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 22, 2025 (May 26 – Jun 1)

202 companies reported $1.68B in new private raises on Form D in Week 22, 2025 (May 26 – Jun 1). The biggest was Green Energy Global Inc, $211M in the Tech League from Arizona. Vascular Perfusion Solutions, Inc. ($147M) and TensorWave Inc. ($100M) rounded out the top three. The Tech League led all leagues with $622M across 48 raises. California topped the state standings with $272M. That is down 67% versus the week before ($5.08B). 123 of the 202 were first-time Form D filers, led by TensorWave Inc. ($100M). In the Fund League, 192 funds reported $2.79B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Green Energy Global IncTechAZ$211M$211MMay 28
2Vascular Perfusion Solutions, Inc.Bio & HealthTX$147M$344MMay 30
3TensorWave Inc. rookieTechNV$100M$125MMay 27
4SageSure LLCFinanceNJ$70M$70MMay 29
5Holladay Properties Fund, L.P. rookieReal EstateIN$62.2M$200MMay 27
6US Claims Litigation Funding, LLCFinanceFL$60M$60MMay 30
7Heron Power Electronics Co rookieEnergyCA$43.2M$43.2MMay 28
8Olympus Pines LLC rookieOpenUT$35M$35MMay 27
9Slaine Holdings LLCOpenNJ$31.8M$31.8MMay 29
10Staud, Inc.Main StreetCA$29M$29MMay 27
11Reflect Orbital Inc. rookieTechCA$28.7M$28.7MMay 28
12Ironhorse Financial Group Inc rookieFinanceOK$25M$25MMay 27
13PsiQuantum, Corp. rookieTechCA$22M$22MMay 30
14Tavern, Inc rookieTechCA$21.6M$21.6MMay 27
15Senseonics Holdings, Inc.Bio & HealthMD$20.3M$20.3MMay 29
16Legacy Financial, Inc.FinanceKS$20M$20MMay 27
17Sierra Holding Co LLCOpenMN$19.4M$19.4MMay 30
18Element Labs Inc. rookieTechNY$19.3M$19.3MMay 30
19Fanbasis Inc. rookieOpenFL$18.4M$24.2MMay 28
20Aiera, Inc.TechNY$17.5M$25MMay 29
21LendARR, Inc. rookieTechMN$17.2M$17.2MMay 30
22SquareX Holdings, Inc. rookieTechCA$17M$20MMay 28
23PowerLattice Technologies IncTechWA$16.8M$25MMay 27
24Rampart IC, Inc. rookieOpenAL$16.7M$21.7MMay 27
25Octave Realty Fund X, LLC rookieReal EstateGA$16.5M$50MMay 27

By league

LeagueRaisedRaises
Tech$622M48
Bio & Health$270M21
Open$259M60
Real Estate$207M36
Finance$192M11
Main Street$72M22
Energy$54.7M4

By state

StateRaisedRaises
California$272M32
Arizona$219M7
Texas$188M12
Florida$130M13
Nevada$128M4
New Jersey$105M5
New York$77.5M18
Indiana$73.3M3
International$54.8M18
Massachusetts$53.6M10
Minnesota$49.3M5
Utah$35M1
Georgia$33.6M6
North Carolina$31.2M6
Maryland$27.7M2

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1TensorWave Inc. rookieTechNV$100M$125MMay 27
2Holladay Properties Fund, L.P. rookieReal EstateIN$62.2M$200MMay 27
3Heron Power Electronics Co rookieEnergyCA$43.2M$43.2MMay 28
4Olympus Pines LLC rookieOpenUT$35M$35MMay 27
5Reflect Orbital Inc. rookieTechCA$28.7M$28.7MMay 28
6Ironhorse Financial Group Inc rookieFinanceOK$25M$25MMay 27
7PsiQuantum, Corp. rookieTechCA$22M$22MMay 30
8Tavern, Inc rookieTechCA$21.6M$21.6MMay 27
9Element Labs Inc. rookieTechNY$19.3M$19.3MMay 30
10Fanbasis Inc. rookieOpenFL$18.4M$24.2MMay 28

Fund League

$2.79B across 192 funds.

