How much did US private companies raise in March 2026?
916 companies reported raises totalling $16bn on SEC Form D in March 2026. Technology was the largest sector at $5bn, and NY the largest state at $5bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $5bn across 243 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 243 | $5bn | 31% |
| Other | 207 | $4.1bn | 26% |
| Finance | 75 | $2.9bn | 18% |
| Real estate | 158 | $1.5bn | 10% |
| Energy | 35 | $988m | 6% |
| Health | 125 | $938m | 6% |
| Consumer & industrial | 73 | $538m | 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 |
|---|---|---|---|---|
| EAG Holdings LP | New York, NY | Other | 14 Mar 2026 | $2bn |
| NEW YORK LIFE INSURANCE & ANNUITY CORP | New York, NY | Finance | 11 Mar 2026 | $1.8bn |
| Saronic Technologies, Inc. | Austin, TX | Technology | 27 Mar 2026 | $1bn |
| Sierra Space Corp | Louisville, CO | Other | 2 Mar 2026 | $550m |
| Clinch Resources Ltd. | Knoxville, TN | Energy | 17 Mar 2026 | $507m |
| Legora, Inc. | Dover, DE | Technology | 9 Mar 2026 | $442m |
| Vulcan Elements Holdings Corp. | Durham, NC | Technology | 18 Mar 2026 | $431m |
| Verily Health Inc. | Dallas, TX | Technology | 18 Mar 2026 | $300m |
| 599 Holdings LLC | New York, NY | Real estate | 8 Mar 2026 | $241m |
| Harvey AI Corp | San Francisco, CA | Technology | 24 Mar 2026 | $200m |
| Link Apartments Operating Partnership, LP | Charlotte, NC | Real estate | 3 Mar 2026 | $199m |
| Eridu Corp | Saratoga, CA | Technology | 6 Mar 2026 | $187m |
| HavocAI Inc. | Boston, MA | Technology | 3 Mar 2026 | $187m |
| DMMS Purchaser, Inc. | New Orleans, LA | Other | 20 Mar 2026 | $171m |
| Xona Space Systems Inc. | Burlingame, CA | Other | 24 Mar 2026 | $170m |
| AeroVironment Inc | Arlington, VA | Consumer & industrial | 16 Mar 2026 | $157m |
| METROPOLITAN TOWER LIFE INSURANCE CO | Lincoln, NE | Finance | 5 Mar 2026 | $151m |
| ModRetro, Inc. | Irvine, CA | Technology | 6 Mar 2026 | $145m |
| SIERRA INTERNATIONAL NETWORK INC | Irvine, CA | Technology | 16 Mar 2026 | $145m |
| Sygaldry Technologies, Inc. | Ann Arbor, MI | Technology | 5 Mar 2026 | $139m |
| Code Metal, Inc. | Boston, MA | Technology | 11 Mar 2026 | $123m |
| XBow Holding Inc. | Seattle, WA | Technology | 16 Mar 2026 | $121m |
| MDS 2026-Shale Development, LP | Pittsburgh, PA | Energy | 24 Mar 2026 | $120m |
| OpenRouter, Inc. | New York, NY | Other | 26 Mar 2026 | $113m |
| Capstone Green Energy Holdings, Inc. | Van Nuys, CA | Energy | 31 Mar 2026 | $113m |
Which states raised the most?
NY led with $5bn across 70 raises.
| State | Raises | Total |
|---|---|---|
| NY | 70 | $5bn |
| CA | 158 | $2.5bn |
| TX | 91 | $1.9bn |
| MA | 49 | $775m |
| DE | 46 | $698m |
| NC | 20 | $676m |
| CO | 31 | $630m |
| TN | 17 | $585m |
| FL | 52 | $574m |
| WA | 29 | $399m |
| PA | 27 | $238m |
| IL | 23 | $234m |
| VA | 20 | $203m |
| MI | 14 | $193m |
| LA | 5 | $180m |
| NE | 3 | $173m |
| OR | 10 | $148m |
| MN | 16 | $120m |
| OK | 5 | $106m |
| GA | 18 | $81.6m |
| NJ | 16 | $80.3m |
| WY | 10 | $71.3m |
| MD | 20 | $57.7m |
| UT | 11 | $52.5m |
| NH | 8 | $47.7m |