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 42, 2025 (Oct 13–19)

248 companies reported $1.26B in new private raises on Form D in Week 42, 2025 (Oct 13–19). The biggest was Astermont Inc., $100M in the Finance League from Colorado. Applied Dna Sciences Inc ($58M) and Indapta Therapeutics Inc. ($50.8M) rounded out the top three. The Tech League led all leagues with $376M across 65 raises. California topped the state standings with $205M. That is down 41% versus the week before ($2.15B). 152 of the 248 were first-time Form D filers, led by Astermont Inc. ($100M). In the Fund League, 256 funds reported $6.50B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Astermont Inc. rookieFinanceCO$100MindefiniteOct 15
2Applied Dna Sciences IncBio & HealthNY$58M$58MOct 15
3Indapta Therapeutics Inc.TechTX$50.8M$51.6MOct 14
4Spruce Biosciences, Inc.Bio & HealthCA$50M$50MOct 17
57 Star Investments, LLC rookieMain StreetCO$40M$40MOct 14
6Belhaven Biopharma Inc. rookieBio & HealthNC$32.3M$32.3MOct 15
7Viking Partners Fund VI-Q, LLC rookieReal EstateOH$31.1M$100MOct 15
8Luna Parent, Inc. rookieFinanceMO$30M$30MOct 16
9Afh Casa Colibri LP rookieReal EstateCA$27.1M$27.1MOct 16
10Accelsius Holdings LLCTechTX$25M$65MOct 17
11Pheast Therapeutics, Inc.TechCA$24.6M$40MOct 16
12Cole Capital Fund PCC Ltd - Cell B: Oracles CapitalFinanceIntl$24MindefiniteOct 16
13Snowcap Compute Inc. rookieTechCA$23M$23MOct 15
14Solution Energy, Inc. rookieTechTX$21.9M$21.9MOct 15
15Patlytics, Inc. rookieTechNY$21.1M$21.1MOct 16
16T SQRD, Inc.TechCA$20M$20MOct 14
17Peer Global Inc.TechWA$16M$20MOct 15
18Elgh Balterra 590 Acres LLC rookieReal EstateAZ$15.8M$20.8MOct 16
19Ascribe Bioscience Inc.Main StreetNY$15M$15.3MOct 15
20Green Light Beverage, Inc.OpenTX$15M$35MOct 16
21TheGoodEarCompany, Inc. rookieTechNV$15M$15MOct 16
22Medmo, Inc.OpenNY$14.6M$14.6MOct 14
23Affinia Therapeutics Inc.OpenMA$13.3M$45MOct 14
24Rise Mountain Ridge Partners, LLC rookieReal EstateAZ$12.9M$12.9MOct 14
25500 Dekalb Funding L.P. rookieReal EstateNY$12.3M$12.3MOct 16

By league

LeagueRaisedRaises
Tech$376M65
Real Estate$216M55
Finance$209M20
Bio & Health$207M21
Open$162M61
Main Street$87.4M21
Energy$7.2M5

By state

StateRaisedRaises
California$205M34
New York$188M23
Texas$161M27
Colorado$156M7
Massachusetts$57.4M10
Arizona$54.7M9
Washington$48.1M9
North Carolina$47.5M9
International$43.3M13
Ohio$42.1M5
Florida$40.5M17
Missouri$30.7M2
Michigan$20.1M5
Nevada$19M2
Minnesota$18.9M7

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Astermont Inc. rookieFinanceCO$100MindefiniteOct 15
27 Star Investments, LLC rookieMain StreetCO$40M$40MOct 14
3Belhaven Biopharma Inc. rookieBio & HealthNC$32.3M$32.3MOct 15
4Viking Partners Fund VI-Q, LLC rookieReal EstateOH$31.1M$100MOct 15
5Luna Parent, Inc. rookieFinanceMO$30M$30MOct 16
6Afh Casa Colibri LP rookieReal EstateCA$27.1M$27.1MOct 16
7Snowcap Compute Inc. rookieTechCA$23M$23MOct 15
8Solution Energy, Inc. rookieTechTX$21.9M$21.9MOct 15
9Patlytics, Inc. rookieTechNY$21.1M$21.1MOct 16
10Elgh Balterra 590 Acres LLC rookieReal EstateAZ$15.8M$20.8MOct 16

Fund League

$6.50B across 256 funds.

