How much did US private companies raise in March 2024?
941 companies reported raises totalling $13bn on SEC Form D in March 2024. Technology was the largest sector at $3.3bn, and CA the largest state at $4.2bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $3.3bn across 267 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 267 | $3.3bn | 25% |
| Health | 131 | $2.8bn | 22% |
| Other | 209 | $2.6bn | 20% |
| Real estate | 168 | $1.2bn | 9% |
| Consumer & industrial | 71 | $1.2bn | 9% |
| Energy | 22 | $1.1bn | 8% |
| Finance | 73 | $805m | 6% |
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 |
|---|---|---|---|---|
| Grammarly, Inc. | San Francisco, CA | Technology | 4 Mar 2024 | $1bn |
| BLUEHALO HOLDINGS PARENT, LLC | Bethesda, MD | Other | 1 Mar 2024 | $723m |
| Wonder Group, Inc. | New York, NY | Consumer & industrial | 15 Mar 2024 | $718m |
| Avidity Biosciences, Inc. | San Diego, CA | Health | 4 Mar 2024 | $400m |
| Nexamp, Inc. | Boston, MA | Energy | 31 Mar 2024 | $370m |
| Crinetics Pharmaceuticals, Inc. | San Diego, CA | Health | 1 Mar 2024 | $350m |
| TALOS ENERGY INC. | Houston, TX | Energy | 4 Mar 2024 | $323m |
| Magic AI, Inc | San Francisco, CA | Other | 29 Mar 2024 | $321m |
| Avison Young (Canada) Inc. | Chicago, IL | Real estate | 12 Mar 2024 | $297m |
| Monad Labs, Inc. | Califon, NJ | Technology | 12 Mar 2024 | $216m |
| GS Finance Corp. | New York, NY | Finance | 28 Mar 2024 | $198m |
| Atlas Energy Solutions Inc. | Austin, TX | Energy | 5 Mar 2024 | $175m |
| Celestial AI Inc. | Santa Clara, CA | Technology | 26 Mar 2024 | $174m |
| Endo, Inc. | Malvern, PA | Health | 21 Mar 2024 | $171m |
| Hometown Financial Group, Inc. /MA/ | Easthampton, MA | Finance | 5 Mar 2024 | $135m |
| TXSE Group Inc. | Houston, TX | Other | 19 Mar 2024 | $133m |
| Avalo Therapeutics, Inc. | Rockville, MD | Health | 27 Mar 2024 | $131m |
| ALUMIS INC. | South San Francisco, CA | Health | 4 Mar 2024 | $129m |
| Capital Rx, Inc. | New York, NY | Other | 6 Mar 2024 | $115m |
| Rightway Healthcare, Inc. | New York, NY | Health | 25 Mar 2024 | $109m |
| One Source To Market, LLC | Los Angeles, CA | Consumer & industrial | 8 Mar 2024 | $100m |
| AXONIUS, INC. | New York, NY | Technology | 1 Mar 2024 | $100m |
| ByHeart, Inc. | New York, NY | Health | 28 Mar 2024 | $95.5m |
| Human Interest Inc. | San Francisco, CA | Other | 11 Mar 2024 | $92.8m |
| Enliven Therapeutics, Inc. | Boulder, CO | Health | 21 Mar 2024 | $90m |
Which states raised the most?
CA led with $4.2bn across 175 raises.
| State | Raises | Total |
|---|---|---|
| CA | 175 | $4.2bn |
| NY | 108 | $2.4bn |
| TX | 83 | $1.2bn |
| MD | 15 | $931m |
| MA | 45 | $921m |
| IL | 24 | $500m |
| CO | 39 | $412m |
| FL | 55 | $345m |
| PA | 30 | $338m |
| NJ | 14 | $309m |
| WA | 36 | $251m |
| VA | 17 | $202m |
| GA | 24 | $99.5m |
| AL | 7 | $99.4m |
| MN | 18 | $87.7m |
| NC | 30 | $78.4m |
| UT | 21 | $63.3m |
| NV | 13 | $59.5m |
| OH | 20 | $57.6m |
| TN | 10 | $49.1m |
| AZ | 14 | $47.8m |
| MO | 5 | $47.3m |
| MI | 11 | $44.6m |
| NE | 7 | $44.1m |
| DE | 11 | $43.2m |