How much did US private companies raise in May 2026?
734 companies reported raises totalling $11.9bn on SEC Form D in May 2026. Technology was the largest sector at $4.2bn, and CA the largest state at $3.4bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $4.2bn across 226 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 226 | $4.2bn | 35% |
| Other | 160 | $2.8bn | 23% |
| Finance | 41 | $1.7bn | 14% |
| Real estate | 132 | $1bn | 8% |
| Health | 107 | $982m | 8% |
| Energy | 16 | $649m | 5% |
| Consumer & industrial | 52 | $628m | 5% |
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 |
|---|---|---|---|---|
| Multi-Color Corp | Atlanta, GA | Other | 11 May 2026 | $1.3bn |
| PACIFIC LIFE INSURANCE CO | Newport Beach, CA | Finance | 26 May 2026 | $791m |
| Supabase, Inc. | Dover, DE | Technology | 13 May 2026 | $650m |
| Labels Buyer, LLC | Atlanta, GA | Other | 11 May 2026 | $558m |
| Generalist AI, Inc. | San Francisco, CA | Technology | 29 May 2026 | $364m |
| Payward, Inc. | Cheyenne, WY | Technology | 8 May 2026 | $354m |
| EnerVenue Holdings, Ltd. | Fremont, CA | Energy | 7 May 2026 | $340m |
| PARKWAY BANCORP INC/IL | Harwood Heights, IL | Finance | 27 May 2026 | $339m |
| WALDEN ROBOTICS, INC. | Cambridge, MA | Technology | 26 May 2026 | $302m |
| Exa Labs Inc. | San Francisco, CA | Technology | 15 May 2026 | $247m |
| Advanced Manufacturing Co of America, Inc. | El Segundo, CA | Consumer & industrial | 8 May 2026 | $245m |
| Circle Internet Group, Inc. | New York, NY | Technology | 8 May 2026 | $222m |
| Blue Owl Real Estate Exchange VI DST | Chicago, IL | Real estate | 21 May 2026 | $216m |
| Mercury Technologies, Inc. | San Francisco, CA | Technology | 8 May 2026 | $200m |
| ThreatLocker, Inc. | Orlando, FL | Technology | 20 May 2026 | $189m |
| Blitzy, Inc. | Cambridge, MA | Technology | 1 May 2026 | $189m |
| Modal Labs, Inc. | New York, NY | Technology | 15 May 2026 | $175m |
| LAW OFFICES OF COREY D. BODDIE, ESQ. LLC | Atlanta, GA | Other | 15 May 2026 | $160m |
| Ollin Biosciences, Inc. | Austin, TX | Health | 14 May 2026 | $156m |
| Armada Capital, LLC / OK | Oklahoma City, OK | Energy | 21 May 2026 | $156m |
| Farther Finance, Inc. | San Francisco, CA | Finance | 4 May 2026 | $146m |
| Twenty Technologies, Inc. | Arlington, VA | Technology | 4 May 2026 | $131m |
| Quince Therapeutics, Inc. | South San Francisco, CA | Health | 18 May 2026 | $115m |
| Send Cut Send, Inc. | Reno, NV | Consumer & industrial | 1 May 2026 | $110m |
| Taktile Holding, Inc. | New York, NY | Other | 18 May 2026 | $110m |
Which states raised the most?
CA led with $3.4bn across 138 raises.
| State | Raises | Total |
|---|---|---|
| CA | 138 | $3.4bn |
| GA | 13 | $2.1bn |
| NY | 73 | $1.1bn |
| DE | 27 | $687m |
| IL | 21 | $645m |
| MA | 35 | $639m |
| TX | 76 | $579m |
| FL | 53 | $442m |
| WY | 9 | $391m |
| VA | 14 | $214m |
| MD | 9 | $189m |
| OK | 6 | $176m |
| NV | 11 | $139m |
| MI | 4 | $136m |
| WA | 20 | $133m |
| PA | 20 | $104m |
| AZ | 15 | $93.8m |
| LA | 4 | $83.4m |
| CO | 23 | $73m |
| CT | 8 | $72m |
| AL | 8 | $63.6m |
| NC | 16 | $50.2m |
| MN | 12 | $47.9m |
| DC | 5 | $41.2m |
| IA | 4 | $40.3m |