#CompanyStateRaisedRaisingFiled
1Wilshire Bridgewater Managed Alpha Fund LtdIntl$684MindefiniteOct 14
2FCO VI Coinvestment Fund (G) L.P. rookieNY$565MindefiniteOct 15
3Cyberstarts Opportunity Fund II, L.P. rookieIntl$383M$410MOct 14
4Vistria Agua CV, LP rookieIL$373MindefiniteOct 16
5Echo Buyout L.P. rookieIntl$369MindefiniteOct 16
6West Street LP V Co-Investment Partners (C), L.P.NY$351MindefiniteOct 15
7FCO VI Coinvestment Fund (A) L.P. rookieNY$350MindefiniteOct 15
8Wilshire Bridgewater Managed Alpha (Ireland) Fund, a sub fund of Wilshire Solutions ICAVIntl$350MindefiniteOct 14
9BBH Harriman Series, LLC - Venture Capital 2025 Series rookieNY$258MindefiniteOct 14
10Glade Brook Private Investors XLIII LPCT$252MindefiniteOct 15
All 248 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26DiPaoli & Endrizzi LLC rookieOpenWA$12M$12MOct 15
27Yakeey Inc. rookieTechNY$11.9M$11.9MOct 17
28Vicarious Surgical Inc. rookieBio & HealthMA$11.7M$11.7MOct 15
29Recap Financial Ventures, LLC rookieFinanceTN$10.9M$15MOct 17
30Nuclearn Inc.TechAZ$10.6M$12MOct 14
31Kasko Fund I, LLC rookieFinanceME$10.4M$11MOct 14
32Winston Pointe LBC LLC rookieReal EstateTX$10.2M$10.2MOct 14
33Leerink Aggregator LPFinanceMA$10M$10MOct 14
34Pureflow US, LLC rookieOpenNC$10M$10MOct 14
35Finerpoint, Inc.TechNY$10M$10MOct 15
36Airship AI Holdings, Inc.OpenWA$9.7M$9.7MOct 17
37SKYX Platforms Corp.TechFL$9.6M$9.6MOct 17
38Bristol Village IWC HPI LLC rookieReal EstateMN$9.6M$9.6MOct 17
39Polygraf Inc.TechTX$9M$9.5MOct 14
40Zuno Medical, Inc. rookieBio & HealthCA$8.7M$19.9MOct 15
41RGV Hospital Holdings, LLC rookieBio & HealthAZ$8.6M$10MOct 15
42Northlake 35 Land JV, LLC rookieReal EstateWA$8.1M$8.1MOct 17
43AOA DX Inc.Bio & HealthCO$8.1M$30.6MOct 15
44GreenLyne Inc. rookieTechVA$8.1M$8.1MOct 14
45Leegen Investment LLCOpenCA$8MindefiniteOct 16
46Bitcoin Well Inc. rookieFinanceIntl$7.9M$7.9MOct 14
47Spearbit Labs Inc.OpenNY$7.8M$8MOct 14
48Sleuth Insights, Inc. rookieTechCA$7.7M$7.9MOct 17
49Arkea Bio Corp.TechMA$7M$12MOct 14
50FlyUSA, Inc.Main StreetFL$6.8M$7.5MOct 14
51HyperSpectral Corp. rookieTechVA$6.7M$7MOct 15
52AVID Group, Inc. rookieTechTX$6.5M$6.5MOct 15
53Hempel MP Holdings II, LLC rookieReal EstateMN$6M$7MOct 15
54Adoreal, Inc.OpenIL$6M$6MOct 17
55Sovereign Fund V, LLC rookieReal EstateNY$5.8MindefiniteOct 16
56Sovereign Fund V Blocker, LLC rookieReal EstateNY$5.7MindefiniteOct 16
57SLM Class A Investors, LLC rookieReal EstateSC$5.4M$5.4MOct 16
58Even Labs Inc.OpenWI$5.2M$10MOct 15
59CEJ Scottsdale Airpark Corporate Center, LLC rookieReal EstateAZ$5.2M$5.2MOct 14
