How much did US private companies raise in May 2024?
987 companies reported raises totalling $17.3bn on SEC Form D in May 2024. Technology was the largest sector at $9.6bn, and CA the largest state at $8.3bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $9.6bn across 288 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 288 | $9.6bn | 55% |
| Other | 216 | $3.6bn | 21% |
| Health | 123 | $1.7bn | 10% |
| Real estate | 197 | $974m | 6% |
| Consumer & industrial | 71 | $600m | 3% |
| Finance | 67 | $578m | 3% |
| Energy | 25 | $297m | 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 |
|---|---|---|---|---|
| X.AI CORP. | Burlingame, CA | Technology | 10 May 2024 | $5bn |
| Apollo Asset Backed Credit Co LLC | New York, NY | Other | 2 May 2024 | $1.6bn |
| CoreWeave, Inc. | Roseland, NJ | Technology | 16 May 2024 | $1.1bn |
| Metropolis Technologies, Inc. | Santa Monica, CA | Technology | 16 May 2024 | $1bn |
| Figma, Inc. | San Francisco, CA | Other | 15 May 2024 | $416m |
| TrialSpark, Inc. | New York, NY | Health | 21 May 2024 | $372m |
| DraftKings Inc. | Boston, MA | Technology | 22 May 2024 | $324m |
| BPCP NSA Holdings, Inc. | Cleveland, OH | Consumer & industrial | 17 May 2024 | $265m |
| Cineworld Parent Ltd | Knoxville, TN | Other | 21 May 2024 | $250m |
| Zenas BioPharma, Inc. | Waltham, MA | Health | 3 May 2024 | $200m |
| Tidal Vision Products, Inc. | Bellingham, WA | Technology | 1 May 2024 | $189m |
| Bluejay Therapeutics, Inc. | San Mateo, CA | Technology | 1 May 2024 | $182m |
| MDS 2024-Shale Development, LP | Pittsburgh, PA | Energy | 30 May 2024 | $177m |
| ONE Group Hospitality, Inc. | Denver, CO | Consumer & industrial | 1 May 2024 | $160m |
| Botco, Inc. | San Francisco, CA | Technology | 6 May 2024 | $151m |
| Koios Medical, Inc. | New York, NY | Health | 17 May 2024 | $130m |
| Context Therapeutics Inc. | Philadelphia, PA | Health | 6 May 2024 | $100m |
| Bright Peak Therapeutics, Inc. | Del Mar, CA | Other | 7 May 2024 | $90m |
| Aardvark Therapeutics, Inc. | San Diego, CA | Health | 1 May 2024 | $85m |
| Apex Technology, Inc. | Culver City, CA | Other | 24 May 2024 | $71.9m |
| BHN Holdings, Inc. | Pleasanton, CA | Finance | 6 May 2024 | $71.7m |
| Progentos Therapeutics, Inc. | Watertown, MA | Other | 3 May 2024 | $68.6m |
| Outrider Technologies, Inc. | Brighton, CO | Technology | 28 May 2024 | $62.5m |
| JLLX Grand Prairie Distribution Center, DST | Chicago, IL | Real estate | 16 May 2024 | $62m |
| Richmond National Group, Inc. | Richmond, VA | Finance | 13 May 2024 | $55.2m |
Which states raised the most?
CA led with $8.3bn across 189 raises.
| State | Raises | Total |
|---|---|---|
| CA | 189 | $8.3bn |
| NY | 101 | $2.7bn |
| NJ | 18 | $1.3bn |
| MA | 44 | $835m |
| TX | 90 | $541m |
| PA | 32 | $441m |
| CO | 49 | $371m |
| WA | 38 | $366m |
| OH | 22 | $344m |
| IL | 35 | $265m |
| TN | 8 | $264m |
| FL | 59 | $205m |
| VA | 20 | $184m |
| NC | 22 | $166m |
| MD | 17 | $145m |
| IN | 14 | $136m |
| OK | 7 | $103m |
| OR | 21 | $72.4m |
| NV | 12 | $69.5m |
| MN | 12 | $58.9m |
| NM | 2 | $51.9m |
| UT | 15 | $51.4m |
| AR | 4 | $51.1m |
| CT | 12 | $51m |
| AZ | 18 | $49.6m |