Who Just RaisedMonthly report · from SEC Form D filings
The state of private funding: April 2025
New raises
748
−15% vs Apr 24
Capital reported
$10.97B
+3% vs Apr 24
Median raise
$1.7M
$1.6M a year earlier
Month by month
Last 24 months · select a bar for that month
By sector
| Sector | Raises | Raised | vs year earlier |
|---|---|---|---|
| Technology | 275 | $6.42B | +79% |
| Health Care | 123 | $2.1B | −4% |
| Other | 183 | $1.39B | −34% |
| Consumer | 27 | $300M | +78% |
| Financial Services | 39 | $292M | −83% |
| Business Services | 18 | $217M | +2006% |
| Energy | 21 | $121M | −83% |
| Manufacturing | 11 | $55.4M | −45% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 120 | $2.31B |
| New York | 69 | $662M |
| Texas | 51 | $199M |
| Florida | 45 | $3.78B |
| Massachusetts | 33 | $447M |
| Colorado | 26 | $508M |
| Delaware | 23 | $39M |
| Illinois | 23 | $109M |
The 10 largest raises
April 2025
| Company | Where | Sector | Raised |
|---|---|---|---|
| Infinite Reality, Inc. | Boca Raton, FL | Technology | $3.36B |
| Transcarent, Inc. | Denver, CO | Health Care | $481M |
| Rarestep, Inc. | Birmingham, AL | Technology | $454M |
| AP Adhesives Acquisitions, Inc. | Forest City, CA | Other | $370M |
| DBV Technologies S.A. | Chatillon, France | Health Care | $307M |
| Mercury Technologies, Inc. | San Francisco, CA | Technology | $200M |
| Cognito Therapeutics Group, Inc. | Cambridge, MA | Health Care | $196M |
| Nextnav Inc. | Reston, VA | Technology | $190M |
| Apex Technology, Inc. | Los Angeles, CA | Other | $158M |
| Bdci Capital LP | Sao Paulo, Brazil | Other | $150M |
New Form D notices from operating companies (investment funds and vehicles excluded), as reported to the SEC; raises over $10B are left out of totals. ← March 2025 · May 2025 →