Who Just RaisedMonthly report · from SEC Form D filings
The state of private funding: October 2025
New raises
921
+6% vs Oct 24
Capital reported
$10.19B
+11% vs Oct 24
Median raise
$1.7M
$1.9M a year earlier
Month by month
Last 24 months · select a bar for that month
By sector
| Sector | Raises | Raised | vs year earlier |
|---|---|---|---|
| Technology | 308 | $3.09B | +0% |
| Other | 230 | $2.92B | +116% |
| Health Care | 133 | $2.55B | +29% |
| Financial Services | 46 | $451M | −63% |
| Energy | 33 | $335M | +118% |
| Mining & Metals | 43 | $188M | −64% |
| Business Services | 31 | $186M | +60% |
| Manufacturing | 34 | $143M | −78% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 123 | $1.78B |
| New York | 102 | $1.68B |
| Texas | 72 | $565M |
| Florida | 51 | $182M |
| Massachusetts | 41 | $372M |
| Delaware | 35 | $151M |
| Washington | 28 | $95.5M |
| Colorado | 27 | $1.28B |
The 10 largest raises
October 2025
| Company | Where | Sector | Raised |
|---|---|---|---|
| Crusoe Inc. | Denver, CO | Other | $1.03B |
| Waystar Holding Corp. | Lehi, UT | Health Care | $621M |
| Sharps Technology Inc. | Melville, NY | Health Care | $411M |
| Brera Holdings PLC | Dublin, Ireland | Other | $300M |
| Kalshi Inc. | New York, NY | Technology | $295M |
| Whatnot Inc. | San Francisco, CA | Technology | $225M |
| Rezolve AI PLC | London, United Kingdom | Technology | $200M |
| Ontic Technologies, Inc. | Austin, TX | Technology | $196M |
| Predictive Oncology Inc. | Pittsburgh, PA | Health Care | $173M |
| Skyryse, Inc. | El Segundo, CA | Other | $167M |
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. ← September 2025 · November 2025 →