Funding · Q2 2025
Startup funding in Q2 2025
136 US offerings of $20M or more were disclosed to the SEC in Q2 2025, totalling $16.6B.
$16.6B
Disclosed this quarter
136
Offerings of $20M+
$3.36B
Largest — Infinite Reality, Inc.
1,231
All operating-company filings
By industry
$12.2B · 87
$2.15B · 20
$1.29B · 15
$822M · 8
$85M · 3
$52M · 2
$36M · 1
All offerings · 136
$3.36B
Infinite Reality, Inc.
infinitereality.com ↗
Boca Raton, FL · Software & Technology · filed Apr 28, 2025
$2.57B
World View Enterprises Inc.
Tucson, AZ · Software & Technology · filed May 22, 2025
$649M
$481M
$454M
Rarestep, Inc.
Birmingham, AL · Software & Technology · filed Apr 14, 2025
$451M
$400M
$348M
$316M
$283M
Pathos AI, Inc.
Chicago, IL · Biotech & Pharma · filed May 1, 2025
$248M
Niantic Spatial, Inc.
nianticspatial.com ↗
San Francisco, CA · Software & Technology · filed Jun 13, 2025
$211M
GREEN ENERGY GLOBAL INC
greenenergyglobal.com ↗
Pearce, AZ · Software & Technology · filed May 28, 2025
$200M
Mercury Technologies, Inc.
San Francisco, CA · Software & Technology · filed Apr 11, 2025
$198M
$196M
$147M
Vascular Perfusion Solutions, Inc.
vascularperfusionsolutions.com ↗
San Antonio, TX · Biotech & Pharma · filed May 30, 2025
$130M
$125M
Observe, Inc.
San Mateo, CA · Software & Technology · filed Jun 6, 2025
$124M
BigHat Biosciences, Inc.
bighatbio.com ↗
San Mateo, CA · Biotech & Pharma · filed Apr 28, 2025 · 1 amendment
$122M
Gecko Robotics, Inc.
geckorobotics.com ↗
Pittsburgh, PA · Software & Technology · filed Jun 12, 2025
$120M
$110M
GREENRIDGE PHOENIX PROJECT
Santa Monica, CA · Software & Technology · filed May 15, 2025
$110M
WATER ENHANCEMENT TECHNOLOGIES SOLUTIONS INC
Nashaua, NH · Software & Technology · filed May 14, 2025
$110M
TECHTONIC MEDIA ENTERTAINMENT GROUP INC
Woodland Hills, CA · Software & Technology · filed Apr 18, 2025
$110M
POSITIVE IMAGE CONSULTING SERVICES INC
Buffalo, WY · Software & Technology · filed Apr 18, 2025
$110M
$104M
SIERRA INTERNATIONAL NETWORK INC
sierranetwork.com ↗
Irvine, CA · Software & Technology · filed May 19, 2025
$104M
Science Corp
Alameda, CA · Software & Technology · filed Apr 14, 2025
$102M
NEURONA THERAPEUTICS, INC
neuronatherapeutics.com ↗
South San Francisco, CA · Biotech & Pharma · filed Apr 4, 2025
$100M
$90M
$90M
$87M
$85M
$84M
$80M
$78M
$75M
Pheast Therapeutics, Inc.
Redwood City, CA · Software & Technology · filed Apr 10, 2025 · 1 amendment
$75M
$74M
$74M
$73M
$72M
$72M
$71M
Collective Hub, Inc.
collectivehub.com ↗
San Francisco, CA · Software & Technology · filed Jun 13, 2025
$67M
$67M
$66M
Radiant Industries, Inc
radiantindustries.com ↗
El Segundo, CA · Energy & Climate · filed Jun 10, 2025
$63M
$61M
$61M
Arthrosi Therapeutics, Inc.
arthrositherapeutics.com ↗
Laguna Hills, CA · Biotech & Pharma · filed Jun 24, 2025
$60M
$60M
Find Solace, Inc.
Redwood City, CA · Software & Technology · filed Apr 11, 2025
$60M
$58M
$56M
Centaur Health Holdings, Inc.
centaurhealth.com ↗
Middleton, WI · Healthcare · filed Jun 11, 2025 · 2 amendments
$55M
$55M
Natron Holdings, Inc.
Holland, MI · Energy & Climate · filed Apr 23, 2025
$53M
GT MEDICAL TECHNOLOGIES, INC.
Tempe, AZ · Healthcare · filed Jun 11, 2025 · 1 amendment
$53M
Beep, Inc.
Orlando, FL · Software & Technology · filed Apr 10, 2025
$52M
Wander.com, Inc.
Austin, TX · Software & Technology · filed Jun 11, 2025
$52M
Goodfire AI, Inc.
San Francisco, CA · Software & Technology · filed Jun 2, 2025
$51M
$50M
$50M
Pactum AI, Inc.
Mountain View, CA · Software & Technology · filed Jun 2, 2025
$50M
$49M
Twin Health, Inc.
usa.twinhealth.com ↗
Mountain View, CA · Software & Technology · filed May 23, 2025
$49M
$48M
Character Biosciences, Inc.
characterbiosciences.com ↗
Jersey City, NJ · Biotech & Pharma · filed May 12, 2025
$45M
$44M
Juniper Square, Inc.
junipersquare.com ↗
San Francisco, CA · Software & Technology · filed May 9, 2025
$44M
Exo Imaging, Inc.
