How much did US private companies raise in May 2020?
699 companies reported raises totalling $7.4bn on SEC Form D in May 2020. Technology was the largest sector at $2.2bn, and CA the largest state at $3bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $2.2bn across 242 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 242 | $2.2bn | 29% |
| Health | 137 | $1.7bn | 23% |
| Other | 150 | $1.3bn | 17% |
| Finance | 49 | $1.2bn | 16% |
| Energy | 13 | $513m | 7% |
| Consumer & industrial | 41 | $415m | 6% |
| Real estate | 67 | $211m | 3% |
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 |
|---|---|---|---|---|
| Social Finance, Inc. | San Francisco, CA | Finance | 14 May 2020 | $814m |
| Robinhood Markets, Inc. | Menlo Park, CA | Technology | 1 May 2020 | $430m |
| GUITAR CENTER, INC. | Westlake Village, CA | Consumer & industrial | 15 May 2020 | $321m |
| PIONEER ENERGY SERVICES CORP | San Antonio, TX | Energy | 29 May 2020 | $208m |
| VERINT SYSTEMS INC | Melville, NY | Technology | 7 May 2020 | $200m |
| AWW Holdings, Inc. | Nicholasville, KY | Other | 18 May 2020 | $200m |
| Sunnova Energy International Inc. | Houston, TX | Energy | 13 May 2020 | $185m |
| American Well Corp | Boston, MA | Health | 1 May 2020 | $134m |
| Neutron Holdings, Inc. | San Francisco, CA | Other | 7 May 2020 | $120m |
| Agile Sports Technologies, Inc. dba Hudl | Lincoln, NE | Technology | 20 May 2020 | $120m |
| HealthPartners, Inc. | Minneapolis, MN | Health | 7 May 2020 | $110m |
| Atea Pharmaceuticals, Inc. | Boston, MA | Health | 19 May 2020 | $107m |
| Grove Collaborative, Inc. | San Francisco, CA | Other | 4 May 2020 | $89.9m |
| Athira Pharma, Inc. | Seattle, WA | Health | 29 May 2020 | $89m |
| Kriya Therapeutics, Inc. | Palo Alto, CA | Health | 4 May 2020 | $87.6m |
| HES Facilities Holdings, LLC | Providence, RI | Other | 8 May 2020 | $84.3m |
| Larimar Therapeutics, Inc. | Bala Cynwyd, PA | Health | 28 May 2020 | $82.1m |
| Commonwealth Fusion Systems LLC | Cambridge, MA | Energy | 11 May 2020 | $80.6m |
| Larimar Therapeutics, Inc. | Bala Cynwyd, PA | Health | 29 May 2020 | $80m |
| CORCENTRIC, INC. | Cherry Hill, NJ | Technology | 1 May 2020 | $80m |
| BetterCloud, Inc. | New York, NY | Technology | 5 May 2020 | $75m |
| Life Biosciences LLC | Boston, MA | Other | 29 May 2020 | $74.8m |
| Imperfect Foods, Inc. | San Francisco, CA | Other | 11 May 2020 | $72.4m |
| Somatus, Inc. | Mclean, VA | Health | 27 May 2020 | $64m |
| AI Software, LLC | St. Louis, MO | Technology | 17 May 2020 | $62m |
Which states raised the most?
CA led with $3bn across 163 raises.
| State | Raises | Total |
|---|---|---|
| CA | 163 | $3bn |
| MA | 44 | $772m |
| TX | 49 | $605m |
| NY | 65 | $528m |
| PA | 21 | $243m |
| IL | 21 | $213m |
| NJ | 23 | $202m |
| KY | 3 | $201m |
| MN | 10 | $169m |
| WA | 22 | $162m |
| NC | 23 | $152m |
| VA | 15 | $127m |
| NE | 5 | $123m |
| FL | 29 | $107m |
| CO | 37 | $96m |
| RI | 1 | $84.3m |
| CT | 10 | $71.9m |
| OH | 19 | $65.6m |
| MO | 3 | $63.8m |
| AZ | 11 | $59.8m |
| GA | 11 | $54.1m |
| SC | 6 | $41.4m |
| TN | 9 | $41.2m |
| IA | 6 | $31.8m |
| IN | 7 | $30.7m |