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 8, 2026 (Feb 16–22)

227 companies reported $2.54B in new private raises on Form D in Week 8, 2026 (Feb 16–22). The biggest was Mercor.io Corp, $330M in the Tech League from California. Thompson Thrift 2026 Multifamily Development, LP ($222M) and Bancar Technologies Ltd ($195M) rounded out the top three. The Tech League led all leagues with $973M across 59 raises. California topped the state standings with $725M. That is up 101% versus the week before ($1.26B). 131 of the 227 were first-time Form D filers, led by Thompson Thrift 2026 Multifamily Development, LP ($222M). In the Fund League, 229 funds reported $6.67B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Mercor.io CorpTechCA$330M$330MFeb 18
2Thompson Thrift 2026 Multifamily Development, LP rookieReal EstateIN$222M$222MFeb 19
3Bancar Technologies LtdTechIntl$195M$204MFeb 19
4Heron Power Electronics CoMain StreetCA$138M$140MFeb 20
5Iliad Biotechnologies, Inc. rookieBio & HealthFL$116M$116MFeb 20
6Deep Fission, Inc.EnergyCA$80M$80MFeb 18
7East Texas Financial Corp /tx/ rookieFinanceTX$59.1M$59.1MFeb 17
8Eve Nexus Inc. rookieMain StreetNJ$58.3M$60.3MFeb 19
9Chowbus, Inc.TechIL$56.3M$56.6MFeb 19
10Lexicon Pharmaceuticals, Inc.Bio & HealthTX$55.7M$59.1MFeb 17
11Big Shot Pictures Inc. rookieOpenCA$55.5M$100MFeb 20
12Reliable Community Bancshares IncFinanceMO$55M$55MFeb 20
13Merion Multifamily Fund IV, L.P. rookieReal EstatePA$50M$50MFeb 20
14CRB Group, Inc.FinanceNJ$50M$72.2MFeb 19
15Docspot (1-4) LLC rookieTechTX$43.5M$60MFeb 19
16Doc Gpt (1-4) LLC rookieTechTX$42M$60MFeb 19
17Gather AI, Inc.TechPA$40M$40MFeb 18
18Preservation Fund IV LLP rookieReal EstateFL$33.8M$100MFeb 19
19Lincoln Bancorp /ia/FinanceIA$33.5M$33.5MFeb 20
20Brutten Private Access II, LP rookieReal EstateCA$31.9M$200MFeb 17
21S2C REIT Holdco I, LLC rookieReal EstateTX$30.4M$77MFeb 19
22PAVmed Inc.Bio & HealthNY$30M$60MFeb 17
23WorkPerks (1-13), LLC rookieTechTX$28.1M$32MFeb 18
24GIBO HOLDINGS LtdTechIntl$26.2M$26.2MFeb 20
25PerksHub (1-13), LLC rookieTechTX$26M$26MFeb 18

By league

LeagueRaisedRaises
Tech$973M59
Real Estate$492M41
Finance$274M19
Bio & Health$269M31
Main Street$245M18
Open$184M51
Energy$103M8

By state

StateRaisedRaises
California$725M29
Texas$333M22
International$289M24
Indiana$224M5
Florida$164M9
Pennsylvania$116M6
New Jersey$116M5
New York$104M14
Illinois$77.7M5
Missouri$56.1M2
Iowa$35.5M2
Virginia$31.2M7
Georgia$29.2M3
District of Columbia$23.2M2
Delaware$22.7M9

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Thompson Thrift 2026 Multifamily Development, LP rookieReal EstateIN$222M$222MFeb 19
2Iliad Biotechnologies, Inc. rookieBio & HealthFL$116M$116MFeb 20
3East Texas Financial Corp /tx/ rookieFinanceTX$59.1M$59.1MFeb 17
4Eve Nexus Inc. rookieMain StreetNJ$58.3M$60.3MFeb 19
5Big Shot Pictures Inc. rookieOpenCA$55.5M$100MFeb 20
6Merion Multifamily Fund IV, L.P. rookieReal EstatePA$50M$50MFeb 20
7Docspot (1-4) LLC rookieTechTX$43.5M$60MFeb 19
8Doc Gpt (1-4) LLC rookieTechTX$42M$60MFeb 19
9Preservation Fund IV LLP rookieReal EstateFL$33.8M$100MFeb 19
10Brutten Private Access II, LP rookieReal EstateCA$31.9M$200MFeb 17

Fund League

$6.67B across 229 funds.