#CompanyStateRaisedRaisingFiled
1GP 2025-2026 Private Equity Strategies, a series of Gresham Private Equity Strategies, L.P. rookieIL$525MindefiniteMay 29
2GP Buyout Capital 2025-2026 Series, a series of GP Buyout Capital, L.P. rookieIL$328MindefiniteMay 29
3GP 2025-2026 Real Assets Strategies, a series of Gresham Real Assets Strategies, L.P. rookieIL$171MindefiniteMay 29
4GP Global Venture Capital U.S. 2025-2026 Series, a series of GP Global Venture Capital, L.P. rookieIL$146MindefiniteMay 29
5Napier Park Europe Loan Management Designated Activity CoIntl$106M$106MMay 30
6CBRE Asia Value Partners 7 SCSp SICAV-RAIF rookieIntl$100MindefiniteMay 29
7Patria Black Bear 2 LP rookieIntl$100MindefiniteMay 28
8D1 Opus Holdings LP rookieNY$97.1MindefiniteMay 27
9SFRE Investors, LLC rookieTX$79.5M$79.5MMay 27
10Fusion Co-Invest II-A, LP rookieCA$75.2MindefiniteMay 30
All 202 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26Volitionrx LtdBio & HealthNV$16.2M$16.2MMay 30
27Prairie Aquatech Manufacturing, LLCMain StreetSD$16M$16MMay 27
28Ic-sb Airedale LP rookieReal EstateTX$15.9M$26.5MMay 28
29Conavi Medical Corp. rookieBio & HealthIntl$15.5M$15.5MMay 27
30Hoofprint Biome, Inc.Bio & HealthNC$15M$16MMay 27
31Chronic Care Management, Inc.Bio & HealthFL$14.9M$19.5MMay 28
32TrustCloud CorpOpenMA$14.8M$14.8MMay 29
33Farsight AI, Inc.TechMA$14.7M$14.7MMay 30
34Soapbox Holdings, Inc.TechCA$14.6M$16.6MMay 27
35Secro Inc.TechSC$13.9M$13.9MMay 30
36JNR Equity Fund II LLC rookieReal EstateMA$12.1M$100MMay 30
37Scamnetic Inc.TechFL$11M$11MMay 27
38Comstock Inc.EnergyNV$10.8M$10.8MMay 30
39Portage Park Sol SPV LLC rookieOpenIN$10M$10MMay 30
40C2N Diagnostics, LLCBio & HealthMO$10M$10MMay 30
41MRES Blair Crossing Holdings, LLC rookieReal EstateNE$9.5M$15MMay 30
42Sggf Feeder Investments I Inc. rookieReal EstateIntl$9.5MindefiniteMay 27
43Tectonic Metals Inc.OpenIntl$9.1M$9.1MMay 29
44Mia Labs, Inc. rookieOpenTX$9M$9MMay 28
45Retirable Inc.OpenNY$8.6M$9MMay 29
46CCI Mach SPV, L.P. rookieMain StreetCA$8.5M$8.5MMay 28
47Sierra Holding Co LLCOpenMN$8M$8MMay 30
48Ezra Climate Inc. rookieOpenCA$7.6M$8.8MMay 28
49Ulysses Ecosystem Engineering Inc.TechCA$7.5M$8MMay 28
50OneCrew Software, Inc.TechCA$7.5M$7.5MMay 27
51Piston Technologies, Inc. rookieOpenTX$7.4M$7.4MMay 29
52BTCS Inc.OpenMD$7.4M$7.4MMay 27
53Empire Skyline Fund, LLC rookieReal EstateSD$7M$7MMay 27
54Better Cooking Co.OpenCA$7M$7MMay 30
55Airway Industrial, LLC rookieReal EstateCA$7M$7MMay 28
56KYG Trade, Inc. rookieTechCA$6.8M$6.8MMay 29
57Navro Group Ltd rookieTechIntl$6.7M$6.7MMay 27
58Crcp Nfs Av, LP rookieOpenMA$6.6M$6.6MMay 27
