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 22, 2026 (May 25–31)

185 companies reported $3.48B in new private raises on Form D in Week 22, 2026 (May 25–31). The biggest was Multi-Color Corp, $1.30B in the Open League from Georgia. Labels Buyer, LLC ($558M) and Armada Capital, LLC / OK ($156M) rounded out the top three. The Open League led all leagues with $1.97B across 40 raises. Georgia topped the state standings with $1.94B. That is up 25% versus the week before ($2.79B). 125 of the 185 were first-time Form D filers, led by Multi-Color Corp ($1.30B). In the Fund League, 245 funds reported $2.55B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Multi-Color Corp rookieOpenGA$1.30B$1.30BMay 26
2Labels Buyer, LLCOpenGA$558M$558MMay 26
3Armada Capital, LLC / OK rookieEnergyOK$156M$181MMay 26
4ModRetro, Inc.TechCA$145M$150MMay 27
5Fxfunds Ltd rookieFinanceNY$100MindefiniteMay 28
6Zeckco Ltd rookieFinanceCO$100MindefiniteMay 26
7Utility Global, Inc.EnergyTX$100M$100MMay 29
8Stord, Inc.TechGA$61.7M$300MMay 26
9Socket, Inc. rookieTechDE$59.4M$60MMay 29
10American Terawatt, Inc. rookieEnergyCA$52.6M$52.6MMay 27
11Definition II-D LLC rookieOpenNY$50.5M$50.5MMay 27
12Epping Forest Opportunity Fund I, LLC rookieFinanceFL$50M$50MMay 28
13EPower Capital US LLC rookieFinanceWY$50M$50MMay 29
14Cypress Point Funding LLC/DE rookieFinancePR$41.7M$41.7MMay 26
15Silver Horizon Funding LLC rookieFinancePR$34.8M$34.8MMay 26
16Ornn AI Inc rookieTechNY$33.7M$33.7MMay 27
17Vantage Risk Ltd. Series 7 LLC rookieFinancePR$32.9M$32.9MMay 26
18Blue Water 1 LLC rookieFinancePR$31.6M$31.6MMay 26
19Madison Avenue Funding LLC rookieFinancePR$30.3M$30.3MMay 26
20Dorado 2024-1 LLC rookieFinancePR$29.8M$29.8MMay 26
21ACB Acquisition Group, LLC rookieFinanceGA$21.9M$25MMay 29
22Benefitbay Inc.OpenMO$17.5M$19MMay 28
23Csw As VII Ww, L.P. rookieReal EstatePA$16.7M$16.7MMay 27
24Kitsap Opportunity Fund, LLC rookieReal EstateWA$16M$16MMay 27
25Parc at Palmera, LLC rookieReal EstateFL$15.2M$15.2MMay 28

By league

LeagueRaisedRaises
Open$1.97B40
Finance$527M17
Tech$389M47
Energy$322M9
Real Estate$145M37
Bio & Health$110M24
Main Street$11.3M11

By state

StateRaisedRaises
Georgia$1.94B4
California$263M25
New York$241M14
Puerto Rico$201M6
Oklahoma$160M2
Texas$124M16
Colorado$121M5
Florida$79.8M14
Delaware$68.5M7
Wyoming$59.8M6
Massachusetts$28M6
International$19.7M10
Washington$18.7M5
Pennsylvania$18.1M5
Missouri$17.7M3

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Multi-Color Corp rookieOpenGA$1.30B$1.30BMay 26
2Armada Capital, LLC / OK rookieEnergyOK$156M$181MMay 26
3Fxfunds Ltd rookieFinanceNY$100MindefiniteMay 28
4Zeckco Ltd rookieFinanceCO$100MindefiniteMay 26
5Socket, Inc. rookieTechDE$59.4M$60MMay 29
6American Terawatt, Inc. rookieEnergyCA$52.6M$52.6MMay 27
7Definition II-D LLC rookieOpenNY$50.5M$50.5MMay 27
8Epping Forest Opportunity Fund I, LLC rookieFinanceFL$50M$50MMay 28
9EPower Capital US LLC rookieFinanceWY$50M$50MMay 29
10Cypress Point Funding LLC/DE rookieFinancePR$41.7M$41.7MMay 26

Fund League

$2.55B across 245 funds.

