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 27, 2025 (Jun 30 – Jul 6)

168 companies reported $2.75B in new private raises on Form D in Week 27, 2025 (Jun 30 – Jul 6). The biggest was NorthPoint Industrial Fund VII, LP, $488M in the Real Estate League from Missouri. Silicon Ranch Corp ($451M) and Abridge AI Inc. ($316M) rounded out the top three. The Real Estate League led all leagues with $893M across 40 raises. Missouri topped the state standings with $507M. That is up 59% versus the week before ($1.73B). 99 of the 168 were first-time Form D filers, led by Emory Peak Holdings V, LLC ($298M). In the Fund League, 197 funds reported $3.66B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1NorthPoint Industrial Fund VII, LPReal EstateMO$488M$1BJun 30
2Silicon Ranch CorpEnergyTN$451M$451MJun 30
3Abridge AI Inc.TechPA$316M$319MJun 30
4Emory Peak Holdings V, LLC rookieEnergyTX$298MindefiniteJul 1
5S3 Small Balance RE Credit A Domestic LP rookieReal EstateNY$174MindefiniteJul 1
6Legora, Inc. rookieTechDE$79.8M$80MJul 1
7Sparrow Pharmaceuticals, Inc.Bio & HealthOR$61.8M$121MJul 1
8Clerk, Inc.TechCA$50M$50MJul 3
9LEO Impact Housing Fund, L.L.C. rookieReal EstateMD$43.5M$150MJul 2
10OrthoBio Therapeutics, Inc. rookieBio & HealthCO$31.4M$31.4MJul 2
11Fleet Device Management Inc.TechCA$27.9M$27.9MJul 2
12DASTA Inc rookieTechNY$26.3M$26.3MJul 2
13Bakkt Holdings, Inc. rookieFinanceGA$25M$25MJul 2
14Syntis Bio, Inc.Bio & HealthMA$25M$26.5MJul 2
15S3 Small Balance RE Credit A Foreign LLC rookieReal EstateNY$24.7MindefiniteJul 1
16Foundation LLM Technologies, Inc.OpenCA$23M$23MJun 30
17X-Energy Management, LLC rookieEnergyMD$22.8MindefiniteJul 1
18GrowthBook, Inc. rookieTechCA$22.6M$22.6MJul 2
19Gather Health Primary Care, Inc.Bio & HealthMA$21.2M$25MJul 1
20Residences at Timber Trails, LLC rookieReal EstateMO$19.3M$19.3MJul 1
21Seekr Technologies Inc.TechVA$17.3M$100MJun 30
22DataBahn, Inc. \DE rookieTechTX$16.5M$17MJul 1
23Verve Cloud, Inc. rookieTechCA$15.8M$15.8MJul 3
24CH Willow Springs Holdings LLC rookieReal EstateMA$15M$90MJul 3
25HelloJoy, Inc.Bio & HealthIL$15M$15MJul 2

By league

LeagueRaisedRaises
Real Estate$893M40
Energy$779M9
Tech$696M51
Bio & Health$214M14
Open$111M40
Finance$44.9M8
Main Street$14.6M6

By state

StateRaisedRaises
Missouri$507M2
Tennessee$454M4
Texas$335M14
Pennsylvania$329M4
New York$246M15
California$244M21
Delaware$102M7
Massachusetts$79.9M6
Maryland$70.1M3
Oregon$61.8M1
Virginia$41.5M5
Illinois$36.5M10
Colorado$36.4M4
Florida$33.8M10
Georgia$26.3M3

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Emory Peak Holdings V, LLC rookieEnergyTX$298MindefiniteJul 1
2S3 Small Balance RE Credit A Domestic LP rookieReal EstateNY$174MindefiniteJul 1
3Legora, Inc. rookieTechDE$79.8M$80MJul 1
4LEO Impact Housing Fund, L.L.C. rookieReal EstateMD$43.5M$150MJul 2
5OrthoBio Therapeutics, Inc. rookieBio & HealthCO$31.4M$31.4MJul 2
6DASTA Inc rookieTechNY$26.3M$26.3MJul 2
7Bakkt Holdings, Inc. rookieFinanceGA$25M$25MJul 2
8S3 Small Balance RE Credit A Foreign LLC rookieReal EstateNY$24.7MindefiniteJul 1
9X-Energy Management, LLC rookieEnergyMD$22.8MindefiniteJul 1
10GrowthBook, Inc. rookieTechCA$22.6M$22.6MJul 2

Fund League

$3.66B across 197 funds.

