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 14, 2025 (Mar 31 – Apr 6)

203 companies reported $2.09B in new private raises on Form D in Week 14, 2025 (Mar 31 – Apr 6). The biggest was Econic Partners LLC, $438M in the Open League from California. Cognito Therapeutics Group, Inc. ($196M) and 1924345 Ontario Inc. ($125M) rounded out the top three. The Open League led all leagues with $768M across 54 raises. California topped the state standings with $797M. That is up 85% versus the week before ($1.13B). 103 of the 203 were first-time Form D filers, led by Econic Partners LLC ($438M). In the Fund League, 117 funds reported $7.03B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Econic Partners LLC rookieOpenCA$438M$438MMar 31
2Cognito Therapeutics Group, Inc. rookieBio & HealthMA$196M$196MApr 1
31924345 Ontario Inc. rookieMain StreetIntl$125M$125MApr 3
4Supira Medical, Inc.Bio & HealthCA$120M$120MApr 3
5Black Agenda Now rookieTechNV$110M$110MApr 1
6One Amazon USA Inc. rookieOpenFL$105MindefiniteMar 31
7Neurona Therapeutics, IncBio & HealthCA$102M$102MApr 4
8Bae Systems PLC /fi/OpenIntl$85M$85MApr 4
9Hidden Level, IncTechNY$66.5M$66.5MApr 1
10Imbria Pharmaceuticals, Inc.Bio & HealthMA$59.2M$124MApr 1
11Click Therapeutics, Inc.Bio & HealthNY$48.6M$48.6MApr 1
12Porter Cares, Inc.Bio & HealthMD$35M$40MApr 4
13SafetyKit, Inc. rookieTechCA$27M$27MApr 4
14Nixie Sparkling Water, Inc.OpenMA$27M$27MMar 31
15Marathon Capital, LLCFinanceIL$20.3M$20.3MApr 3
16Alto Experience Inc.TechTX$20M$20MMar 31
17Source Global, PBCOpenAZ$19.3M$75MApr 3
18Wonder Project Content Fund, LLC rookieOpenCA$16.1M$16.1MMar 31
19HFS Richardson Office, LP rookieReal EstateTX$13.6M$13.6MApr 1
20Panorama Artificial Intelligence Corp.TechWA$13M$13MApr 2
21Simplex Employee Holding Co II, LLCFinanceIL$11.4MindefiniteApr 3
22Bariendo Inc. rookieBio & HealthCA$11.1M$11.1MApr 3
23Optain Health, Inc.TechNY$11M$28.4MApr 2
24Timberland Peoria, LLC rookieReal EstateMN$10.4M$11MApr 4
25SkySpecs, Inc.TechMI$10.4M$20.4MMar 31

By league

LeagueRaisedRaises
Open$768M54
Bio & Health$642M33
Tech$344M51
Main Street$147M8
Real Estate$110M39
Finance$74.8M17
Energy$427K1

By state

StateRaisedRaises
California$797M30
Massachusetts$305M10
International$219M13
New York$170M18
Florida$143M14
Nevada$114M4
Texas$72.6M20
Illinois$41M8
Maryland$37.5M5
Arizona$23.5M4
Minnesota$20.2M6
Pennsylvania$19.4M8
Washington$17.1M5
North Carolina$15.6M6
Michigan$10.4M1

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Econic Partners LLC rookieOpenCA$438M$438MMar 31
2Cognito Therapeutics Group, Inc. rookieBio & HealthMA$196M$196MApr 1
31924345 Ontario Inc. rookieMain StreetIntl$125M$125MApr 3
4Black Agenda Now rookieTechNV$110M$110MApr 1
5One Amazon USA Inc. rookieOpenFL$105MindefiniteMar 31
6SafetyKit, Inc. rookieTechCA$27M$27MApr 4
7Wonder Project Content Fund, LLC rookieOpenCA$16.1M$16.1MMar 31
8HFS Richardson Office, LP rookieReal EstateTX$13.6M$13.6MApr 1
9Bariendo Inc. rookieBio & HealthCA$11.1M$11.1MApr 3
10Timberland Peoria, LLC rookieReal EstateMN$10.4M$11MApr 4

Fund League

$7.03B across 117 funds.