60BlueWhale Bio, Inc. rookieBio & HealthPA$5M$15MOct 16
61C3 Kentucky LLC rookieOpenMI$5M$8MOct 16
62Deepread Inc. rookieTechIN$5M$5MOct 16
63Dhk Ky LLC rookieOpenMI$5M$8MOct 16
64Djs Ky LLC rookieOpenMI$5M$8MOct 16
65Erh Ky LLC rookieOpenMI$5M$8MOct 16
66Super73, Inc.Main StreetCA$5M$5MOct 16
67Phoenix Ecommerce Technologies Inc rookieOpenFL$5M$5.1MOct 16
68AIScientists, Inc. rookieTechMA$5M$5MOct 17
69Dpr Construction, Inc.Real EstateCA$4.8M$4.8MOct 15
70Adaptiiv Medical Technologies US, Inc. rookieOpenDE$4.7MindefiniteOct 15
71Dpr Construction, Inc.Real EstateCA$4.4M$4.4MOct 15
72Cowboy Clean Fuels, LLCEnergyCO$4.3M$5MOct 15
73F Street Yuma, LLC rookieReal EstateWI$4.2M$4.2MOct 15
74Transformer TX Holdings, LLCBio & HealthTX$4.2M$219MOct 15
75Andium Inc.TechNY$4.1M$5MOct 15
76Scribe Social, Co. rookieTechKS$4.1M$5MOct 17
77Aeon Industries, Inc.Main StreetNV$4M$8MOct 16
78ShelfCycle Inc. rookieTechNY$4M$4.5MOct 14
79Intento, Inc.TechCA$3.9M$6.9MOct 14
80Hydra Host, Inc.TechFL$3.8MindefiniteOct 14
81FlowMode Inc. rookieTechNY$3.8M$4.5MOct 15
82Mesh Digital Services Inc.TechDE$3.8M$3.8MOct 14
83Fresenius Medical Care Conshohocken Home, LLC rookieBio & HealthMA$3.8M$3.8MOct 14
84Greetings from Vienna LLC rookieReal EstateMD$3.7M$3.7MOct 16
85Summit Royalty Corp.OpenIntl$3.5M$3.5MOct 16
86Rudolph/Libbe Companies Inc. rookieReal EstateOH$3.4M$3.4MOct 14
87Vardera Labs Inc.TechMA$3.4M$3.7MOct 14
88Balfour Beatty plc rookieReal EstateIntl$3.4M$3.4MOct 17
89BW Oak Creek LLC rookieReal EstateWI$3.2M$3.2MOct 16
90Viking Partners Fund VI, LLC rookieReal EstateOH$3.2M$100MOct 16
91CIO Group, LLC rookieFinanceNY$3.2M$7MOct 16
92Birdcall Holdings LLCMain StreetCO$3.1M$3.1MOct 16
93MPC FED 2025 NMTC Fund II, LLC rookieReal EstateGA$3.1MindefiniteOct 14
94SWORD Industrial Partners, LLC rookieReal EstateTX$3.1MindefiniteOct 17
952424 State 2 Funding L.P. rookieReal EstateNY$3M$3MOct 16
96First Mutual Holding Co.FinanceOH$3M$3MOct 14
97MAIA Biotechnology, Inc.Bio & HealthIL$3M$7MOct 14
98uplift labs, inc.TechCA$2.9M$7.1MOct 14
99Peregrine Howard Aeroflight, LP rookieOpenLA$2.9M$7MOct 15
100Endurus Court Place, LLC rookieReal EstateMN$2.8M$2.8MOct 14
101Vylit Inc. rookieOpenFL$2.7M$2.7MOct 14
102Scilex Holding CoBio & HealthCA$2.7M$2.7MOct 14
103Self Bill Pro LLCOpenFL$2.6M$4MOct 14
104Exodus Wealth LLC rookieFinanceFL$2.5M$10MOct 16
105AMESA, Inc.TechCA$2.5M$2.5MOct 16
106Zing Coach Inc. rookieTechFL$2.4M$3.6MOct 15
107Clean Cause, Inc.Main StreetTX$2.3M$2.3MOct 15
108Fuelup, Corp.Main StreetUT$2.3M$2.3MOct 15
