Who Just RaisedMonthly report · from SEC Form D filings
The state of private funding: January 2026
New raises
747
−18% vs Jan 25
Capital reported
$8.84B
−57% vs Jan 25
Median raise
$1.1M
$2M a year earlier
Month by month
Last 24 months · select a bar for that month
By sector
| Sector | Raises | Raised | vs year earlier |
|---|---|---|---|
| Technology | 272 | $3.69B | −69% |
| Financial Services | 42 | $1.67B | +38% |
| Other | 204 | $1.43B | −72% |
| Health Care | 83 | $1.08B | −32% |
| Energy | 27 | $445M | +28% |
| Consumer | 25 | $265M | +359% |
| Manufacturing | 26 | $93.6M | +14% |
| Mining & Metals | 33 | $91.3M | +282% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 110 | $3.09B |
| New York | 95 | $984M |
| Texas | 46 | $199M |
| Florida | 39 | $657M |
| Massachusetts | 27 | $541M |
| Pennsylvania | 23 | $311M |
| Colorado | 21 | $83.8M |
| Delaware | 21 | $90M |
The 10 largest raises
January 2026
| Company | Where | Sector | Raised |
|---|---|---|---|
| Pacific Life Insurance Co. | Newport Beach, CA | Financial Services | $783M |
| Baldwin Insurance Group, Inc. | Tampa, FL | Financial Services | $552M |
| Fluidstack Ltd | London, United Kingdom | Technology | $450M |
| Lightning AI, Inc. | San Francisco, CA | Technology | $435M |
| Onebrief, Inc. | Honolulu, HI | Technology | $359M |
| D-Wave Quantum Inc. | Palo Alto, CA | Technology | $275M |
| Green Interfaith Environmental Organization | Washington, DC | Energy | $250M |
| Rhodenergy An Environmental Co Corp | Princeton, NJ | Health Care | $250M |
| True Talent Advisory LLC | Philadelphia, PA | Other | $197M |
| Oxide Computer Co | Emeryville, CA | Technology | $184M |
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. ← December 2025 · February 2026 →