#CompanyStateRaisedRaisingFiled
1SLPE Feeder, L.P. rookieCA$1.67BindefiniteApr 4
2Silver Lake Private Equity, L.P. rookieCA$1.67BindefiniteApr 4
3GS Australia Student Venture I Trust rookieIntl$624M$624MApr 1
4GS Tropics Trust rookieIntl$542M$542MApr 1
5RCP SOF V Cayman Feeder, LP rookieIL$533M$1BApr 2
6Rcp Secondary Opportunity Fund V LP rookieIL$533M$1BApr 2
7Construct Capital III, L.P. rookieDC$300M$300MMar 31
81824 Private Credit Fund, L.P. rookieNJ$200M$200MMar 31
9Schroders Capital Private Equity Continuation Opportunities III USD S.C.S. rookieIntl$161M$750MApr 3
10KKR North America Buyout Access Fund XIV, L.P. rookieNY$101M$101MApr 4
All 203 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26Anthropocene V, LLC rookieOpenCA$10M$10MApr 1
27Iridex Corp rookieBio & HealthCA$10M$20MApr 3
28Lungpacer Medical, Inc.Bio & HealthPA$10M$10MApr 1
29Glimpse Engineering, Inc.TechMA$10M$10MApr 4
30Gruns Nutrition, Inc.OpenOR$10M$10MApr 4
31Maison Solutions Inc. rookieMain StreetCA$9.5M$9.5MMar 31
32WP Pine Island OZ Investors LP rookieReal EstateFL$9.1MindefiniteApr 1
33HC Jones, Inc.Bio & HealthNY$9M$10.3MApr 2
34Ecolibrium, Inc.TechNY$8.9M$8.9MApr 1
35Ocean Park Ventures V, LLCReal EstateCA$8.8M$8.8MApr 1
36RL Investment Group LLCFinanceFL$8.4M$8.4MApr 1
37LogRock Inc.FinanceNC$8M$8MApr 2
38Oak View Bankshares, Inc.FinanceVA$7.8M$7.8MApr 3
39Prattville Hotel Investment Group, LLC rookieReal EstateFL$7.1M$7.1MApr 4
40Supergut Capital Partners I, LLC rookieMain StreetTX$7M$7MApr 4
41Sunsets HQ Corp. rookieOpenNY$6.4M$6.4MApr 4
42Love Corn USA, Inc.OpenNJ$6.3M$8.1MMar 31
43Gtown PW Holdings, LLC rookieReal EstateCO$6.1M$6.1MApr 4
44Voyager Biomedical, Inc.Bio & HealthTX$5.8M$9.8MApr 4
45ImmuneBridge Inc.Bio & HealthCA$5.6M$7.1MApr 2
46Simsalasim Inc. rookieTechNY$5.6MindefiniteApr 1
47Virtual Incision CorpBio & HealthNE$5.5M$25MApr 3
48Ai-coustics Inc.TechCA$5.1M$5.5MApr 2
49Nighthawk Waverly, LLC rookieReal EstateNC$5.1M$5.1MApr 2
50Command Zero Inc.TechTX$5M$5MApr 1
51With Woz, Inc. rookieTechCA$4.8M$4.8MApr 2
5283Bar, Inc.Bio & HealthTX$4.6M$9.5MApr 2
53Gratitude Ventures Fund II, LP rookieFinanceUT$4.6M$15MApr 2
54Cloudastructure, Inc.TechCA$4.5M$40MApr 2
55Heritage Hill Apartments CRG LLC rookieReal EstateTX$4.3M$8.3MApr 1
56Abascal 57 Investors LLC rookieReal EstateFL$4.2M$5.2MApr 4
57AVA Holding Company, LLCReal EstateMN$4.1M$10MMar 31
58Infineo Global, LP rookieOpenIntl$4M$5MMar 31
59Volur, Inc.TechCA$4M$4.9MMar 31
60Incentivio, IncTechMA$3.9M$5MApr 3
61Forterra 2A, LLC rookieReal EstatePA$3.8M$12.3MApr 1
