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

Weekly recap

Biggest private raises: Week 10, 2025 (Mar 3–9)

213 companies reported $1.52B in new private raises on Form D in Week 10, 2025 (Mar 3–9). The biggest was Olipop Inc., $188M in the Open League from California. Koch, Inc. ($184M) and CRP Giving 2024 LLC ($98M) rounded out the top three. The Open League led all leagues with $689M across 56 raises. California topped the state standings with $396M. That is down 21% versus the week before ($1.93B). 127 of the 213 were first-time Form D filers, led by CRP Giving 2024 LLC ($98M). In the Fund League, 197 funds reported $5.13B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Olipop Inc.OpenCA$188M$188MMar 3
2Koch, Inc.OpenKS$184M$184MMar 5
3CRP Giving 2024 LLC rookieOpenCA$98M$100MMar 5
4Impulse Dynamics plcBio & HealthIntl$84.1M$140MMar 6
5Altisource Portfolio Solutions S.A.Real EstateIntl$72.8M$72.8MMar 6
6Acorn Sim Investor Holdings, LLC rookieOpenOK$38.6M$38.6MMar 7
7Gt Medical Technologies, Inc.Bio & HealthAZ$37.1M$43.5MMar 3
8Conduit Technology, Inc.FinanceMA$35.9MindefiniteMar 5
9True Medicine Inc.Bio & HealthTX$32.6M$34MMar 5
10Velocity Portfolio Group IncFinanceNJ$32M$32MMar 3
11Analytics8 Holdings, LLC rookieOpenPA$29.4MindefiniteMar 5
12Via Science, Inc.TechMA$28.4M$28.4MMar 4
13Lehi Spectrum LLC rookieReal EstateUT$28M$28MMar 6
14Definition Opportunity V LLC rookieOpenNY$25.4M$25.4MMar 6
15Sound Agriculture CoMain StreetCA$23.3M$30MMar 7
16Exa Labs Inc. rookieTechCA$20.6M$20.6MMar 4
17Spartan Delta Corp. rookieEnergyIntl$18.1M$18.1MMar 4
18Tsavorite Scalable Intelligence Inc. rookieTechCA$17.9M$50MMar 7
19Chimeron Bio CorpBio & HealthPA$13.7MindefiniteMar 3
20DG Matrix Inc. rookieTechNC$12.8M$20.8MMar 6
21Rise Stone Gate Partners, LLC rookieReal EstateAZ$12.3M$13.6MMar 6
22Definition Opportunity VI LLC rookieOpenNY$11.7M$11.7MMar 3
23KC FLATS HOLDING Co LLC rookieReal EstateFL$11.5M$11.6MMar 7
24PDP Fuquay, LLC rookieReal EstateNC$11M$11MMar 7
25Ccg Property Fund IV LLC rookieReal EstateWA$10.9M$50MMar 6

By league

LeagueRaisedRaises
Open$689M56
Real Estate$266M48
Bio & Health$227M24
Tech$194M58
Finance$89.7M13
Main Street$36.7M8
Energy$22.7M6

By state

StateRaisedRaises
California$396M29
International$203M15
Kansas$187M2
Massachusetts$81M7
New York$80M16
Texas$71.2M20
Pennsylvania$66.1M5
Oklahoma$63.1M6
Arizona$59.3M8
New Jersey$36.2M3
North Carolina$33.3M7
Washington$32M7
Colorado$30.7M12
Florida$30.1M9
Utah$28.7M3

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1CRP Giving 2024 LLC rookieOpenCA$98M$100MMar 5
2Acorn Sim Investor Holdings, LLC rookieOpenOK$38.6M$38.6MMar 7
3Analytics8 Holdings, LLC rookieOpenPA$29.4MindefiniteMar 5
4Lehi Spectrum LLC rookieReal EstateUT$28M$28MMar 6
5Definition Opportunity V LLC rookieOpenNY$25.4M$25.4MMar 6
6Exa Labs Inc. rookieTechCA$20.6M$20.6MMar 4
7Spartan Delta Corp. rookieEnergyIntl$18.1M$18.1MMar 4
8Tsavorite Scalable Intelligence Inc. rookieTechCA$17.9M$50MMar 7
9DG Matrix Inc. rookieTechNC$12.8M$20.8MMar 6
10Rise Stone Gate Partners, LLC rookieReal EstateAZ$12.3M$13.6MMar 6

Fund League

$5.13B across 197 funds.