59Javara Inc.Bio & HealthNC$6.6M$10MMay 28
60Midpage AI Inc. rookieTechDE$6.4M$6.4MMay 28
61Court Street Ithaca, LLC rookieReal EstateNY$6.4M$6.9MMay 27
62Marvel City Investors, LLC rookieReal EstateOH$6.2M$6.2MMay 28
63GT Biopharma, Inc.Bio & HealthCA$6M$6MMay 27
64Cast Investors III, LLC rookieReal EstateCA$5.8M$5.8MMay 29
65WF 8111 South Dix, LLC rookieReal EstateNC$5.7M$5.7MMay 28
66Phonemix Ltd rookieTechIntl$5.7M$5.7MMay 28
67Indie Health Inc. rookieBio & HealthNY$5.5M$5.5MMay 27
68American Bancorp, Inc.FinanceGA$5.4M$100MMay 30
69CPC Pivotal Drive Holdings, LLC rookieTechCA$5.3MindefiniteMay 30
70Nebraska Snf Facilities, LLC rookieReal EstateCA$5.3M$5.3MMay 30
71Corvee Holdings, LLC rookieTechFL$5M$5MMay 30
72Corvee Practice Development, LLC rookieMain StreetFL$5M$5MMay 30
73Instead Holdings, LLC rookieOpenFL$5M$5MMay 29
74Instead Tax Services, LLC rookieMain StreetFL$5M$5MMay 30
75Eventual Holding Inc. rookieTechNY$5M$5MMay 30
76Walaris Corp rookieTechGA$4.6M$4.6MMay 28
77Knopp Sub Investments II LLCFinancePA$4.6M$5MMay 30
78iPill Inc. rookieBio & HealthCA$4.5M$5.8MMay 29
79Leeta Materials, Inc.OpenCA$4.5M$5MMay 28
80Sierra Co LLCOpenMN$4.2M$4.2MMay 30
81Enrollment Management Services, LLC rookieTechOH$4.2M$7.2MMay 30
82Captain XYZ, Inc. rookieTechIL$4M$4MMay 29
83Datafold, Inc.TechNY$4M$7MMay 29
84Forest Lane Strategic Investors III, LLC rookieFinancePA$3.9M$4.2MMay 29
85Beacon Technology Solutions Inc. rookieTechIL$3.9M$3.9MMay 29
86Sggf Feeder Investments II ULC rookieReal EstateIntl$3.8MindefiniteMay 28
87Revise Robotics, Inc. rookieTechNY$3.6M$3.6MMay 28
88Desirelist, Inc.OpenGA$3.3M$10MMay 27
89Imunon, Inc.Bio & HealthNJ$3.3M$3.3MMay 28
90Vvcaz LLC rookieReal EstateAZ$3.2MindefiniteMay 27
91Se Caldera Mf, LP rookieReal EstateTX$2.9M$2.9MMay 28
92TLZ Huntsville Promenade, LLC rookieReal EstateTN$2.8MindefiniteMay 27
93UEOZ Cleveland LLC rookieReal EstateOH$2.7M$2.7MMay 27
94Teach Me To Inc. rookieOpenCA$2.5M$2.5MMay 27
95WEAV3D Inc.Main StreetGA$2.5M$4.5MMay 27
96Nye Lane Village, LLC rookieReal EstateCA$2.5M$3MMay 29
97SL Retail LLC rookieReal EstateFL$2.5M$2.5MMay 29
98Double Nickel Inc. rookieTechNY$2.5M$3.5MMay 28
99Vintage Eucalyptus Investors, LLC rookieReal EstateCA$2.4M$4.6MMay 29
100TLZ Clarksville Madison, LLC rookieReal EstateTN$2.4MindefiniteMay 27
101Clinware Solutions, Inc. rookieTechNC$2M$2MMay 27
102FreeUp Storage Lincoln N. Cotner Boulevard, LLC rookieReal EstateCO$1.9M$8.2MMay 30
103All England Lawn Tennis Ground plcOpenIntl$1.8M$1.8MMay 28
104Beautyrightback Corp rookieOpenNY$1.7M$1.9MMay 27
105DreamFi, Inc.FinanceCT$1.7M$4MMay 30