62HRE Tri State Investors, LLC rookieOpenMN$3.8M$3.8MApr 2
63Selina Kyle, LLC rookieReal EstateCA$3.7M$3.7MApr 4
64Graici Inc. rookieOpenOH$3.5M$9.5MApr 2
65Dropps, PBC rookieOpenIL$3.5M$3.5MApr 4
66Baseline Forum LLC rookieReal EstateAZ$3.4M$3.4MApr 3
67Arthaus IV LLC rookieReal EstateNV$3.2M$3.8MApr 3
68Cari Rewards Corp. rookieFinanceNY$3.1M$4MApr 4
69PanTher Therapeutics, Inc.Bio & HealthTX$3M$5MApr 3
70PowrLine, Inc. rookieTechGA$3M$3MMar 31
71Armory Technologies, Inc.TechMA$3M$5MApr 4
72Fresh Factory B.C. Ltd.OpenIL$3M$3MApr 4
73Lux Semiconductors, Inc.TechNY$2.9M$2.9MApr 3
74MedRhythms, Inc.TechME$2.9M$8MApr 3
75Hydrocision IncBio & HealthMA$2.5M$3.9MApr 1
76Gsc Ogden LLC rookieOpenCA$2.4M$3MApr 2
77SAVI IQ, Inc. rookieTechUT$2.4M$15MApr 4
78Supergut Capital Partners III, LLC rookieMain StreetTX$2.4M$2.4MApr 4
79Pirouette Pharma Inc.Bio & HealthNH$2.4M$3.5MApr 1
80Pennpak Solutions Inc.Main StreetPA$2.3M$2.5MMar 31
816th STREET, INC.TechMD$2.2M$3MApr 2
82Seattle Funding Group, Ltd.OpenWA$2.2M$2.2MApr 4
83World Copper Ltd.OpenIntl$2.2M$2.2MApr 3
84Trading Circle, Inc. rookieFinanceCA$2.1MindefiniteApr 2
85FCCM Red Hook HoldCo, LP rookieFinanceCT$2.1M$2.1MApr 4
86Greenlab, Inc.TechAR$1.9M$3.1MApr 2
87Emerald Sugar Sands Apartments LLC rookieReal EstateFL$1.8M$1.8MMar 31
88Oakwood IWC HPI LLC rookieReal EstateMN$1.8M$1.8MApr 3
89Fresenius Medical Care Vintage Park, LLC rookieBio & HealthMA$1.8M$1.8MApr 2
90Ciba Health, Inc.Bio & HealthNY$1.8M$5MApr 2
91Easl Tech Inc.TechPA$1.7M$3MMar 31
92MACP Grandview Member, LLCReal EstateFL$1.7M$2.7MApr 2
93Formulary Financial, Inc. rookieTechCT$1.7M$3.8MApr 4
94Burl Concepts, Inc.Bio & HealthCA$1.6M$2MApr 3
95KingsRock Advisors, LLC rookieFinanceNY$1.6M$10MApr 2
96FCA Tulsa GP Investor, LLC rookieReal EstateCA$1.6M$1.6MMar 31
97BLX Lot 25 Fund LLC rookieReal EstateNY$1.6M$76.8MApr 1
98ThinkMD Holdings, Inc. rookieTechVT$1.6M$1.8MApr 4
99PE Brazos Point Feeder LLC rookieReal EstateKS$1.5M$1.5MMar 31
100Gaingels Stoke Space 2025 LLC rookieOpenVT$1.5M$1.5MApr 4
101Slingshot Artificial Intelligence LLC rookieTechCA$1.5M$1.5MApr 3
102Prana Thoracic, Inc.Bio & HealthTX$1.5M$2MApr 2
103Foresee Medical, Inc.Bio & HealthCA$1.5M$1.7MApr 4
1041080 Network, Inc.TechTX$1.5M$6MApr 4
105Georgia Banking Co IncFinanceGA$1.5M$1.5MApr 1
1062139 W Lunt LLC rookieReal EstateIL$1.4M$1.4MApr 3
107Pines at Woodcreek Investor LLCReal EstateNY$1.4M$10MApr 1
108Pines Gurr LLC rookieReal EstateAR$1.4M$5MApr 1
109Automato AI Inc. rookieOpenFL$1.4M$1.9MMar 31
