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 23, 2025 (Jun 2–8)

229 companies reported $2.15B in new private raises on Form D in Week 23, 2025 (Jun 2–8). The biggest was Marble Capital Fund V, L.P., $220M in the Real Estate League from Texas. Oric Pharmaceuticals, Inc. ($125M) and Observe, Inc. ($125M) rounded out the top three. The Real Estate League led all leagues with $736M across 63 raises. California topped the state standings with $684M. That is up 28% versus the week before ($1.68B). 140 of the 229 were first-time Form D filers, led by Marble Capital Fund V, L.P. ($220M). In the Fund League, 185 funds reported $4.11B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Marble Capital Fund V, L.P. rookieReal EstateTX$220MindefiniteJun 4
2Oric Pharmaceuticals, Inc.Bio & HealthCA$125M$125MJun 6
3Observe, Inc.TechCA$125M$191MJun 6
4Crebrid Holdings LLC rookieReal EstateTX$86M$86MJun 5
5Bioleum Corp rookieEnergyOK$85M$179MJun 4
6SpyGlassPharma, Inc.Bio & HealthCA$75M$75MJun 5
7Goodfire AI, Inc. rookieTechCA$52M$52.1MJun 2
8EFM Sojitz Forest Fund LLC rookieReal EstateOR$50M$300MJun 6
9VeraBank, Inc.FinanceTX$50M$50MJun 6
10Pactum AI, Inc.TechCA$50M$50MJun 2
11MPC FED Impact Fund III, LLC rookieReal EstateGA$46.8MindefiniteJun 3
12Foran Mining CorpOpenIntl$45.8M$45.8MJun 2
13Traffic Management, LLC rookieOpenCA$45M$45MJun 2
14Voxel Labs Inc.TechCA$44M$44MJun 4
15Lumana Inc. rookieTechCA$37M$37MJun 3
16Chlorum Solutions USA LLC rookieOpenIL$35.4M$35.4MJun 6
17Sterling Quadrangle Class A, LLCReal EstateTX$33.3MindefiniteJun 4
18Reprieve Cardiovascular, Inc.Bio & HealthMA$30.9M$35.9MJun 5
19Agrify CorpOpenIL$30M$30MJun 5
20Project 7, Inc.OpenTX$30M$30MJun 4
21Datavault AI Inc.TechOR$25.9M$25.9MJun 4
22Elgh Tonopah 2040 Acres LLC rookieReal EstateAZ$25.7M$25.9MJun 6
23Park Center at Seven Oaks LLC rookieReal EstateCA$24.6M$38.5MJun 4
24ClearNote Health, Inc.Bio & HealthCA$21.8M$60.5MJun 5
25Watney Robotics Inc. rookieOpenCA$21.1M$21.6MJun 2

By league

LeagueRaisedRaises
Real Estate$736M63
Tech$494M50
Open$353M62
Bio & Health$316M21
Finance$95.4M11
Energy$94.1M6
Main Street$57M16

By state

StateRaisedRaises
California$684M38
Texas$508M24
Illinois$94.9M11
Oregon$87.8M3
Massachusetts$87.8M8
Oklahoma$85.5M2
International$70.2M12
New York$62.2M16
Georgia$51.5M5
Colorado$43.9M9
Maryland$43.3M9
Washington$42.4M15
Utah$41.8M6
Arizona$40M7
Ohio$37.3M6

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Marble Capital Fund V, L.P. rookieReal EstateTX$220MindefiniteJun 4
2Crebrid Holdings LLC rookieReal EstateTX$86M$86MJun 5
3Bioleum Corp rookieEnergyOK$85M$179MJun 4
4Goodfire AI, Inc. rookieTechCA$52M$52.1MJun 2
5EFM Sojitz Forest Fund LLC rookieReal EstateOR$50M$300MJun 6
6MPC FED Impact Fund III, LLC rookieReal EstateGA$46.8MindefiniteJun 3
7Traffic Management, LLC rookieOpenCA$45M$45MJun 2
8Lumana Inc. rookieTechCA$37M$37MJun 3
9Chlorum Solutions USA LLC rookieOpenIL$35.4M$35.4MJun 6
10Elgh Tonopah 2040 Acres LLC rookieReal EstateAZ$25.7M$25.9MJun 6

Fund League

$4.11B across 185 funds.

