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 46, 2025 (Nov 10–16)

227 companies reported $2.66B in new private raises on Form D in Week 46, 2025 (Nov 10–16). The biggest was SFF Realty Fund V, L.P., $292M in the Real Estate League from California. Metropolitan Tower Life Insurance Co ($287M) and Enterprise Housing Partners 48 Limited Partnership ($226M) rounded out the top three. The Real Estate League led all leagues with $766M across 53 raises. California topped the state standings with $846M. That is up 3% versus the week before ($2.59B). 122 of the 227 were first-time Form D filers, led by SFF Realty Fund V, L.P. ($292M). In the Fund League, 223 funds reported $4.06B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1SFF Realty Fund V, L.P. rookieReal EstateCA$292MindefiniteNov 14
2Metropolitan Tower Life Insurance CoFinanceNE$287MindefiniteNov 10
3Enterprise Housing Partners 48 Limited Partnership rookieReal EstateMD$226M$226MNov 13
4Foundry-Logic, Inc. rookieEnergyDC$166M$200MNov 12
5KoBold Metals CoOpenCA$163M$200MNov 14
6Legora, Inc.TechDE$150M$150MNov 13
7Nomos AI, Inc.TechNY$103M$103MNov 14
8Colorado Holdco rookieOpenIntl$88.1MindefiniteNov 14
9Cardone Equity Fund 27, LLC rookieReal EstateFL$66M$250MNov 10
10OneAZ Credit Union rookieFinanceAZ$65M$65MNov 14
11Rani Therapeutics Holdings, Inc. rookieBio & HealthCA$60.3M$60.3MNov 10
12Octane Lending, Inc.OpenNY$57.2M$57.2MNov 12
13Movandi CorpTechCA$41.2M$51.2MNov 14
14Foxglove Technologies Inc.TechCA$39.3M$40MNov 13
15Maybell Quantum Industries, Inc.TechCO$38.5M$38.5MNov 12
16Code Metal, Inc.TechMA$36.5M$36.5MNov 13
17US Metro Bancorp, Inc.FinanceCA$31.9M$31.9MNov 13
18Climate First Bancorp, Inc.FinanceFL$30M$30MNov 14
19Westrock Coffee CoMain StreetAR$30M$30MNov 12
20Saluda Medical, Inc.Bio & HealthMN$30M$30MNov 12
21PCIH Series 17 a Series of Piedmont Capital Investment Holdings, LLC rookieFinanceNC$26M$26MNov 10
22Duration Group Holdings LLC rookieMain StreetCA$23.1M$25MNov 10
23Super League Enterprise, Inc.TechCA$20M$20MNov 12
24Rythm Health, Inc.Bio & HealthCA$19.3M$20.7MNov 13
25Azra Games Inc.TechCA$18.9M$31MNov 12

By league

LeagueRaisedRaises
Real Estate$766M53
Tech$558M47
Finance$517M29
Open$402M58
Energy$185M6
Bio & Health$169M25
Main Street$64.5M9

By state

StateRaisedRaises
California$846M49
Nebraska$287M1
Maryland$230M2
New York$187M18
District of Columbia$166M1
Delaware$160M8
Florida$139M14
International$103M10
Colorado$75.8M10
Arizona$69M7
Massachusetts$64.4M6
Minnesota$45.4M6
Arkansas$44.7M3
Wisconsin$40.9M6
North Carolina$37.5M9

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1SFF Realty Fund V, L.P. rookieReal EstateCA$292MindefiniteNov 14
2Enterprise Housing Partners 48 Limited Partnership rookieReal EstateMD$226M$226MNov 13
3Foundry-Logic, Inc. rookieEnergyDC$166M$200MNov 12
4Colorado Holdco rookieOpenIntl$88.1MindefiniteNov 14
5Cardone Equity Fund 27, LLC rookieReal EstateFL$66M$250MNov 10
6OneAZ Credit Union rookieFinanceAZ$65M$65MNov 14
7Rani Therapeutics Holdings, Inc. rookieBio & HealthCA$60.3M$60.3MNov 10
8PCIH Series 17 a Series of Piedmont Capital Investment Holdings, LLC rookieFinanceNC$26M$26MNov 10
9Duration Group Holdings LLC rookieMain StreetCA$23.1M$25MNov 10
10SO VI Sunset Key Co-Invest, LLC rookieReal EstateFL$16M$16MNov 13

Fund League

$4.06B across 223 funds.