#CompanyStateRaisedRaisingFiled
1Advent Opportunities Access LLC rookieNY$462MindefiniteJul 3
2Invictus Phoenician Fund, L.P. rookieDC$400MindefiniteJul 2
3Man Systematic Emerging Markets Ex China Alpha (Cayman) rookieIntl$400MindefiniteJul 1
4Advent Opportunities Access Offshore SCSp rookieNY$337MindefiniteJul 3
5DSC Meridian Dislocation Opportunities Offshore Fund LP rookieIntl$240MindefiniteJul 1
6SVA AI Growth, L.P. rookieCA$215M$215MJul 1
7Streamline Global Partners, L.P. rookieTX$184M$184MJul 2
8Chiratae Ventures International Fund V rookieIntl$137MindefiniteJul 1
9West Street Co-Investment Partners (C), L.P.NY$100MindefiniteJul 3
10Kian Equity Partners I, L.P. rookieNC$92.6M$400MJul 3
All 168 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26Arialys Therapeutics, Inc.Bio & HealthCA$14.8M$24.8MJul 1
27Centerville Investors, LLC rookieReal EstateIN$14.8M$21.8MJul 1
28Chloris Geospatial Inc.TechMA$14.8M$16.2MJul 1
29Bright Uro, Inc.Bio & HealthCA$14.7M$14.9MJul 3
30Maui Imaging, Inc.OpenAZ$14.7M$18MJul 3
31Caliber Labs, PBC rookieOpenCA$14.4M$15.8MJul 1
32BCC 300 M Street Investor LLC rookieFinanceVA$14.4M$15MJul 1
33Relentless Health Inc. rookieOpenNV$14.2M$21.2MJun 30
34Savanna Biotherapeutics, Inc.Bio & HealthCA$13M$60MJun 30
35Somp-parke, LP rookieReal EstateTX$12M$12MJun 30
36Mine Vision Holdings, Inc. rookieTechPA$11.5M$11.5MJul 3
37Quince Therapeutics, Inc.Bio & HealthCA$11.5M$21.9MJul 1
38Membrion, Inc.TechWA$11.3M$17.1MJul 1
39Rune Labs, Inc.TechCA$11.2M$13.7MJun 30
40Southeastern Retail Development Equity Fund, LP rookieReal EstateAL$10M$10MJul 3
41OKC Multifamily Fund LLC rookieReal EstateMN$8.1M$8.1MJul 1
422389 Vauxhall Funding L.P. rookieReal EstateNY$8.1M$8.1MJul 3
43Soteris, Inc. rookieTechVA$8M$9.4MJul 3
44BackOps-ai Inc. rookieTechDE$8M$8MJun 30
45Castlerock Biofuels, LLC rookieMain StreetFL$7.8M$8.5MJun 30
46Pro Athlete Community Inc.OpenDE$7.5M$7.8MJul 3
47Toy Chest 2 LLC rookieReal EstateFL$7.3M$7.3MJul 3
48Koobz, Inc. rookieTechCA$7.3M$7.3MJul 1
49nVenue Inc. rookieTechDE$6M$6MJun 30
50Recsolu, Inc.TechIL$5.8M$5.8MJul 1
51Sanderson Bellecci, Inc.OpenMT$5.7M$5.7MJul 3
52American AI Logistics, Inc. rookieTechFL$5.7M$5.7MJul 3
53Eden IX LLC rookieReal EstateKY$5.1MindefiniteJul 3
54Bagels & Co. rookieMain StreetFL$5M$5MJun 30
55Selma Lookout Pointe LLC rookieReal EstateIL$4.8M$4.8MJul 1
56Gathering Collective, Inc.OpenCA$4.6M$5.2MJun 30
57Skyline 103 Chandler Industrial, LLC rookieReal EstateCA$4.6M$10MJul 2
5841 Saddle River Funding L.P. rookieReal EstateNY$4.4M$4.4MJul 3
59Momentum Optics, Inc. rookieOpenCO$4.3M$4.3MJul 3
60252 Meeting LLC rookieReal EstateSC$4.3M$4.5MJun 30
61Garner Bagnal Sidecar OI LP rookieReal EstateMD$3.8M$3.8MJun 30
62LPC 572 WM Investors, LLC rookieReal EstateIL$3.6M$3.6MJul 2
63She Rides Shotgun Project LLC rookieOpenNV$3.4M$4.5MJun 30
