Startup funding report: February 2026
In February 2026, 1,181 US companies filed a new Form D with the SEC, reporting $11.7B raised (−19% in companies vs January 2026). The median round was $1.2M, 46% of rounds were under $1M, and 77% of the companies were founded in the last five years. Real estate led by number of rounds (367). California led the states with 156.
Companies that raised
1,181
−19% vs Jan 26
Reported raised
$11.7B
−59% vs Jan 26
Median round
$1.2M
$1M in Jan 26
1,163
Nov1,341
Dec1,450
Jan 261,181
FebShow as table
| Month | Companies |
|---|---|
| Nov | 1,163 |
| Dec | 1,341 |
| Jan 26 | 1,450 |
| Feb | 1,181 |
Under $250K296 (30%)
$250K–$1M159 (16%)
$1M–$5M274 (27%)
$5M–$20M176 (18%)
$20M–$100M80 (8%)
$100M+15 (2%)
Show as table
| Amount raised | Rounds |
|---|---|
| Under $250K | 296 (30%) |
| $250K–$1M | 159 (16%) |
| $1M–$5M | 274 (27%) |
| $5M–$20M | 176 (18%) |
| $20M–$100M | 80 (8%) |
| $100M+ | 15 (2%) |
Real estate367 · $1.3B
Technology260 · $5.7B
Other243 · $875M
Health care115 · $599M
Financial services82 · $2.3B
Energy50 · $447M
Retail and restaurants22 · $19.6M
Manufacturing21 · $292M
Business services14 · $42M
Travel and leisure4 · $80.6M
Show as table
| Sector | Rounds · raised |
|---|---|
| Real estate | 367 · $1.3B |
| Technology | 260 · $5.7B |
| Other | 243 · $875M |
| Health care | 115 · $599M |
| Financial services | 82 · $2.3B |
| Energy | 50 · $447M |
| Retail and restaurants | 22 · $19.6M |
| Manufacturing | 21 · $292M |
| Business services | 14 · $42M |
| Travel and leisure | 4 · $80.6M |
| Agriculture | 3 · $3.5M |
California156 · $1.9B
Texas131 · $784M
New York119 · $2.4B
Florida75 · $528M
Delaware38 · $2.3B
Illinois35 · $151M
Colorado34 · $390M
Massachusetts33 · $148M
Washington29 · $170M
Pennsylvania27 · $120M
Show as table
| State | Rounds · raised |
|---|---|
| California | 156 · $1.9B |
| Texas | 131 · $784M |
| New York | 119 · $2.4B |
| Florida | 75 · $528M |
| Delaware | 38 · $2.3B |
| Illinois | 35 · $151M |
| Colorado | 34 · $390M |
| Massachusetts | 33 · $148M |
| Washington | 29 · $170M |
| Pennsylvania | 27 · $120M |
The 20 largest rounds
| Company | Industry | Raised | Security | Filed |
|---|---|---|---|---|
| Marvell Technology, Inc.Wilmington, DE | Other Technology | $2B | Equity | Feb 17 |
| New York Life Insurance & Annuity Corp.New York, NY | Insurance | $1.7Bopen-ended | Other | Feb 3 |
| Snowflake Inc.Bozeman, MT | Other Technology | $376M | Equity | Feb 17 |
| Mercor.io CorpSan Francisco, CA · Founded 2022 | Other Technology | $330M | Equity | Feb 18 |
| Signify Holdings, Inc.New York, NY · Founded 2021 | Other Technology | $250M | Equity | Feb 3 |
| Thompson Thrift 2026 Multifamily Development, LPIndianapolis, IN · Founded 2025 | Construction | $222M | Equity | Feb 19 |
| Bancar Technologies LtdManchester, United Kingdom | Other Technology | $195Mof $204M | Equity, Options or warrants | Feb 19 |
| Flapping Airplanes, Inc.San Francisco, CA · Founded 2025 | Other Technology | $180M | Equity | Feb 23 |
| Goodfire AI, Inc.San Francisco, CA · Founded 2023 | Other Technology | $150Mof $162M | Equity | Feb 9 |
| Heron Power Electronics CoScotts Valley, CA · Founded 2024 | Manufacturing | $138Mof $140M | Equity | Feb 20 |
| DroneBase, Inc.San Diego, CA | Other Technology | $130M | Equity | Feb 18 |
| Infleqtion, Inc.Louisville, CO · Founded 2024 | Other Technology | $127M | Equity | Feb 25 |
| Iliad Biotechnologies, Inc.Weston, FL · Founded 2026 | Biotechnology | $116M | Equity | Feb 20 |
| Nah Series-Xmcp Opportunity Fund LPDallas, TX | Other | $81.7M | Equity | Feb 26 |
| Deep Fission, Inc.Berkeley, CA · Founded 2021 | Other Energy | $80M | Equity, Options or warrants | Feb 18 |
| Overland AI Inc.Seattle, WA · Founded 2022 | Other Technology | $80M | Equity | Feb 3 |
| Altesa BioSciences, Inc.College Park, GA | Pharmaceuticals | $75M | Equity | Feb 23 |
| Standard Nuclear, Inc.Oak Ridge, TN · Founded 2024 | Other Energy | $70M | Equity | Feb 9 |
| GenLogs CorpArlington, VA · Founded 2023 | Other Technology | $63.3M | Equity, Options or warrants | Feb 2 |
| Range Finance, Inc.Mclean, VA | Other Technology | $62.3Mof $63.5M | Equity | Feb 5 |
No companies match these filters.