How much did US private companies raise in September 2021?

1,165 companies reported raises totalling $21.7bn on SEC Form D in September 2021. Technology was the largest sector at $6bn, and CA the largest state at $6.8bn. Amounts are as reported by the issuers; pooled funds are excluded.

← August 2021October 2021 →Last checked 17 Oct 2026

Which industries raised the most?

Technology led with $6bn across 307 raises. Industries follow the SEC's own groups, folded into 7 buckets.

IndustryRaisesTotalShare
Technology307$6bn28%
Health158$5.8bn27%
Other253$4.2bn19%
Finance84$2.3bn10%
Real estate258$2.1bn9%
Consumer & industrial71$1.1bn5%
Energy34$196m1%

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
PERKINELMER INCWaltham, MAHealth17 Sep 2021$2.2bn
Mahalo Group Holdings LLCYardley, PAHealth15 Sep 2021$893m
KOLABORATION VENTURES CorpRio Vista, CAConsumer & industrial20 Sep 2021$778m
DriveWealth Holdings, Inc.Chatham, NJFinance21 Sep 2021$735m
Discord Inc.San Francisco, CATechnology9 Sep 2021$500m
Deel, Inc.San Francisco, CATechnology14 Sep 2021$429m
Cityblock Health, Inc.Brooklyn, NYTechnology3 Sep 2021$374m
Ares PBN Finance Co. LLCLos Angeles, CAFinance24 Sep 2021$364m
Advantage AVP Parent Holdings, L.P.Miami, FLHealth30 Sep 2021$358m
Solugen, Inc.Houston, TXTechnology2 Sep 2021$357m
BetterUP, Inc.San Francisco, CATechnology24 Sep 2021$339m
Medable Inc.Palo Alto, CAHealth30 Sep 2021$304m
Bolt Financial, Inc.San Francisco, CAOther23 Sep 2021$288m
Notion Labs, Inc.San Francisco, CATechnology28 Sep 2021$260m
Wave Mobile Money Holdings Inc.Boston, MAOther1 Sep 2021$248m
JumpCloud Inc.Louisville, COTechnology3 Sep 2021$225m
Merama Inc.Spring, TXOther13 Sep 2021$211m
Opentrons Labworks Inc.New York, NYOther20 Sep 2021$209m
AMICUS THERAPEUTICS, INC.Philadelphia, PAHealth29 Sep 2021$200m
SIDEWALK INFRASTRUCTURE PARTNERS, LLCBrooklyn, NYOther7 Sep 2021$190m
Centerspace, LPMinot, NDReal estate1 Sep 2021$181m
Lancium Technologies CorpHouston, TXTechnology21 Sep 2021$150m
Commure, Inc.San Francisco, CATechnology13 Sep 2021$150m
Commure, Inc.San Francisco, CATechnology1 Sep 2021$149m
Nest Management L.P.Menlo Park, CAOther1 Sep 2021$147m

Which states raised the most?

CA led with $6.8bn across 244 raises.

StateRaisesTotal
CA244$6.8bn
MA51$3.1bn
NY121$2.4bn
TX109$1.5bn
PA28$1.4bn
CO50$886m
NJ21$852m
FL71$842m
IL35$428m
OH16$345m
WA39$318m
AZ31$292m
TN10$272m
VA18$272m
ND2$189m
MI13$187m
MN15$143m
DE16$142m
MO18$108m
NC19$107m
NV17$106m
GA21$105m
IN16$99.2m
OR17$77.1m
DC10$76.3m

Sources

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