Raise Scoreboard
Week 43Modal Labs, Inc. $602MFormfactor Inc $300MXona Space Systems Inc. $239MWaveDivision Capital XIX, LLC $163MSend Cut Send, Inc. $140MTCG Opportunity Fund II, LLC $113MCarter Investment Holdings, L.P. $112MTown.com, Inc. $104M

2026 season

Biggest startup raises in South Dakota, 2026

$41M across 13 new raises reported on Form D by companies based in South Dakota this season. Last season: $43.3M across 14.

This week Week 43, 2026 (Oct 19–25)

No new raises reported.

By league

South Dakota raises by leagueEnergy$12.6M · 1Open$7.8M · 2Finance$7.2M · 2Tech$5M · 1Bio & Health$4.2M · 4Real Estate$4M · 3

Weekly totals

South Dakota weekly totals$8M$16MW18: $0W18W19: $12MW20: $0W21: $55KW22: $0W22W23: $400KW24: $0W25: $2MW26: $0W26W27: $0W28: $2MW29: $0W30: $0W30W31: $2MW32: $0W33: $0W34: $0W34W35: $0W36: $500KW37: $16MW38: $0W38W39: $0W40: $0W41: $0W42: $75KW42W43: $0W43

Season leaders top 50

#CompanyLeagueRaisedRaisingFiled
1BlackGold Wealth Fund 26, LP rookieEnergy$12.6M$30MSep 10
2HBS Research Farms, LLCOpen$5.7M$50MMay 5
3Coin Lion, LLC rookieFinance$5M$7MMay 7
4Prismatic Software Inc.Tech$5M$10MJan 20
5Norman Retirement, LLC rookieBio & Health$3.7M$3.7MSep 10
6Foss Fields Development 2, LP rookieReal Estate$2.2M$11MJun 16
7Harbo Capital Credit Income Fund LP rookieOpen$2.2MindefiniteJul 28
8Revolve Partners II, LP rookie provisionalFinance$2.2M$2.2MJul 7
9Renewabuild Great Plains Inc rookieReal Estate$1.3M$5.2MMay 8
10C-Suite Properties SPV 1 LLC rookieReal Estate$500K$25MSep 3
11Countach Medical Corp rookieBio & Health$400K$750KJun 5
12Immuno Cancer Biotherapeutics, Inc. rookieBio & Health$75KindefiniteOct 15
13Datavyne, Inc. rookieBio & Health$55KindefiniteMay 20