Fresh Rounds

Startup funding report: June 2026

In June 2026, 1,355 US companies filed a new Form D with the SEC, reporting $18.1B raised (+5% in companies vs May 2026). The median round was $1.6M, 41% of rounds were under $1M, and 76% of the companies were founded in the last five years. Technology led by number of rounds (359). California led the states with 209.

Companies that raised
1,355
+5% vs May
Reported raised
$18.1B
+35% vs May
Median round
$1.6M
$1.5M in May
New investment funds
2,172
Companies raising per monthNew Form D offerings by operating companies
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MonthCompanies
Nov1,163
Dec1,341
Jan 261,450
Feb1,181
Mar1,420
Apr1,559
May1,285
Jun1,355
Round sizeShare of rounds with reported sales
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Amount raisedRounds
Under $250K269 (24%)
$250K–$1M189 (17%)
$1M–$5M333 (30%)
$5M–$20M205 (18%)
$20M–$100M88 (8%)
$100M+27 (2%)
By sectorNumber of rounds · amount raised
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SectorRounds · raised
Technology359 · $6.5B
Real estate328 · $2.8B
Other272 · $2.1B
Health care163 · $1.2B
Financial services95 · $2B
Energy40 · $507M
Retail and restaurants33 · $2.6B
Business services24 · $378M
Manufacturing22 · $95.1M
Agriculture11 · $19M
Travel and leisure8 · $38.8M
Top statesNumber of rounds · amount raised
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StateRounds · raised
California209 · $5.4B
Texas144 · $2B
New York92 · $1.7B
Florida83 · $375M
Delaware46 · $505M
Massachusetts44 · $239M
Colorado36 · $242M
Georgia33 · $259M
Illinois33 · $109M
Ohio32 · $666M

The 20 largest rounds

CompanyIndustryRaisedSecurityFiled
Dillard's, Inc.Little Rock, AR Retailing $2.4B Equity Jun 4
Baseten Labs, Inc.San Francisco, CA Other Technology $1.1Bof $1.5B Equity Jun 30
Howard Hughes Holdings Inc.The Woodlands, TX · Founded 2023 Other Real Estate $1000M Equity, Options or warrants Jun 17
Pacific Life Insurance Co.Newport Beach, CA Insurance $791M Other Jun 3
Ramp Business CorpNew York, NY Other Technology $782Mof $868M Equity Jun 17
Fluidstack LtdLondon, United Kingdom Other Technology $730Mof $1.5B Equity Jun 30
Impulse Space, Inc.Redondo Beach, CA · Founded 2021 Other $500M Equity Jun 2
Supabase, Inc.Dover, DE Other Technology $440Mof $500M Equity Jun 5
Generalist AI, Inc.San Francisco, CA · Founded 2024 Other Technology $364Mof $400M Equity Jun 5
Payward, Inc.Cheyenne, WY Other Technology $354Mof $401M Equity Jun 23
EnerVenue Holdings, Ltd.Fremont, CA Other Energy $340Mof $350M Equity Jun 9
Black Forest Labs Inc.Freiburg Im Breisgau, Germany · Founded 2024 Other Technology $308Mof $343M Equity Jun 3
Ohio Equity Fund for Housing Limited Partnership 36AColumbus, OH · Founded 2026 Residential $300Mof $324M Equity Jun 11
TBG Acquisitions, Inc.Foster City, CA · Founded 2026 Business Services $296M Equity Jun 17
Erebor Bank, National AssociationColumbus, OH · Founded 2025 Other Banking and Financial Services $276M Equity Jun 12
CesiumAstro Inc.Austin, TX · Founded 2022 Other Technology $271M Equity Jun 9
Corgi Insurance Services, Inc.San Francisco, CA · Founded 2024 Insurance $266M Equity, Options or warrants Jun 4
Ollin Biosciences, Inc.Austin, TX · Founded 2022 Biotechnology $156Mof $330M Equity Jun 24
Continental Properties Real Estate Development Fund IV, L.P.Menomonee Falls, WI · Founded 2025 Other $151Mof $200M Equity Jun 15
Andmark Investment Fund VII, LLCLos Angeles, CA · Founded 2025 Residential $148M Equity Jun 29