How much did US private companies raise in September 2026?
399 companies reported raises totalling $4.1bn on SEC Form D in September 2026. Technology was the largest sector at $1.8bn, and CA the largest state at $1.5bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Technology led with $1.8bn across 135 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Technology | 135 | $1.8bn | 44% |
| Finance | 30 | $679m | 16% |
| Real estate | 76 | $530m | 13% |
| Health | 58 | $526m | 13% |
| Other | 64 | $453m | 11% |
| Energy | 11 | $60.2m | 1% |
| Consumer & industrial | 25 | $50m | 1% |
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 |
|---|---|---|---|---|
| SIERRA INTERNATIONAL NETWORK INC | Irvine, CA | Technology | 15 Sep 2026 | $502m |
| LMA 2026-1, LLC | New York, NY | Finance | 22 Sep 2026 | $341m |
| Superhuman Platform Inc. | San Francisco, CA | Technology | 14 Sep 2026 | $335m |
| Precision Neuroscience Corp | New York, NY | Health | 11 Sep 2026 | $250m |
| Dream Finders Homes, Inc. | Jacksonville, FL | Real estate | 14 Sep 2026 | $225m |
| Cityblock Health, Inc. | Brooklyn, NY | Technology | 21 Sep 2026 | $206m |
| Quartermaster AI, Inc | Arlington, VA | Technology | 14 Sep 2026 | $123m |
| STARC Acquisitions, Inc. | Foster City, CA | Other | 9 Sep 2026 | $117m |
| Onto AI LLC | Lewes, DE | Technology | 4 Sep 2026 | $100m |
| Superhuman Platform Inc. | San Francisco, CA | Technology | 20 Sep 2026 | $91.6m |
| Alpfa Medical, Inc. | Palo Alto, CA | Health | 11 Sep 2026 | $80.3m |
| Stuut, Inc. | New York, NY | Technology | 3 Sep 2026 | $67.6m |
| Trimtab Impact Inc. | Brooklyn, NY | Other | 9 Sep 2026 | $52m |
| Caspian Therapeutics, Inc. | San Diego, CA | Health | 8 Sep 2026 | $50m |
| Whisper Aero Inc. | Crossville, TN | Energy | 2 Sep 2026 | $46.3m |
| Jamesmark Bancshares, Inc. | Springfield, MO | Finance | 3 Sep 2026 | $45m |
| Vulcan Infrastructure & Power Inc. | Pittsford, NY | Other | 10 Sep 2026 | $39.3m |
| Incode Technologies, Inc. | San Francisco, CA | Technology | 2 Sep 2026 | $37m |
| Fieldpoint Private Holdings, Inc. | Greenwich, CT | Finance | 9 Sep 2026 | $34m |
| PFARADIGM Health, Inc. | Palo Alto, CA | Health | 11 Sep 2026 | $31.1m |
| Ironsite AI Inc. | San Francisco, CA | Technology | 4 Sep 2026 | $30.8m |
| XN Companies Inc. | New York, NY | Finance | 4 Sep 2026 | $30.5m |
| Xpect Solutions Parent Holdings LLC | Radnor, PA | Other | 2 Sep 2026 | $29.5m |
| KB Grandview, DST | Las Vegas, NV | Real estate | 4 Sep 2026 | $27.5m |
| NewSpring Holdings Federal (Vista) LLC | Radnor, PA | Other | 2 Sep 2026 | $27.4m |
Which states raised the most?
CA led with $1.5bn across 68 raises.
| State | Raises | Total |
|---|---|---|
| CA | 68 | $1.5bn |
| NY | 45 | $1.1bn |
| FL | 30 | $302m |
| TX | 37 | $157m |
| DE | 17 | $156m |
| VA | 10 | $139m |
| PA | 13 | $93.1m |
| MO | 4 | $70.5m |
| TN | 7 | $68.7m |
| MA | 13 | $65.4m |
| WA | 9 | $41.2m |
| CT | 3 | $40.7m |
| NV | 9 | $37.3m |
| AR | 7 | $30.8m |
| IN | 7 | $29.9m |
| OH | 9 | $28.5m |
| MI | 7 | $28.4m |
| MD | 10 | $26.4m |
| IL | 7 | $26.3m |
| GA | 13 | $24.6m |
| CO | 13 | $18.5m |
| UT | 7 | $15.2m |
| WI | 5 | $14.5m |
| OR | 3 | $14.3m |
| DC | 2 | $13.5m |