Startup funding report: September 2026
In September 2026, 1,332 US companies filed a new Form D with the SEC, reporting $21.8B raised (+8% in companies vs August 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. Technology led by number of rounds (364). California led the states with 197.
Companies that raised
1,332
+8% vs Aug
Reported raised
$21.8B
−3% vs Aug
Median round
$1.5M
$1.4M in Aug
1,163
Nov1,341
Dec1,450
Jan 261,181
Feb1,420
Mar1,559
Apr1,285
May1,355
Jun1,365
Jul1,230
Aug1,332
SepShow 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 |
| Sep | 1,332 |
Under $250K278 (25%)
$250K–$1M203 (18%)
$1M–$5M326 (29%)
$5M–$20M201 (18%)
$20M–$100M77 (7%)
$100M+28 (3%)
Show as table
| Amount raised | Rounds |
|---|---|
| Under $250K | 278 (25%) |
| $250K–$1M | 203 (18%) |
| $1M–$5M | 326 (29%) |
| $5M–$20M | 201 (18%) |
| $20M–$100M | 77 (7%) |
| $100M+ | 28 (3%) |
Technology364 · $7.4B
Real estate316 · $1.6B
Other263 · $8B
Health care147 · $1.4B
Financial services108 · $2.9B
Energy52 · $302M
Manufacturing31 · $199M
Retail and restaurants26 · $21.1M
Business services18 · $59.2M
Travel and leisure5 · $7M
Show as table
| Sector | Rounds · raised |
|---|---|
| Technology | 364 · $7.4B |
| Real estate | 316 · $1.6B |
| Other | 263 · $8B |
| Health care | 147 · $1.4B |
| Financial services | 108 · $2.9B |
| Energy | 52 · $302M |
| Manufacturing | 31 · $199M |
| Retail and restaurants | 26 · $21.1M |
| Business services | 18 · $59.2M |
| Travel and leisure | 5 · $7M |
| Agriculture | 2 · $3M |
California197 · $5.3B
Texas127 · $6.5B
New York110 · $1.6B
Florida92 · $571M
Delaware49 · $318M
Massachusetts43 · $374M
Georgia42 · $214M
Washington41 · $94.9M
Colorado38 · $3.8B
Ohio38 · $189M
Show as table
| State | Rounds · raised |
|---|---|
| California | 197 · $5.3B |
| Texas | 127 · $6.5B |
| New York | 110 · $1.6B |
| Florida | 92 · $571M |
| Delaware | 49 · $318M |
| Massachusetts | 43 · $374M |
| Georgia | 42 · $214M |
| Washington | 41 · $94.9M |
| Colorado | 38 · $3.8B |
| Ohio | 38 · $189M |
The 20 largest rounds
| Company | Industry | Raised | Security | Filed |
|---|---|---|---|---|
| TBC - The Boring CoBastrop, TX · Founded 2022 | Other | $3.2Bof $3.4B | Equity, Debt | Sep 10 |
| Crusoe Inc.Denver, CO · Founded 2022 | Other | $3.1Bof $3.9B | Equity | Sep 17 |
| Tenstorrent Holdings Inc.Austin, TX · Founded 2023 | Other Technology | $1.3Bof $1.4B | Equity, Security to be acquired on exercise | Sep 9 |
| ZeroStack Corp.Dallas, TX · Founded 2026 | Other Technology | $1B | Equity, Options or warrants | Sep 2 |
| Pacific Life Insurance Co.Newport Beach, CA | Insurance | $622M | Other | Sep 1 |
| Fab2, Inc.Austin, TX · Founded 2022 | Other Technology | $556Mof $588M | Equity, Security to be acquired on exercise | Sep 8 |
| Harvey AI CorpSan Francisco, CA · Founded 2022 | Other Technology | $550Mopen-ended | Equity | Sep 11 |
| Sierra International Network Inc.Irvine, CA · Founded 2024 | Other Technology | $502M | Equity | Sep 17 |
| Longtail Insurance Holdings Ltd.Hamilton, Bermuda · Founded 2023 | Insurance | $416Mof $750M | Equity, Options or warrants | Sep 30 |
| Lma 2026-1, LLCNew York, NY · Founded 2026 | Investing | $341Mopen-ended | Equity | Sep 28 |
| Superhuman Platform Inc.San Francisco, CA | Other Technology | $335M | Equity | Sep 28 |
| Celero Communications, Inc.Irvine, CA · Founded 2024 | Other Technology | $273Mof $275M | Equity | Sep 9 |
| Precision Neuroscience CorpNew York, NY | Other Health Care | $250Mopen-ended | Equity, Options or warrants | Sep 28 |
| Exa Labs Inc.San Francisco, CA | Other Technology | $247M | Equity | Sep 28 |
| Dream Finders Homes, Inc.Jacksonville, FL | Residential | $225Mof $675M | Equity | Sep 22 |
| Cityblock Health, Inc.Brooklyn, NY | Other Technology | $206M | Equity | Sep 25 |
| HGI Opportunity Fund XX, LPNorfolk, VA · Founded 2025 | Other Real Estate | $161M | Equity | Sep 3 |
| Rightway Healthcare, Inc.New York, NY | Other Health Care | $155M | Equity | Sep 8 |
| Twenty Technologies, Inc.Arlington, VA · Founded 2025 | Other Technology | $131M | Equity | Sep 25 |
| Pophouse Avatar Network Inc.Las Vegas, NV · Founded 2026 | Other | $129Mof $257M | Equity | Sep 29 |
No companies match these filters.