Startup funding report: January 2026
In January 2026, 1,450 US companies filed a new Form D with the SEC, reporting $28.5B raised (+8% in companies vs December 2025). The median round was $1M, 49% of rounds were under $1M, and 75% of the companies were founded in the last five years. Real estate led by number of rounds (552). California led the states with 210.
Companies that raised
1,450
+8% vs Dec
Reported raised
$28.5B
+40% vs Dec
Median round
$1M
$1.7M in Dec
1,163
Nov1,341
Dec1,450
Jan 26Show as table
| Month | Companies |
|---|---|
| Nov | 1,163 |
| Dec | 1,341 |
| Jan 26 | 1,450 |
Under $250K382 (32%)
$250K–$1M209 (17%)
$1M–$5M300 (25%)
$5M–$20M218 (18%)
$20M–$100M64 (5%)
$100M+28 (2%)
Show as table
| Amount raised | Rounds |
|---|---|
| Under $250K | 382 (32%) |
| $250K–$1M | 209 (17%) |
| $1M–$5M | 300 (25%) |
| $5M–$20M | 218 (18%) |
| $20M–$100M | 64 (5%) |
| $100M+ | 28 (2%) |
Real estate552 · $2.2B
Other326 · $2.2B
Technology277 · $20.2B
Financial services94 · $1.8B
Health care86 · $980M
Energy37 · $600M
Retail and restaurants26 · $361M
Manufacturing24 · $92.9M
Business services22 · $63.2M
Agriculture3 · $7.9M
Show as table
| Sector | Rounds · raised |
|---|---|
| Real estate | 552 · $2.2B |
| Other | 326 · $2.2B |
| Technology | 277 · $20.2B |
| Financial services | 94 · $1.8B |
| Health care | 86 · $980M |
| Energy | 37 · $600M |
| Retail and restaurants | 26 · $361M |
| Manufacturing | 24 · $92.9M |
| Business services | 22 · $63.2M |
| Agriculture | 3 · $7.9M |
| Travel and leisure | 3 · $167K |
California210 · $20.2B
New York157 · $1.2B
Illinois115 · $180M
Texas107 · $484M
Florida86 · $948M
Georgia57 · $213M
Massachusetts45 · $620M
Colorado39 · $135M
Pennsylvania36 · $313M
Virginia31 · $186M
Show as table
| State | Rounds · raised |
|---|---|
| California | 210 · $20.2B |
| New York | 157 · $1.2B |
| Illinois | 115 · $180M |
| Texas | 107 · $484M |
| Florida | 86 · $948M |
| Georgia | 57 · $213M |
| Massachusetts | 45 · $620M |
| Colorado | 39 · $135M |
| Pennsylvania | 36 · $313M |
| Virginia | 31 · $186M |
The 20 largest rounds
| Company | Industry | Raised | Security | Filed |
|---|---|---|---|---|
| X.AI Holdings Corp.Palo Alto, CA · Founded 2025 | Other Technology | $16.6Bof $20B | Equity | Jan 6 |
| Pacific Life Insurance Co.Newport Beach, CA | Insurance | $783M | Other | Jan 16 |
| Baldwin Insurance Group, Inc.Tampa, FL | Insurance | $552M | Equity | Jan 15 |
| Fluidstack LtdLondon, United Kingdom | Other Technology | $450Mof $750M | Equity | Jan 23 |
| Lightning AI, Inc.San Francisco, CA · Founded 2023 | Other Technology | $435M | Equity | Jan 8 |
| Onebrief, Inc.Honolulu, HI | Other Technology | $359M | Equity | Jan 15 |
| Wheelock Street Real Estate Fund VIII, LPGreenwich, CT · Founded 2026 | Other Real Estate | $302Mopen-ended | Other | Jan 29 |
| D-Wave Quantum Inc.Palo Alto, CA · Founded 2022 | Other Technology | $275M | Equity | Jan 30 |
| Green Interfaith Environmental OrganizationWashington, DC · Founded 2025 | Environmental Services | $250Mof $1.4B | Equity, Debt | Jan 15 |
| Rhodenergy An Environmental Co CorpPrinceton, NJ · Founded 2024 | Biotechnology | $250M | Equity, Debt | Jan 15 |
| Cottonwood Communities, Inc.Salt Lake City, UT | Residential | $201Mopen-ended | Equity | Jan 2 |
| PIMCO Private Mortgage Opportunities Feeder Onshore, L.P.Newport Beach, CA | Other | $200Mopen-ended | Equity | Jan 20 |
| True Talent Advisory LLCPhiladelphia, PA | Other | $197Mopen-ended | Equity, Other | Jan 26 |
| Oxide Computer CoEmeryville, CA | Other Technology | $184Mof $200M | Equity | Jan 7 |
| Wonder Group, Inc.New York, NY | Restaurants | $180Mof $350M | Options or warrants | Jan 12 |
| Armadin, Inc.Palo Alto, CA · Founded 2025 | Other Technology | $165M | Equity | Jan 14 |
| Span.IO, Inc.San Francisco, CA | Other Technology | $163Mof $176M | Equity | Jan 27 |
| Point Wild Holdings, Inc.Boston, MA · Founded 2021 | Other | $150M | Equity | Jan 7 |
| PREMIUM BRANDS HOLDINGS CorpRichmond, British Columbia, Canada | Other | $150M | Equity | Jan 23 |
| Deepgram, Inc.San Francisco, CA | Other | $143Mof $148M | Equity | Jan 13 |
No companies match these filters.