#CompanyStateRaisedRaisingFiled
1Gallatin Point Capital Partners III Parallel-A, L.P. rookieCT$675MindefiniteMar 5
2Gallatin Point Capital Partners III Parallel-B, L.P. rookieCT$675MindefiniteMar 5
3Gallatin Point Capital Partners III, L.P. rookieCT$675MindefiniteMar 5
49823 BlueSand Fund, Ltd. rookieTX$610MindefiniteMar 6
5Strategic U.S. Equity Extended Fund, L.P.VA$567MindefiniteMar 4
6Andiron Financing, LLCNY$360M$360MMar 6
7HGI Multifamily Equity Fund, LP rookieVA$170M$300MMar 5
8Moore Specialty Credit Fund III, LP rookieNY$101M$500MMar 4
9PEG Insurance Dedicated Fund 2023-II Series Interests of the SALI Multi-Series Fund, L.P. rookieTX$96.9MindefiniteMar 3
10SilverStone Sequel, L.P. rookieCA$91.9M$91.9MMar 3
All 213 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26KB Shepherd, DST rookieReal EstateNV$10.8M$46.5MMar 4
27Quaint Oak Bancorp, Inc.FinancePA$10M$10MMar 4
28Sea Court GP, LLC rookieOpenNY$10M$10MMar 4
29Daily Grabs Inc.OpenIntl$10M$10MMar 5
30Oregon Venture Fund 2025, LLC rookieOpenOR$9.6MindefiniteMar 3
313939 Everhard Road Associates, LLC rookieReal EstatePA$8.8M$8.8MMar 6
32Iron Bluffs Capital, LLC rookieReal EstateOK$8.4M$12.1MMar 7
33Innovas, Inc. rookieOpenOR$8.3M$8.3MMar 7
34Old Town Village LLC rookieReal EstateWA$8.1M$12.5MMar 7
35Farmwise Labs, Inc.TechCA$8M$10MMar 7
36Elevate CDB, Inc.TechDE$8M$8MMar 5
37Earlens CorpBio & HealthCA$8M$10MMar 3
38HR Bench, Inc. rookieOpenMA$7.7M$9.7MMar 6
39Kc Flats Class B LLC rookieReal EstateFL$7.7M$7.8MMar 7
40Vertical Horizons Power Innovations Inc. rookieTechMA$7.4M$7.7MMar 4
41BookVitals, Inc. rookieTechIntl$7M$8MMar 5
42Montgomery 28.32 Acres Holdco, LLC rookieReal EstateFL$7M$20MMar 3
43Active Design Advisors, Inc. rookieTechNY$6.8M$8.3MMar 7
44Ag QSR II LLCMain StreetNE$6.5M$6.5MMar 7
45BVCAP Mercantile Investors LLC rookieReal EstateTX$6.4M$14.9MMar 6
46MB Holdings 2025, Inc. rookieBio & HealthTX$6.2M$6.2MMar 4
47Restora Medical, Inc.Bio & HealthCA$6M$12MMar 6
48Poodle AI Corp. rookieTechWA$6M$6.4MMar 4
49Penta Parent Holdings, LPOpenTX$5.8MindefiniteMar 3
50Ocudyne, Inc.Bio & HealthMN$5.7M$12.1MMar 6
51Tractor Beverages, Inc.OpenCO$5.5M$5.5MMar 7
524016 76 Funding L.P. rookieReal EstateNY$5.3M$5.3MMar 5
53Tractor Beverages, Inc.OpenCO$5.1M$5.1MMar 7
54BroadOak Biolog, LLC rookieOpenMD$5M$5MMar 4
55Business Oregon Venture Fund, LLC rookieOpenOR$5MindefiniteMar 3
56Conifer Holdings, Inc.FinanceMI$5M$5MMar 7
57Heat Safety Solutions, LLC Series 1 rookieTechOK$5M$5MMar 7
58Heat Safety Solutions, LLC Series 2 rookieTechOK$5M$5MMar 7
59Heat Safety Solutions, LLC Series 3 rookieTechOK$5M$5MMar 7
60Zucara Therapeutics Inc. rookieBio & HealthIntl$5M$5MMar 6
61Living Ink Technologies, Inc. rookieTechCO$4.9M$5.8MMar 7
