How much did US private companies raise in August 2023?
959 companies reported raises totalling $16bn on SEC Form D in August 2023. Finance was the largest sector at $6.1bn, and NY the largest state at $6.5bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Finance led with $6.1bn across 75 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Finance | 75 | $6.1bn | 38% |
| Technology | 280 | $2.6bn | 16% |
| Health | 134 | $2.5bn | 15% |
| Energy | 33 | $1.5bn | 10% |
| Real estate | 183 | $1.3bn | 8% |
| Consumer & industrial | 74 | $1.1bn | 7% |
| Other | 180 | $859m | 5% |
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 |
|---|---|---|---|---|
| Coinbase Credit, Inc. | New York, NY | Finance | 28 Aug 2023 | $5bn |
| Phoenix Capital Group Holdings, LLC | Denver, CO | Energy | 29 Aug 2023 | $1.1bn |
| BDO USA, P.A. | Chicago, IL | Consumer & industrial | 31 Aug 2023 | $748m |
| Ascend Elements, Inc. | Westborough, MA | Technology | 22 Aug 2023 | $460m |
| Ramp Business Corp | New York, NY | Technology | 22 Aug 2023 | $339m |
| Neuralink Corp. | Fremont, CA | Health | 4 Aug 2023 | $323m |
| TELLURIAN INC. /DE/ | Houston, TX | Energy | 15 Aug 2023 | $299m |
| METROPOLITAN LIFE INSURANCE CO | New York, NY | Finance | 3 Aug 2023 | $231m |
| Genesis Therapeutics, Inc. | Burlingame, CA | Health | 10 Aug 2023 | $224m |
| AIREX Portfolio 7 DST | Denver, CO | Real estate | 23 Aug 2023 | $219m |
| Inhibrx, Inc. | La Jolla, CA | Health | 31 Aug 2023 | $200m |
| ADARx Pharmaceuticals, Inc. | San Diego, CA | Health | 2 Aug 2023 | $200m |
| Taysha Gene Therapies, Inc. | Dallas, TX | Health | 16 Aug 2023 | $150m |
| CRA Funding IX LLC | New York, NY | Finance | 15 Aug 2023 | $143m |
| Abcuro, Inc. | Newton, MA | Health | 11 Aug 2023 | $120m |
| Westrock Coffee Co | Little Rock, AR | Consumer & industrial | 3 Aug 2023 | $119m |
| LB PHARMACEUTICALS INC | New York, NY | Health | 29 Aug 2023 | $111m |
| PFF, LLC | Mclean, VA | Finance | 30 Aug 2023 | $109m |
| Rakuten Medical, Inc. | San Diego, CA | Health | 18 Aug 2023 | $105m |
| Beta Bionics, Inc | Irvine, CA | Health | 28 Aug 2023 | $99.5m |
| Pryon Inc | Westport, CT | Technology | 24 Aug 2023 | $98.6m |
| CSC Leasing Co. | Richmond, VA | Finance | 31 Aug 2023 | $93m |
| PACIFIC BIOSCIENCES OF CALIFORNIA, INC. | Menlo Park, CA | Technology | 2 Aug 2023 | $85m |
| INSURICA INSURANCE SERVICES, LLC | Oklahoma City, OK | Finance | 2 Aug 2023 | $83.5m |
| Ambiq Micro, Inc. | Austin, TX | Technology | 31 Aug 2023 | $83.2m |
Which states raised the most?
NY led with $6.5bn across 95 raises.
| State | Raises | Total |
|---|---|---|
| NY | 95 | $6.5bn |
| CA | 176 | $2.5bn |
| CO | 45 | $1.6bn |
| TX | 95 | $1.1bn |
| MA | 42 | $882m |
| IL | 29 | $859m |
| VA | 15 | $286m |
| FL | 62 | $268m |
| NC | 23 | $195m |
| CT | 15 | $195m |
| PA | 26 | $183m |
| GA | 24 | $161m |
| AZ | 27 | $148m |
| AR | 11 | $135m |
| WA | 24 | $88.8m |
| OK | 4 | $87.1m |
| OH | 25 | $76.1m |
| MN | 13 | $62.9m |
| IN | 15 | $59.4m |
| SC | 11 | $52.9m |
| DE | 20 | $50.4m |
| WI | 7 | $49.1m |
| MO | 9 | $41m |
| MD | 14 | $38.6m |
| AL | 2 | $34.1m |