How much did US private companies raise in February 2023?
795 companies reported raises totalling $5.8bn on SEC Form D in February 2023. Technology was the largest sector at $1.7bn, and CA the largest state at $1.1bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $1.7bn across 221 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 221 | $1.7bn | 29% |
| Health | 121 | $1.5bn | 25% |
| Other | 195 | $957m | 16% |
| Real estate | 120 | $818m | 14% |
| Finance | 55 | $596m | 10% |
| Consumer & industrial | 65 | $172m | 3% |
| Energy | 18 | $130m | 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 |
|---|---|---|---|---|
| DIANA WEST CAPITAL CORP | Sheridan, WY | Technology | 27 Feb 2023 | $226m |
| ZIMMER BIOMET HOLDINGS, INC. | Warsaw, IN | Health | 6 Feb 2023 | $216m |
| Firefly Aerospace Inc. | Cedar Park, TX | Technology | 2 Feb 2023 | $179m |
| KOCH INDUSTRIES INC | Wichita, KS | Other | 28 Feb 2023 | $148m |
| Chroma Medicine, Inc. | Boston, MA | Health | 8 Feb 2023 | $135m |
| Cottonwood Communities, Inc. | Salt Lake City, UT | Real estate | 7 Feb 2023 | $108m |
| GreenState Credit Union | North Liberty, IA | Finance | 2 Feb 2023 | $100m |
| Morphic Holding, Inc. | Waltham, MA | Health | 15 Feb 2023 | $100m |
| Derm Holdings LLC | Boca Raton, FL | Health | 23 Feb 2023 | $90m |
| Span.IO, Inc. | San Francisco, CA | Technology | 17 Feb 2023 | $84m |
| Crosstown Fiber Holdings LLC | San Francisco, CA | Technology | 3 Feb 2023 | $77.2m |
| GMT Exploration Co LLC | Denver, CO | Energy | 28 Feb 2023 | $73.1m |
| CARGO Therapeutics, Inc. | San Mateo, CA | Health | 9 Feb 2023 | $68.8m |
| Wellvana Health, LLC | Nashville, TN | Health | 24 Feb 2023 | $64.5m |
| GC Champion Holdings, LLC | San Francisco, CA | Other | 22 Feb 2023 | $63.8m |
| Starco Brands, Inc. | Santa Monica, CA | Other | 15 Feb 2023 | $57.5m |
| Layr Labs, Inc. | Redmond, WA | Technology | 17 Feb 2023 | $56.7m |
| Ghost Autonomy Inc. | Mountain View, CA | Technology | 27 Feb 2023 | $55m |
| Perspective Therapeutics, Inc. | Richland, WA | Health | 3 Feb 2023 | $54.6m |
| Dreamscape Entertainment Integrated Resorts, Inc. | Las Vegas, NV | Real estate | 9 Feb 2023 | $54.5m |
| SPRUCE BIOSCIENCES, INC. | South San Francisco, CA | Health | 16 Feb 2023 | $53.6m |
| TILT Holdings Inc. | Phoenix, AZ | Other | 15 Feb 2023 | $52.8m |
| Victory Financial Corp /TX | Lubbock, TX | Finance | 3 Feb 2023 | $52m |
| Dreamscape Entertainment Properties, Inc. | Las Vegas, NV | Real estate | 9 Feb 2023 | $50.6m |
| ThayerMahan, Inc. | Groton, CT | Technology | 1 Feb 2023 | $50.2m |
Which states raised the most?
CA led with $1.1bn across 128 raises.
| State | Raises | Total |
|---|---|---|
| CA | 128 | $1.1bn |
| TX | 82 | $652m |
| MA | 32 | $452m |
| NY | 75 | $388m |
| FL | 56 | $262m |
| IN | 6 | $243m |
| WY | 3 | $242m |
| NJ | 19 | $223m |
| WA | 25 | $196m |
| CO | 28 | $165m |
| UT | 17 | $158m |
| KS | 2 | $150m |
| MN | 24 | $128m |
| NV | 9 | $128m |
| IL | 30 | $127m |
| PA | 20 | $123m |
| IA | 6 | $110m |
| NC | 25 | $108m |
| TN | 16 | $103m |
| CT | 11 | $103m |
| AZ | 10 | $95.9m |
| MD | 8 | $70.9m |
| MI | 10 | $57.6m |
| OR | 10 | $55.8m |
| VA | 14 | $54.6m |