.46B |
| Florida | 54 | $499M |
| Massachusetts | 46 | $387M |
| Delaware | 35 | $56.2M |
| North Carolina | 25 | $491M |
| Colorado | 23 | $670M |
The 10 largest raises
August 2025
| Company | Where | Sector | Raised |
|---|---|---|---|
| X.AI Holdings Corp. | Palo Alto, CA | Technology | $5.32B |
| Genesys Cloud Services Topco LLC | Menlo Park, CA | Technology | $1.5B |
| Pacific Life Insurance Co. | Newport Beach, CA | Financial Services | $1.21B |
| Quantinuum | Broomfield, CO | Technology | $594M |
| Verb Technology Company, Inc. | Las Vegas, NV | Technology | $558M |
| Ramp Business Corp | New York, NY | Technology | $514M |
| Empery Digital, Inc. | Round Rock, TX | Other | $501M |
| Gi Alliance Holdings, LLC | Southlake, TX | Other | $490M |
| INNOVATE Corp. | New York, NY | Other | $360M |
| Kriya Therapeutics, Inc. | Morrisville, NC | Health Care | $313M |
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. ← July 2025 · September 2025 →