#CompanyStateRaisedRaisingFiled
1Aspex Master Access Offshore Ltd rookieNY$306MindefiniteNov 10
2Golden Bell Partners Fund VI, LP rookieVA$185MindefiniteNov 13
3Elemental AI Growth V, LP rookieIntl$175M$175MNov 14
4Vintage X (Flagship) Offshore LP rookieNY$172MindefiniteNov 13
5Expedition Growth Capital III LP rookieIntl$172M$172MNov 14
6Gotham Triple Exchange Fund LP rookieNY$163MindefiniteNov 10
7Arini Diversified Alpha International Fund LP rookieIntl$148MindefiniteNov 14
8Vintage Infrastructure Partners II LP rookieNY$146MindefiniteNov 10
9Ashoka WhiteOak Emerging Markets Equity Ex China Fund rookieIntl$125MindefiniteNov 13
10Tembo Capital Mining Fund IV LP rookieIntl$116M$500MNov 14
All 227 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26SO VI Sunset Key Co-Invest, LLC rookieReal EstateFL$16M$16MNov 13
27Notarize, Inc.TechMA$15.7M$130MNov 12
28Endolith Inc.EnergyCO$13.8M$16.8MNov 12
29Bespoke Industrial Evergreen Income Fund, LP rookieReal EstateCO$13.7MindefiniteNov 10
30RL Investment Group LLCFinanceFL$12.5M$12.5MNov 14
31Coastal Carolina Bancshares, Inc.FinanceSC$12M$12MNov 10
32Caisson Elmwood Owner, LP rookieReal EstateAR$11.8M$11.8MNov 13
33HFS Waco Apartments, LP rookieReal EstateTX$11.1M$11.1MNov 13
343LP Crystal Lake MM LLC rookieReal EstateWI$10.8M$19MNov 12
35Matador Technologies Inc.OpenIntl$10.5M$11MNov 14
36F Street 92, LLC rookieReal EstateWI$10.4M$11.3MNov 13
37Timberland Zen Garden LLC rookieReal EstateMN$10.1M$10.1MNov 14
38Datum Technology, Inc.TechNY$10M$10MNov 13
39EJJ HealthTech, Inc.TechWI$10M$10MNov 13
40Jelou, Inc.TechOR$10M$10MNov 13
41Known Co. rookieTechCA$9.5M$9.8MNov 13
42Pacific Castle Fund I, LPReal EstateCA$9.5M$100MNov 14
43One Astor Holdings, LLC rookieReal EstateWI$9.3M$9.3MNov 14
44Upward Financial Inc.FinanceWA$9M$9.1MNov 10
45OG Magnolia Preserve Holdings, LLC rookieReal EstateAL$9M$9MNov 14
46Brookstone Apts Holdings LLC rookieReal EstateMI$8.5M$8.5MNov 14
47ISOThrive Inc.Bio & HealthCA$8.1M$9.8MNov 14
48Narada AI Inc.TechCA$8.1M$8.1MNov 10
49Femasys IncBio & HealthGA$8M$12MNov 14
50Alec's Ice Cream, Inc.OpenCA$8M$8MNov 12
51Functional Brands Inc.Bio & HealthOR$8M$8MNov 10
52Post Elliot Baymeadows Partners, LLC rookieFinanceCA$7.5M$7.5MNov 13
53East Gate SPE, LLCReal EstateCA$7.5M$7.5MNov 10
54Post Oak Park Monrovia Partners, LLC rookieFinanceCA$7M$7MNov 12
55Rise Gold Corp.OpenCA$6.7M$18.7MNov 10
56Odyssey Wellness LLCOpenFL$6.7M$12MNov 13
57Cellens, Inc.Bio & HealthMA$6.4M$6.4MNov 14
58Gs Assets IV LLC rookieReal EstateCA$6.2M$6.2MNov 10
59Bursera Onshore LLC rookieOpenPA$6M$30MNov 14
60LIT Financial Corporation, Inc.FinanceMI$6M$10MNov 10
61Seezo Inc. rookieTechCA$5.3M$8.1MNov 12
62AiStrike, Inc. rookieTechCA$5.1M$7.1MNov 12
63SeaVees Footwear, Inc. rookieMain StreetCA$5M$6.6MNov 13
64Global Critical Resources Corp rookieOpenDE$5MindefiniteNov 12
65Levee Medical, Inc.Bio & HealthNC$4.5M$10MNov 12
66Vibrant Planet, PBCOpenCA$4.3M$7.5MNov 12
