SEC Reports Home

SEC Fundraising Activity ( Jul 1 – 31, 2025 )

StartupsCrowdfundedIPOsVenture Funds
218 75 40 16

Startup Funding

July 2025 Startup Fundraising Activity: Key Trends and Standouts

July 2025 saw a robust private equity fundraising environment, with 218 startups disclosing new capital raises via SEC filings. The month’s activity spanned a diverse set of industry verticals, with notable concentrations in:

  • Technology (including AI, SaaS, and Robotics)
  • Biotechnology and Health Care
  • Real Estate (REITs, residential, and commercial)
  • Financial Services and Fintech
  • Energy (including Oil & Gas and Clean Tech)

Industry Highlights

  • Real Estate and Finance: The largest raises came from the real estate and finance sector, led by Acacia Property Corp 2025 ($700M) and IQHQ, Inc. ($400M), both REITs focused on innovative property investment and development strategies.
  • Biotechnology & Health Care: The sector remains vibrant, with MapLight Therapeutics, Inc. ($225M), Arialys Therapeutics, Inc. ($55M), and Halia Therapeutics, Inc. ($50M) among the top raises, reflecting continued investor appetite for breakthrough therapies and medical technologies.
  • Technology & AI: A significant number of technology startups raised capital, including Cyan Robotics, Inc. ($56.9M), MaintainX Inc. ($50.3M), and Hume AI Inc. ($50.2M), highlighting ongoing innovation in automation, enterprise software, and artificial intelligence.

Standout Companies

  • Cyan Robotics, Inc.: With 37 investors and a $56.9M raise, Cyan Robotics is pushing the boundaries of automation and robotics, a sector critical for the future of manufacturing and logistics.
  • MapLight Therapeutics, Inc.: Their $225M round underscores the high stakes and high hopes in neuroscience and precision medicine, as the company works on novel treatments for neuropsychiatric disorders.
  • MaintainX Inc.: This SaaS platform for industrial and facilities maintenance continues to attract significant capital, reflecting the digital transformation of legacy industries.
  • Hume AI Inc.: With a $50M+ raise, Hume AI is at the forefront of emotion AI, developing technology that could redefine human-computer interaction.
  • Bright Uro, Inc. and Medcura, Inc.: Both companies saw strong investor interest (155 and 151 investors, respectively), signaling broad support for innovation in urology and wound care.
  • Oxide Computer Co: With a $20M single-investor round, Oxide is one to watch in the hardware and cloud infrastructure space, aiming to disrupt how enterprises deploy and manage data centers.
  • Nitricity Inc.: Their $20.9M raise for sustainable fertilizer production technology highlights the growing intersection of climate tech and agriculture.

Notable Trends

  • Investor Participation: Several rounds saw exceptionally high investor counts, such as Scottsdale & Osborn, LLC (417 investors) and Grammarly, Inc. (112 investors), indicating strong syndicate and community interest.
  • Diversity of Sectors: Beyond the dominant verticals, startups in manufacturing, insurance, retail, and even food and beverage (e.g., Zack's Mighty, INC.) secured funding, reflecting a healthy breadth in the innovation economy.
  • Emerging Tech: Companies like NetBox Labs, Inc., Daloopa, Inc., and BrightAI Corp are advancing cloud, data, and AI-driven solutions, continuing the trend of digital transformation across industries.

Conclusion

July 2025’s fundraising activity demonstrates a thriving startup ecosystem, with capital flowing into both established and emerging sectors. The month’s standouts are not only raising large sums but are also tackling some of the most pressing challenges in health, technology, and sustainability. As we move into the second half of the year, expect continued momentum in these key verticals and increased attention on companies driving real-world impact through innovation.

