Startup funding report: May 2026
In May 2026, 1,285 US companies filed a new Form D with the SEC, reporting $13.4B raised (−18% in companies vs April 2026). The median round was $1.5M, 43% of rounds were under $1M, and 76% of the companies were founded in the last five years. Real estate led by number of rounds (319). California led the states with 180.
Companies that raised
1,285
−18% vs Apr
Reported raised
$13.4B
−43% vs Apr
Median round
$1.5M
$1.5M in Apr
1,163
Nov1,341
Dec1,450
Jan 261,181
Feb1,420
Mar1,559
Apr1,285
MayShow as table
| Month | Companies |
|---|---|
| Nov | 1,163 |
| Dec | 1,341 |
| Jan 26 | 1,450 |
| Feb | 1,181 |
| Mar | 1,420 |
| Apr | 1,559 |
| May | 1,285 |
Under $250K254 (25%)
$250K–$1M188 (18%)
$1M–$5M291 (28%)
$5M–$20M176 (17%)
$20M–$100M101 (10%)
$100M+24 (2%)
Show as table
| Amount raised | Rounds |
|---|---|
| Under $250K | 254 (25%) |
| $250K–$1M | 188 (18%) |
| $1M–$5M | 291 (28%) |
| $5M–$20M | 176 (17%) |
| $20M–$100M | 101 (10%) |
| $100M+ | 24 (2%) |
Real estate319 · $1.2B
Technology294 · $5.1B
Other290 · $3.4B
Health care140 · $854M
Financial services107 · $1.2B
Energy42 · $803M
Manufacturing28 · $527M
Retail and restaurants26 · $20.9M
Business services20 · $152M
Agriculture13 · $2.8M
Show as table
| Sector | Rounds · raised |
|---|---|
| Real estate | 319 · $1.2B |
| Technology | 294 · $5.1B |
| Other | 290 · $3.4B |
| Health care | 140 · $854M |
| Financial services | 107 · $1.2B |
| Energy | 42 · $803M |
| Manufacturing | 28 · $527M |
| Retail and restaurants | 26 · $20.9M |
| Business services | 20 · $152M |
| Agriculture | 13 · $2.8M |
| Travel and leisure | 6 · $114M |
California180 · $2.8B
Texas135 · $979M
New York112 · $1.5B
Florida104 · $952M
Delaware51 · $113M
Massachusetts46 · $787M
Washington36 · $109M
North Carolina35 · $154M
Ohio34 · $79.6M
Colorado30 · $220M
Show as table
| State | Rounds · raised |
|---|---|
| California | 180 · $2.8B |
| Texas | 135 · $979M |
| New York | 112 · $1.5B |
| Florida | 104 · $952M |
| Delaware | 51 · $113M |
| Massachusetts | 46 · $787M |
| Washington | 36 · $109M |
| North Carolina | 35 · $154M |
| Ohio | 34 · $79.6M |
| Colorado | 30 · $220M |
The 20 largest rounds
| Company | Industry | Raised | Security | Filed |
|---|---|---|---|---|
| Multi-Color CorpAtlanta, GA | Other | $1.3B | Debt | May 26 |
| Ineffable Intelligence LtdAltrincham, United Kingdom · Founded 2025 | Other Technology | $1.1B | Equity | May 1 |
| Shield AI IncSan Diego, CA | Other Technology | $592M | Equity | May 1 |
| Labels Buyer, LLCAtlanta, GA · Founded 2021 | Other | $558M | Equity | May 26 |
| SharonAI Holdings Inc.New York, NY | Other Technology | $350M | Debt, Security to be acquired on exercise | May 4 |
| Cowboy Space CorpSan Carlos, CA · Founded 2023 | Other Technology | $305M | Equity | May 21 |
| Advanced Manufacturing Co of America, Inc.El Segundo, CA · Founded 2024 | Manufacturing | $245Mof $255M | Equity | May 20 |
| Positron AI, Inc.Reno, NV · Founded 2023 | Other | $234M | Equity | May 12 |
| Circle Internet Group, Inc.New York, NY · Founded 2024 | Other Technology | $222M | Other | May 22 |
| Mercury Technologies, Inc.San Francisco, CA | Other Technology | $200M | Equity | May 20 |
| Blitzy, Inc.Cambridge, MA · Founded 2023 | Other Technology | $189Mof $190M | Equity | May 15 |
| HavocAI Inc.Boston, MA · Founded 2022 | Other Technology | $187M | Equity, Options or warrants | May 12 |
| Blue Energy Global Inc.Chevy Chase, MD · Founded 2023 | Other Energy | $177Mof $400M | Equity | May 1 |
| Armada Capital, LLC / OKOklahoma City, OK · Founded 2025 | Other Energy | $156Mof $181M | Equity | May 26 |
| Farther Finance, Inc.San Francisco, CA | Investing | $146Mof $150M | Equity | May 19 |
| ModRetro, Inc.Irvine, CA · Founded 2023 | Other Technology | $145Mof $150M | Equity | May 27 |
| EVMS Holdco, LLCWhippany, NJ · Founded 2026 | Other Health Care | $130M | Equity | May 27 |
| GMT Exploration Co LLCDenver, CO | Oil and Gas | $114Mof $115M | Equity | May 8 |
| Climb Bio, Inc.Wellesley Hills, MA | Biotechnology | $110M | Equity | May 4 |
| Send Cut Send, Inc.Reno, NV | Manufacturing | $110M | Equity, Options or warrants | May 20 |
No companies match these filters.