How much did US private companies raise in December 2023?
1,025 companies reported raises totalling $10.9bn on SEC Form D in December 2023. Other was the largest sector at $3.4bn, and NY the largest state at $3bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Other led with $3.4bn across 215 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Other | 215 | $3.4bn | 31% |
| Technology | 295 | $2.7bn | 24% |
| Health | 147 | $1.9bn | 17% |
| Real estate | 158 | $1.1bn | 10% |
| Energy | 47 | $745m | 7% |
| Finance | 78 | $614m | 6% |
| Consumer & industrial | 85 | $483m | 4% |
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 |
|---|---|---|---|---|
| Aureus Capital Ltd | New York, NY | Other | 5 Dec 2023 | $2bn |
| Fifth Star LLC | Chicago, IL | Technology | 12 Dec 2023 | $281m |
| Koloma, Inc. | Denver, CO | Energy | 21 Dec 2023 | $246m |
| NATRON ENERGY, INC. | Santa Clara, CA | Energy | 28 Dec 2023 | $189m |
| Spyre Therapeutics, Inc. | Waltham, MA | Health | 11 Dec 2023 | $180m |
| Vestwell Holdings Inc. | New York, NY | Technology | 20 Dec 2023 | $176m |
| Enterprise Housing Partners XLIII Limited Partnership | Columbia, MD | Real estate | 14 Dec 2023 | $170m |
| Lightmatter, Inc. | Boston, MA | Technology | 18 Dec 2023 | $155m |
| Cellanome, Inc. | Palo Alto, CA | Health | 4 Dec 2023 | $150m |
| Happy Money Holdings, Inc. | Madison, WI | Other | 28 Dec 2023 | $146m |
| Banner Apex Holdings, LLC | Westport, CT | Consumer & industrial | 1 Dec 2023 | $141m |
| Employee Health Holdings, LP | New York, NY | Health | 11 Dec 2023 | $128m |
| Capital Funding Bancorp, Inc. | Baltimore, MD | Finance | 19 Dec 2023 | $125m |
| Lyndra Therapeutics, Inc. | Watertown, MA | Health | 15 Dec 2023 | $123m |
| Emory Peak Holdings II, LLC | Houston, TX | Energy | 21 Dec 2023 | $120m |
| Nalu Medical, Inc. | Carlsbad, CA | Health | 21 Dec 2023 | $115m |
| PerformYard, Inc. | Arlington, VA | Other | 20 Dec 2023 | $95m |
| Parry Labs Holdings, LLC | Alexandria, VA | Other | 22 Dec 2023 | $90.7m |
| Niron Magnetics, Inc. | Minneapolis, MN | Technology | 20 Dec 2023 | $90.6m |
| BlossomHill Therapeutics, Inc. | San Diego, CA | Health | 28 Dec 2023 | $88.6m |
| Hadrian Automation, Inc. | Torrance, CA | Other | 11 Dec 2023 | $86.3m |
| Advantia Holdings LLC | Arlington, VA | Health | 29 Dec 2023 | $82.7m |
| Blue Owl Real Estate Exchange I DST | Chicago, IL | Real estate | 14 Dec 2023 | $80.1m |
| Mirador Therapeutics, Inc. | San Diego, CA | Health | 14 Dec 2023 | $80m |
| SYNNOVATION THERAPEUTICS, INC. | Wilmington, DE | Health | 8 Dec 2023 | $69.9m |
Which states raised the most?
NY led with $3bn across 98 raises.
| State | Raises | Total |
|---|---|---|
| NY | 98 | $3bn |
| CA | 179 | $2bn |
| MA | 67 | $992m |
| TX | 81 | $760m |
| IL | 25 | $514m |
| VA | 26 | $426m |
| CO | 49 | $406m |
| MD | 20 | $384m |
| DE | 28 | $225m |
| MN | 19 | $220m |
| CT | 12 | $199m |
| UT | 20 | $181m |
| WI | 9 | $164m |
| FL | 51 | $142m |
| NJ | 32 | $140m |
| GA | 18 | $109m |
| NV | 13 | $98.8m |
| NC | 29 | $97m |
| WA | 31 | $85.7m |
| MO | 10 | $84m |
| PA | 20 | $80.6m |
| OH | 22 | $77.3m |
| IN | 13 | $74.7m |
| TN | 14 | $68.6m |
| SC | 11 | $52.3m |