How much did US private companies raise in December 2019?
1,172 companies reported raises totalling $13.2bn on SEC Form D in December 2019. Real estate was the largest sector at $3.1bn, and CA the largest state at $4bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Real estate led with $3.1bn across 282 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Real estate | 282 | $3.1bn | 23% |
| Other | 244 | $2.5bn | 19% |
| Technology | 296 | $2.3bn | 18% |
| Health | 167 | $2.2bn | 16% |
| Energy | 27 | $1.8bn | 13% |
| Finance | 72 | $939m | 7% |
| Consumer & industrial | 84 | $481m | 4% |
What were the largest raises?
The 25 largest filings of the month, with the issuer's own SEC record linked where the filing index is known.
| Company | Where | Industry | Date | Amount |
|---|---|---|---|---|
| Generate Capital, Inc. | San Francisco, CA | Energy | 30 Dec 2019 | $964m |
| Citizen Energy Holdings, LLC | Tulsa, OK | Energy | 6 Dec 2019 | $566m |
| Bright Health Inc. | Minneapolis, MN | Health | 16 Dec 2019 | $424m |
| Peer Street Funding, LLC | El Segundo, CA | Real estate | 2 Dec 2019 | $271m |
| Cloud Guru Group Inc. | Austin, TX | Technology | 6 Dec 2019 | $257m |
| Freshworks Inc. | San Mateo, CA | Technology | 16 Dec 2019 | $250m |
| Varo Money, Inc. | San Francisco, CA | Finance | 19 Dec 2019 | $241m |
| Eckard Land & Acquisition, LLC | Allen, TX | Other | 16 Dec 2019 | $240m |
| Enterprise Housing Partners XXXII Limited Partnership | Columbia, MD | Real estate | 12 Dec 2019 | $224m |
| DISH Network CORP | Englewood, CO | Technology | 13 Dec 2019 | $186m |
| Frontier Car Group, Inc. | Spring, TX | Other | 24 Dec 2019 | $168m |
| Spectacle Entertainment Group, LLC | Indianapolis, IN | Other | 22 Dec 2019 | $140m |
| AvidXchange, Inc. | Charlotte, NC | Consumer & industrial | 27 Dec 2019 | $130m |
| ScriptDash Inc. | San Francisco, CA | Other | 10 Dec 2019 | $129m |
| NJOY HOLDINGS, INC. | New York, NY | Other | 6 Dec 2019 | $115m |
| PolicyGenius Inc. | New York, NY | Other | 18 Dec 2019 | $111m |
| Veterinary Emergency Group, LLC | Valhalla, NY | Other | 27 Dec 2019 | $105m |
| PLIANT THERAPEUTICS, INC. | South San Francisco, CA | Health | 19 Dec 2019 | $100m |
| HPS HOLDINGS 2, Inc. | Scottsdale, AZ | Finance | 31 Dec 2019 | $100m |
| West Lot Holdings, LLC | Denver, CO | Real estate | 18 Dec 2019 | $94.3m |
| Zinier Inc. | San Mateo, CA | Technology | 12 Dec 2019 | $86.9m |
| Aligos Therapeutics, Inc. | South San Francisco, CA | Health | 23 Dec 2019 | $85m |
| Sonendo, Inc. | Laguna Hills, CA | Health | 10 Dec 2019 | $84.7m |
| Midwest Senior Living Portfolio DST | Oak Brook, IL | Real estate | 20 Dec 2019 | $80.9m |
| Automattic Inc. | San Francisco, CA | Other | 11 Dec 2019 | $80.7m |
Which states raised the most?
CA led with $4bn across 234 raises.
| State | Raises | Total |
|---|---|---|
| CA | 234 | $4bn |
| TX | 95 | $1.3bn |
| IL | 65 | $1.3bn |
| NY | 126 | $1.1bn |
| MA | 59 | $667m |
| OK | 7 | $584m |
| CO | 45 | $497m |
| MN | 21 | $485m |
| FL | 56 | $392m |
| WA | 48 | $318m |
| NC | 33 | $317m |
| MD | 21 | $298m |
| PA | 33 | $250m |
| CT | 14 | $197m |
| IN | 17 | $163m |
| TN | 13 | $148m |
| VA | 29 | $135m |
| OH | 29 | $132m |
| GA | 21 | $122m |
| AZ | 14 | $120m |
| NJ | 13 | $112m |
| MI | 19 | $85.1m |
| KY | 6 | $75.1m |
| AL | 15 | $71.1m |
| DC | 9 | $60.2m |