#CompanyStateRaisedRaisingFiled
1Battery Ventures XV, L.P. rookieMA$3.25B$3.25BFeb 18
2iSAM Vector B Ltd rookieIntl$435MindefiniteFeb 18
3DAP Investors LP rookieNY$279MindefiniteFeb 20
4Blueline Capital F&F Fund I, LP rookieCA$240M$240MFeb 20
5Blueline Capital Parallel Fund I, LP rookieCA$238M$240MFeb 20
6Baillie Gifford Institutional Trust rookieNY$159MindefiniteFeb 20
7Lincoln Logistics Fund II, LP rookieTX$150MindefiniteFeb 18
8Genesis Co-Invest LP rookieNY$108MindefiniteFeb 19
9Pacific NoS Global EM Equity (CI) Ltd rookieIntl$100MindefiniteFeb 19
10Tailwater Fund V SPV LP rookieTX$100MindefiniteFeb 19
All 227 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26FVCBankcorp, Inc.FinanceVA$25M$25MFeb 19
27GIBO HOLDINGS LtdTechIntl$23.6M$23.6MFeb 20
28Emerald AI, Inc.TechDC$22.7M$25MFeb 20
29Viridi Parente, Inc.EnergyNY$20M$40MFeb 19
30Hyperframe Inc.Main StreetOH$18.3M$18.3MFeb 19
31FirmFarm Holdings, LLC rookieReal EstateGA$18M$21.6MFeb 20
32Merion Black Bear, L.P. rookieReal EstatePA$18M$18MFeb 20
33Hook Media, Inc.TechNY$15.8M$16MFeb 19
34Sage Lending LLC rookieFinanceAZ$15M$15MFeb 18
35Westman Atelier Holdings, Inc.OpenNY$15MindefiniteFeb 18
36Haply Robotics inc. rookieTechIntl$14MindefiniteFeb 20
37Elevat Inc.TechWA$12M$16MFeb 17
38Fortitude Gold CorpOpenCO$12M$12MFeb 18
39South Coast Opportunity Fund I, LP rookieReal EstateGA$11M$15MFeb 18
40Bradford Bancorp, Inc. rookieFinanceIL$10M$10MFeb 19
41FormationQ, Inc. rookieMain StreetTX$10M$10MFeb 20
42Develo Inc.TechCA$10M$14MFeb 19
43TJM Labs, Inc. rookieBio & HealthDE$10M$10MFeb 18
44Endeavor BancorpFinanceCA$10M$10MFeb 17
45DPEG Fulshear Gardens, LP rookieReal EstateTX$9.8M$9.9MFeb 19
46First Ascend Capital Funds LLC - Series 50 rookieOpenPR$9.6M$9.6MFeb 18
47MachGen AI, Inc. rookieTechCA$9M$10MFeb 19
48South Coast Group, LLCReal EstateSC$8.1M$45MFeb 18
49Klowen Braces, Inc.Bio & HealthTX$8M$11MFeb 19
50NED Medical, Inc.Bio & HealthMA$8M$11MFeb 19
51Island Facility Services Holdings, LLC rookieOpenHI$7.7M$8.1MFeb 20
52LTHS, Inc. rookieTechCA$7.5M$7.5MFeb 19
53BlueFlag Security Inc. rookieTechCA$7.5M$10MFeb 19
54Beltway Surgery Centers LLCBio & HealthAL$7.4M$12.1MFeb 18
55LifeLine Series X SPV LLC rookieOpenCA$7.2M$7.2MFeb 19
56Blink Technologies Inc.TechCA$7.1M$8MFeb 20
57Alaro Inc. rookieTechNY$7M$7MFeb 17
58SB Advisory Partners LLC rookieOpenNY$7M$8MFeb 19
59Darwinium Holdings, Inc.TechIntl$7M$8.5MFeb 20
60Oregon Venture Fund 2026-A, LLC rookieOpenOR$6.7MindefiniteFeb 19
61C3 Metals Inc.OpenIntl$6.4M$6.4MFeb 18
622718 Secured Yield Fund LP rookieFinanceCA$6.4MindefiniteFeb 17
63Box House Holdings, Inc.Main StreetUT$6.1M$7.2MFeb 20
64Oregon Venture Fund 2026-Q, LLC rookieOpenOR$6MindefiniteFeb 19
65Next Century Spirits, Inc rookieOpenNC$6M$15MFeb 17
66Dentologie Enterprises, Inc.Bio & HealthIL$5.6M$5.7MFeb 17
67Truentity Corp rookieTechNC$5.5M$6.3MFeb 18
68Galenus Precision Pharmacy, Inc. rookieBio & HealthNJ$5.4M$6.6MFeb 18