#CompanyStateRaisedRaisingFiled
1BSP CLO Equity Fund III L.P. rookieNY$500M$500MJun 6
2BlackRock Global CRE Debt Fund - C8 LP rookieNY$500MindefiniteJun 2
3Cinnaire Fund for Housing Limited Partnership 43 rookieMI$340M$350MJun 3
4Wilshire CH SPC - CMAP Macro CH Fund SP rookieIntl$250MindefiniteJun 6
5Wilshire MK SPC - CMAP Macro MK Fund SP rookieIntl$250MindefiniteJun 6
6JFL Credit Opportunities Fund II, L.P. rookieNY$172MindefiniteJun 5
7Vintage Credit Opportunity Partners Offshore SCSp rookieNY$134MindefiniteJun 2
8Pemberton Strategic Credit Fund IV SCSp SICAV-RAIF - Pemberton Strategic Credit Fund IV (B) rookieIntl$134M$612MJun 2
9Overbay Capital Partners 2024 Fund Aggregator (AIV VI) Glencoe Investor I LP rookieIntl$128MindefiniteJun 6
10Vintage Credit Opportunity Partners LP rookieNY$116MindefiniteJun 2
All 229 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26Diamond Standard Inc.Main StreetNY$21M$30MJun 5
27Sedona 168, LLC rookieReal EstateUT$20.5M$20.5MJun 6
281010 Church Holdings, LP rookieReal EstateTN$20M$20MJun 3
29Marble Feeder V, L.P. rookieReal EstateTX$19.2MindefiniteJun 4
30CrestPoint Partners Infrastructure Holdings, LLC rookieOpenTX$17.6M$35MJun 3
31Helios ZincFive Partners VII, LLC rookieFinanceCO$15.6M$15.6MJun 4
32Impact Analytics Inc.TechMD$15M$15MJun 3
33Healthplan Data Solutions, Inc.OpenOH$14.9M$14.9MJun 2
34Yoodli, Inc.TechWA$13.7M$13.7MJun 4
35Biobot Analytics, Inc.TechMA$13.5M$13.6MJun 6
36Coyne Rickenbacker, LLC rookieOpenOH$13.1M$13.1MJun 5
37HIG Holdings, LLCFinanceTX$13M$13MJun 2
38TheWordlab, Co.TechIntl$13M$13.5MJun 2
39OncoNano Medicine, Inc.Bio & HealthTX$12.7M$12.7MJun 2
40Zingbus, Inc. rookieOpenCA$12.6M$12.6MJun 6
41Lam 204, LLCReal EstateOR$11.9M$21.9MJun 3
42Luna Villa Lto Owner LLC rookieReal EstateAZ$11.4M$18MJun 6
43JRC Venture I, LLC rookieReal EstateMT$11.2M$11.2MJun 5
44PreciseDx, Inc.Bio & HealthNY$11.2M$15MJun 6
45PSC Ambassadors Fund 2025 LLC rookieReal EstatePA$11M$11MJun 4
46Beacon Place - North Valley Investors, LLC rookieOpenAL$10.8M$10.8MJun 6
47Neostella, Inc. rookieTechWI$10.7M$15MJun 6
48Cristcot LLCBio & HealthMA$10.5M$55MJun 6
49Anza Partners Holdings, LLC rookieOpenMA$10.4M$10.4MJun 6
50Ocp Carmel Investors, LLC rookieReal EstateIL$10.2M$10.6MJun 6
51WorkHack, Inc. rookieTechDE$9.2M$9.2MJun 4
52Searchlight III CVL, LLC rookieTechNY$9.2M$9.2MJun 6
53FAC Lake Tower, LLC rookieReal EstateWA$9.1M$9.1MJun 3
