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 15, 2025 (Apr 7–13)

187 companies reported $1.97B in new private raises on Form D in Week 15, 2025 (Apr 7–13). The biggest was Mercury Technologies, Inc., $200M in the Tech League from California. Nextnav Inc. ($190M) and SetPoint Medical Corp ($115M) rounded out the top three. The Tech League led all leagues with $972M across 57 raises. California topped the state standings with $824M. That is down 5% versus the week before ($2.09B). 83 of the 187 were first-time Form D filers, led by Housing New England, Fund VI LP ($64.2M). In the Fund League, 159 funds reported $6.47B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Mercury Technologies, Inc.TechCA$200M$200MApr 11
2Nextnav Inc.TechVA$190M$190MApr 7
3SetPoint Medical CorpBio & HealthCA$115M$115MApr 11
4Atsena Therapeutics, Inc.Bio & HealthNC$90M$150MApr 11
5Surrozen, Inc./DEBio & HealthCA$76.4M$175MApr 8
6Housing New England, Fund VI LP rookieFinanceME$64.2M$75MApr 9
7Find Solace, Inc. rookieTechCA$60M$60MApr 11
8ThreatLocker, Inc.TechFL$60M$60MApr 11
9nEye Systems, Inc.TechCA$58M$58MApr 11
10Easy Street Capital, LLC rookieReal EstateTX$56.8M$300MApr 10
11Stitch Money CorpTechIntl$55M$55MApr 8
12Beep, Inc.TechFL$52.7M$57.4MApr 10
13HeartFlow Holding, Inc.Bio & HealthCA$50M$50MApr 11
14Attotude Inc.TechCA$50M$50MApr 10
15Meanwhile Inc rookieFinanceCA$45M$45MApr 10
16Moonvalley AI Inc.TechIntl$43M$43MApr 7
17Felix Technologies Inc.TechFL$33.4M$43.5MApr 9
18Pollen, Inc.TechMO$30.7MindefiniteApr 9
19Innventure, Inc.Main StreetFL$28.9M$50MApr 8
20Layer Health, Inc. rookieBio & HealthMA$26M$26MApr 8
21Local Bounti Corporation/DEMain StreetMT$25M$25MApr 9
22Kognitos, Inc.OpenCA$24.5M$30MApr 8
23Sampark Inc. rookieOpenCA$24.3M$24.5MApr 9
24Econic Partners LLCOpenCA$21.8M$56.2MApr 8
25Econic Professionals US LLC rookieOpenCA$21.8M$56.2MApr 9

By league

LeagueRaisedRaises
Tech$972M57
Bio & Health$416M28
Open$232M51
Real Estate$155M29
Finance$137M12
Main Street$58.9M9
Energy$2.5M1

By state

StateRaisedRaises
California$824M39
Florida$214M14
Virginia$190M1
International$127M15
North Carolina$92.7M3
Maine$76.5M2
Massachusetts$73.3M13
Texas$70.9M9
New York$44.5M11
Illinois$31.6M3
Missouri$31.5M4
Montana$25.1M2
Nevada$16.9M3
Ohio$15.8M4
Washington$15.4M4

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Housing New England, Fund VI LP rookieFinanceME$64.2M$75MApr 9
2Find Solace, Inc. rookieTechCA$60M$60MApr 11
3Easy Street Capital, LLC rookieReal EstateTX$56.8M$300MApr 10
4Meanwhile Inc rookieFinanceCA$45M$45MApr 10
5Layer Health, Inc. rookieBio & HealthMA$26M$26MApr 8
6Sampark Inc. rookieOpenCA$24.3M$24.5MApr 9
7Econic Professionals US LLC rookieOpenCA$21.8M$56.2MApr 9
8ACKWEST Group, Inc. rookieTechFL$17.6M$17.6MApr 10
9US Data & Energy LLC rookieOpenNV$15.2MindefiniteApr 8
10AION Value ADD III Institutional Feeder LP rookieReal EstateNY$13MindefiniteApr 9

Fund League

$6.47B across 159 funds.