109Ciba Health, Inc.Bio & HealthNY$2.2M$2.2MOct 17
110Held RE Holdings LLC rookieReal EstateWI$2.2M$2.2MOct 15
111Chronicle Bio, Inc. rookieTechUT$2.2M$3MOct 15
112MP Legacy-6 Investors, LLC rookieReal EstateUT$2.1M$2.5MOct 15
113McM - Big Ben Realty, LLC rookieMain StreetNC$2.1M$2.1MOct 15
114Champion Wellness Holdings, LLCBio & HealthIN$2M$2MOct 14
115Gigaverse Games Inc. rookieOpenDE$2M$3MOct 16
116Pryme Infil, Inc. rookieTechCA$2M$2MOct 16
117Solution Energy Pty LtdTechIntl$2M$2MOct 15
118Acretrader 267, LLC rookieReal EstateAR$1.9M$1.9MOct 16
119electroCore, Inc.Bio & HealthNJ$1.9M$1.9MOct 17
120Defiant Engineering, LLCEnergyTX$1.8M$1.9MOct 15
121SightStream Biotherapeutics, Inc.Bio & HealthMA$1.8M$1.8MOct 16
122Shoppes at Westpark LLC rookieReal EstateTX$1.8M$2.5MOct 15
123Oilfield Outpost II LLC rookieMain StreetTX$1.7M$1.7MOct 15
124Baxter Bozeman Holdings LLLP rookieReal EstateMT$1.7M$10MOct 16
125NROC Security, Inc. rookieTechNY$1.7M$2.8MOct 14
126Big B CorpTechTN$1.6MindefiniteOct 16
127UMT Mack LPOpenTX$1.6M$1.6MOct 15
128MH Management Holdco, LLCFinanceIL$1.6MindefiniteOct 16
129Neurava Inc.TechMD$1.6M$7MOct 16
130Steward Holdings (US), Inc.FinanceOR$1.5M$2.5MOct 15
131FirstHive Tech CorpTechCA$1.5M$1.7MOct 14
132MicroRefrigeration, Inc. rookieOpenCA$1.5M$1.5MOct 15
133Calculum, Inc.OpenFL$1.4M$2.8MOct 14
134McM - Watauga, LLC rookieMain StreetNC$1.4M$1.4MOct 17
135Streamline Technologies Inc. rookieOpenOH$1.4M$5MOct 16
136CP Axcend SPV, LLC rookieTechTX$1.4M$5MOct 16
137TINKA RESOURCES LtdOpenIntl$1.3M$1.3MOct 15
138Tabletop Tycoon, Inc. rookieMain StreetNH$1.2M$20MOct 17
139Krista Software Inc.TechTX$1.2M$7.2MOct 15
140Vanta Group Inc. rookieOpenFL$1.2M$1.2MOct 16
141CSP Parent LLCFinanceVA$1.2M$1.2MOct 17
142Warner Music Group Corp.OpenNY$1.2MindefiniteOct 14
143AeroNimble Corp rookieMain StreetVA$1.1MindefiniteOct 16
144Harvest Thermal, Inc.OpenCA$1.1M$1.1MOct 16
145BBE Keystone Fund, LP rookieReal EstateNY$1MindefiniteOct 17
146LexMed, Inc. rookieOpenAR$1M$1MOct 15
147MedVector CorpBio & HealthCA$1M$1MOct 16
148Mekiri Bio, Inc. rookieBio & HealthMA$1M$2MOct 16
149AH-DTS-00024732, LLC rookieReal EstateTX$972K$972KOct 14
150Norwalk Outdoors, LLC rookieReal EstateAZ$960K$3MOct 15
151Highland Legacy Capital LLC rookieFinanceTX$890K$890KOct 14
152Actelis Networks IncTechCA$850K$850KOct 14
1532425 Durant Partners LLC rookieReal EstateCA$800K$32.2MOct 15
154Kauai Condos EB5 Phase One, LLC rookieFinanceWA$800K$150MOct 17
155BlackBoiler, Inc.TechVA$750K$1.4MOct 14
156Eiwa Holdings CorpTechMO$730K$1MOct 16