62Waverly on the Lake GP, LLC rookieReal EstateOH$4.9M$4.9MMar 5
6330 S. Pearl - 20 S. Washington, LLC rookieReal EstateCO$4.7M$6.5MMar 6
64SPC Stone Gate LLC rookieReal EstateMN$4.6M$4.6MMar 7
65Digital Offshore AI Inc. rookieOpenCT$4.5M$4.5MMar 4
66Tractor Beverages, Inc.OpenCO$4.5M$4.5MMar 7
67Noble Gas Systems Inc.Main StreetMI$4.2M$8.4MMar 6
68SciSparc Ltd.Bio & HealthIntl$4.2M$4.2MMar 3
69Atlantic Pool Holdings, LLC rookieOpenNY$4.2M$5MMar 6
70Queen Anne ALC LLC rookieReal EstateWA$4.1M$4.1MMar 4
71MAIA Biotechnology, Inc.Bio & HealthIL$4.1M$5.9MMar 4
72Responsible Real Estate Investment, LLC rookieReal EstatePA$4.1M$4.6MMar 5
73BioLite, Inc.OpenNY$4M$6MMar 3
74JVEC Preston Trail Office, LLC rookieReal EstateTX$4M$4.4MMar 5
75Aris Fund I L.P. rookieTechCA$3.8M$15MMar 3
76Fluree, PBCTechNC$3.8M$6MMar 7
77TwinKnowledge Inc rookieTechNY$3.7M$3.7MMar 6
78BinIt Inc.TechNY$3.6M$4MMar 3
79CND Life Sciences, Inc.Bio & HealthAZ$3.5M$7.5MMar 6
80NRX Pharmaceuticals, Inc.Bio & HealthDE$3.5M$3.5MMar 7
81SplxAI Inc. rookieTechDE$3.4M$3.5MMar 7
82Claris Biotherapeutics, Inc.Bio & HealthNJ$3.3M$3.3MMar 7
83Legacy EV, LLCEnergyAZ$3.2M$3.7MMar 7
84iOncologi, Inc. rookieBio & HealthFL$3M$3MMar 5
85Sweetwater Phoenix Investments, LLC rookieReal EstateTX$3M$3MMar 7
86For Them, Inc.TechDE$2.9M$3.9MMar 3
87Hartley & Tall Pines Realty, LLC rookieReal EstateME$2.8M$2.8MMar 7
88MS2 Inc. rookieTechCO$2.7M$3.4MMar 4
89Koch Holdings, LLCOpenKS$2.6M$2.6MMar 5
90Pay with Spire Inc.OpenTX$2.5M$5MMar 7
91PCIH Series 16 a series of Piedmont Capital Investment Holdings, LLC rookieFinanceNC$2.4M$4.4MMar 7
92Acretrader 255, LLC rookieReal EstateAR$2.3M$2.3MMar 6
93BF Member LLCFinanceWA$2.3MindefiniteMar 3
94Pedago Holdings, Inc.TechDC$2.2M$2.2MMar 4
952021 Gallatin Pike LLC rookieReal EstateTX$2.1M$2.8MMar 5
964L Data Intelligence, Inc.TechCA$2MindefiniteMar 5
97Bedrock Servicing, Inc. rookieOpenCA$2M$2.5MMar 7
98Sauna Party LLCOpenNC$2M$4MMar 3
99Strategic Storage Trust X rookieReal EstateCA$2M$650MMar 6
100Nautilus Data Technologies, Inc.TechCA$2M$4.2MMar 5
101Lite Run, Inc.Bio & HealthMN$2M$2MMar 6
102Praxis Solutions, Inc.TechCA$1.8M$5MMar 4
103Coastal Capital Lending LLCReal EstateAZ$1.8M$5MMar 5
104Quantic Holdings, Inc.TechDC$1.8M$1.8MMar 4
105Carriage Ventures Holdings LLC rookieReal EstateNY$1.6M$2MMar 7
106West End Clueless LLC rookieOpenNY$1.6MindefiniteMar 4
107CypherFace Technologies, Inc. rookieTechGA$1.5M$1.5MMar 7
108Series 38-1, a series of StartEngine Private LLC rookieOpenCA$1.4M$3.6MMar 3
1091200 Industrial Blvd Partners LLC rookieReal EstateTX$1.4M$1.5MMar 7
110Practivated, Inc. rookieTechCA$1.4M$1.5MMar 7
111Fp P14 LLC rookieReal EstateTX$1.3M$2MMar 3
112Springdale-Gonzales Development, LLC rookieReal EstateTX$1.3M$4.8MMar 6