54Alpine Crest Capital, LLCFinanceUT$8.3M$8.3MJun 5
55Finwave Semiconductor, Inc.OpenMA$8.2M$8.2MJun 4
56CEDARst Opportunistic Fund I Shareholder, LLC rookieReal EstateIL$8M$100MJun 4
57Great Northern Salmon, Inc.Main StreetME$8M$14MJun 2
58FinResults Inc. rookieMain StreetFL$7.2M$7.2MJun 4
59Defiance Capital Fund, LLCReal EstateCO$7M$100MJun 2
60ChemFinity Technologies, Inc. rookieTechNY$7M$7MJun 3
61Filmhub, Inc.TechCA$7M$10MJun 2
62NightVision Security, Inc. rookieTechFL$6.9M$6.9MJun 6
63CapX Ventures Fund 7, LLC rookieEnergyTX$6.8M$20MJun 5
64Northslope Technologies Inc. rookieTechCO$6.8M$7MJun 4
65Just Imagine, Inc.TechCA$6.7M$6.8MJun 4
66Matan RCB JD, LLC rookieReal EstateMD$6.7M$6.7MJun 4
67Immunomic Therapeutics, Inc.Bio & HealthMD$6.5M$16MJun 2
68South Crest IR LLC rookieReal EstateTX$6.5M$6.5MJun 3
69FFP Conroe, LLC rookieReal EstateCO$6.2M$16MJun 6
70Global Uprising,PBCMain StreetUT$6.2M$8.2MJun 4
71Trible AI, Inc. rookieTechVA$6.1M$6.3MJun 4
72Integrity Implants Inc.OpenFL$6.1M$7.5MJun 6
73TCD 267 Atlanta Industrial Feeder LP rookieReal EstateMA$6M$6MJun 3
74Apn Recovery Qp, LLC rookieReal EstateIL$5.5M$8.8MJun 2
75Equity Shift Holdings, Inc.FinanceNC$5.3M$5.3MJun 6
76Kinect Opportunity Fund II LLCReal EstateWA$5.2M$40MJun 3
77FEV Analytics Corp rookieOpenWA$5.2M$5.2MJun 6
78Vermilion Two LLC rookieReal EstateOH$5.1M$5.1MJun 2
79Lumber Manufactory Inc.Main StreetDC$5M$5MJun 2
80Kamau Therapeutics, Inc. rookieTechCA$5M$10MJun 3
81Cala Systems, Inc.TechMA$4.8M$7MJun 3
82Halston Northlake Investors, LP rookieReal EstateNY$4.5M$11.7MJun 4
83Battery Metals, Inc. rookieTechNC$4.3M$5MJun 6
84Rythm Health, Inc. rookieBio & HealthCA$4.1M$4.1MJun 2
852025 Q1 SPV LLC rookieReal EstateUT$4.1M$25MJun 6
86Sealevel Value-Add Growth Fund I LLC rookieReal EstateWA$4.1M$50MJun 2
87JTC Development, LLCMain StreetMD$4M$20MJun 5
88C-981, Inc rookieTechCA$3.9M$3.9MJun 5
89CollPlant Biotechnologies LtdBio & HealthIntl$3.9M$3.9MJun 4
90Raintree Capital LLC rookieOpenVA$3.8M$5MJun 6
91Alliance Capital Investors LLCReal EstateMO$3.6MindefiniteJun 2
92Scg Hmb, LLC rookieReal EstateCA$3.6M$4.3MJun 5
93TCD 267 Industrial Portfolio Investment LP rookieReal EstateMA$3.6M$6.3MJun 3
94Matan RCB LPLM, LLC rookieReal EstateMD$3.5M$3.5MJun 4
95Eagle Onsite, LLC rookieBio & HealthTX$3.5MindefiniteJun 2
96Revelton Distilling Company, Inc.OpenIA$3.5M$7MJun 5
97CRE Capital P007, LLC rookieReal EstateGA$3.2M$3.2MJun 2
