Startup funding report: March 2026
In March 2026, 1,420 US companies filed a new Form D with the SEC, reporting $22B raised (+20% in companies vs February 2026). The median round was $1.5M, 43% of rounds were under $1M, and 74% of the companies were founded in the last five years. Real estate led by number of rounds (367). California led the states with 199.
Companies that raised
1,420
+20% vs Feb
Reported raised
$22B
+88% vs Feb
Median round
$1.5M
$1.2M in Feb
1,163
Nov1,341
Dec1,450
Jan 261,181
Feb1,420
MarShow as table
| Month | Companies |
|---|---|
| Nov | 1,163 |
| Dec | 1,341 |
| Jan 26 | 1,450 |
| Feb | 1,181 |
| Mar | 1,420 |
Under $250K249 (22%)
$250K–$1M242 (21%)
$1M–$5M330 (29%)
$5M–$20M195 (17%)
$20M–$100M103 (9%)
$100M+32 (3%)
Show as table
| Amount raised | Rounds |
|---|---|
| Under $250K | 249 (22%) |
| $250K–$1M | 242 (21%) |
| $1M–$5M | 330 (29%) |
| $5M–$20M | 195 (17%) |
| $20M–$100M | 103 (9%) |
| $100M+ | 32 (3%) |
Real estate367 · $1.6B
Other337 · $4.8B
Technology314 · $4.1B
Health care143 · $1.8B
Financial services109 · $7.9B
Energy43 · $1.2B
Manufacturing35 · $276M
Retail and restaurants33 · $112M
Business services27 · $239M
Agriculture8 · $16.4M
Show as table
| Sector | Rounds · raised |
|---|---|
| Real estate | 367 · $1.6B |
| Other | 337 · $4.8B |
| Technology | 314 · $4.1B |
| Health care | 143 · $1.8B |
| Financial services | 109 · $7.9B |
| Energy | 43 · $1.2B |
| Manufacturing | 35 · $276M |
| Retail and restaurants | 33 · $112M |
| Business services | 27 · $239M |
| Agriculture | 8 · $16.4M |
| Travel and leisure | 4 · $785K |
California199 · $2.8B
Texas156 · $841M
New York107 · $10.2B
Florida85 · $301M
Colorado51 · $817M
Delaware51 · $606M
Massachusetts51 · $689M
Washington47 · $307M
Pennsylvania42 · $140M
North Carolina35 · $387M
Show as table
| State | Rounds · raised |
|---|---|
| California | 199 · $2.8B |
| Texas | 156 · $841M |
| New York | 107 · $10.2B |
| Florida | 85 · $301M |
| Colorado | 51 · $817M |
| Delaware | 51 · $606M |
| Massachusetts | 51 · $689M |
| Washington | 47 · $307M |
| Pennsylvania | 42 · $140M |
| North Carolina | 35 · $387M |
The 20 largest rounds
| Company | Industry | Raised | Security | Filed |
|---|---|---|---|---|
| New York Life Insurance & Annuity Corp.New York, NY | Insurance | $3Bopen-ended | Other | Mar 11 |
| EAG Holdings LPNew York, NY · Founded 2021 | Other | $2Bopen-ended | Equity | Mar 31 |
| Sierra Space CorpLouisville, CO · Founded 2021 | Other | $550M | Equity | Mar 16 |
| MatX Inc.Mountain View, CA · Founded 2023 | Other Technology | $528Mof $558M | Equity | Mar 10 |
| Clinch Resources Ltd.Knoxville, TN | Coal Mining | $507M | Equity | Mar 31 |
| Legora, Inc.Dover, DE · Founded 2023 | Other Technology | $442Mof $600M | Equity | Mar 24 |
| Infinity Natural Resources, Inc.Morgantown, WV · Founded 2024 | Oil and Gas | $350M | Equity | Mar 6 |
| Sensei Biotherapeutics, Inc.Rockville, MD | Biotechnology | $349M | Equity, Security to be acquired on exercise | Mar 4 |
| Curaleaf Holdings, Inc.Stamford, CT | Other | $345M | Debt | Mar 11 |
| Raintank Inc.New York, NY | Other Technology | $250M | Equity | Mar 12 |
| Science CorpAlameda, CA · Founded 2021 | Other Technology | $230Mof $250M | Equity, Other | Mar 6 |
| Koch, Inc.Wichita, KS · Founded 2024 | Other | $224M | Equity | Mar 10 |
| Immunic, Inc.New York, United States | Biotechnology | $200M | Equity, Options or warrants | Mar 4 |
| Link Apartments Operating Partnership, LPCharlotte, NC | REITS and Finance | $199M | Equity | Mar 18 |
| Eridu CorpSaratoga, CA · Founded 2023 | Other Technology | $187Mof $200M | Equity | Mar 19 |
| DMMS Purchaser, Inc.New Orleans, LA · Founded 2025 | Other | $171Mof $250M | Equity | Mar 31 |
| AeroVironment IncArlington, VA | Manufacturing | $157M | Equity | Mar 24 |
| Metropolitan Tower Life Insurance Co.Lincoln, NE | Insurance | $151Mopen-ended | Other | Mar 6 |
| NLC Health Investors DSTNashua, NH · Founded 2025 | Other Real Estate | $145M | Other | Mar 5 |
| Merritt Community Capital Fund 26, L.P.Oakland, CA · Founded 2025 | Other | $142Mof $200M | Equity | Mar 25 |
No companies match these filters.