69Axiom Tosa Village LLC rookieReal EstateIL$5.1M$5.1MFeb 20
70Caspia Technologies IncTechFL$5M$9MFeb 18
71Montana 1889, LLC rookieReal EstateAZ$5M$10MFeb 19
72Refiant Inc. rookieTechDE$4.9M$4.9MFeb 17
73Merion Multifamily Fund IV Capital Partner, L.P. rookieFinancePA$4.9M$4.9MFeb 20
746Lock Inc. rookieMain StreetTX$4.8M$5MFeb 19
75Phoenix Boring Inc. rookieTechCA$4.6M$5.2MFeb 18
76KinCap 1218-1220 W. Cary, LLC rookieReal EstateVA$4.6M$4.7MFeb 18
77SR Mustang Ridge, LLC rookieReal EstateTX$4.5M$4.5MFeb 17
78F Street Bear Creek, LLC rookieReal EstateWI$4.2M$4.2MFeb 19
79Oxbow Boerne Holdings, LLC rookieReal EstateCA$4.1M$4.1MFeb 19
80CollPlant Biotechnologies LtdBio & HealthIntl$4M$4MFeb 17
81Sunset Vizcaya LLC rookieReal EstateTX$3.8M$4MFeb 20
82Tatio, Inc.OpenCA$3.6M$5MFeb 20
83Olyra Foods Inc.OpenDE$3.5M$7MFeb 19
84Culture Fresh Foods, Inc.Main StreetCT$3.5M$3.6MFeb 19
85Evogene Ltd.Bio & HealthIntl$3.4M$3.4MFeb 19
86Q30 Sports Science, LLCOpenCT$3.3M$3.3MFeb 19
87BBG Aerosystems Inc.OpenMD$3.3M$3.3MFeb 20
88Linok Inc. rookieTechFL$3.2M$3.5MFeb 17
89Banner EP Investors, LLC rookieReal EstateNC$3.2M$3.2MFeb 18
90NexEos Diagnostics, Inc.Bio & HealthPA$3M$3MFeb 17
91Shadow Shifts, Inc. rookieTechCA$3M$3MFeb 17
92Townhouse Apartments, LLC rookieReal EstateTX$3M$4MFeb 17
93Light Wave Holding Company, LLCBio & HealthNY$2.9M$2.9MFeb 17
94F Street Maysville, LLC rookieReal EstateWI$2.8M$2.8MFeb 19
95ICE USA Parent, LPOpenFL$2.8MindefiniteFeb 18
96First Ascend Capital Funds LLC - Series 76 rookieOpenPR$2.5M$2.5MFeb 18
97Fredonia Mining Inc. rookieOpenIntl$2.5M$4.3MFeb 20
98Desert Sky Fund, LP rookieReal EstateAZ$2.4M$11.2MFeb 18
99F Street Walker, LLC rookieReal EstateWI$2.3M$2.3MFeb 19
100Force Equals Inc.OpenFL$2.2M$2.2MFeb 17
101Meduloc, LLCBio & HealthCA$2.2M$2.2MFeb 17
102F Street Fort Madison, LLC rookieReal EstateWI$2M$2MFeb 19
103Uttomy Inc. rookieTechDE$2M$2.1MFeb 19
104KNDR Healthcare LLCBio & HealthIA$2M$2MFeb 20
105UniqLearn Inc. rookieTechNY$2M$2.1MFeb 18
106KRE George Drive, LLC rookieOpenCA$2M$2MFeb 19
107Storyraise Technology Inc.OpenMD$2M$2MFeb 18
108Galenus Precision Pharmacy, Inc. rookieBio & HealthNJ$1.9M$2.8MFeb 18
109American Drone Network, LLC rookieMain StreetAR$1.9M$4.8MFeb 18
110Moksa.ai Inc.TechMI$1.8MindefiniteFeb 20
111DreamFi, Inc.FinanceCT$1.8M$1.8MFeb 20
112Gaingels Varda Space 2026 LLC rookieOpenVT$1.7M$1.7MFeb 17
113Cascada Bend, LLCReal EstateWA$1.6M$40MFeb 20
114Preservation Fund III, LLP rookieReal EstateDE$1.5M$100MFeb 18
115GameStrong Performance Psychology, Inc. rookieTechMN$1.4M$3MFeb 17
116Ucropit CorpMain StreetFL$1.3M$1.3MFeb 20
117641 Central Avenue Holdings LLC rookieReal EstateNY$1.2M$1.2MFeb 18
118OSP Gannett Holdings, LLCOpenNY$1.2M$1.2MFeb 18
119DreamFi, Inc.FinanceCT$1.2M$7MFeb 20
1201911 Gold Corp rookieOpenIntl$1.2M$3.3MFeb 20
121First Canadian Graphite Inc.OpenIntl$1.2M$1.2MFeb 18