6718425 Wheeler Rd - Investors, LLC rookieReal EstateIN$4.2M$4.2MNov 12
68Elixirgen Therapeutics, Inc.Bio & HealthMD$4M$4MNov 13
69Liminal AI, Inc. rookieTechIN$4M$5.5MNov 13
70Perelel Inc.OpenCA$4M$4MNov 14
71SPC North Carolina Portfolio LLC rookieReal EstateMN$3.9M$3.9MNov 12
72Quantum Eretz LLC rookieFinanceNY$3.9M$3.9MNov 13
73Commenda Technologies, Inc.TechCA$3.8M$3.8MNov 14
74Presidential Suites & Storage, LLC rookieReal EstateGA$3.8M$7MNov 12
75Artelo Biosciences, Inc.Bio & HealthCA$3.7M$3.7MNov 10
76Corvex Holdings, LLC rookieOpenFL$3.6M$4MNov 12
77OCIP Interconnect 5, LLC rookieOpenGA$3.6M$5.5MNov 10
78VRGL, Inc.TechTX$3.6M$6MNov 10
79Helios ZincFive Partners VIII, LLC rookieFinanceCO$3.5M$3.5MNov 13
80Majestic Emerald, LLC rookieReal EstateOH$3.5M$3.5MNov 12
81Lineage Technologies, Inc. rookieReal EstateSC$3.5M$4MNov 13
82Abramson Brothers Fund, LPReal EstateNY$3.3M$25MNov 12
83Model Medicines, Inc.OpenCA$3.3M$5MNov 14
84Open EB5 MidTown Pharr Fund LLC rookieFinanceTX$3.2M$10.4MNov 12
85Alec's Ice Cream, Inc.OpenCA$3.2M$3.2MNov 12
86AllVoices Holding Co.TechCA$3M$4MNov 14
87Atomic Data Sciences, Inc. rookieTechMA$3M$4MNov 12
88Acretrader 266, LLC rookieReal EstateAR$2.9M$2.9MNov 12
89Conexeu Sciences Inc.Bio & HealthNV$2.9M$2.9MNov 13
90Tynt Technologies, Inc.TechCO$2.7M$2.7MNov 14
91Thrivable Inc.OpenOH$2.7M$3.5MNov 13
92Nodding Donkey Oil & Gas Investments, LLC rookieEnergyOK$2.7M$3MNov 13
93OPX2025 Polymarket, a Series of Opulentia Ventures X LLC rookieFinanceVA$2.6M$2.6MNov 13
94AecorBio Inc. rookieBio & HealthCA$2.5M$2.5MNov 12
95Eg AI Corp rookieTechTX$2.4M$6MNov 14
96AC Dominion, LLC rookieReal EstateNC$2.3M$2.3MNov 12
97Micro Medical Solutions, Inc.OpenMA$2.3M$14MNov 13
98Psv Multipli Investors, LLC rookieMain StreetCA$2M$2.2MNov 13
99OREP Knoll Crest JV LLC rookieReal EstateCA$2MindefiniteNov 10
100Round 2 Holdings, LLC rookieMain StreetOK$2M$2MNov 12
101Stationwise, Inc.TechCA$2M$2.2MNov 12
102IP Web Inc.OpenNY$2M$2.5MNov 14
103Marlow Group LLC rookieMain StreetMI$1.9M$2MNov 13
104Neptune Topco Holdings, LLCOpenTX$1.9M$1.9MNov 13
105Alexander Capital Ventures LLCFinanceNJ$1.8M$1.8MNov 12
106Tilled, Inc.TechCO$1.7M$4MNov 14
107IsoBio, Inc. rookieBio & HealthPA$1.7M$3MNov 14
108Isaiah Mhc Investors LLC rookieReal EstateDE$1.7M$1.7MNov 10
109Defense Metals Corp.OpenIntl$1.7M$2.9MNov 14
110Midnight Sun Mining Corp.OpenIntl$1.5M$2.7MNov 12
111Open Doors Partners, LLCOpenCA$1.5M$1.5MNov 10
11211-21 E. First Street Bubble LLC rookieReal EstateIL$1.5M$1.5MNov 10
113ALG North Carolina Portfolio LLC rookieReal EstateAZ$1.5M$2.5MNov 12
114RxSaveCard, Inc. rookieBio & HealthIL$1.5MindefiniteNov 10
115Texian Capital, LLC rookieFinanceTX$1.5M$1.5MNov 14
116TuHURA Biosciences, Inc./NVBio & HealthFL$1.5M$3MNov 10
117PIPr Therapeutics, Inc.Bio & HealthNC$1.5M$2.5MNov 12
118Phio Pharmaceuticals Corp.Bio & HealthPA$1.4M$25.9MNov 12
119AAI - North Carolina Portfolio LLC rookieReal EstateTX$1.4M$1.5MNov 12