98Alta Music Group, Inc. rookieOpenCA$3M$3MJun 2
99LCP Drive Buick LLC rookieReal EstateCO$2.8M$2.9MJun 2
100Wavegate CorpBio & HealthLA$2.8M$28.7MJun 6
101Blooms Holdings rookieTechIntl$2.8M$2.8MJun 3
102Waterlake Fund, LP rookieReal EstateNY$2.8M$14.7MJun 4
103UgenticAI, Inc. rookieMain StreetMD$2.6M$5MJun 3
104Brady Deane Group, Inc.OpenCA$2.6M$3MJun 3
105Ascendia Pharmaceuticals, Inc.Bio & HealthNJ$2.5M$2.5MJun 4
106Miyoko's, PBCOpenCA$2.5M$8MJun 4
107Black Rock Nutraceuticals, Inc. rookieOpenAZ$2.4M$4MJun 4
108Nectar Diagonal 2025, LLC rookieReal EstateCO$2.4M$2.4MJun 4
109Athletic Clubs, Inc. rookieOpenNY$2.4M$3.6MJun 5
110LVT Investments UT, LLC rookieReal EstateUT$2.4M$2.4MJun 5
111Vail Apartments Holdco, LLC rookieReal EstateTX$2.2M$2.4MJun 5
112Datawizz Inc.TechCA$2.2M$2.3MJun 2
113MZ Controls Holding Co., LLC rookieOpenOH$2.2M$2.2MJun 3
114Matan Stono II, LLC rookieReal EstateMD$2.1M$2.1MJun 6
115Hart House Community LLC rookieReal EstateTX$2M$5MJun 2
116Barn Productions, LLCOpenTN$2M$8MJun 4
117Leaselot, Inc.OpenVA$2M$2MJun 3
11828370 St. Michaels, LLC rookieReal EstateMD$1.9M$1.9MJun 4
119Barrel RM, Inc. rookieOpenCA$1.8M$3.8MJun 2
120Loncor Gold Inc.OpenIntl$1.8M$1.8MJun 6
121Parlay Protocol Inc. rookieTechVA$1.7M$1.7MJun 2
122Farmsense Inc. rookieMain StreetCA$1.7M$1.7MJun 4
123Your Poppy, Inc.TechVA$1.7M$3MJun 5
124Centrus Diagnostics, Inc. rookieBio & HealthWA$1.7M$1.7MJun 2
125CCC Legal Fund I, LP rookieOpenIL$1.7MindefiniteJun 5
126Vitalis MOB Kissimmee, LLC rookieReal EstateFL$1.6M$1.6MJun 2
127Factory Cleaning Equipment, LLC rookieOpenIL$1.6M$1.6MJun 2
128MIMG CCXLVI Lansing Tower Master, LLC, a Colorado Ltd liability Co rookieReal EstateCO$1.6M$2MJun 5
129San Miguel Place LLC rookieReal EstateCA$1.6M$2.2MJun 2
130KR Laurel Fund I, LLC rookieFinanceOH$1.5M$1.5MJun 5
131Wess Invest, LLC rookieReal EstateGA$1.5M$5MJun 5
132XCT Holdings LLCOpenTX$1.5M$5MJun 3
133MIMG LXXIV Colonial, LLC a Colorado Ltd liability Co rookieReal EstateCO$1.3M$1.3MJun 3
134Roers Affordable Housing Fund LLC rookieReal EstateMN$1.2M$30MJun 4
135Halston Five Northlake, LP rookieReal EstateNY$1.2MindefiniteJun 4
136Missouri IV Group, LLC rookieOpenAR$1.2M$1.2MJun 4
137Apn Recovery, LLC rookieReal EstateIL$1.1M$1.2MJun 2
138Incite IncOpenCA$1.1M$2MJun 3
139Matador Technologies Inc.OpenIntl$1.1M$1.8MJun 5
140Bluebird AI Inc rookieTechCA$1.1M$2MJun 4
141Revol One Holding, LLC rookieFinanceIA$1.1M$2.5MJun 5
