Weekly recap

Biggest private raises: Week 47, 2025 (Nov 17–23)

228 companies reported $2.29B in new private raises on Form D in Week 47, 2025 (Nov 17–23). The biggest was Castelion Corp, $360M in the Tech League from California. Celero Communications, Inc. ($100M) and Navitas Semiconductor Corp ($100M) rounded out the top three. The Tech League led all leagues with $1.17B across 64 raises. California topped the state standings with $1.22B. That is down 14% versus the week before ($2.66B). 144 of the 228 were first-time Form D filers, led by Navitas Semiconductor Corp ($100M). In the Fund League, 197 funds reported $9.91B.