Weekly recap

Biggest private raises: Week 4, 2025 (Jan 20–26)

225 companies reported $2.78B in new private raises on Form D in Week 4, 2025 (Jan 20–26). The biggest was Immunovant, Inc., $450M in the Bio & Health League from New York. Canvasback Oil & Gas, LP ($250M) and Discovery Land Consolidated, LLC ($232M) rounded out the top three. The Tech League led all leagues with $844M across 50 raises. New York topped the state standings with $569M. That is down 3% versus the week before ($2.87B). 140 of the 225 were first-time Form D filers, led by Immunovant, Inc. ($450M). In the Fund League, 154 funds reported $5.29B.