142North American Energy Opportunities Corp.OpenNY$1.1M$1.1MJun 3
143Matan RCB CC, LLC rookieReal EstateMD$1M$1MJun 4
144Gameplay Group International Inc. rookieTechFL$1M$1MJun 6
14518820 Cachagua Road, LLC rookieReal EstateNJ$1M$1MJun 5
146Continuity Biosciences, LLCBio & HealthFL$1M$1MJun 4
147Fraud Protection Network, Inc.TechFL$1M$1MJun 2
148Freight Technologies, Inc.TechTX$1M$1MJun 3
149Mewbourne Energy Partners 25-A, L.P. rookieEnergyTX$1M$180MJun 6
150Origin Charlotte NoDa, DST rookieReal EstateIL$985K$48.9MJun 4
151Granite Hybrid Fund 2 LLC rookieReal EstateMN$950K$25MJun 2
152Goldenrod Star, LLC rookieReal EstateNE$900K$4.5MJun 6
153Fedora Pharmaceuticals Inc.Bio & HealthIntl$895K$7.2MJun 6
154Serenity NC Fund, LP rookieOpenFL$800K$20MJun 6
155Syr Corp.OpenNJ$772K$880KJun 4
156CopperForge Capital LP rookieReal EstateFL$760K$5MJun 4
157Prota Wire Holdings, LLC rookieOpenWA$700K$850KJun 6
158Vivakor, Inc.EnergyTX$650K$5MJun 3
159Gateway Biotechnology, Inc. rookieBio & HealthNC$633K$2.4MJun 5
160HSR Paradise 6-10 Excavation LLC rookieReal EstateWA$600K$5.2MJun 5
161Event Space Booker, Inc.TechWA$598K$1MJun 4
162Chefs Life Co, LLC rookieOpenCA$555K$600KJun 3
163Foxo Technologies Inc.OpenFL$550K$550KJun 2
164Modelence, Inc. rookieTechCA$550K$1.2MJun 6
165Priority Physicians Realty II, LLC rookieReal EstateIN$550K$2.2MJun 5
166Atlas American Properties LLCReal EstateTN$525K$525KJun 6
167Dream Venture X, Inc. rookieReal EstateWA$525K$2MJun 3
168Texas Water ELP, Inc. rookieMain StreetTX$525K$5MJun 3
169Barchee Holdings, LLC rookieEnergyOK$500K$30MJun 2
170CHN Analytics, LLC rookieTechOH$500K$1.5MJun 3
171Tremis Ob Fund A Series Of Tremis Capital US Fund II LLC rookieOpenTX$500K$500KJun 5
172Light Wave Holding Company, LLCBio & HealthNY$485K$485KJun 6
173Series 46-1, a series of StartEngine Private LLC rookieOpenCA$453K$833KJun 3
174Tundra Targeted Therapeutics, Inc. rookieBio & HealthWI$444K$3MJun 3
175Betaliq IncBio & HealthFL$416K$5MJun 2
176Series C, a series of UM AI & Frontier Technology Fund LLC rookieOpenNY$413KindefiniteJun 2
177Alli Connect, Inc.TechWA$405K$800KJun 2
178Global Energy Transmission, Co.TechWA$400K$5MJun 2
179SC Housing Catalyst Fund, LLC rookieReal EstateCA$400K$5MJun 2
180Fortress Wildfire Insurance Group, LLCFinanceCA$375K$1.5MJun 3
181Ambient Automotive, Inc.OpenIL$375K$750KJun 5
182Tudor Gold Corp.OpenIntl$362K$655KJun 5
183Sindri Materials Corp. rookieMain StreetDE$350K$700KJun 4