110Cleburne Holdings LLC rookieReal EstateFL$1.4M$1.5MApr 3
111Premium Resources Ltd.OpenIntl$1.3M$30.8MApr 1
112Avant at Big Star, LLC rookieReal EstateTX$1.3M$3.5MApr 3
113Funl Events, Inc. rookieOpenNE$1.3M$2.5MApr 2
114Amaros, Inc.Bio & HealthCA$1.3M$3.2MApr 2
115Alto Capital Hl Paf SPV A Series Of Master Fund I LLC rookieOpenTN$1.3M$1.3MApr 2
116ESG 1002 Route 12, LLC rookieReal EstateCT$1.2M$1.2MApr 3
117Seattle Funding Group, Ltd.OpenWA$1.2M$1.2MApr 3
118EQL Games Inc.TechKY$1.1M$1.1MApr 2
119Huma.AI, Inc.TechNC$1M$1.8MApr 3
1201305 W Morse LLC rookieReal EstateIL$1M$1MApr 3
121Culturello Partners SPV-1 LLC rookieOpenTX$1M$15MMar 31
122Leerink Aggregator LPFinanceMA$1M$1MMar 31
123Neuralift Inc.TechNJ$1000K$1000KMar 31
124SAVA Capital Inc.FinanceFL$925K$925KApr 1
125Respeecher, Inc.TechCA$921K$2MApr 1
126GridVisibility, inc. rookieOpenCO$900K$2.5MApr 2
127Series 4-1, a series of StartEngine Private Funds LLC rookieOpenCA$890K$2.5MMar 31
128Charleston FC PickleRage Holding LLC rookieMain StreetFL$850K$1.4MApr 3
129American Whiskey Funds LLC rookieOpenCA$800K$800KApr 4
130Zeta Sigma Mortgage Group LLC rookieReal EstateNY$775K$775KApr 4
131Honeycomb Credit Inc.OpenPA$763K$3MApr 4
132QMB, Inc. rookieTechMA$750K$2MMar 31
133LabVoice Inc.Bio & HealthNC$700K$1MApr 1
134Blackburne & Sons Realty Capital CorpReal EstateCA$700K$700KApr 4
135Mountain Beverage LLC rookieOpenNC$700K$700KApr 1
136BD Ventures III A LLC rookieFinanceCT$650K$650KMar 31
137Bocce House of Pittsburgh, LLC rookieOpenPA$625K$625KMar 31
138Quartz Mountain Resources Ltd rookieOpenIntl$615K$1MApr 1
139Series 35-1, a series of StartEngine Private LLC rookieOpenCA$607K$750KMar 31
140Hoplon Equity Partners, LLC rookieOpenWY$600K$600KApr 4
141New Wembley, LLC rookieOpenOH$575K$1.2MMar 31
142SP-ATL Project, LLC rookieOpenGA$550K$3.7MApr 1
143Pacaso Growth IV LLC rookieOpenOH$537K$15MApr 1
144Lydiard Holdings, LLC rookieFinanceCO$525K$525KApr 4
145Specialty Insurance Marketing Services, LLCFinanceKY$520K$3MApr 3
146CellarTracker! LLCTechWA$512K$6MApr 2
147Aeropost Holding CorpOpenFL$500K$5MApr 3
148Fraud Protection Network, Inc.TechFL$500K$500KMar 31
149Nurocor IncTechTX$500K$500KApr 2
150HFO Sun Theory SPV, LLC rookieOpenAZ$450K$7.5MApr 4
151D4 Equity Mobile - Grandview LLC rookieReal EstateCO$433K$433KApr 2
152Pulsar Helium Inc.EnergyIntl$427K$427KApr 1
153Slipstream Solutions LLCBio & HealthTX$410K$2MMar 31
154Fitzroy Minerals Inc.OpenIntl$403K$739KApr 3
155Blackburne & Sons Realty Capital CorpReal EstateCA$400K$400KApr 4