Top Companies

Acacia Property Corp 2025, San Mateo, CA
Acacia Capital is a real estate investment firm specializing in multifamily apartment properties and residential land investments.
Offering Amount: $700M, Sold: $108.08M, Investors: 26

Cyan Robotics, Inc., Santa Monica, CA
Coco Robotics is revolutionizing the food delivery industry with its innovative robot delivery service.
Offering Amount: $56.95M, Sold: $56.95M, Investors: 37

Arialys Therapeutics, Inc., La Jolla, CA
Arialys Therapeutics, Inc. is a biotechnology company dedicated to developing innovative therapies for rare diseases.
Offering Amount: $55M, Sold: $14.33M, Investors: 6

Hume AI Inc., New York, NY
Hume AI Inc is a research lab and technology company focused on developing empathic AI systems that prioritize human emotional well-being.
Offering Amount: $50.21M, Sold: $50.21M, Investors: 11

WhiteHawk Income Corp, Philadelphia, PA
WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Marcellus Shale.
Offering Amount: $50M

Crowdfunding Offerings

Crowdfunding Activity: July 2025

This July, over 60 companies filed crowdfunding offerings with the SEC, reflecting a vibrant and diverse landscape of early-stage innovation. The most common business verticals represented include media and entertainment, energy solutions, food and beverage, technology, and consulting services. California, New York, and Texas continue to be hotspots for entrepreneurial activity, with a notable presence from both established urban centers and emerging regional hubs.

Standout Companies & Noteworthy Trends

While many companies are pursuing traditional business models, several stand out for their innovative approaches, technological advancements, or the critical importance of the problems they are addressing:

  • Plankton Energy LLC (Brooklyn, NY) and Ovanova Energy Solutions, LLC (Cedar Grove, NC) are part of a growing wave of clean energy startups leveraging crowdfunding to accelerate the transition to sustainable power. Their presence highlights the ongoing investor interest in climate tech and renewable energy.

  • Windlift, Inc (Durham, NC) is another energy-focused company, likely working on innovative wind power solutions, given its name and sector. The push for alternative energy sources remains a key theme in this month’s filings.

  • Greenfield Robotics Corp (Cheney, KS) is emblematic of the agtech movement, potentially using robotics to address labor shortages and sustainability challenges in agriculture.

  • GenAI Works, Inc. (Dover, DE) stands out in the artificial intelligence space, a sector that continues to attract both investor capital and public attention for its transformative potential across industries.

  • Innovega Inc. (Bellevue, WA) is a notable player in the wearable technology sector, likely developing next-generation augmented reality or smart eyewear solutions.

  • YouSolar, Inc. (Emeryville, CA) is another clean energy innovator, possibly focusing on modular or off-grid solar solutions, which are increasingly relevant in the context of energy resilience and climate adaptation.

  • Muvr Technologies, Inc. (Wilmington, DE) and Conexeu Sciences Inc. (Reno, NV) represent the tech and life sciences verticals, respectively, both sectors that continue to see robust crowdfunding activity as investors seek exposure to high-growth, high-impact innovation.

Other Notable Mentions

Conclusion

July’s filings underscore the breadth of innovation being supported by crowdfunding, from clean energy and robotics to AI and community development. As regulatory frameworks continue to evolve and investor interest remains strong, expect to see even more groundbreaking companies turning to the crowd for their next stage of growth.

Top Companies

Ht Acquisition Inc, Beverly Hills, CA
HT ACQUISITIONS INC leverages crowdsourcing and network marketing to fuel startup growth through its HTAC app.
Offering Amount: $1M

TTH NETWORKS Corp, Compton, CA
TTH Networks Corp leverages crowdsourcing and network marketing to fuel startup growth through its Social Media Broadcasting Network.
Offering Amount: $1M

New Outlook Network, Kansas City, KS
BASE BOY ENTERTAINMENT NETWORK INC leverages crowdsourcing and network marketing to fuel startup growth, focusing on the entertainment and media sectors.
Offering Amount: $1M

Base Boy Entertainment Network Inc, Santa Monica, CA
BASE BOY ENTERTAINMENT NETWORK INC leverages crowdsourcing and network marketing to fuel startup growth, focusing on the entertainment and media sectors.
Offering Amount: $1M

Bellevue Beard Spa Inc, Tacoma, WA
BELLEVUE BEARD SPA is a Washington-based company founded in 2022 that leverages crowdsourcing and network marketing to fuel the growth of startups.
Offering Amount: $1M

IPOs

July 2025 IPO Activity Overview

July 2025 was a robust month for IPO activity, with 40 companies filing to go public with the SEC. This month’s cohort reflects a diverse mix of industry verticals, from fintech and real estate to advanced medical technology, digital assets, and cloud infrastructure. Below, we highlight the key trends, notable sectors, and standout companies shaping this month’s IPO landscape.

