Monthly report · from SEC Form D filings
The state of private funding: September 2026
New raises
881
+9% vs Sep 25
Capital reported
$18.13B
+39% vs Sep 25
Median raise
$1.1M
$1.5M a year earlier
Month by month
Last 24 months · select a bar for that month
By sector
| Sector | Raises | Raised | vs year earlier |
|---|---|---|---|
| Technology | 353 | $7.37B | +67% |
| Other | 184 | $7.18B | +130% |
| Financial Services | 55 | $1.57B | −1% |
| Health Care | 143 | $1.39B | −20% |
| Energy | 39 | $309M | −49% |
| Manufacturing | 32 | $204M | +290% |
| Business Services | 18 | $53.6M | −50% |
| Consumer | 24 | $20.8M | −98% |
Busiest states
| State | Raises | Raised |
|---|---|---|
| California | 141 | $4.4B |
| New York | 77 | $1.13B |
| Florida | 62 | $224M |
| Texas | 61 | $6.31B |
| Delaware | 35 | $185M |
| Colorado | 30 | $3.14B |
| Massachusetts | 29 | $332M |
| Pennsylvania | 26 | $120M |
The 10 largest raises
September 2026
| Company | Where | Sector | Raised |
|---|---|---|---|
| TBC - The Boring Co | Bastrop, TX | Other | $3.2B |
| Crusoe Inc. | Denver, CO | Other | $3.11B |
| Tenstorrent Holdings Inc. | Austin, TX | Technology | $1.29B |
| ZeroStack Corp. | Dallas, TX | Technology | $1B |
| Pacific Life Insurance Co. | Newport Beach, CA | Financial Services | $622M |
| Fab2, Inc. | Austin, TX | Technology | $556M |
| Harvey AI Corp | San Francisco, CA | Technology | $550M |
| Sierra International Network Inc. | Irvine, CA | Technology | $502M |
| Longtail Insurance Holdings Ltd. | Hamilton, Bermuda | Financial Services | $416M |
| Superhuman Platform Inc. | San Francisco, CA | Technology | $335M |
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. ← August 2026