#CompanyStateRaisedRaisingFiled
1Founders Fund Growth III, LP rookieCA$4.60B$4.60BApr 11
2Arthur Ventures VI, LP rookieMN$395M$395MApr 10
3Arthur Ventures Growth V, LP rookieMN$205M$205MApr 10
4Arthur Ventures Buyouts I, LP rookieMN$200M$200MApr 10
5NWEOF Feeder Fund III SCSp rookieIntl$166MindefiniteApr 7
6GPLS I (Lux), SCSp rookieIntl$89.3MindefiniteApr 8
7Pathway Select Fund, LP - 2025 rookieCA$88.9MindefiniteApr 7
8SCP Alpha Omega Long-Biased Fund, L.P. rookieCA$56.7MindefiniteApr 7
9Gpls I, L.P. rookieMA$54.9MindefiniteApr 8
10NFP Continuation Partners A-2, LP rookieGA$54.7MindefiniteApr 11
All 187 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26ACKWEST Group, Inc. rookieTechFL$17.6M$17.6MApr 10
27Oncology Institute, Inc.Bio & HealthCA$16.4M$16.4MApr 8
28US Data & Energy LLC rookieOpenNV$15.2MindefiniteApr 8
29Gutsy, Inc.OpenMA$15.2M$27.1MApr 11
30AION Value ADD III Institutional Feeder LP rookieReal EstateNY$13MindefiniteApr 9
31ConductorAI Corp rookieTechME$12.2M$12.2MApr 7
32Cargado, Inc.TechIL$12M$12MApr 7
33Modular Medical, Inc.TechCA$12M$20MApr 7
34Rupert Resources LtdOpenIntl$11.7M$11.7MApr 9
35CQM Fund VI, LLC rookieOpenCT$11.1M$11.1MApr 9
36pValue Inc.OpenIL$11M$11MApr 8
37Lancaster Apartments 1, LLC rookieReal EstateOH$10.9M$10.9MApr 7
38AppWork Technologies, Inc.TechNJ$10M$10MApr 7
39RC&CY New Orleans Holdco, LLC rookieReal EstateFL$10M$40MApr 10
40HeroWear Holdings, Inc.OpenTN$9.8M$10.1MApr 7
41Tycho AI Inc.TechMA$9.8M$10MApr 11
42Rutherford Value Fund, LP rookieReal EstateCA$9.1M$50MApr 8
43Above Food Ingredients Inc. rookieOpenIntl$9M$9MApr 11
44Blue Owl Real Estate Exchange II DST rookieReal EstateIL$8.6M$66.1MApr 8
45Solar Eclipse-Galaxy, LLC rookieFinanceNY$8M$8MApr 8
46AION Value ADD III HNW Feeder LP rookieReal EstateNY$7.5MindefiniteApr 9
47Kona Bicycle Company, Inc. rookieOpenWA$7.5M$7.5MApr 8
48DedCool, Inc.OpenCA$7.5M$7.5MApr 7
49Ernexa Therapeutics Inc.Bio & HealthMA$7.2M$7.2MApr 11
50Friday Harbor, Inc. rookieTechWA$6M$6MApr 9
51Lytica Therapeutics, Inc.Bio & HealthMA$6MindefiniteApr 11
52Red Crown Federal Credit Union rookieFinanceOK$6M$8MApr 9
53rPotential Inc. rookieOpenCA$5.5M$5.5MApr 8
54SmellCo Inc. rookieOpenDE$5.5M$5.5MApr 10
55Emip 16, LLC rookieReal EstateNY$5.1MindefiniteApr 9
56PE Brazos Point Holdings LLC rookieReal EstateKS$5M$5MApr 8
57RockED Co Inc.OpenFL$5M$5.8MApr 10
58Liitto Technology, Inc.TechCA$4.7M$4.7MApr 7
59ALT Sports Data, Inc.TechCA$4.7M$5MApr 11
60Tenon Medical, Inc.Bio & HealthCA$4.6M$4.6MApr 8
61Overlook Apartments, LLC/SD rookieReal EstateSD$4.5M$5MApr 7
62OpsLab, Inc.TechTX$4M$8.8MApr 11
63GOPASS Holdings LtdTechIntl$4M$4MApr 11
64RSNPG Eagle Creek Partners, LLC rookieReal EstateDE$4M$9MApr 10
65LaaSy Health HoldCo Inc. rookieBio & HealthTX$3.9M$4.1MApr 11
663CM Capital Fund I LLC rookieReal EstateAZ$3.8M$8.7MApr 10
67Wendal Inc.OpenKY$3.6M$3.6MApr 8
68Elixirgen Therapeutics, Inc.Bio & HealthMD$3.6M$3.6MApr 9
697SIGNAL, Inc.TechOH$3.4M$3.5MApr 8
70Cody Lane Development Corp. rookieOpenWY$3.4M$93.8MApr 9
71FG-LC3, LLC rookieFinanceLA$3.3M$4.5MApr 10
72Legacy Vending Fund III, LLC rookieOpenGA$3.3M$3.3MApr 8
