How much did US private companies raise in January 2026?
765 companies reported raises totalling $7.8bn on SEC Form D in January 2026. Finance was the largest sector at $1.9bn, and CA the largest state at $2.6bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Finance led with $1.9bn across 53 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Finance | 53 | $1.9bn | 24% |
| Other | 167 | $1.9bn | 24% |
| Technology | 211 | $1.8bn | 23% |
| Real estate | 176 | $1bn | 13% |
| Health | 82 | $724m | 9% |
| Consumer & industrial | 60 | $269m | 3% |
| Energy | 16 | $215m | 3% |
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 |
|---|---|---|---|---|
| PACIFIC LIFE INSURANCE CO | Newport Beach, CA | Finance | 16 Jan 2026 | $783m |
| Baldwin Insurance Group, Inc. | Tampa, FL | Finance | 2 Jan 2026 | $552m |
| EQT Infrastructure Co LLC | New York, NY | Other | 30 Jan 2026 | $540m |
| D-Wave Quantum Inc. | Palo Alto, CA | Technology | 20 Jan 2026 | $275m |
| Blue Owl Real Estate Exchange V DST | Chicago, IL | Real estate | 22 Jan 2026 | $236m |
| Positron AI, Inc. | Reno, NV | Other | 16 Jan 2026 | $234m |
| True Talent Advisory LLC | Philadelphia, PA | Other | 9 Jan 2026 | $197m |
| Flapping Airplanes, Inc. | San Francisco, CA | Technology | 16 Jan 2026 | $180m |
| NLC VA 14 Raleigh Healthcare DST | Nashua, NH | Real estate | 26 Jan 2026 | $165m |
| Span.IO, Inc. | San Francisco, CA | Technology | 15 Jan 2026 | $163m |
| NovaBay Pharmaceuticals, Inc. | Emeryville, CA | Other | 16 Jan 2026 | $134m |
| DroneBase, Inc. | San Diego, CA | Technology | 27 Jan 2026 | $130m |
| FIRST & FIRST RESIDENTIAL PARTNERS III LLC | Delray Beach, FL | Real estate | 12 Jan 2026 | $124m |
| Elysium Private Equity Firm | Cheyenne, WY | Finance | 22 Jan 2026 | $100m |
| Legence Corp. | San Jose, CA | Energy | 2 Jan 2026 | $100m |
| VantAI Holdings, Inc. | New York, NY | Health | 12 Jan 2026 | $91.5m |
| Superstate Inc. | New York, NY | Other | 9 Jan 2026 | $77.5m |
| Mirum Pharmaceuticals, Inc. | Foster City, CA | Health | 23 Jan 2026 | $68.5m |
| AirNexis Therapeutics, Inc. | Palo Alto, CA | Health | 9 Jan 2026 | $62m |
| Typewriter Therapeutics, Inc. | Cambridge, MA | Health | 8 Jan 2026 | $56.3m |
| Big Shot Pictures Inc. | Los Angeles, CA | Other | 23 Jan 2026 | $55.5m |
| RELIABLE COMMUNITY BANCSHARES INC | Perryville, MO | Finance | 29 Jan 2026 | $55m |
| Alacriti Payments Inc. | Bridgewater, NJ | Consumer & industrial | 6 Jan 2026 | $55m |
| Planters Holding Co | Indianola, MS | Finance | 1 Jan 2026 | $53.5m |
| Symmetry, LLC | Davis, CA | Consumer & industrial | 26 Jan 2026 | $50m |
Which states raised the most?
CA led with $2.6bn across 125 raises.
| State | Raises | Total |
|---|---|---|
| CA | 125 | $2.6bn |
| NY | 99 | $1.1bn |
| FL | 46 | $837m |
| NV | 9 | $360m |
| MA | 31 | $296m |
| IL | 18 | $291m |
| PA | 16 | $228m |
| TX | 72 | $192m |
| NJ | 12 | $181m |
| NH | 5 | $168m |
| GA | 21 | $153m |
| CO | 28 | $131m |
| WY | 10 | $131m |
| MO | 6 | $101m |
| TN | 13 | $98.3m |
| WA | 27 | $94.2m |
| DE | 32 | $77.6m |
| MS | 2 | $68.5m |
| UT | 13 | $68.3m |
| OH | 9 | $59.1m |
| DC | 7 | $44.3m |
| IA | 5 | $43.9m |
| VA | 17 | $38.3m |
| WV | 2 | $36m |
| NE | 3 | $34.8m |