How much did US private companies raise in February 2026?
690 companies reported raises totalling $10.6bn on SEC Form D in February 2026. Technology was the largest sector at $5.7bn, and DE the largest state at $2.3bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $5.7bn across 189 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 189 | $5.7bn | 54% |
| Health | 99 | $1.2bn | 11% |
| Other | 153 | $1.2bn | 11% |
| Real estate | 127 | $863m | 8% |
| Energy | 17 | $848m | 8% |
| Finance | 41 | $385m | 4% |
| Consumer & industrial | 64 | $371m | 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 |
|---|---|---|---|---|
| Marvell Technology, Inc. | Wilmington, DE | Technology | 2 Feb 2026 | $2bn |
| MatX Inc. | Mountain View, CA | Technology | 18 Feb 2026 | $528m |
| Snowflake Inc. | Bozeman, MT | Technology | 2 Feb 2026 | $376m |
| INFINITY NATURAL RESOURCES, INC. | Morgantown, WV | Energy | 23 Feb 2026 | $350m |
| Sensei Biotherapeutics, Inc. | Rockville, MD | Health | 17 Feb 2026 | $349m |
| Curaleaf Holdings, Inc. | Stamford, CT | Other | 18 Feb 2026 | $345m |
| Stoke Space Technologies, Inc. | Kent, WA | Technology | 6 Feb 2026 | $275m |
| Raintank Inc. | New York, NY | Technology | 25 Feb 2026 | $250m |
| Databricks, Inc. | San Francisco, CA | Technology | 21 Feb 2026 | $241m |
| Science Corp | Alameda, CA | Technology | 26 Feb 2026 | $230m |
| Koch, Inc. | Wichita, KS | Other | 27 Feb 2026 | $224m |
| Thompson Thrift 2026 Multifamily Development, LP | Indianapolis, IN | Real estate | 9 Feb 2026 | $222m |
| Marvell Technology, Inc. | Wilmington, DE | Technology | 10 Feb 2026 | $200m |
| Nexamp, Inc. | Boston, MA | Energy | 27 Feb 2026 | $180m |
| Heron Power Electronics Co | Scotts Valley, CA | Consumer & industrial | 6 Feb 2026 | $138m |
| Infleqtion, Inc. | Louisville, CO | Technology | 13 Feb 2026 | $127m |
| VFN Holdings, Inc. | Boulder, CO | Technology | 13 Feb 2026 | $125m |
| Solstice Oncology, Inc. | Boston, MA | Health | 20 Feb 2026 | $121m |
| Cloaked, Inc. | New York, NY | Technology | 9 Feb 2026 | $117m |
| ILIAD BIOTECHNOLOGIES, INC. | Weston, FL | Health | 5 Feb 2026 | $116m |
| PRIVATE TECH INC. | Washington Dc, DC | Technology | 27 Feb 2026 | $105m |
| Utility Global, Inc. | Houston, TX | Energy | 11 Feb 2026 | $100m |
| DEEP FISSION, INC. | Berkeley, CA | Energy | 5 Feb 2026 | $80m |
| Nominal, Inc. | Austin, TX | Other | 13 Feb 2026 | $80m |
| Altesa BioSciences, Inc. | College Park, GA | Health | 13 Feb 2026 | $75m |
Which states raised the most?
DE led with $2.3bn across 27 raises.
| State | Raises | Total |
|---|---|---|
| DE | 27 | $2.3bn |
| CA | 94 | $1.9bn |
| NY | 56 | $888m |
| TX | 73 | $772m |
| MD | 16 | $411m |
| MA | 27 | $406m |
| CT | 14 | $386m |
| MT | 1 | $376m |
| CO | 32 | $374m |
| WV | 2 | $350m |
| WA | 16 | $318m |
| FL | 48 | $300m |
| IN | 16 | $251m |
| KS | 4 | $227m |
| NC | 20 | $183m |
| IL | 21 | $142m |
| DC | 5 | $140m |
| GA | 11 | $123m |
| PA | 19 | $74.4m |
| NJ | 13 | $72.5m |
| MN | 14 | $71.4m |
| TN | 8 | $69.4m |
| UT | 13 | $61.7m |
| MI | 10 | $48.3m |
| AL | 8 | $44.4m |