106Daisy Pay Inc rookieTechWY$1.6M$1.6MMay 27
107cortekAI LLC rookieTechMA$1.6M$3.1MMay 29
108Jaguar Health, Inc.Bio & HealthCA$1.5M$1.5MMay 28
109Hampton Innovations Inc rookieTechTX$1.5MindefiniteMay 30
110Martone St., LLC rookieOpenAZ$1.5M$1.5MMay 30
111Left Main REI Inc.TechNC$1.5M$1.5MMay 28
112AZJAH32 LLC rookieMain StreetAZ$1.5M$1.5MMay 28
113800 Immokalee Property Owner, LLC rookieReal EstateFL$1.4M$1.4MMay 29
114Ctan Sidecar Fund 2025 A Series Of Ctan Sidecar Master Fund LLC rookieOpenTX$1.4M$1.4MMay 28
115Alloy Market, Inc.OpenPA$1.4M$1.5MMay 29
116Wakefield Agricultural Carbon LLCMain StreetGA$1.3M$5MMay 27
117Ruffian Snowbike Corp rookieOpenNH$1.3MindefiniteMay 28
118Augustus QOF I LLC, a Nevada Ltd liability Co rookieTechNV$1.2M$7.5MMay 27
119Pershing VenturesOpenWY$1.2M$2MMay 28
120Sedecim LLC rookieReal EstateIL$1.1M$1.1MMay 28
121Intus Biosciences, LLCBio & HealthCT$1.1M$3MMay 27
122Tm Yorktown, LLC rookieReal EstateIN$1.1M$1.5MMay 27
123Liquet Medical Inc.Bio & HealthVA$1.1M$1.5MMay 28
124V7 CRE1 LLC rookieReal EstateTX$1.1M$1.1MMay 27
125Radical Plastics, Inc.TechMA$1M$2MMay 29
126Dprado Retail LLC rookieReal EstateFL$1M$1MMay 29
127Evergreen Equity Partners LLC rookieFinanceVA$1M$1MMay 27
128He Calls We Run LLC rookieOpenTX$1M$4MMay 27
129Redpoint Global Inc.TechMA$1M$3MMay 27
130OSP Gannett Holdings, LLCOpenNY$965K$965KMay 28
131Camelback Film Fund I LLC rookieOpenAZ$850K$10MMay 27
132Core 15333 Fund, LLCReal EstateAZ$850K$5.1MMay 30
133Datum Inc. rookieOpenCA$850K$1MMay 30
134Tenayo Foods LLCOpenCO$850K$1.5MMay 29
135Brixton Washington Square Investor, LLC rookieReal EstateCA$839K$839KMay 29
136ExchangeRight Net-Leased Portfolio 70 DST rookieReal EstateCA$776K$35.5MMay 30
137Gemdale Gold, IncOpenIntl$650K$650KMay 30
138Shalehaven Partners 2025 LP rookieEnergyTX$650K$40MMay 29
139Casa Shares, Inc.Real EstateID$625K$1MMay 27
140S & L Investments, LLC rookieReal EstateMA$625K$625KMay 27
141Sotero, Inc.TechMA$616K$1MMay 27
142Claude Preval LLC rookieOpenNY$600K$600KMay 28
143Aiasst Capital LTD rookieMain StreetCO$575K$575KMay 28
1441451 Tremont LLC rookieReal EstateMA$550K$550KMay 27
145My Stepping Stone, Inc.TechAZ$550KindefiniteMay 28
146Psionic, Inc.TechVA$509K$10MMay 29
147Citizen Storage Grand Blanc LLC rookieMain StreetMI$500K$2.3MMay 30
148Hawaiian Bros Inc.Main StreetMO$500K$500KMay 27
149New Circle SPV I A Series Of New Circle Partners LLC rookieOpenNY$500KindefiniteMay 29
150Aztec Minerals Corp.OpenIntl$493K$822KMay 27
151Commune Fund VI, LLC rookieReal EstateCA$475K$75MMay 30
152TiCoat, Inc.OpenCT$465K$1MMay 29
153CanadaBis Capital Inc. rookieOpenIntl$460K$460KMay 27