Key Trends and Industry Verticals

Notable Companies and Innovations

  • Heartflow, Inc.: A leader in non-invasive cardiovascular diagnostics, Heartflow’s AI-powered platform helps physicians diagnose and treat coronary artery disease more effectively, potentially transforming cardiac care and improving patient outcomes.
  • WhiteFiber, Inc.: As a new independent entity spun out from Bit Digital, WhiteFiber is rapidly scaling its Tier-3 data center footprint to support the surging demand for AI and machine learning compute power, addressing a critical bottleneck in the AI ecosystem.
  • Shoulder Innovations, Inc.: This medtech company is focused on revolutionizing shoulder arthroplasty with advanced implant systems and preoperative planning technology, aiming to improve surgical outcomes and patient quality of life.
  • Caedryn Acquisition Corp I: A SPAC targeting artificial intelligence and fintech, reflecting the continued investor interest in these transformative sectors.
  • 21Shares Ondo Trust: By providing ETF-style access to ONDO digital assets, this trust is part of a broader trend making crypto more accessible to mainstream investors.
  • Ambiq Micro, Inc.: Known for its ultra-low power chips, Ambiq is enabling a new generation of battery-powered AI and IoT devices, with significant implications for wearables, smart home, and industrial automation.

Other Highlights

In summary: July 2025’s IPO activity reflects a vibrant and innovative market, with strong representation from fintech, digital assets, healthcare, and AI infrastructure. Companies like Heartflow, Inc., WhiteFiber, Inc., and Ambiq Micro, Inc. stand out for their technological advancements and the critical problems they address, while the continued presence of SPACs and ETFs signals evolving investor preferences and market structures.

Top IPOs

SpotitEarly, Inc., Englewood, NJ
SpotitEarly, Inc. is a biotech company focused on early cancer detection through its innovative Bio-AI hybrid platform that combines artificial intelligence with canine olfaction.
Offering: Tier 2 Offering, Securities Offered 9712509, Offering Amount 69444439.00

Compound Real Estate Bonds II Inc., New York, NY
Compound Real Estate Bonds II Inc. is a real estate investment company incorporated in Florida, focused on acquiring mortgages, liens, and interests in real estate primarily in high-growth metropolitan areas across the United States and Canada.
Offering: Tier 2 Offering, Securities Offered 7500000, Offering Amount 74800000.00

Financial Agency Group, Orlando, FL
Financial Agency Group Inc. is a financial services and banking company based in Sheridan, Wyoming.
Offering: Tier 2 Offering, Securities Offered 18000000, Offering Amount 18000000.00

Angel Studios 024, Inc., Provo, UT
Angel Studios 024, Inc. is a Delaware corporation formed as a wholly owned subsidiary of its Parent Company for the sole purpose of licensing and exploiting rights related to the upcoming film "SKETCH." The company focuses exclusively on marketing and distributing the Picture, including engaging in print and advertising (P&A) marketing for its theatrical release.
Offering: Tier 2 Offering, Securities Offered 5000000, Offering Amount 5000000.00

Commune Omni Fund, LLC, Westlake Village, CA
Commune Omni Fund, LLC is a Delaware limited liability company formed in 2024 that intends to operate as a real estate investment trust (REIT) starting in 2025.
Offering: Tier 2 Offering, Securities Offered 7500000, Offering Amount 75000000.00

Venture Funds

Shield Capital Fund II-Parallel, L.P., Burlingame, CA
Offering Amount: $350M, Sold: $115.88M, Investors: 5

Shield Capital Fund II, L.P., Burlingame, CA
Offering Amount: $350M, Sold: $115.88M, Investors: 46

Florida Funders Fund 3, L.P., Tampa, FL
Florida Funders Fund 3, L.P. is a venture capital fund focused on investing in early-stage technology companies in Florida.
Offering Amount: $100M, Sold: $18.13M, Investors: 45

Global Strategic Mobility Fund, L.P., Ambler, PA
Sold: $56.5M, Investors: 9

Tamarack Figure III, LP, Greenwich, CT
Offering Amount: $50M, Sold: $34.45M, Investors: 6