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How Big a U.S. Private Venture Raise Is
Money one offering added in the quarter, SEC Form D: the median raise (top) and the 90th percentile (bottom), $ millions
Palanor calculation from SEC Form D filings (public domain). Form D is a notice a company files when it sells securities under Rule 506, not an announced funding round: companies that raise without one, or file late or never, are missing. Venture-like offerings: equity sold under Rule 506 by U.S. private operating companies; funds, deal vehicles, public companies, banks, real estate and oil and gas are left out. A raise is the money one offering adds in a quarter. Form D also counts many small raises that venture databases miss, so both lines sit below deal-database figures.
The size of the typical private raise and of a large one, quarter by quarter, from SEC filings. Each line has its own scale: the median shows the ordinary company raising money, the 90th percentile the large but not headline rounds.
What this chart reads
- Median Private Venture Raise: U.S. (SEC Form D)as “Median raise”latest 2026-07-01
- Large Private Venture Raise (90th Percentile): U.S. (SEC Form D)as “90th percentile”latest 2026-07-01
Sources
Median Private Venture Raise: U.S. (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Large Private Venture Raise (90th Percentile): U.S. (SEC Form D). Source: Palanor calculation from SEC Form D filings (U.S. Securities and Exchange Commission, Form D data sets; public domain).
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.