How much did US private companies raise in March 2022?
1,390 companies reported raises totalling $21.1bn on SEC Form D in March 2022. Technology was the largest sector at $6.8bn, and CA the largest state at $5.5bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $6.8bn across 431 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 431 | $6.8bn | 32% |
| Real estate | 278 | $4.3bn | 20% |
| Other | 322 | $4.2bn | 20% |
| Finance | 90 | $3.4bn | 16% |
| Health | 144 | $1.6bn | 7% |
| Consumer & industrial | 83 | $443m | 2% |
| Energy | 42 | $410m | 2% |
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 |
|---|---|---|---|---|
| SoFi Technologies, Inc. | San Francisco, CA | Finance | 3 Mar 2022 | $1.1bn |
| RSF Partners VIII, L.P. | Dallas, TX | Real estate | 23 Mar 2022 | $500m |
| JURO SYSTEM INC | Sheridan, WY | Finance | 15 Mar 2022 | $500m |
| Acacia Property Corp 2022 | Phoenix, AZ | Real estate | 18 Mar 2022 | $476m |
| YUGA LABS, INC. | Coral Gables, FL | Other | 7 Mar 2022 | $424m |
| Upside Foods, Inc. | Berkeley, CA | Technology | 24 Mar 2022 | $400m |
| Raintank Inc. | New York, NY | Technology | 11 Mar 2022 | $328m |
| AIREX Portfolio V DST | Denver, CO | Real estate | 25 Mar 2022 | $320m |
| ACP Hyperdrive Holdings, Inc. | New York, NY | Other | 8 Mar 2022 | $311m |
| High Band Holdings, LLC | Alexandria, VA | Technology | 21 Mar 2022 | $309m |
| ADREX Diversified II DST | Denver, CO | Real estate | 23 Mar 2022 | $252m |
| PureCycle Technologies, Inc. | Orlando, FL | Other | 17 Mar 2022 | $250m |
| Skydio, Inc. | San Mateo, CA | Technology | 8 Mar 2022 | $227m |
| BAM Management US Holdings Inc. | San Fransisco, CA | Technology | 25 Mar 2022 | $217m |
| Abnormal Security Corp | San Francisco, CA | Other | 7 Mar 2022 | $210m |
| WhiteHawk Income Corp | Philadelphia, PA | Energy | 30 Mar 2022 | $206m |
| AXONIUS, INC. | New York, NY | Technology | 10 Mar 2022 | $200m |
| VyStar Credit Union | Jacksonville, FL | Finance | 4 Mar 2022 | $200m |
| Fetch Rewards, Inc. | Madison, WI | Technology | 23 Mar 2022 | $190m |
| Pax8, Inc. | Greenwood Village, CO | Technology | 30 Mar 2022 | $185m |
| SAN ANDRES GENETICS | Los Angeles, CA | Technology | 8 Mar 2022 | $180m |
| 2seventy bio, Inc. | Cambridge, MA | Health | 17 Mar 2022 | $170m |
| BRC Inc. | Salt Lake City, UT | Other | 15 Mar 2022 | $170m |
| GOVERNMENT LEASE HOLDINGS DST | Nashua, NH | Real estate | 10 Mar 2022 | $154m |
| Agility Robotics, Inc. | Tangent, OR | Technology | 16 Mar 2022 | $150m |
Which states raised the most?
CA led with $5.5bn across 240 raises.
| State | Raises | Total |
|---|---|---|
| CA | 240 | $5.5bn |
| NY | 152 | $2.6bn |
| TX | 168 | $2.5bn |
| MA | 66 | $1.6bn |
| FL | 81 | $1.6bn |
| CO | 58 | $1.2bn |
| AZ | 33 | $689m |
| VA | 22 | $554m |
| WY | 7 | $530m |
| PA | 33 | $393m |
| IL | 32 | $351m |
| NV | 14 | $295m |
| NC | 36 | $295m |
| WI | 17 | $285m |
| UT | 21 | $248m |
| OR | 27 | $239m |
| OH | 27 | $216m |
| WA | 37 | $198m |
| IN | 20 | $180m |
| GA | 30 | $177m |
| NH | 3 | $176m |
| MN | 18 | $166m |
| DE | 18 | $151m |
| NJ | 32 | $128m |
| MD | 28 | $95.7m |