122MO Lake Development LLCReal EstateMO$1.1M$1.1MFeb 17
123Chesapeake Gold Corp rookieEnergyIntl$1.1M$1.9MFeb 20
124Kadia Health Corp.TechNY$1.1M$1.1MFeb 19
125Accelerant to Production Fund I, LLC rookieOpenCA$1.1M$3MFeb 19
126Ospi Dallas, LLC rookieMain StreetCA$1.1M$2.5MFeb 17
127First Ascend Capital Funds LLC - Series 36 rookieOpenPR$1M$1MFeb 18
128Elevate Clinical Research, Inc. rookieBio & HealthTX$1MindefiniteFeb 17
129LB Baseball Growth Partners, LLC rookieOpenCA$1M$1.1MFeb 19
130RedCritter Corp.TechTX$1M$1MFeb 19
131Townhouse Apartments, LLC rookieReal EstateTX$1M$1MFeb 17
132Persis CorpReal EstateHI$999K$999KFeb 19
133North Shore Uranium Ltd.OpenIntl$997K$1.8MFeb 18
134Overbrook Bankshares, Inc. rookieFinanceKS$973K$4MFeb 18
135Premier American Uranium Inc. rookieOpenIntl$952K$1.6MFeb 18
136Saratoga Capital, Inc.Real EstateCA$950K$10MFeb 18
137Simpli Scada, LLC rookieTechUT$907KindefiniteFeb 17
138Deltin Investment L.L.C. rookieOpenNV$900K$1.2MFeb 18
139First American International Capital 9, LLC rookieReal EstateWI$800K$55.2MFeb 19
140Gaingels General Robotics LLC rookieOpenVT$795K$795KFeb 17
141TWE 2025 Energy Fund Limited Partnership rookieEnergyWY$790K$2MFeb 17
1422220 Stone Crossing, LLC rookieReal EstateIN$769K$769KFeb 20
143Accretion Therapeutics, Inc. rookieBio & HealthIL$750K$1MFeb 17
144Blue Ridge RV Park, LLC rookieOpenWY$750K$750KFeb 19
145CodeGig, Inc. rookieTechLA$750K$750KFeb 20
146Artemis Healthcare, Inc.Bio & HealthTN$725K$2MFeb 18
147Old Brookewood Capital LLC rookieOpenVA$600K$600KFeb 20
148VIN-Holdings, LLCFinanceAR$570K$570KFeb 18
149Hydreight Technologies Inc.OpenIntl$532K$878KFeb 19
150GlitzBee Inc. rookieTechNH$500K$750KFeb 17
151Horne Technologies, Inc.TechCO$500K$500KFeb 18
152Naborforce, Inc.TechVA$500K$1MFeb 19
153UpTo Inc./DE rookieTechDE$500K$500KFeb 17
154Virginia Transit Co rookieMain StreetDC$500K$500KFeb 17
155Vitazi.AI, Inc.Bio & HealthNM$500K$3MFeb 20
156Feedcoyote Inc. rookieTechMN$475K$1MFeb 19
157Quantum Power Group, Inc. rookieEnergyTX$439KindefiniteFeb 17
158S2C REIT Op, LPReal EstateTX$417K$1.1MFeb 19
159Live Area, LLC rookieOpenCA$400KindefiniteFeb 20
160QWERKY AI, Inc. rookieTechSC$400K$5MFeb 17
161First Ascend Capital Funds LLC - Series 46 rookieOpenPR$360K$360KFeb 19
162Surge Battery Metals Inc. rookieOpenIntl$353K$353KFeb 17
163Totem RV Park, LLC rookieOpenWY$350K$350KFeb 19
164100th Meridian Ventures, LLC rookieMain StreetTX$300K$3MFeb 18
165Moth Days, LLC rookieOpenNY$300K$1.6MFeb 17
166Zions Edge 10 LLCReal EstateUT$300K$300KFeb 17
167Langan Management Aggregator LLCEnergyNJ$292K$292KFeb 17
168Patriot Pay, LLC rookieBio & HealthNH$275K$500KFeb 18
169Nov 1337 Labs, Inc. rookieTechIntl$265K$500KFeb 18
170960 N Palm Canyon LLCReal EstateNY$250K$2.2MFeb 17
171First Ascend Capital Funds LLC - Series 47 rookieOpenPR$250K$250KFeb 18
172J. Peterman Co rookieMain StreetOH$250K$2MFeb 20