Santa Clara, CA · Healthcare · filed Jun 11, 2025
$43M
$43M
Heron Power Electronics Co
heronpower.com ↗
Scotts Valley, CA · Energy & Climate · filed May 28, 2025
$43M
Form Health, Inc.
formhealth.com ↗
Boston, MA · Software & Technology · filed Apr 15, 2025 · 1 amendment
$40M
Tutor Intelligence, Inc.
tutorintelligence.com ↗
Watertown, MA · Software & Technology · filed May 14, 2025
$40M
Unify AI Business Corp
San Francisco, CA · Software & Technology · filed May 19, 2025
$40M
ENCOMPASS TECHNOLOGIES, INC.
Carson City, NV · Biotech & Pharma · filed May 19, 2025
$40M
Fold, Inc.
Phoenix, AZ · Software & Technology · filed Apr 15, 2025
$38M
Lexington Medical, Inc.
lexingtonmedical.com ↗
Bedford, MA · Industrial & Manufacturing · filed Apr 29, 2025
$37M
FORE US Bio Inc.
Philadelphia, PA · Biotech & Pharma · filed May 15, 2025
$37M
$36M
$36M
$35M
Porter Cares, Inc.
Baltimore, MD · Healthcare · filed Apr 4, 2025
$35M
Sevaro Health Inc
East Brunswick, NJ · Software & Technology · filed Jun 30, 2025 · 1 amendment
$34M
$33M
Felix Technologies Inc.
Miami, FL · Software & Technology · filed Apr 9, 2025
$33M
Optimal Dynamics, Inc.
optimaldynamics.com ↗
New York, NY · Software & Technology · filed Apr 28, 2025
$33M
Rali, Inc.
Salt Lake City, UT · Software & Technology · filed May 20, 2025 · 1 amendment
$33M
Art.sy, Inc.
New York, NY · Software & Technology · filed May 6, 2025
$31M
SJ Medconnect, Inc.
Santa Clara, CA · Software & Technology · filed Jun 23, 2025 · 2 amendments
$31M
Reprieve Cardiovascular, Inc.
Milford, MA · Healthcare · filed Jun 5, 2025
$31M
$30M
Antares Therapeutics, Inc.
antarestherapeutics.com ↗
Boston, MA · Biotech & Pharma · filed May 15, 2025
$30M
$30M
$30M
ReAlta Life Sciences, Inc.
realtalifesciences.com ↗
Norfolk, VA · Biotech & Pharma · filed May 21, 2025
$29M
Farmer's Business Network, Inc.
fbn.com ↗
San Carlos, CA · Software & Technology · filed May 19, 2025
$29M
$29M
Reflect Orbital Inc.
reflectorbital.com ↗
Hawthorne, CA · Software & Technology · filed May 28, 2025
$29M
$28M
Reveal Technology, Inc.
Bozeman, MT · Software & Technology · filed May 21, 2025
$28M
$28M
Delphinus Medical Technologies, Inc.
Novi, MI · Biotech & Pharma · filed Apr 3, 2025 · 2 amendments
$26M
Tosi Snacks SPC
Anaheim, CA · Industrial & Manufacturing · filed Apr 25, 2025 · 2 amendments
$26M
$26M
Epicore Biosystems, Inc.
Cambridge, MA · Biotech & Pharma · filed Apr 7, 2025 · 1 amendment
$26M
Percipient.ai Inc.
percipientai.com ↗
Santa Clara, CA · Software & Technology · filed May 20, 2025 · 3 amendments
$25M
$25M
$25M
ReAlta Life Sciences, Inc.
realtalifesciences.com ↗
Norfolk, VA · Biotech & Pharma · filed May 21, 2025
$25M
$25M
$25M
$25M
$24M
$24M
$24M
$23M
$23M
$23M
Scythe Robotics, Inc.
scytherobotics.com ↗
Longmont, CO · Software & Technology · filed Jun 11, 2025
$23M
Turnstile Software Inc.
San Francisco, CA · Software & Technology · filed Jun 9, 2025
$23M
Labs Companies, Inc.
Beverly Hills, CA · Software & Technology · filed Apr 18, 2025
$22M
OTHRAM, INC.
othram.com ↗
The Woodlands, TX · Software & Technology · filed Jun 12, 2025 · 1 amendment
$22M
$22M
$22M
Tavern, Inc
San Francisco, CA · Software & Technology · filed May 27, 2025
$21M
Shenandoah Therapeutics Inc.
shenandoahtherapeutics.com ↗
South San Francisco, CA · Software & Technology · filed May 15, 2025
$21M
mPower Technology, Inc.
Albuquerque, NM · Software & Technology · filed Apr 28, 2025
$21M
$21M
Diamond Standard Inc.
diamondstandard.io ↗
New York, NY · Industrial & Manufacturing · filed Jun 5, 2025
$20M
OneSkin, Inc.
San Francisco, CA · Biotech & Pharma · filed Jun 12, 2025
$20M
$20M
Cornelis Networks, Inc.
cornelis.com ↗
Wayne, PA · Software & Technology · filed Apr 29, 2025 · 1 amendment
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 →