About the data

Who Just Raised turns the SEC's Form D filings into a readable list of companies that are raising money right now.

What is a Form D?

When a US company sells shares, notes or other securities privately (rather than in a public offering), it usually relies on an exemption called Regulation D. Companies using it must file a short notice, Form D, with the SEC within 15 days of the first sale. The notice includes the company's address, industry, how much it is trying to raise, and how much it has sold so far.

Reading the numbers

• Raised is the total amount the company reports as already sold to investors in this offering.
• Target is the total offering size. "Open" means the company reported it as indefinite.
• Filed is the date the notice reached the SEC, not the date the round closed.
• An amendment (Form D/A) updates an earlier notice, often with a higher amount sold. The main lists show new notices only; amendments appear on each company's page.

What we leave out

• Investment funds and SPVs. About two thirds of all Form D filings come from pooled funds, special-purpose vehicles and similar structures. They are not operating businesses, so they are excluded.
• Real-estate syndications are kept in their own real-estate list.
• People. Form D also names a company's executives and directors. We do not republish personal names or addresses; every company page links to the original filing for anyone who needs it.

Limits

Not every private raise appears here. Some companies use other exemptions, some file late, and some never file. Amounts are self-reported and occasionally contain obvious errors; filings above $10B are kept out of totals. If something about your company is wrong, the fix is an amended filing with the SEC, and we pick it up automatically.

Reuse

SEC filings are public records. You are welcome to cite this site; please link to the page you used. A machine-readable feed of the last seven days is at /data/latest.json.