184Help 1 Million People Inc. rookieTechUT$330K$330KJun 6
185Light Wave Ownership Path, LLCBio & HealthVA$327K$327KJun 6
186Smart Procurement Inc rookieTechDE$300KindefiniteJun 4
187Realty Royalties of America Fund, L.P. rookieReal EstateNY$275KindefiniteJun 3
188Border Bancshares, Inc.FinanceMN$272K$272KJun 3
189Fast Forward, Inc.TechNE$270K$3MJun 4
190Condor Resources IncOpenIntl$257KindefiniteJun 6
191Bluebird AI Inc rookieTechCA$250K$250KJun 4
192Med-x, Inc.OpenCA$250K$3.5MJun 4
193Seascape Aquatech Inc. rookieMain StreetNY$250K$2.5MJun 4
194Spoker Legacy Group, LLC rookieOpenTX$225K$300KJun 2
195VU Scholarships, Inc. rookieOpenMO$200K$1MJun 4
196Defense Metals Corp.OpenIntl$186K$311KJun 5
197Fueled, Inc.TechCO$180K$180KJun 6
198Eagle Energy Metals Corp.EnergyNV$173K$7.2MJun 4
199Comanche Place LLC rookieReal EstateCA$150K$650KJun 2
200Conquer Capital Fund rookieOpenAZ$150K$15MJun 2
201Mountain House Media LLC rookieTechNY$150K$1.5MJun 5
202Bridge Core Parent Holdings LLCOpenPA$145K$145KJun 3
203Testaify, Inc.TechFL$145K$500KJun 6
204Brera Holdings PLCOpenIntl$143K$10.8MJun 5
205Gaingels Cartography 2025 LLC rookieOpenVT$135K$135KJun 2
206Beau Musical Development Ltd Liability Co rookieOpenNY$135K$1MJun 6
207Coranet Solutions Inc rookieTechDC$125K$10MJun 6
208Estaca 1992, LLCOpenAZ$120K$900KJun 5
209Em & Audrey Enterprises Inc. rookieOpenNY$105K$500KJun 2
210Santiago Columbia Village LLCOpenCA$105K$1MJun 2
211InTensionAI Inc. rookieTechNC$100K$150KJun 3
212HubHuman LLCTechAZ$98KindefiniteJun 4
213Lagena Inc. rookieTechTX$80K$80KJun 3
214Westport Golf, Inc.Main StreetWA$74K$1.5MJun 4
215ARM5 Holdings, Inc. rookieOpenAZ$60K$7.6MJun 3
216Kifcure, LLC rookieMain StreetIL$50K$5MJun 2
217Pantheon Wealth OS, Inc. rookieOpenFL$50K$500KJun 4
218bluShift Aerospace, IncMain StreetME$50K$1MJun 5
219Covemark Cabins, LLC rookieReal EstateTX$45K$5MJun 2
220SoccerTraining GPT UG rookieTechIntl$44KindefiniteJun 2
221Solutioneers Inc. rookieTechWA$35K$1MJun 6
222Bankers Settlement Services Capital Region LLCFinancePA$24K$24KJun 4
223Pickbots Corp rookieMain StreetCA$20KindefiniteJun 3
224PHP Experts, Inc. rookieTechTX$10K$10KJun 5
225Synesthesia Film LLC rookieOpenCA$10K$60KJun 3
226Opportunity Venture Group, LLCOpenGA$2K$59KJun 4
227Ferrante Holdings Inc, rookieFinanceVA$1K$100KJun 5
228Windward Investment Group 2 LLCOpenGA$1K$37KJun 4
229Transtek Industries Inc rookieMain StreetWA$100indefiniteJun 3