Weekly recap

Biggest private raises: Week 38, 2025 (Sep 15–21)

220 companies reported $4.36B in new private raises on Form D in Week 38, 2025 (Sep 15–21). The biggest was Wonder Group, Inc., $1.14B in the Main Street League from New York. Pacific Life Insurance Co ($717M) and ETHZilla Corp ($425M) rounded out the top three. The Main Street League led all leagues with $1.15B across 12 raises. New York topped the state standings with $1.46B. That is up 61% versus the week before ($2.70B). 140 of the 220 were first-time Form D filers, led by Pineapple Financial Inc. ($100M). In the Fund League, 221 funds reported $4.36B.