73Prophetic Technologies Inc.TechOR$3.2M$3.2MApr 9
74Akuvo LLCTechPA$3M$3MApr 8
75Suburban Financing Company, LLCReal EstateMD$2.9M$5MApr 11
76Asymmetria Investors III, LLC - St. Albans (PS) rookieFinanceIA$2.9M$4MApr 11
77Post Vistria Avenues Of Kennesaw Partners, LLC rookieFinanceCA$2.7M$2.7MApr 9
78USLege, Inc. rookieTechTX$2.7M$2.7MApr 8
79Tenon Medical, Inc.Bio & HealthCA$2.5M$2.5MApr 8
80Uppermost Company, LLC rookieEnergyCO$2.5M$10MApr 7
81Electroform Holdings, Inc. rookieTechMN$2.4M$4MApr 7
82Simplifyance Inc.TechAZ$2.3M$3.6MApr 8
83Affina Inc. rookieOpenMA$2.3M$2.3MApr 7
84Emporia Learning Inc.OpenTX$2.2M$2.2MApr 8
85GP NOLA Investor, LLC rookieReal EstateFL$2.2M$25MApr 10
86Altis Biosystems, Inc.Bio & HealthNC$2.1M$2.2MApr 7
87Brine Technologies, Inc. rookieOpenSC$2.1M$2.1MApr 9
88Condor Global Forestry Products IncMain StreetCO$2.1M$2.1MApr 9
89Light Phone Inc.TechNY$2M$5MApr 7
90Eio USA LLC rookieFinanceNY$2MindefiniteApr 11
91Ekyam.ai, Inc. rookieTechNY$2M$2MApr 7
92LiquidX, Inc.TechNY$2M$2.5MApr 9
93River Rise CF Fund I LP rookieReal EstateCO$2M$25MApr 9
94StreetMetrics, Inc.TechAL$2M$3MApr 7
95Viken Detection CorpTechMA$2M$5MApr 10
96Javelo Health LtdTechIntl$2M$2.6MApr 8
97Drop of Golden Sun LLC rookieOpenMD$1.9M$6MApr 10
98Skylark Development, LLC rookieReal EstateNE$1.8M$1.8MApr 7
99Neonc Technologies Holdings, Inc.Bio & HealthCA$1.6M$2MApr 11
100Slumberkins Inc.Main StreetWA$1.6M$3.2MApr 8
101FPK Cap Onconano 2025, LLC rookieFinanceTN$1.6M$1.7MApr 8
102Captiva Spine, Inc. rookieBio & HealthFL$1.5M$1.5MApr 11
103Beach House Behavioral Health, Inc. rookieBio & HealthFL$1.5M$3MApr 7
104Tenon Medical, Inc.Bio & HealthCA$1.5M$1.5MApr 8
105Clearly Acquired LLC rookieTechCO$1.4M$2MApr 7
106Reveal Healthtech, IncTechNY$1.4M$6MApr 8
107Vardera Labs Inc. rookieTechMA$1.4M$1.5MApr 10
108Arches MSO Rhode Island LLC rookieBio & HealthRI$1.3MindefiniteApr 11
109Lasso Software, Inc.TechTN$1.2M$4MApr 7
110WFF Delaware Investor, LLC rookieReal EstateMA$1.2MindefiniteApr 9
111Exum Instruments, Inc.TechCO$1.1M$3MApr 8
112Oxpt LLC rookieReal EstateDE$1.1M$6.7MApr 11
113Producer Mezcal LLC rookieOpenNV$1M$1MApr 10
114Quattro Fixed Income Fund II, LLC rookieOpenTX$1M$10MApr 8
115Rcps LLCOpenCA$1M$1MApr 9
116Main Street Hempstead Apartments GP, LLC rookieReal EstateNY$980K$1.4MApr 11
117SKYX Platforms Corp.TechFL$975K$975KApr 11
118Neutrolis Inc.Bio & HealthMA$965K$1MApr 8
119Quarion Technology Inc. rookieTechIN$923K$1MApr 10
120Ryse Health, Inc.Bio & HealthMD$900K$2MApr 7
121Equity Capital Group Development Fund I - Tucson, LLC rookieReal EstateAZ$828K$5MApr 7
122Woodbine Apartments I LLC rookieReal EstateOH$800K$900KApr 8
123Bridgeline Digital, Inc.TechMA$720K$720KApr 9
1244EG Rookwood LLC rookieMain StreetOH$700K$700KApr 7
125NeuroReserve Inc.Bio & HealthNV$691K$691KApr 9
126Pneumocyte LLC rookieBio & HealthNC$600K$2MApr 7
127Zingly Inc.TechCA$600K$1.5MApr 10
128Greenleaf Investment Partners L125, LLC rookieReal EstateGA$550K$750KApr 8
129Blackburne & Sons Realty Capital CorpReal EstateCA$540K$540KApr 8