157Fortescue Park H LLC rookieReal EstateNY$710K$710KOct 17
158Northlake Land Co-Investment, LLC rookieReal EstateWA$690K$690KOct 17
159Woodford Partnership 86, LP rookieEnergyTX$660K$1.5MOct 16
160Vadera Capital CorpFinanceFL$643K$60MOct 16
161Oglethorpe Landing PH2, LLC rookieReal EstateGA$640K$640KOct 14
162Cameron High Grove Farms II, LLC rookieReal EstateNC$625K$50MOct 16
163QodeX Quantum, Inc. rookieTechIL$575K$1.5MOct 17
164WorkHack, Inc.TechDE$566K$566KOct 14
165Sift Media, Inc.TechNC$507K$507KOct 16
166Bahari Analytics, Inc. rookieOpenAL$500K$1.5MOct 17
167Lumora Clinic Services LLC rookieMain StreetMS$500K$600KOct 14
168Kuzana IncTechWA$457KindefiniteOct 17
169NatGold Digital Ltd.TechFL$456K$456KOct 15
170Don't Tell My Wife Stables 2025 LLC rookieOpenTX$438K$500KOct 15
171Phenom Resources Corp.OpenIntl$424K$1.1MOct 16
172Astra Exploration Inc.OpenIntl$415K$415KOct 14
173Storyteller Partners 2025, LLC rookieOpenKY$400K$400KOct 15
174GelMEDIX, Inc.Bio & HealthMA$397K$397KOct 14
175ROBRA Solutions LLC rookieTechFL$380K$1.2MOct 16
176Donum Charitable Lending Fund 1 LLC rookieFinanceFL$365K$400MOct 14
177Brooklyn Dumpling Parent Holdings, Inc.OpenNJ$350K$350KOct 14
178Next Gen Professionals, LLC rookieOpenFL$350K$4.2MOct 15
179LenderSquared, inc rookieTechCA$335KindefiniteOct 16
180Naiad Inc. rookieTechAL$320K$2MOct 14
181Bardot, Inc.OpenNC$319K$319KOct 15
182Get Outdoor App Tech LLC rookieTechWI$312K$3.2MOct 14
183King Therapeutics LLC rookieOpenAZ$310K$500KOct 15
184Self-Storage Tech LLCReal EstateID$300K$30MOct 16
1851654 Veterans Blvd Sevierville TN LLC rookieReal EstateUT$280K$280KOct 15
186Gaston Oloyo, LP rookieMain StreetTX$275K$2MOct 14
187Helia Care, Inc.OpenAZ$271K$3MOct 14
188World Spire Consulting LLC rookieMain StreetWY$250K$4.5MOct 15
189Airways Holdings, Inc. rookieTechWA$230K$300KOct 16
1905903 Median Rd Austin, LLC rookieReal EstateUT$225K$225KOct 15
191Immunoprofile, LLCBio & HealthFL$225K$1MOct 16
192Crown Arkoma #2 Joint Venture rookieEnergyTX$202K$5.9MOct 16
193Bot Image, Inc.OpenNE$200K$2MOct 16
194YourSpace America QOF IV, LLC rookieReal EstateCA$190K$6MOct 14
195Wytec International IncTechTX$181K$181KOct 14
196Orosur Mining Inc. rookieOpenIntl$179K$179KOct 15
197Five18 Strategic Ventures Inc. rookieTechNY$170K$500KOct 16
1988400 Maine Drive, LLC rookieReal EstateUT$150K$150KOct 15
199987 S Stingaree Drive Crystal Beach TX LLC rookieReal EstateUT$150K$150KOct 15
200Delta-S Energy, Inc.EnergyCA$150KindefiniteOct 16
201SSF21 LLC rookieReal EstateID$150K$30MOct 16
202Homekick, Inc. rookieOpenNC$141K$426KOct 14