120Gip Property 103 llc rookieReal EstateCA$1.4M$1.4MNov 14
121Medical Rx One, Inc. rookieOpenNY$1.4M$1.4MNov 13
122Paulson Capital Holding Company, LLCFinanceOR$1.3M$1.3MNov 13
123TeleTeachers, Inc.OpenIL$1.3M$1.8MNov 14
124EPALEX CorpBio & HealthCA$1.2M$3.2MNov 10
125Gi Property 100 llc rookieReal EstateCA$1.2M$1.2MNov 14
126Kvc VIII LLC rookieFinancePA$1.1M$1.5MNov 14
127Carolina Molecular Inc. rookieBio & HealthNC$1.1M$1.7MNov 13
128GS Finance Corp.FinanceNY$1.1M$1.1MNov 13
129Brookside 1031 LLC rookieReal EstateDE$1.1M$1.4MNov 14
130Stellar Placement Holdings LLC, Series 4S rookieTechNV$1MindefiniteNov 12
131Artet Group Investors IV, LLC rookieOpenNY$1M$2MNov 12
132Althea Technologies PBCTechCO$1M$1MNov 10
133Challenger Hospitality Investments, LLC rookieReal EstateFL$1M$4.5MNov 13
134Definition Opportunity VI LLCOpenNY$1M$1MNov 13
135Incentiv, Inc.TechNY$1M$1MNov 13
136Roers Cottage Grove Apartments LLC rookieReal EstateMN$1MindefiniteNov 13
137Tucker Bayou Investments, LLC rookieReal EstateFL$1M$2.5MNov 14
138TSO 10 Well Joint Venture rookieEnergyTX$995K$2.4MNov 12
139Series 35-2, a series of StartEngine Private LLC rookieOpenCA$935K$1.1MNov 14
1405055 Fort Apache Fund, LLCReal EstateAZ$860K$7.5MNov 13
141Safe Robotics, Inc. rookieTechDE$809K$809KNov 12
142PCI Power, LLCFinanceNC$808K$808KNov 10
1436828 Fulton Avenue LLC rookieReal EstateCA$804K$1.3MNov 14
144Azusa Investors LLCReal EstateCA$789K$789KNov 13
145Modal Motors Inc. rookieTechMI$764K$2.1MNov 13
146Paxafe, Inc.TechIN$750K$1.5MNov 13
147RC DuvallMUF LLC rookieReal EstateWA$750K$2MNov 14
148Highland Myco LLC rookieOpenNC$738K$2.8MNov 14
149Alexander Capital Ventures LLCFinanceNJ$700K$700KNov 12
150Defined Brand, Inc. rookieOpenTX$686K$710KNov 14
151Iron Lilly, LLC rookieOpenTN$675K$3MNov 12
152Met Partners II LLC rookieOpenNY$675K$675KNov 13
153Open Doors Partners, LLCOpenCA$660K$660KNov 13
154Noogs, Inc. rookieOpenDE$550K$550KNov 12
155OC Xcimer Partners, LLC rookieOpenGA$550K$1.2MNov 10
156HydroGraph Clean Power Inc. rookieEnergyIntl$536K$536KNov 13
157TearSolutions, Inc.Bio & HealthVA$517K$517KNov 10
158ECM Fund 62 LLC rookieReal EstateAZ$501K$2.5MNov 12
159Boston Common International Social Fund LLCFinanceMA$500K$50MNov 10
160Docuverus, Inc.TechNJ$500K$500KNov 13
161Opendate, Inc.TechIN$500K$500KNov 14
162Stream Pay Platforms Africa Inc. rookieOpenDE$500K$500KNov 14
163AZJAH36 LLC rookieOpenAZ$481K$481KNov 13
164BioLoomics, Inc.OpenCO$450K$2MNov 10
165Apollo Asset Backed Credit Co LLCOpenNY$440K$440KNov 12
166Ship Calm LLC rookieOpenCA$435K$6MNov 14
167Automated Genius Labs, Inc. rookieTechMO$433K$2MNov 10
168Sphere Newco, Inc.TechDE$412K$15MNov 14
169AZJAH34 LLC rookieOpenAZ$401K$401KNov 12
170Avalor SPV 1, LLC rookieReal EstateTX$400K$5MNov 10
171Really Good Oranges Ltd Liability Co rookieOpenNY$400K$5.8MNov 13
172VisitIQ Corp. rookieTechMN$391K$391KNov 12
173HWMC Gainesville, LLC rookieReal EstateGA$375K$5.5MNov 13
174OVC Fund 9 LLC rookieReal EstateOR$375K$500KNov 12