173SolTerra OZ Fund II, LLCReal EstateWA$248K$40MFeb 20
174Buzze Inc.OpenAZ$225K$450KFeb 19
175Invext Verdant Robotics A Series Of Invext LLC rookieOpenCA$221K$221KFeb 18
176Trinity Guardion, Inc.Bio & HealthIN$218K$1.5MFeb 19
177LWCD Dental Leaders, LLCBio & HealthVA$216K$216KFeb 17
178ZeroCarb Inc.OpenIN$213K$213KFeb 18
179HyperBase Ventures, Inc. rookieTechTX$201K$25MFeb 19
180ApexQuantum, Inc.TechMD$200K$15MFeb 18
181Nexus Bear Lake, LP rookieEnergyCA$200K$3.9MFeb 20
182IQ Finance, Inc. rookieTechDE$175K$1MFeb 20
183RETS AI Inc rookieTechWA$172K$172KFeb 17
184Rocket Doctor AI Inc.TechIntl$163K$362KFeb 18
185LWCD Dental Leaders, LLCBio & HealthVA$158K$158KFeb 17
186CENTRL J Street LLCReal EstateOR$158K$1.8MFeb 19
187Aatru Medical LLCBio & HealthOH$150K$500KFeb 18
188Capturely Inc.TechIN$150K$500KFeb 20
189Lawson 10 LLC rookieReal EstateGA$150K$650KFeb 18
190Western Connecticut Orthopedic Surgical Center, LLCBio & HealthCT$149K$1.5MFeb 19
191INCREF Sub-REIT, LLC rookieReal EstateTX$125K$125KFeb 19
192RETS AI IncTechWA$122K$122KFeb 18
193Gaingels Vico LLC rookieOpenVT$116K$116KFeb 17
194AetherBridge Financial Ltd rookieFinanceCO$100KindefiniteFeb 17
195CM 70 Spruce LLC rookieReal EstateCA$100K$1.4MFeb 20
196Westminster Self Storage LLC rookieReal EstateMN$100K$2.8MFeb 20
197YwinCap Ltd rookieFinanceCO$100KindefiniteFeb 20
198Aquantix Technologies LLC rookieTechCO$90K$250KFeb 20
199Treysta Medical Technologies Inc.Bio & HealthFL$90K$300KFeb 17
200Biuti Express LLC rookieBio & HealthDE$85K$200KFeb 19
201EARTHX Ltd rookieTechOH$84K$84KFeb 19
202Pontux Inc. rookieTechIntl$83KindefiniteFeb 18
203TackPilot, Inc. rookieTechAZ$83K$200KFeb 17
204St. Cloud Outpatient Surgery, Ltd.Bio & HealthMN$74K$74KFeb 20
205Lux Metals Corp.OpenIntl$73K$219KFeb 19
206Noorb Inc rookieMain StreetPA$65K$2.5MFeb 17
207King Copper Discovery Corp.OpenIntl$65K$171KFeb 20
208Light Wave Ownership Path, LLCBio & HealthVA$61K$61KFeb 17
209NovaCore Core Assets INC. rookieMain StreetCO$58K$58KFeb 19
210AI Technologies Holdings LLC rookieTechUT$50K$2MFeb 19
211Going Co. rookieMain StreetKY$50KindefiniteFeb 20
212Lightrider Inc. rookieTechMD$50K$1MFeb 20
213Reserve Financial, LLCFinanceWY$50KindefiniteFeb 17
214Reserve Financial, LLCFinanceWY$50KindefiniteFeb 17
215Reserve Financial, LLCFinanceWY$50KindefiniteFeb 17
216MyStage Music, Inc rookieTechWI$45KindefiniteFeb 18
217Senca Inc rookieTechDE$40KindefiniteFeb 20
218Voyage Comics & Publishing LLCOpenWI$37K$170KFeb 19
219Altura Energy Corp.EnergyIntl$36K$127KFeb 20
220Nexera Energy Inc.OpenIntl$33K$250KFeb 20
221Rowbot Systems LLCOpenMA$25K$500KFeb 18
222Dimple Golf, LLC rookieMain StreetFL$20K$200KFeb 18
223MoveFitRx, Inc. rookieBio & HealthCA$15K$500KFeb 17
224Natives The Series LLC rookieOpenNY$10K$200KFeb 20
225Fendx Technologies Inc.TechIntl$8K$8KFeb 18
226Mulongo Inc rookieTechCO$2K$13KFeb 17
227Spekt, Inc. rookieMain StreetCA$90$90Feb 19