#CompanyStateRaisedRaisingFiled
1Stone Point Insurance Solutions Fund, L.P. rookieCT$610MindefiniteMay 28
2Elemental AI Growth X LP rookieIntl$200M$200MMay 27
3Maroon Pass Opportunities LLC Series Ouray rookieTX$124MindefiniteMay 26
4Tribe Capital AI Fund VII, L.P. rookieCA$120M$120MMay 28
5Gore Range Capital Fund III LLC rookieTX$70M$250MMay 27
6SA Investment Partnership IX LLC rookieIL$65.6M$65.6MMay 27
7Anchorage Co-Investment Fund IX, L.P. rookieNY$65MindefiniteMay 28
8T. Rowe Price Growth Equity LLC, Series II rookieMD$60.1MindefiniteMay 27
9Dundee Nightingale, LP rookieCT$57.8MindefiniteMay 26
10PX3 Partners Cyber LP rookieIntl$57MindefiniteMay 27
All 185 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26Ognomy Inc.Bio & HealthNY$14.9M$21.6MMay 26
27TenNor Therapeutics (Suzhou) Ltd rookieBio & HealthIntl$14.7M$14.7MMay 26
28NoHo APC Inc.Bio & HealthMN$13.4M$20MMay 26
29Verve, Inc.TechMA$12.8M$16.4MMay 29
30Elgh Indian School Rd & 371st Ave LLC rookieReal EstateAZ$12.1M$12.5MMay 29
31Kayak Therapeutics, Inc.Bio & HealthTX$11.9M$25MMay 27
32Restora Medical, Inc.Bio & HealthCA$11.5M$15MMay 29
33SEMPRE, Inc.TechCO$10M$10MMay 26
34A4CP Investor LLC rookieReal EstateNY$9.9MindefiniteMay 26
35Dalton Mills, Inc. rookieTechNJ$9.2M$9.2MMay 27
36Portal Biotechnologies, Inc.Bio & HealthMA$9M$9MMay 29
37Infinite Outdoors, Inc.TechWY$8.5M$12MMay 27
38Blake at Chattanooga, LLC rookieOpenMS$8.3M$11.1MMay 28
39Guidelight Technologies, Inc. rookieOpenNY$8M$8MMay 26
40Paragon Park Apartments LLC rookieReal EstateOH$7.9M$10MMay 29
41Essential Net Lease Industrial 116 DST rookieReal EstateCA$7.7M$14.6MMay 27
42Silicon Ranch CorpEnergyTN$7.6M$7.6MMay 26
43CP NNN Portfolio 1, LLC rookieReal EstateNC$7M$7MMay 27
44Oncosynergy, Inc.Bio & HealthCT$6.6M$8.2MMay 26
45Proper Voltage, Inc.TechCA$6.5M$10MMay 27
46Potrero Medical, Inc.Bio & HealthCA$6.5M$6.5MMay 29
47San Diego Apartment Investors Group 31, LLC rookieReal EstateCA$6.3M$6.3MMay 29
48Cuadra Bottleworks I JV, LLC rookieReal EstateNC$6.3M$6.9MMay 27
49Rose Management Group Inc.OpenCO$6M$6MMay 29
50Elemental Machines, Inc.TechMA$5.7M$5.7MMay 29
51GridAI Technologies Corp.Bio & HealthFL$5.2M$5.2MMay 27
52Telos Artifex LLC rookieOpenNY$5.1M$5.1MMay 27
53RCP Tarleton State Hotel, LLC rookieReal EstateTX$5M$5MMay 28
54Reprogram Biosciences, Inc.Bio & HealthCA$5M$5MMay 26
55Oswald Co. Ltd.OpenNY$5M$5MMay 28
56Crown Affair, Inc.Main StreetNY$5M$5MMay 26
57Balboa GeoLocation, Inc. rookieTechCA$4.5M$7.4MMay 26
58All Pro Crystal LLLP rookieReal EstateCO$4.5M$9.5MMay 27
59ALT Sports Data, Inc.TechCA$4.5M$4.5MMay 26
60Farm to People, P.B.C. rookieTechNY$4.3M$5MMay 27
61Lighthouse Technology Holdings Inc. rookieTechFL$3.8M$3.8MMay 27
62JLAM KSQ East State Street LP rookieReal EstateDE$3.8M$3.8MMay 26
63Rua Diagnostics Inc. rookieBio & HealthNY$3.6M$3.6MMay 27
64Scg Sna, LLC rookieReal EstateCA$3.6M$5.5MMay 27
65Eckard Gardendale LLC rookieEnergyTX$3.5M$30MMay 28
66Kele Holdings, Inc. rookieOpenAR$3.5M$3.5MMay 29
6718 North Sterling Park LP rookieReal EstateOK$3.3M$3.8MMay 29
68La Sirena HoldCo WPB LLC rookieMain StreetCT$3.3M$6MMay 28
69HelloCounsel Inc rookieTechDE$3.1M$3.1MMay 29