175Dove Trails Wurzbach, LLC rookieReal EstateTX$350K$3.2MNov 14
176601 W Markham SL, LP rookieReal EstateNC$320K$320KNov 13
177Origins AI Inc rookieTechNY$300KindefiniteNov 10
178Different Kind, Inc.TechCO$300K$1MNov 10
179AZJAH35 LLC rookieOpenAZ$298K$298KNov 12
180Siouxland Splash, L.L.C.Real EstateIA$265K$5.5MNov 14
181WEM 1507 Tucker, LLC rookieReal EstateNC$251K$251KNov 12
182Atlas Structures, LLC rookieMain StreetTX$250K$2MNov 10
183Technova Industries Inc.TechWI$250K$1MNov 10
184Appion Solutions, Inc.TechWI$235K$235KNov 12
185HMDG Mt. Juliet, LLCReal EstateTN$224K$2.3MNov 14
186Fortune Bay Corp.OpenIntl$214K$214KNov 13
187Waterline Development Corp rookieTechCA$214KindefiniteNov 10
188Realai, Inc. rookieTechTX$200K$200KNov 12
189Deinde Medical Corp.Bio & HealthFL$185K$2MNov 12
190Qedlv LLC rookieFinanceFL$158K$25MNov 13
191Banzai International, Inc.TechWA$150K$300KNov 12
192Prometheus Therapeutics Inc.Bio & HealthFL$130K$5MNov 12
193Dionysus LLC rookieTechID$120K$130KNov 14
194Retinex, Inc. rookieTechTX$120K$1MNov 10
195Standard Dental Labs Inc. rookieOpenFL$118K$750KNov 12
196BANCEX Capital Ltd rookieFinanceNY$100KindefiniteNov 10
197First Street Properties, LLC rookieReal EstateIA$100K$1.6MNov 13
198IronTrust Ltd rookieFinanceNY$100KindefiniteNov 10
199OCIP Interconnect 4, LLC rookieOpenGA$100K$3MNov 10
200South Star Battery Metals Corp.OpenIntl$100K$233KNov 10
201Speaking Roses Global, Inc.OpenUT$100K$5MNov 14
202Wizards & Misfits, Inc. rookieTechMN$100K$750KNov 14
203Tiger Gold Corp. rookieOpenIntl$100K$100KNov 12
204Neptune Management Holdings, LLCOpenTX$88K$88KNov 13
205GS Finance Corp.FinanceNY$87K$87KNov 13
206Series 8-2, a series of StartEngine Private LLC rookieOpenCA$85K$1.9MNov 13
20718425 Wheeler Rd - Capital Partners, LLC rookieReal EstateIN$80K$80KNov 12
208Triple Espresso Corp rookieMain StreetCA$70KindefiniteNov 12
209Stellar Employees Series EPV VI, LLC rookieReal EstateUT$62K$62KNov 14
210BuildWitt, Inc.TechTN$50K$3MNov 12
211OCIP IXDC Texas, LLC rookieOpenGA$50K$5MNov 10
212Watershed Equity Fund, LLC rookieReal EstateWA$50K$4MNov 10
213Texas Health Surgery Center Chisolm Trail, LLCBio & HealthTX$49K$663KNov 14
214Silver Bow Mining Corp.OpenMT$47K$84KNov 14
215Ares Strategic Mining Inc.OpenIntl$41K$41KNov 10
216Engelwood Cliffs Surgery Center, LLCBio & HealthAL$40K$40KNov 14
217MyndTec Inc.OpenIntl$38K$60KNov 12
218Signature Holdings CorpMain StreetFL$36K$39KNov 14
219Milestone Gynomics Corp. rookieBio & HealthCA$34KindefiniteNov 14
220Allied Resource Partners Cascade, LP rookieFinanceCO$30K$1.5MNov 13
221ProSo, LLC rookieOpenSC$30K$500KNov 13
222Total Horizontal Partners 25-26 rookieEnergyOK$30K$25MNov 13
223Silver Bow Mining Corp.OpenMT$27K$45KNov 14
224Up Piv Holdings, LLC rookieReal EstateCA$25K$2MNov 12
225Silver Bow Mining Corp.OpenMT$14K$35KNov 14
226Salvation Investments, LLCOpenTX$13K$500KNov 14
227Pine Tree State Fund, LLC rookieFinanceCA$5KindefiniteNov 12