64Jifiti.com Inc.TechOH$3.3M$15MJul 3
65Pi Lbp III, LLC rookieReal EstateKS$3.2M$3.2MJul 3
66Clearone IncTechUT$3M$3MJul 3
67Odele Holdings, Inc.OpenMN$3M$3MJul 1
68Platform 25, LLC rookieReal EstateCA$3M$3MJul 3
69Storage Units Ground Lease Columbia, LLC rookieReal EstateFL$2.9M$2.9MJun 30
70Hancock Timberland & Farmland Fund LPReal EstateMA$2.9M$2.9MJul 3
71247 E1117 Funding L.P. rookieReal EstateNY$2.8M$2.8MJul 3
72SC Northwoods LLC rookieReal EstateOH$2.8M$4MJul 3
73USI Leipzig Ltd.FinanceIntl$2.8M$2.8MJul 3
7461 East Main Funding L.P. rookieReal EstateNY$2.6M$2.6MJul 3
75Carbon Insurance Inc.TechUT$2.6M$4MJul 2
76Lytica Inc.TechIntl$2.5M$2.5MJun 30
77Benchmark Space Systems, Inc.TechVT$2.4MindefiniteJul 2
78Superior Hospitality Investments, LLC rookieReal EstateFL$2.2M$4.8MJul 1
79Ellington Valley Technologies, Inc.TechCT$2.2M$3.8MJun 30
80SS Radiology Holdco, LLC rookieBio & HealthIL$2.2M$3MJul 3
81Anax Holdings LLC rookieEnergyNJ$2.2M$4.3MJul 3
82JBM Ebright Preferred Phase 2 LLC rookieReal EstateOH$2M$2.5MJul 2
83South Main Middletown, LLC rookieReal EstateCT$2M$2MJul 2
84United Multi-Basin #3, LP rookieEnergyTX$2M$2MJul 3
85TagoreTech Inc. rookieTechIL$2M$4MJul 2
86Spark GHC Wildcat, L.P. rookieReal EstateOH$2M$9.2MJun 30
87Songfinch, Inc.TechIL$1.9M$4.5MJul 3
88BeneficientFinanceTX$1.9M$1.9MJul 2
89Azra AI Holdings, Inc.TechTN$1.9M$7MJul 3
90Ucore Rare Metals Inc.OpenIntl$1.9M$3.2MJul 3
91Advanced Magnet Lab IncOpenFL$1.8M$3MJul 2
92Acretrader 258, LLP rookieReal EstateAR$1.7M$1.7MJul 1
93Getchell Gold Corp.OpenIntl$1.6M$2.9MJul 2
94Spark GHC Wayne, L.P. rookieReal EstateOH$1.6M$14.1MJun 30
95Series 42-1, a series of StartEngine Private LLC rookieOpenCA$1.6M$4.5MJun 30
96Gip Property 101 LLC rookieReal EstateCA$1.4M$1.4MJul 3
97Infusense Corp.TechTN$1.4M$2MJun 30
98Bookitngo Corp rookieTechCA$1.4M$2MJul 1
99HerdDogg, Inc.OpenNE$1.3M$4MJul 1
1001st American Nuclear Co. rookieEnergyWA$1.2M$2.5MJun 30
101Karo Robbins Holdco, LLC rookieMain StreetGA$1.2M$1.2MJun 30
102Reconnaissance Energy Africa Ltd.EnergyIntl$1.1M$1.1MJul 1
103FemMA, Inc. rookieOpenMA$1.1M$1.4MJul 1
104Diamond Kinetics, Inc.TechPA$1M$4MJul 1
105Synthec Fuels Wisconsin, Inc. rookieEnergyWI$1M$12MJul 2
106Tensor Black, Inc. rookieTechOH$1M$1MJun 30
107Wndyr Inc.OpenTX$1MindefiniteJul 1
108Belle Fourche Properties Group LLC rookieReal EstateSD$945K$1.1MJul 2
109Kernel Intelligence Inc. rookieTechNY$935K$1.5MJul 1
110Evofem Biosciences, Inc.Bio & HealthCA$925K$925KJul 2
111Viridian Metals Inc. rookieOpenIntl$919K$919KJun 30
112NatGold Digital Ltd.TechFL$910K$910KJul 1
113Alps Dx LLC rookieTechVA$900K$1.2MJul 3
114ER Logix, LLCTechIL$825K$2MJul 3
115Eastbrook Partners LLC rookieReal EstateVA$825K$1.2MJul 1
116Inanovate IncBio & HealthSD$808K$808KJul 2