203Morfoo, LLC rookieOpenNC$141K$426KOct 14
204Gsf 2025-AXMF1 REIT LLC rookieReal EstateNY$125K$125KOct 17
205Ntt Dcr US REIT, LLC rookieReal EstateCA$124K$124KOct 14
206Salute Sub REIT I LLC rookieReal EstateMN$124K$125KOct 15
207Salute Sub REIT II LLC rookieReal EstateMN$124K$125KOct 15
208Salute Sub REIT III LLC rookieReal EstateMN$124K$125KOct 15
209Salute Sub REIT IV LLC rookieReal EstateMN$124K$125KOct 15
210Series 21-4, a series of StartEngine Private LLC rookieOpenCA$119K$1.5MOct 15
211One Roq Spirits, LLCOpenNY$109KindefiniteOct 14
212Brooklyn Dumpling Parent Holdings, Inc.OpenNJ$100K$100KOct 14
213Hi & Mighty LLCOpenIN$100K$100KOct 17
214Imagen Dental Partners, LLCBio & HealthAZ$100K$100KOct 14
215Pry Cap Ltd rookieFinanceCO$100KindefiniteOct 17
216ZunePok Ltd rookieFinanceCO$100KindefiniteOct 17
217Pacifica Silver Corp. rookieOpenIntl$94K$169KOct 15
218Style Media Corp rookieOpenTX$90K$150KOct 15
219Tokidoki Brewing, LLC rookieMain StreetMT$90K$90KOct 17
220Metrolla Inc.TechWA$88K$400KOct 17
221894 N Grand Ave Atlanta LLC rookieReal EstateUT$80K$80KOct 15
222Fan Health Network, LLC rookieTechTX$80K$2MOct 17
223Domestic Metals Corp. rookieOpenIntl$63K$251KOct 16
224ML Windmill MF REIT, LLC rookieReal EstateNJ$62K$62KOct 17
225Series 58-1, a series of StartEngine Private LLC rookieOpenCA$62K$375KOct 15
226ZMD Acquisitions, LLC rookieMain StreetMI$60K$350KOct 15
227Accend Group Holdings, Inc.OpenUT$50K$50KOct 16
228Bloc Wines, Inc. rookieMain StreetCA$50KindefiniteOct 17
229Conquiro, Inc. rookieTechVA$50K$600KOct 14
230DP36 LLC rookieReal EstateGA$50K$3MOct 16
231Influxious Inc rookieOpenTX$50K$1MOct 15
232Scavtopia LLC rookieTechCA$50K$250KOct 15
233Collect Awesome, Inc.Main StreetCA$47K$1.1MOct 15
234Gold Strike Resources Corp.OpenIntl$43K$77KOct 14
235Chirp Enterprises Inc. rookieTechFL$30K$200KOct 17
236Pacifica Silver Corp. rookieOpenIntl$26K$26KOct 15
237Beyond The Checkout Inc. rookieTechDE$25K$200KOct 14
238Harlem Box Braids Development Ltd Liability Co rookieOpenCA$25K$400KOct 14
239Intangible Technology Inc.TechCA$25K$2MOct 17
240Dahls Landscape & Design LLC rookieOpenWI$20K$20KOct 14
241Fornidos Home Systems, Inc. rookieOpenTX$20K$150KOct 15
242Reed AI Ventures Inc.OpenPA$20K$500KOct 16
243Produce Now Farming Inc rookieMain StreetOK$10K$2MOct 17
244RunAnywhere, Inc. rookieTechCA$10K$1MOct 16
245Living Tale Series Productions, LLCOpenMT$5K$750KOct 14
246TS Investors, LLCFinancePA$4K$40KOct 16
247Cowrie Creek, Inc. rookieTechDE$4K$500KOct 15
248Stride Development Public Benefit Corp rookieReal EstateND$613$613Oct 15