Weekly recap

Biggest private raises: Week 39, 2025 (Sep 22–28)

267 companies reported $4.48B in new private raises on Form D in Week 39, 2025 (Sep 22–28). The biggest was Forward Industries, Inc., $1.65B in the Open League from New York. Databricks, Inc. ($955M) and Capital Rx, Inc. ($231M) rounded out the top three. The Open League led all leagues with $2.11B across 60 raises. New York topped the state standings with $2.23B. That is up 3% versus the week before ($4.36B). 174 of the 267 were first-time Form D filers, led by KB Houston Travel Center, DST ($53.5M). In the Fund League, 271 funds reported $8.86B.