70CP NNN Portfolio 2, LLC rookieReal EstateNC$3M$3MMay 27
71MOTA Holding LLC rookieReal EstateKS$3M$4MMay 27
72Vivamed, Inc.Bio & HealthCA$3M$3MMay 27
73Sterling Office & Industrial TrustReal EstateND$2.6M$30MMay 26
74GridAI Technologies Corp.Bio & HealthFL$2.5M$2.5MMay 27
75Serva Energy, Inc.TechAZ$2.5M$12MMay 29
76Volli Entertainment LLCOpenWA$2.3M$3.1MMay 27
77Acretrader 281 LLC rookieReal EstateAR$2.3M$2.3MMay 27
78Kavia AI, Inc. rookieTechCA$2M$2.5MMay 27
79Modelia, Inc. rookieTechDE$1.9M$1.9MMay 26
80Northern Smilodon Energy Inc.OpenIntl$1.7M$1.7MMay 29
81Abitibi Metals Corp. rookieOpenIntl$1.7M$1.7MMay 26
82Vecna AI, Inc. rookieTechIL$1.5M$6MMay 29
83Hopewell Portfolio 2026 LLC rookieReal EstateVA$1.5M$1.5MMay 26
84Gtown Century LP, LLC rookieReal EstateVA$1.4M$3.6MMay 29
85Alexander Capital Ventures LLCFinanceNJ$1.4M$1.4MMay 27
86S Lenders LLC rookieFinanceKY$1.3M$1.5MMay 27
87ShiftUp Inc.TechAZ$1.2M$2.5MMay 26
88WillMax Pavilion Enclave Co-Invest, L.P. rookieReal EstateTX$1.2M$1.2MMay 29
89Alexander Capital Ventures LLCFinanceNJ$1.2M$1.2MMay 27
90UMEP Corp.OpenMN$1.1M$1.1MMay 28
91DEPTH Health, Inc. rookieTechCA$1M$1MMay 28
92GCX Events, Inc. rookieOpenFL$1M$1MMay 28
93VOC Partners SPV Lehigh Street, LLC rookieOpenPA$1M$3.1MMay 27
94Virtual Peaker, Inc.TechKY$1M$5MMay 29
95Ruby Lifestyle Group, LLCReal EstateNE$907K$30MMay 26
96Koolbridge Energy, Inc.EnergyNC$870K$870KMay 26
97Maisonette World, Inc.Main StreetNY$850K$850KMay 27
98Arrival Wellness Inc rookieOpenTX$700KindefiniteMay 27
998ALPHA AI, LLC rookieTechCA$689K$2MMay 29
100Laurel Innovations, Inc. rookieTechUT$660K$5MMay 27
101Bidwell Capital Oil Fund VII LP rookieEnergyWY$650K$6MMay 27
102Porter Legacy Real Estate Opportunities Fund LLC rookieReal EstateCA$650K$20MMay 27
103Live Event Partners, Inc.Main StreetNY$600K$25MMay 28
104Panther Park Phase I, LP rookieReal EstateTX$600K$600KMay 28
105KSRE Holdings LLC rookieMain StreetFL$577KindefiniteMay 27
106Equal Edge U Inc.TechOH$525K$750KMay 27
107Beckett's Inc. rookieOpenIntl$500K$1.5MMay 26
108Helios Gaingels Coreshell LLC rookieOpenVT$485K$485KMay 26
109Valhalla Metals Inc.OpenIntl$479K$479KMay 29
110TEN4 Intelligence Inc. rookieTechFL$460K$460KMay 29
111Penn Flatz Holdings, LLC rookieReal EstateWY$450K$450KMay 29
112Vita Inclinata Technologies, Inc.TechCO$445KindefiniteMay 28
113Specialty Healthcare Consortium LLC rookieBio & HealthTX$400K$480KMay 29
114Fast Forward, Inc.TechNE$360K$1MMay 26
115Gaingels Path Robotics 2026 LLC rookieOpenVT$346K$346KMay 29
116TCG Lunatic, LLC rookieMain StreetCA$333K$333KMay 28
117Hongli Group Inc. rookieMain StreetIntl$325K$325KMay 29
118Qlutch, Inc.TechVA$310K$750KMay 29
119ABN Touring LLC rookieOpenMD$300K$3.6MMay 26
120Edgar 11 Holdings LLC rookieReal EstateDE$300K$750KMay 29
121Stardust Teas, Inc. rookieMain StreetTN$300K$1.2MMay 29
122ATS Systems, Inc. rookieFinanceCA$257K$2.2MMay 28
123Centese, Inc.OpenNE$250K$5MMay 26
124Elm Westermark Investors, LLC rookieReal EstateIN$250K$6.5MMay 28
125My-Shop Holdings, Inc. rookieTechFL$250K$2MMay 27
126RSF Wallick REIT I, LLC rookieReal EstateTX$250K$250KMay 28
127Specialty Surgical Center, LLC/NJBio & HealthAL$246K$492KMay 28
128Skipper Labs, Inc.TechWA$230K$230KMay 26
