Where private capital went this week: $2.42B across 65 raises

This week's numbers, without the written summary.

Equity · Form D · as of Mon 2026-10-05

This week$2.42B65 raises · last week $1.23B, 58

Trailing 90 days$38.4B969 raises · last week $37.4B, 940

Velocity, all sectorsSteady−3% · last week steady, −2%

By sector

The week's top sectors by dollars
#	Sector	Dollars	Rounds	Velocity
1	Fintech & insurance	$689.8M	6	Steady
2	Healthcare & biotech	$581.4M	22	Steady
3	Industrial, robotics & manufacturing	$318.4M	9	Steady
4	AI, data & digital infrastructure	$276.7M	5	Leaning down
5	Defense, aerospace & space	$251M	1	Steady

By state

The week's top states by dollars
#	State	Dollars	Rounds
1	California	$1.28B	25
2	Texas	$607.6M	12
3	New York	$417.4M	9
4	Virginia	$146.1M	3
5	Nevada	$129.5M	2

Rose

Fell

Largest rounds

The week's largest rounds
Company	Place	Sold	Stage	Filed
TXSE Group	Dallas, TX	$430M	Undisclosed	Sep 30
Varda Space Industries	El Segundo, CA	$251M	Undisclosed	Sep 30
Precision Neuroscience	New York, NY	$250.0M	Series C+	Sep 28
Exa	San Francisco, CA	$247.5M	Series C+	Sep 28
CScale	Palo Alto, CA	$145.0M	Series C+	Oct 1
POPHOUSE AVATAR NETWORK INC.First Form D	Las Vegas, NV	$128.5M	Series C+	Sep 29
Quartermaster AI	Arlington, VA	$122.6M	Series C+	Sep 29
Homeward	Austin, TX	$120M	Undisclosed	Oct 1

Velocity

A sector rises or falls only when its last 28 days of filings differ from the 28 before outside a 90% interval (leaning at 80%), and a state changes only once it holds on two consecutive daily computations.

Corrections

1 earlier week was restated.

Numbers are never revised in place: a later filing changes a later version of that week, and the version is shown beside the number.

Earlier weeks restated, old and new
Week of	Rounds	Dollars	Version	As of
Sep 21	60 → 58	$1.39B → $1.23B	v5 → v8	Oct 4