117Trinity Nuclein Senior Note QP Investors LLC rookieTechTX$790K$7MJul 1
118PCG Maricopa Grand LLC rookieReal EstateAZ$750K$1.6MJul 1
119One Turtle Creek LPReal EstateTX$735K$5MJul 3
120Asylon Robotics CMG, LLC rookieTechNY$670K$670KJun 30
121Smart Step Surgical LLC rookieBio & HealthMT$665KindefiniteJul 2
122Trinity Guardion, Inc.Bio & HealthIN$643K$1.2MJul 3
123Getchell Gold Corp.OpenIntl$632K$1.1MJul 2
124MiMedia Holdings Inc.OpenNY$585K$1.2MJul 3
125Appia Rare Earths & Uranium Corp.OpenIntl$547K$1.6MJul 2
126Neuralink A Series Of Vuvp Fund LLC rookieOpenTX$543K$543KJul 1
127Story Renovations, LLCReal EstateCO$523K$523KJul 2
128Enzy Technologies LLCTechUT$500K$500KJun 30
129Trinity Nuclein Senior Note Investors LLC rookieTechTX$500K$7MJul 1
130Sanderson Bellecci, Inc. rookieOpenMT$499K$499KJun 30
131Pomegranate Sarasota Investor LLC rookieMain StreetNY$480K$1.2MJul 1
132Summa Silver CorpOpenIntl$450K$801KJun 30
133Linwood Collection LLC rookieReal EstateTX$450K$1MJul 3
134Collectors Card Inc. rookieFinanceDE$415K$1.5MJul 1
135Nvh Technology LLC rookieTechPA$400K$2.5MJul 1
136General Helium Inc rookieEnergyWY$325K$2.5MJul 1
137Solitude Labs Inc. rookieTechIL$325KindefiniteJul 1
138Vitalize Investments, LLC rookieFinanceDE$317KindefiniteJul 3
139639 LLCOpenDE$300K$2MJul 1
140OnePointTwo Capital Core Chain Income Fund LLC rookieOpenNY$300KindefiniteJul 2
141Bookclubz, Inc.TechME$250KindefiniteJul 2
142Immersed Inc. rookieTechTX$250KindefiniteJul 3
143OnePointTwo Capital BTC Fund LLC rookieOpenNY$250KindefiniteJul 2
144Vesalius Longevity Labs (Canada) Inc. rookieOpenIntl$168K$168KJun 30
145DVB Capital Assets II, LLC rookieFinanceFL$135K$1.40BJul 3
146Gaingels Playground LLC rookieOpenVT$131K$131KJul 2
147Before Self Care Co Inc.OpenIntl$125K$125KJun 30
148Gaingels Collective LLC rookieOpenVT$111K$111KJul 2
149Switch Society Capital Partners I, LLC rookieMain StreetMT$100K$200KJul 2
150Childfree Trust, LLC rookieOpenTN$100K$2MJun 30
151Composabl, Inc.TechCA$100K$100KJun 30
152DMHJV001 Inc.TechUT$100K$2.5MJul 3
153My Medical Hub CorpTechFL$100K$9.5MJun 30
154iTrust Ventures LLCTechGA$100K$500KJul 1
155Tierra Cove II LLC rookieReal EstateTX$75K$715KJun 30
156True Sync Media, Inc.OpenCO$75K$1MJul 1
157Ehrhart Griffin & Associates, Inc.Main StreetNE$73K$73KJul 3
158Midas Mineral Partners Inc. rookieOpenIntl$51K$51KJul 2
159Chapel Tattoo LLC rookieOpenCA$50K$50KJun 30
160ContentSage, Inc. rookieTechTX$45K$100KJul 2
161Autoscope Technologies CorpOpenMN$37K$37KJul 1
162Gate Ready, LLC rookieTechNY$24K$240KJul 3
163Three Amigos Mining Investments LLC rookieOpenMT$20K$12MJul 3
164Bravada Gold CorpOpenIntl$13K$34KJul 3
165FundingHope LLCFinanceIL$10K$10KJul 3
166VECTORMAX CorpTechNY$5K$30MJul 2
167Ferrox Holdings Ltd. rookieOpenIntl$4K$25MJul 3
168TruCelium Inc.OpenIntl$188$188Jul 2