154Persperion Diagnostics Inc.Bio & HealthCA$450K$2MMay 30
155Tiger ABTC, LLC rookieOpenCA$450K$450KMay 28
156IMPACT Silver Corp.OpenIntl$447K$447KMay 30
157Fitters Holdings, Inc. rookieOpenMN$440K$440KMay 27
158SpayVac for Wildlife Inc. rookieBio & HealthWI$426K$1MMay 27
159All You Need Is Love, LLC rookieOpenNY$400K$1.8MMay 29
160JazzKC, LLC rookieOpenMO$400K$400KMay 28
161Macrotope, Inc.Bio & HealthNJ$400K$1MMay 30
162SecondNet Corp rookieTechCO$400K$1.2MMay 30
163Mobile Home Transformation Fund LLC rookieReal EstateNC$375KindefiniteMay 30
164Sum LLCMain StreetAL$336KindefiniteMay 29
165MCWH2, LLC rookieFinanceNY$293K$5MMay 28
166Accelerate Wind, Inc. rookieMain StreetAL$250K$600KMay 29
167Cup of Coa, Inc. rookieOpenNE$250K$750KMay 30
168DigiShares Inc.FinanceFL$250K$5.3MMay 27
169Fidocure A Series Of Vuvp Fund LLC rookieOpenTX$226K$226KMay 29
170EQUITES TEXTILE Co LLC rookieMain StreetKY$222K$225KMay 27
171Antidote, Inc. rookieOpenAK$220K$500KMay 29
172Matador Technologies Inc.OpenIntl$218K$367KMay 29
173Okeanos Holdings, LLCMain StreetFL$200K$1.5MMay 30
174Total Health Centers LLC rookieBio & HealthIA$200K$600KMay 27
175Reformation Inc.OpenNY$194K$194KMay 29
176Lightning Society LLCOpenNY$185K$1MMay 30
177Series B A Series of UM AI & Frontier Technology Fund LLC rookieOpenNY$180KindefiniteMay 29
178Son Foods Inc. rookieMain StreetDE$175K$1MMay 29
179Session Technology Stiftung rookieOpenIntl$172K$250KMay 28
180Assemblia Inc. rookieTechWA$155K$155KMay 30
181Gaingels Oath Vote LLC rookieOpenVT$153K$153KMay 28
182AltaVox Inc rookieTechCA$150KindefiniteMay 27
183Biocellular Medical Investments LLC rookieBio & HealthDE$150K$33MMay 30
184Coal Creations, Inc. rookieMain StreetCA$150K$150KMay 27
185Dirty Dill LLC rookieMain StreetCO$150K$150KMay 28
186Circleup LLC rookieTechOR$134K$200KMay 29
187Hawaiian Bros Inc.Main StreetMO$100K$15MMay 29
188MyndTec Inc.OpenIntl$100K$160KMay 30
189Inforens Global Ltd rookieTechIntl$95K$1.6MMay 27
190Gaingels Intangible AI LLC rookieOpenVT$63K$63KMay 28
191RE-OPS, Inc.Main StreetTX$60K$4MMay 29
192Pagari Life Science Corp.Bio & HealthIL$56K$4MMay 29
193FoodSocial, Inc.TechPA$55K$250KMay 28
194Fantasy Horse Show LLCOpenMI$50K$200KMay 28
195Invercon LLC rookieEnergyPA$50K$100KMay 27
196Gaingels Warmly LLC rookieOpenVT$46K$46KMay 28
197CLIMT Inc. rookieTechIntl$35K$600KMay 27
198Brooklyn Dumpling Parent Holdings, Inc.OpenNJ$30K$30KMay 30
199Lit Motors CorpMain StreetOR$25K$8MMay 28
200LOKA Labs Inc. rookieOpenWA$20K$300KMay 28
201Thermo Tents LtdMain StreetIntl$10K$10KMay 30
202Double Deuce Exploration Corp. rookieOpenIntl$6K$17KMay 29