How much did US private companies raise in March 2020?

964 companies reported raises totalling $11.1bn on SEC Form D in March 2020. Other was the largest sector at $3.6bn, and CA the largest state at $4.7bn. Amounts are as reported by the issuers; pooled funds are excluded.

← February 2020April 2020 →Last checked 17 Oct 2026

Which industries raised the most?

Other led with $3.6bn across 221 raises. Industries follow the SEC's own groups, folded into 7 buckets.

IndustryRaisesTotalShare
Other221$3.6bn33%
Technology313$2.7bn25%
Health136$2.2bn19%
Real estate150$1.2bn11%
Finance49$659m6%
Consumer & industrial73$606m5%
Energy22$60.8m1%

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.

CompanyWhereIndustryDateAmount
D&P US Holding CorpNew York, NYOther26 Mar 2020$866m
Stripe, Inc.San Francisco, CAOther25 Mar 2020$631m
Impossible Foods Inc.Redwood City, CAOther9 Mar 2020$500m
Lyell Immunopharma, Inc.South San Francisco, CAHealth5 Mar 2020$493m
Sealy Legacy Partners, LPShreveport, LAReal estate5 Mar 2020$275m
GRID DYNAMICS HOLDINGS, INC.San Ramon, CATechnology5 Mar 2020$256m
Next Insurance, Inc.Palo Alto, CAFinance12 Mar 2020$250m
Granger Brew Deaux LLCGranger, TXReal estate9 Mar 2020$245m
Hyundai-Aptiv AD LLCBoston, MAConsumer & industrial26 Mar 2020$240m
NATF America LLCWilmington, DEOther6 Mar 2020$165m
Legend Biotech CorpSomerset, NJHealth30 Mar 2020$150m
Rallybio Holdings, LLCNew Haven, CTHealth27 Mar 2020$145m
Insitro, Inc.South San Francisco, CAHealth26 Mar 2020$143m
HashiCorp, Inc.San Francisco, CATechnology6 Mar 2020$131m
iTeos Therapeutics, Inc.Cambridge, MATechnology24 Mar 2020$125m
HESKA CORPLoveland, COHealth30 Mar 2020$122m
Nurix Therapeutics, Inc.San Francisco, CAOther9 Mar 2020$120m
SutroVax, Inc.Foster City, CAHealth20 Mar 2020$110m
ByHeart, Inc.New York, NYHealth18 Mar 2020$96.9m
SMARTRENT.COM, INC.Scottsdale, AZTechnology11 Mar 2020$96.1m
Via Transportation, Inc.New York, NYTechnology26 Mar 2020$93m
Clutch Co, LLCWashington, DCOther6 Mar 2020$80m
PSH, LLCDenver, COConsumer & industrial2 Mar 2020$78.5m
BANCAFFILIATED INCArlington, TXFinance16 Mar 2020$64.1m
Zumper, Inc.San Francisco, CATechnology3 Mar 2020$61.7m

Which states raised the most?

CA led with $4.7bn across 221 raises.

StateRaisesTotal
CA221$4.7bn
NY98$1.7bn
MA61$777m
TX76$744m
CO52$460m
LA4$277m
WA36$240m
AZ17$225m
NJ16$216m
DE12$202m
PA26$184m
CT11$183m
IL26$150m
GA20$114m
DC9$112m
OR24$106m
OH18$103m
FL38$94m
NC25$79m
VA18$68.5m
AR10$47.3m
UT15$39.8m
IN3$30.3m
MD14$27.7m
MI8$27m

Sources

  1. SEC Form D data sets (quarterly)
  2. How the numbers are built