How much did US private companies raise in April 2023?
904 companies reported raises totalling $7.9bn on SEC Form D in April 2023. Technology was the largest sector at $2.6bn, and CA the largest state at $2.2bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $2.6bn across 278 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 278 | $2.6bn | 33% |
| Health | 118 | $1.7bn | 22% |
| Other | 216 | $1.6bn | 20% |
| Real estate | 141 | $880m | 11% |
| Finance | 48 | $597m | 8% |
| Energy | 38 | $332m | 4% |
| Consumer & industrial | 65 | $178m | 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 |
|---|---|---|---|---|
| Aestas Management Company, LLC | San Francisco, CA | Technology | 10 Apr 2023 | $496m |
| Electric Hydrogen Co. | Natick, MA | Other | 6 Apr 2023 | $381m |
| CRA Funding VIII, LLC | New York, NY | Finance | 21 Apr 2023 | $273m |
| Legend Biotech Corp | Somerset, NJ | Health | 19 Apr 2023 | $200m |
| Saluda Medical, Inc. | Bloomington, MN | Health | 6 Apr 2023 | $150m |
| Tools for Humanity Corp | San Francisco, CA | Technology | 12 Apr 2023 | $115m |
| CORTICA INC. | San Diego, CA | Health | 10 Apr 2023 | $115m |
| KORTUC USA INC. | Menlo Park, CA | Health | 30 Apr 2023 | $109m |
| Boundless Bio, Inc. | San Diego, CA | Health | 5 Apr 2023 | $100m |
| Gravie, Inc. | Minneapolis, MN | Health | 11 Apr 2023 | $100m |
| Celestial AI Inc. | Santa Clara, CA | Technology | 11 Apr 2023 | $100m |
| Pinecone Systems, Inc. | New York, NY | Technology | 10 Apr 2023 | $100m |
| BillGO, Inc. | Fort Collins, CO | Technology | 3 Apr 2023 | $94.3m |
| GYNESONICS, INC | Redwood City, CA | Health | 6 Apr 2023 | $92.2m |
| BSP-BPI Holdings LLC | New York, NY | Other | 20 Apr 2023 | $90m |
| Dura Software, Inc. | San Antonio, TX | Technology | 3 Apr 2023 | $83.2m |
| NEONC TECHNOLOGIES HOLDINGS, INC. | Los Angeles, CA | Health | 7 Apr 2023 | $80m |
| FSC Industrial Portfolio 27, DST | Wall, NJ | Real estate | 28 Apr 2023 | $78.3m |
| NEXT Renewable Fuels, Inc. | Houston, TX | Energy | 14 Apr 2023 | $75m |
| Kemin Industries, Inc. | Des Moines, IA | Other | 14 Apr 2023 | $65m |
| Kemin Foods, L.C. | Des Moines, IA | Other | 14 Apr 2023 | $65m |
| Kemin Holdings, L.C. | Des Moines, IA | Other | 14 Apr 2023 | $65m |
| Sequelae, Inc. | Minneapolis, MN | Technology | 18 Apr 2023 | $60m |
| Huntress Labs Inc | Ellicott City, MD | Other | 20 Apr 2023 | $60m |
| Sortera Technologies, Inc. | Markle, IN | Other | 13 Apr 2023 | $59.3m |
Which states raised the most?
CA led with $2.2bn across 150 raises.
| State | Raises | Total |
|---|---|---|
| CA | 150 | $2.2bn |
| NY | 89 | $1bn |
| TX | 96 | $796m |
| MA | 37 | $644m |
| MN | 14 | $378m |
| NJ | 18 | $362m |
| FL | 67 | $356m |
| CO | 40 | $260m |
| IA | 7 | $212m |
| IL | 30 | $174m |
| PA | 28 | $155m |
| NC | 27 | $145m |
| NV | 7 | $102m |
| TN | 12 | $99.3m |
| MD | 12 | $92m |
| UT | 12 | $87.8m |
| AZ | 22 | $86.7m |
| WA | 35 | $81.6m |
| IN | 13 | $74.3m |
| DE | 14 | $73.5m |
| GA | 8 | $68.9m |
| VA | 17 | $67.5m |
| CT | 12 | $52.8m |
| OR | 11 | $45.4m |
| MI | 17 | $44.9m |