Startup funding report: August 2026

In August 2026, 1,230 US companies filed a new Form D with the SEC, reporting $22.4B raised (−10% in companies vs July 2026). The median round was $1.4M, 43% of rounds were under $1M, and 74% of the companies were founded in the last five years. Technology led by number of rounds (336). California led the states with 191.

Companies that raised

1,230

−10% vs Jul

Reported raised

$22.4B

+66% vs Jul

Median round

$1.4M

$1.4M in Jul

New investment funds

1,887

Latest funds →

Companies raising per monthNew Form D offerings by operating companies

1,163

Nov

1,341

Dec

1,450

Jan 26

1,181

Feb

1,420

Mar

1,559

Apr

1,285

May

1,355

Jun

1,365

Jul

1,230

Aug

Show 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
Jun	1,355
Jul	1,365
Aug	1,230

Round sizeShare of rounds with reported sales

Under $250K243 (23%)

$250K–$1M210 (20%)

$1M–$5M303 (29%)

$5M–$20M153 (15%)

$20M–$100M104 (10%)

$100M+34 (3%)

Show as table

Amount raised	Rounds
Under $250K	243 (23%)
$250K–$1M	210 (20%)
$1M–$5M	303 (29%)
$5M–$20M	153 (15%)
$20M–$100M	104 (10%)
$100M+	34 (3%)

By sectorNumber of rounds · amount raised

Technology336 · $12.6B

Other286 · $2B

Real estate250 · $1.9B

Health care148 · $1.5B

Financial services80 · $2.2B

Energy49 · $1.7B

Manufacturing27 · $159M

Retail and restaurants25 · $69.6M

Business services18 · $127M

Agriculture7 · $47M

Show as table

Sector	Rounds · raised
Technology	336 · $12.6B
Other	286 · $2B
Real estate	250 · $1.9B
Health care	148 · $1.5B
Financial services	80 · $2.2B
Energy	49 · $1.7B
Manufacturing	27 · $159M
Retail and restaurants	25 · $69.6M
Business services	18 · $127M
Agriculture	7 · $47M
Travel and leisure	4 · $15.1M

Top statesNumber of rounds · amount raised

California191 · $10.2B

Texas106 · $653M

New York100 · $3B

Florida70 · $714M

Colorado53 · $993M

Delaware47 · $135M

Massachusetts44 · $677M

Washington42 · $121M

Arizona33 · $159M

Pennsylvania28 · $240M

Show as table

State	Rounds · raised
California	191 · $10.2B
Texas	106 · $653M
New York	100 · $3B
Florida	70 · $714M
Colorado	53 · $993M
Delaware	47 · $135M
Massachusetts	44 · $677M
Washington	42 · $121M
Arizona	33 · $159M
Pennsylvania	28 · $240M

The 20 largest rounds

Company	Industry	Raised	Security	Filed
Databricks, Inc.San Francisco, CA	Other Technology	$5B	Equity	Aug 27
Kalshi Inc.New York, NY	Other Technology	$1.1Bof $1.5B	Equity	Aug 25
Mfg Diversified Holdings Inc.Sheridan, WY · Founded 2024	Other Banking and Financial Services	$1B	Equity	Aug 6
Castelion CorpTorrance, CA · Founded 2022	Other Technology	$647Mof $800M	Equity	Aug 28
Whatnot Inc.San Francisco, CA	Other Technology	$547M	Equity	Aug 18
IREN LtdSydney, Australia	Other Technology	$465M	Equity	Aug 18
Antora Energy, Inc.Sunnyvale, CA	Other	$458Mof $550M	Equity	Aug 4
Oxide Computer CoEmeryville, CA	Other Technology	$445M	Equity	Aug 4
DriveNets Ltd.Raanana, Israel	Telecommunications	$410M	Equity	Aug 3
Lovable Labs IncBoston, MA · Founded 2023	Other Technology	$382Mof $400M	Equity	Aug 17
Savills PLCLondon, United Kingdom	Other Real Estate	$369M	Equity	Aug 13
WaterCo Industries, LLCGreenwich, CT · Founded 2026	Other Real Estate	$328Mopen-ended	Equity, Other	Aug 28
Mariana Minerals Co.San Francisco, CA · Founded 2024	Other Energy	$310M	Equity	Aug 6
Tejon HoldCo, LLCDenver, CO · Founded 2025	Oil and Gas	$295Mopen-ended	Equity	Aug 17
Tejon Management, LLCDenver, CO · Founded 2025	Oil and Gas	$295Mopen-ended	Equity	Aug 17
Tejon Treating & Carbon Solutions LLCDenver, CO · Founded 2023	Oil and Gas	$295Mopen-ended	Equity	Aug 17
Entera Bio Ltd.Jerusalem, Israel	Biotechnology	$275M	Equity, Options or warrants	Aug 12
Medici Brands, Inc.New York, NY · Founded 2025	Other	$271Mof $382M	Equity	Aug 31
599 Holdings LLCNew York, NY · Founded 2026	Construction	$241M	Equity	Aug 18
Modal Labs, Inc.New York, NY	Other Technology	$205M	Equity	Aug 31