Monthly report · from SEC Form D filings
The state of private funding: May 2026
New raises
822
−8% vs May 25
Capital reported
$11.02B
+6% vs May 25
Median raise
$1.1M
$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 | 286 | $5.14B | −18% |
| Other | 185 | $2.95B | +145% |
| Health Care | 137 | $866M | −43% |
| Energy | 34 | $792M | +156% |
| Financial Services | 50 | $545M | −2% |
| Manufacturing | 26 | $515M | +631% |
| Business Services | 18 | $106M | −68% |
| Mining & Metals | 28 | $69.5M | +57% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 129 | $2.41B |
| New York | 75 | $1.23B |
| Texas | 69 | $532M |
| Florida | 58 | $480M |
| Massachusetts | 38 | $749M |
| Delaware | 28 | $98.3M |
| Washington | 27 | $80.8M |
| Illinois | 22 | $33.8M |
The 10 largest raises
May 2026
| Company | Where | Sector | Raised |
|---|---|---|---|
| Multi-Color Corp | Atlanta, GA | Other | $1.3B |
| Ineffable Intelligence Ltd | Altrincham, United Kingdom | Technology | $1.1B |
| Shield AI Inc | San Diego, CA | Technology | $592M |
| Labels Buyer, LLC | Atlanta, GA | Other | $558M |
| SharonAI Holdings Inc. | New York, NY | Technology | $350M |
| Cowboy Space Corp | San Carlos, CA | Technology | $305M |
| Advanced Manufacturing Co of America, Inc. | El Segundo, CA | Manufacturing | $245M |
| Positron AI, Inc. | Reno, NV | Other | $234M |
| Circle Internet Group, Inc. | New York, NY | Technology | $222M |
| Mercury Technologies, Inc. | San Francisco, CA | Technology | $200M |
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 2026 · June 2026 →