How the Raise Scoreboard works
Every week, US companies and funds file a Form D with the SEC within 15 days of first selling securities in a private (exempt) offering. This site ranks those filings like a sports league: who raised the most, which sectors and states are winning, and who is new.
What counts as a new raise
- A new Form D notice (amendments update a company's box score but are not ranked again);
- with money already sold (the "total amount sold" on the form);
- whose first sale happened within about a year of the filing (older, continuing offerings are shown on box scores but not ranked);
- that is not part of an acquisition or merger exchange (the form's business-combination box).
Raises are ranked by the amount sold as reported. Weeks run Monday to Sunday by filing date; a week is final once Friday's filings are in. Seasons are calendar years.
Leagues
Form D asks each filer to pick an industry group. Leagues group them: Tech (Other Technology, Computers, Telecommunications), Bio & Health (Biotechnology, Pharmaceuticals, Other Health Care, Hospitals and Physicians, Health Insurance), Energy, Real Estate, Finance, Main Street (retail, restaurants, manufacturing, business services, travel, agriculture), the Open League (filers who chose "Other", which includes many technology startups) and the Fund League (pooled investment funds: venture capital, private equity, hedge and other funds). States are the company's principal place of business; non-US filers are grouped as International. A rookie is a company filing its first Form D ever.
Data and how it is checked
- Source: SEC EDGAR Form D filings (public domain).
- How it gets here: the weio-ops/sec-form-d dataset (CC BY 4.0), rebuilt weekly from the SEC's quarterly Form D data sets and each filing's XML. Its checksum is verified on every download. Current copy: as of 2026-10-25.
- Cross-check: a second, independent copy, XOOMAR/sec-form-d-offerings (updated daily), is compared filing by filing. Since 2025-01-01 the two agree on 100.00% of 107,118 overlapping filings (amount sold, offering amount, state, industry and filer ID). A rebuild is refused if agreement falls below 99.5%. Filings seen in only one copy so far are marked provisional.
- Direct from EDGAR: off (no EDGAR_CONTACT_EMAIL). EDGAR's fair-access policy requires automated clients to identify themselves with a contact email, so direct pulls switch on only when the operator provides one.
- Coverage: 164,233 filings since January 2024, complete through 2026-10-23. Rebuilt every day.
Downloads: this week's raises (JSON) · source and cross-check report. Each box score links to the original filing on sec.gov.
What Form D does not tell you
- Not every raise files a Form D, and some file late; a missing company is not proof of anything.
- "Amount sold" can include debt, convertible notes, SAFEs, options and warrants, not just priced equity, and is cumulative for the offering.
- The filer chooses its industry group, so leagues are only as precise as those choices.
- A Form D is a notice, not an announcement or a valuation, and it is not an offer to sell securities.
Form D is a notice of an exempt securities offering filed with the SEC. It is not an offer to sell or a solicitation to buy securities, and this site is not investment advice. Amounts are as reported by issuers and may include debt, convertible notes, options or securities issued in an acquisition.
Privacy, corrections and embeds
No personal data is published: Form D lists executives and directors, and this site leaves them out. There are no cookies; page views are counted without cookies only if the operator enables it, and never when your browser sends Do Not Track or Global Privacy Control.
Spotted something wrong? Open a public correction with the filing link. The weekly leaderboard and each league can be embedded on any site: the code is at the bottom of those pages.