156Mississippi Ave Aurora LLCReal EstateTX$400K$20MApr 4
157Inseer Inc.OpenIA$380K$1.2MApr 3
158LP Vertical, LLC rookieReal EstateCO$375K$9MApr 3
159Toy Shack Bullhead, LP rookieReal EstateAZ$350K$3MApr 1
160Ordaos, Inc.Bio & HealthNY$338K$2MApr 1
161Amptiv Biosciences, Inc.Bio & HealthOH$300K$1.4MApr 4
162MPS Platform Services Inc. rookieTechFL$300KindefiniteApr 2
163Lucid Insurance Group, LLCFinanceNE$295K$500KApr 2
164Vale, Inc. rookieTechIL$270K$500KApr 2
165Kirkwall Defense Inc.TechDE$260K$260KApr 2
166R11 Holdings LLC rookieReal EstateMD$255K$3.2MApr 4
167Valuation Research CorpMain StreetWI$231K$231KApr 1
168SeatStock, Inc. rookieTechIA$225K$550KApr 3
169Zodiac Gold Inc.OpenIntl$217K$1.2MApr 1
170Donut News, IncOpenTX$200K$200KApr 4
171Gaingels Runway 2025 LLC rookieOpenVT$192K$192KApr 1
172Chronicler Software Corp rookieTechWA$185K$185KApr 3
173Elite 7 Sports Medicine Inc. rookieBio & HealthNV$150K$2.5MApr 3
174Buzzkill Wines LLC rookieOpenNV$128K$128KApr 3
175RetroActv Merch, Inc. rookieOpenCT$125K$250KApr 4
176Gaingels Nova Credit LLC rookieOpenVT$112K$112KApr 4
177Intramotev Series A A Series Of Prochain Ventures LLC rookieOpenMO$107KindefiniteApr 4
178Office Conversion Opportunity Zone, L.L.C. rookieReal EstateIL$106K$28.3MApr 4
1792805 Church St Galveston LLC rookieReal EstateTX$100K$400KApr 3
180Auditocity, Inc.TechAL$100K$875KApr 1
181Founders Market & Co. rookieMain StreetPA$100K$750KMar 31
182Gradient Health, Inc.Bio & HealthNC$100KindefiniteApr 2
183Plaiir Inc. rookieTechNY$97K$500KMar 31
184Raintree Apartments Utah, LLC rookieReal EstateCA$69K$1.5MApr 3
185Ellington Valley Technologies, Inc. rookieTechCT$60K$60KApr 4
186Echo Ltd.OpenIntl$57K$57KApr 4
187Reyna Silver Corp. / BCOpenIntl$52K$134KApr 2
188710 Rigsbee Owner, LLCReal EstateMD$50K$50KApr 4
189OneAM U.S. Inc.OpenNY$50K$1MApr 3
190Light Wave Holding Company, LLCBio & HealthNY$43K$43KApr 4
191Denton Surgery Center, LLCBio & HealthTX$43K$43KMar 31
192Oration Inc.TechDE$40K$40KApr 4
193Stamp Free LtdTechIntl$39K$39KApr 1
194Autoscope Technologies CorpOpenMN$37K$37KApr 3
195Juniper Health Systems, IncBio & HealthMD$25K$1MApr 3
196Vybes App Inc rookieTechNJ$25K$50KMar 31
197Round River Research CorpTechMN$20K$3MApr 2
198Breaker Technologies Inc. rookieTechTX$15K$500KApr 2
199Lipella Pharmaceuticals Inc.Bio & HealthPA$9K$9KApr 1
200Shake Escrow, Inc. rookieTechWI$5K$50KApr 1
201CRYPTOVIS CRYPTO GROUP Ltd rookieOpenCO$1KindefiniteApr 4
202GDCK CRYPTO GROUP Ltd rookieOpenCO$1KindefiniteApr 4
203Infineo Global GP, LLC rookieTechIntl$320$400Mar 31