113GT Biopharma, Inc.Bio & HealthCA$1.3M$1.3MMar 7
1142840 N. Whipple LLC rookieReal EstateIL$1.3M$1.3MMar 4
115Hds Laguna Ridge, LLC rookieReal EstateCA$1.2M$7MMar 4
1164L Data Intelligence, Inc.TechCA$1.2MindefiniteMar 5
117RWC Winners Circle LLC rookieReal EstateNY$1.2M$3.5MMar 7
118Blue Collar Hospitality LLC rookieMain StreetCA$1.2M$3MMar 7
119Soteria Battery Innovation Group Inc.TechSC$1.2M$5MMar 7
120Urgent.ly Inc.OpenVA$1.1M$1.1MMar 6
121DCFC Holdings, LLC rookieOpenMI$1.1M$10MMar 7
122Qualis Employee Investment Vehicle I, LLC rookieOpenVA$1.1M$1.1MMar 6
123Criterion Kickapoo, LLC rookieReal EstateOK$1.1M$1.1MMar 3
124NanoMosaic Inc.Bio & HealthMA$1M$4MMar 4
125Trinity Nuclein Series C QP Investors LLC rookieTechTX$1M$15MMar 3
126MakuSafe Corp.TechIA$1M$1.7MMar 3
127Applied Atomics, Inc rookieEnergyAK$1M$2MMar 6
128JVEC Lemons Road Industrial, LLC rookieReal EstateTX$1M$1.2MMar 5
129KBS ARC Investment LLC rookieOpenCO$992K$992KMar 6
130Salt Athletic, Inc.OpenCO$982K$1.2MMar 4
131OrbitalRx, Inc.TechNC$959K$1.2MMar 5
132Impulse Medical, Inc. rookieBio & HealthCA$950K$3MMar 6
133Vigor Dispensary LLC rookieOpenNJ$925K$925KMar 3
134Reticulate Micro, Inc.TechMO$800K$3MMar 6
135Reticulate Micro, Inc.TechMO$800K$3MMar 6
136V4Kauffman Fund LP rookieReal EstateTX$800K$3.2MMar 4
137Intermap Technologies CorpTechCO$784K$784KMar 7
138Fluid Dynamics Plumbing, Inc. rookieOpenCA$750K$750KMar 5
139La Forza Capital, LLC rookieFinanceCA$725KindefiniteMar 7
140Fabels Hospitality East, LLC rookieOpenCA$700K$10MMar 5
141FT Real Estate Fund LP rookieOpenAZ$620K$650KMar 7
142Malum, Inc.TechIA$600K$600KMar 5
143StimuSIL, Inc.Bio & HealthDE$600K$600KMar 7
144Bacon Work, Inc.Main StreetUT$594K$2MMar 5
145Suitable, Inc. rookieMain StreetCA$590K$590KMar 3
146Gaingels Cortex 2025 LLC rookieOpenVT$577K$577KMar 3
147ECM Fund 58 LLC rookieReal EstateAZ$560K$1MMar 7
148Peoples Bancorp /IA/FinanceIA$552K$552KMar 3
149Pedago Holdings, Inc.TechDC$529K$529KMar 4
150Rise Select Opportunities 13 LLC rookieReal EstateMN$525KindefiniteMar 5
151Rise Select Opportunities 13 LLCReal EstateMN$525KindefiniteMar 7
152Consio AI, Inc. rookieTechDE$520K$1.5MMar 6
153Real Established Inc.OpenCA$518K$4MMar 5
154BR Diversified Industrial Portfolio V, DST rookieReal EstateNY$507K$36.7MMar 5
155Dagobah Systems IncTechDE$500K$5MMar 7
156Neighbors Technology, INC. rookieTechFL$500K$800KMar 6
157Reticulate Micro, Inc.TechMO$500K$3MMar 3
158SLAM BioTherapeutics, Inc.Bio & HealthCA$500K$10MMar 3
159Wytec International IncTechTX$479K$1MMar 6
160Ballard 926 LLC rookieReal EstateWA$472K$472KMar 6
161Cloud3 Ventures Inc.TechIntl$463K$463KMar 6
162Quantic Holdings, Inc.TechDC$428K$428KMar 4
163One Intelligence Holdings Inc. rookieTechNC$400K$1MMar 3
