Funding · SEC Form D
US startup funding, straight from the filings.
Every US company raising private capital files a Form D with the SEC. We rebuild those filings into a browsable record — 3,196 disclosed offerings of $20M+ from 2,445 companies across 20 quarters, $300.4B in total. Every figure links to the filing it came from.
$300.4B
Disclosed across 20 quarters
3,196
Offerings of $20M+
2,445
Companies
Aug 8, 2026
Last updated
20 quarters of funding, charted
See the trends →
Companies raised 1% more over the past year than 4 years ago — across 34% fewer deals.
What this is, and isn't
Form D is a notice filing, not an audited disclosure, and the amount shown is cumulative across amendments — so an entry here is an offering, not a "round" as a journalist would define one. It covers US issuers only. We exclude pooled investment funds, real-estate and banking vehicles, and public companies. How we filter →
Largest raises
By total disclosed across the period, one row per company.
$21.9B
X.AI Holdings Corp.
Palo Alto, CA · Software & Technology · 2 offerings
$18.8B
Databricks, Inc.
databricks.com ↗
San Francisco, CA · Software & Technology · 9 offerings · 819 open roles
$11.2B
X.AI CORP.
Palo Alto, CA · Software & Technology · 4 offerings
$3.75B
$3.32B
$3.23B
$2.85B
$2.66B
SPACE EXPLORATION TECHNOLOGIES CORP
spacex.com ↗
Hawthorne, CA · Software & Technology · 4 offerings · 2,155 open roles
$2.57B
World View Enterprises Inc.
Tucson, AZ · Software & Technology
$2.28B
Wonder Group, Inc.
New York, NY · Consumer & Retail · 6 offerings
$2.04B
$1.83B
$1.66B
Silicon Ranch Corp
siliconranch.com ↗
Nashville, TN · Energy & Climate · 3 offerings · 12 open roles
$1.55B
$1.36B
MAKATUU INC
Wilmington, DE · Software & Technology · 4 offerings
$1.31B
Kalshi Inc.
New York, NY · Software & Technology · 4 offerings
$1.20B
Lacework, Inc.
San Jose, CA · Software & Technology
$1.18B
First Mode Holdings, Inc.
Seattle, WA · Energy & Climate
$1.18B
$1.15B
CoreWeave, Inc.
Roseland, NJ · Software & Technology
$1.15B
Metropolis Technologies, Inc.
metropolis.com ↗
Santa Monica, CA · Software & Technology · 2 offerings · 80 open roles
$1.14B
Beta Technologies Inc.
South Burlington, VT · Software & Technology · 3 offerings
$1.10B
Chime Financial, Inc.
San Francisco, CA · Software & Technology
$1.10B
$1.08B
By quarter
Q2 2026
$16.2B · 172 offerings
Q1 2026
$27.7B · 143 offerings
Q4 2025
$17B · 157 offerings
Q3 2025
$21.6B · 186 offerings
Q2 2025
$16.6B · 136 offerings
Q1 2025
$17.8B · 122 offerings
Q4 2024
$15B · 123 offerings
Q3 2024
$9.71B · 147 offerings
Q2 2024
$15.5B · 145 offerings
Q1 2024
$8.99B · 122 offerings
Q4 2023
$10.2B · 127 offerings
Q3 2023
$8.31B · 108 offerings
Q2 2023
$6.46B · 110 offerings
Q1 2023
$9.20B · 112 offerings
Q4 2022
$9.08B · 133 offerings
Q3 2022
$9.43B · 152 offerings
Q2 2022
$12.9B · 191 offerings
Q1 2022
$17.3B · 249 offerings
Q4 2021
$23.8B · 287 offerings
Q3 2021
$27.5B · 274 offerings
By industry
Software & Technology
$207.8B · 1511 companies
Biotech & Pharma
$41.5B · 449 companies
Healthcare
$21.4B · 280 companies
Energy & Climate
$14.1B · 84 companies
Consumer & Retail
$7.08B · 48 companies
Industrial & Manufacturing
$4.39B · 44 companies
Agriculture
$2.19B · 19 companies
Business Services
$1.95B · 21 companies
By city
Where the money went, by company headquarters.
San Francisco, CA
$52.3B · 267 companies
Palo Alto, CA
$33.8B · 58 companies
New York, NY
$25.4B · 244 companies
Boston, MA
$7.75B · 93 companies
San Diego, CA
$7.41B · 55 companies
Austin, TX
$6.88B · 68 companies
Burlingame, CA
$5.99B · 13 companies
Cambridge, MA
$4.34B · 64 companies
South San Francisco, CA
$4.28B · 38 companies
Seattle, WA
$4.17B · 42 companies
Chicago, IL
$4B · 43 companies
Miami, FL
$3.34B · 28 companies
Houston, TX
$3.23B · 27 companies
San Mateo, CA
$3.22B · 25 companies
Denver, CO
$3.04B · 32 companies
San Jose, CA
$2.79B · 29 companies
Dover, DE
$2.51B · 16 companies
Nashville, TN
$2.49B · 13 companies
Mountain View, CA
$2.44B · 23 companies
Brooklyn, NY
$2.43B · 31 companies
Santa Monica, CA
$2.40B · 13 companies
Wilmington, DE
$2.18B · 16 companies
Watertown, MA
$1.91B · 16 companies
Berkeley, CA
$1.88B · 16 companies
By state
California $152.8BNew York $29.2BMassachusetts $21.4BTexas $13.8BFlorida $10.3BWashington $7.80BColorado $6.25BArizona $5.97BDelaware $4.96BIllinois $4.77BNorth Carolina $3.58BPennsylvania $3.47BTennessee $3.43BNew Jersey $3.22BVirginia $2.92BOhio $2.67BConnecticut $2.58BMinnesota $2.05BUtah $2.05BMaryland $1.88BMissouri $1.62BGeorgia $1.58BWashington DC $1.32BWyoming $1.30BNevada $1.08BMichigan $1.05BOregon $828MWisconsin $590MIndiana $442M
Source: SEC Form D structured data. Amounts are self-reported by the issuer on a notice filing — not audited, and cumulative across amendments. Full methodology →