130AION Value ADD III LP rookieReal EstateNY$513KindefiniteApr 9
131Greenbutts Canada Holdings Corp.OpenIntl$512KindefiniteApr 8
132Fabric Global, PBCTechCA$502K$502KApr 11
133Cassette, Inc.Real EstateCA$500K$2MApr 10
134Jones Financial Companies LLLPFinanceMO$488K$488KApr 9
135CubeWorks, Inc.TechMI$440K$440KApr 8
136Pax8, Inc.TechCO$424KindefiniteApr 7
137Red Ball Jets, LLCMain StreetOR$400K$400KApr 8
138Kuya Silver Corp./BCOpenIntl$352K$352KApr 8
139Highway Benefits Inc.TechCA$350K$1MApr 9
140Blackburne & Sons Realty Capital CorpReal EstateCA$325K$325KApr 8
141Outcrop Silver & Gold CorpOpenIntl$323K$543KApr 7
142Edgemode, Inc.OpenFL$300K$3MApr 10
143GridFlow, Inc. rookieTechMA$300K$1.5MApr 7
144Invea Therapeutics, IncBio & HealthCT$300K$600KApr 9
145Lyssn.io, Inc.TechWA$300K$2MApr 11
146Shiftmate Corp. rookieTechMI$300K$300KApr 10
147Soiltech Wireless Inc.TechID$300K$3MApr 7
148Buck Surgical, Inc. rookieBio & HealthMO$300K$3MApr 7
149Mawson Finland Ltd rookieOpenIntl$284K$284KApr 7
150Walker Brothers Beverage Co.OpenTN$282K$1MApr 8
151Friends & Family of FlyGuys, LLC rookieFinanceID$280K$436KApr 10
152Vsft Holdings Inc.TechCT$260KindefiniteApr 7
153Gunnison Copper Corp.OpenAZ$251K$463KApr 10
154FirstVitals Inc. rookieBio & HealthCA$250K$250KApr 10
155Canadian Energy Metals Corp.OpenIntl$210K$210KApr 7
156Wildfang Co.Main StreetOR$210K$1.8MApr 8
157Brooklyn Dumpling Parent Holdings, Inc.OpenNJ$200K$200KApr 11
1583D-20 LLC rookieOpenMN$191K$10MApr 10
159ASC Partnership, L.L.C.Bio & HealthMI$175K$6MApr 10
1604L Data Intelligence, Inc.TechCA$158KindefiniteApr 11
161715 28th St Galveston LLC rookieReal EstateTX$150K$400KApr 10
162Stampede Fcg Investment Partners IV LLC rookieFinanceMA$138K$138KApr 11
163PFM Solutions, LLCTechMN$133K$133KApr 11
164Blackburne & Sons Realty Capital CorpReal EstateCA$125K$125KApr 8
165Blackburne & Sons Realty Capital CorpReal EstateCA$117K$117KApr 8
166Quodus Inc. rookieTechDE$100KindefiniteApr 11
167Teamology, Inc.OpenPA$100K$600KApr 11
168Alaska Energy Metals CorpOpenIntl$93K$93KApr 9
169Treysta Medical Technologies Inc. rookieBio & HealthFL$92K$150KApr 10
170World Tree USA, LLCOpenCA$68K$5MApr 10
171GSP Resource Corp.OpenIntl$68KindefiniteApr 10
172Gaingels ValidM 2025 LLC rookieOpenVT$61K$61KApr 7
173Atomic Elevator, Inc. rookieOpenMT$50K$1MApr 7
174Cellular Logistics, Inc.Bio & HealthWI$50K$350KApr 11
175Santiago Desert Springs, A California Limited PartnershipOpenCA$50K$500KApr 9
176Santiago Rodeo Villas, A California Limited PartnershipOpenCA$50K$500KApr 8
177Danielhouse Studios, Inc.OpenOR$40K$500KApr 8
178Colibri Resource CorpOpenIntl$38K$115KApr 8
179Trans American Aquaculture, Inc rookieOpenTX$36K$104KApr 11
180Starday Foods A Series Of Vuvp Fund LLC rookieOpenTX$35K$35KApr 8
181Netta Startup Studio LLC rookieOpenGA$25K$650KApr 8
182FreeRoyalties, Inc.TechCA$20K$1MApr 11
183BK FastPass Inc. rookieTechCO$18K$250KApr 11
184Walker & Harley Films LLC rookieOpenMO$15K$170KApr 10
185Web3 Enabler, Inc.Main StreetFL$15K$25KApr 8
186Silver Hammer Mining CorpOpenIntl$14K$14KApr 8
187Lightning Migration, Inc. rookieMain StreetOR$100$100Apr 9