164Franchise Now, Inc. rookieOpenTX$379K$712KMar 6
165Valshares Management LLC rookieFinanceMA$350K$1MMar 6
166Working World, Inc.OpenNY$350K$50MMar 4
167Livsee, Inc. rookieTechMI$335K$650KMar 7
168Cosa Resources Corp.OpenIntl$314K$565KMar 3
169FreeSpace Photonics, Inc. rookieTechWI$302K$302KMar 6
170Pre Smtx Ci, LLC rookieReal EstateTX$300K$5MMar 7
171Stealth Capital LLC rookieOpenMI$300K$300KMar 5
172ZenSupplies, Inc. rookieOpenTX$276K$276KMar 7
173South Sky Capital Equity Fund, DST rookieReal EstateTN$268KindefiniteMar 4
174Helios Solar Partners X, LLC rookieFinanceCO$250K$250KMar 3
175Rare Earth Technologies Inc.TechOH$250K$500KMar 3
176Receivabull Inc. rookieTechDE$250K$250KMar 5
177Send It, LLC rookieMain StreetCO$250K$750KMar 4
178Monroe BDG III, LLC rookieReal EstateIN$228K$361KMar 6
179Schema Dat II, a series of Wefunds LLC rookieOpenNV$224K$2MMar 5
180Wildcard Stat Trade Inc. rookieOpenAZ$203K$560KMar 6
181Nh Legal Care Trust rookieFinanceFL$192KindefiniteMar 4
182Hew-Tex/Bakken Mountrail Joint Venture rookieEnergyTX$187K$2.6MMar 5
183Borealis Mining Co Ltd (BC) rookieOpenIntl$156K$274KMar 6
1844Leaf Services Inc. rookieOpenUT$150K$1.5MMar 4
185ClearingBid, Inc.TechCT$150K$1MMar 4
186Native Cardio, Inc.Bio & HealthFL$150K$1MMar 5
187Pipeline Integrity Group International Inc. rookieEnergyIntl$150K$15MMar 7
188Raek Data LLCTechWA$150K$500KMar 3
189Arway Corp rookieOpenIntl$147K$147KMar 5
190Schema Dat I, a series of Wefunds LLC rookieOpenNV$146K$1.3MMar 5
191Electric Royalties Ltd.OpenIntl$144K$2.3MMar 3
192Miso Robotics, Inc.TechCA$137K$1.5MMar 6
193Ows Cf C, LLC rookieReal EstateNY$125K$125KMar 6
194Tbh REIT, LLC rookieReal EstateCO$107K$125KMar 4
195Goldhaven Resources Corp. rookieEnergyIntl$100K$100KMar 4
196Duett, LLCTechMS$100K$300KMar 3
197Fruit Street Health, P.B.C.Bio & HealthTX$100K$250KMar 7
198Ritchie Plaza, LLC rookieReal EstateMD$100K$2.2MMar 6
199Foxo Technologies Inc.OpenMN$99K$99KMar 7
200Veterinarian Electronic Assistant, Inc. rookieTechVA$90K$1MMar 6
201UMS Boca Raton URS Lithotripsy, LLC rookieBio & HealthMA$86K$258KMar 5
202Foxo Technologies Inc.OpenMN$55K$55KMar 3
203Neighbors Technology, INC. rookieTechFL$55K$800KMar 6
204CrunchAtlas, Inc.TechNH$30K$30KMar 3
205Drty Blue LLC rookieOpenCA$25K$120KMar 5
206RideSmith Fund, LLC rookieTechMI$25K$100KMar 4
207Industry Private Capital LLC rookieFinanceFL$21K$5MMar 4
208JuiceBox LLC rookieMain StreetDE$20KindefiniteMar 7
209Yellow Hammer Title Company, LLCFinanceAL$10K$25KMar 3
210Gaingels Frost Giant LLCOpenVT$9K$9KMar 7
211Hillcrest Energy Technologies Ltd.OpenIntl$8K$8KMar 7
212Calico Development IM II, LP rookieReal EstateMS$6K$300KMar 6
213Vetted Enterprises Inc. rookieOpenNY$5K$200KMar 5