129Southern Villas RV Park, LLC rookieReal EstateFL$228K$1.2MMay 26
130Varsity Emergency Care Holdings, LLCBio & HealthCA$220K$220KMay 26
131Breakthrough Gold Fund I LP rookieOpenWA$200K$25MMay 27
132HS Durango, LLC rookieReal EstateTX$200K$5MMay 26
133ICE GEMS, Inc.TechMA$200K$10MMay 28
134Robin Bay Capital I, LLC rookieBio & HealthCA$200K$200KMay 28
135TauriPay, a Public Benefit Corp rookieFinanceAZ$200KindefiniteMay 26
136Umajin Inc.TechMA$200K$1MMay 29
137Water Timer, Inc. rookieOpenFL$200K$200KMay 28
138GSP Resource Corp.OpenIntl$186K$466KMay 28
139StromaGenesis LLC rookieBio & HealthPA$175K$10MMay 28
140LQD Assets, LLCOpenKY$165KindefiniteMay 26
141Hempel Industrial Outdoor Storage Fund I, LLC rookieReal EstateMN$150K$15MMay 26
142Inherence, Inc rookieTechCA$150K$150KMay 27
143Pipe Force AI, Inc.TechPA$150K$150KMay 28
144Water Timer, Inc. rookieOpenFL$150K$150KMay 28
145Central Kansas Laser Solutions, LLC rookieBio & HealthTX$145K$145KMay 27
146Encore Berea H1A Off-Set II rookieEnergyKY$125K$3MMay 29
147Neuro Group LLC rookieOpenWY$125K$300KMay 28
148SSGF I REIT Holdings, LLC rookieReal EstatePA$125K$125KMay 29
149Monocacy Therapeutics Inc. rookieBio & HealthMD$114KindefiniteMay 27
150Theralase Technologies Inc /fiOpenIntl$109K$262KMay 27
151ATS Small Pool Fund, LLC rookieReal EstateCA$107K$802KMay 28
152HS Santa Barbara, LLC rookieReal EstateTX$100K$4.3MMay 26
153Haystack Collective, Inc. rookieTechOR$100K$2.5MMay 27
154Intelligent Therapeutics, Inc. rookieTechOR$100K$700KMay 28
155Lc Capital Partners IV LLCFinanceFL$100K$100KMay 26
156MnemoShare,Inc. rookieTechMO$100K$500KMay 29
157Once & Future Games, LLC rookieOpenMO$100K$900KMay 28
158Planar Inc. rookieTechCA$100KindefiniteMay 29
159Remoasset Corp rookieTechTX$100KindefiniteMay 26
160Trican Health, Inc. rookieBio & HealthMA$100K$550KMay 28
161North Titus 1 Joint Venture rookieEnergyLA$98K$985KMay 29
162Gaingels EdVisorly LLC rookieOpenVT$81K$81KMay 29
163Gaingels Edera 2026 LLC rookieOpenVT$78K$78KMay 26
164Neuroptima LLC rookieOpenIA$75K$75KMay 28
165Kingsbury Pictures LLC rookieOpenMI$71K$650KMay 27
166rBar, LLC rookieTechTN$70K$350KMay 26
167Gaingels The Residency LLC rookieOpenVT$65K$65KMay 26
168Wytec International IncTechTX$60K$1MMay 26
169Gaingels Zerodrift LLC rookieOpenVT$58K$58KMay 29
170AIFeeS Inc rookieTechWY$50KindefiniteMay 26
171Allira Systems, Inc. rookieTechIN$50KindefiniteMay 29
172Bayezon AI, Inc.TechIN$50K$2MMay 29
173Clip Collective, LLC rookieTechTN$50K$100KMay 26
174Kelo Wellness, Inc. rookieBio & HealthCA$50K$500KMay 28
175Townbridge Income Strategy 2 LLC rookieReal EstateTX$50K$20MMay 27
176Ynvisible Interactive Inc.OpenIntl$50K$119KMay 27
177Tectonica Labs, Inc rookieOpenDE$44KindefiniteMay 27
178Imaginostics, Inc.Bio & HealthFL$40KindefiniteMay 29
179Rubisc, Inc. rookieMain StreetTX$30K$90KMay 29
180CarePaladin Inc. rookieTechCA$25KindefiniteMay 27
181Drink Pixeldust, Inc. rookieMain StreetNY$25K$300KMay 29
182Meaningful Toys, LLC rookieMain StreetDE$25K$600KMay 27
183Valvara, Inc rookieBio & HealthIL$10K$250KMay 27
184NexTitle Washington Partners, LLC rookieReal EstateWA$8K$250KMay 29
185Pardus Ventures Inc.OpenIntl$725$725May 26