SEC Weekly Report

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SEC Fundraising Activity ( Mar 1 – 31, 2026 )

StartupsCrowdfundedIPOsVenture Funds
216 68 43 11
All Companies Artificial Intelligence Biotechnology Data Analytics Entertainment Fintech Healthcare Hospitality Medical Devices Nutrition Pharmaceutical Real Estate Renewable Energy SaaS Satellite Technology Sustainable Materials

Startup Funding

Startup Fundraising Activity – March 2026

March saw remarkable activity in the private equity markets, with 216 startups raising capital through private offerings, reflecting robust investor confidence and ongoing innovation across the U.S. and beyond. The most active verticals this month were Other Technology, Biotechnology, Health Care, Real Estate, and Retail, continuing the trend of technology-driven disruption and healthcare solutions.

Common Themes & Sector Highlights

  • Other Technology continues to dominate in both the number and size of raises, with artificial intelligence, data platforms, enterprise SaaS, and privacy-focused solutions setting the pace.
  • Biotechnology and Health Care present a strong showing, with therapeutics, diagnostics, and platform technologies for precision medicine frequently sought after.
  • Real Estate & Commercial Real Estate deals held steady, featuring numerous property developments and niche asset strategies.
  • Retailing & Restaurants remain resilient, with notable raises supporting new consumer brands and food concepts.
  • Energy & Energy Conservation companies are attracting more capital, reflecting sustainability imperatives and new tech-driven efficiencies.

Companies to Watch

  • Astor Explorations Corp. raised an exceptional $1 billion in retailing, marking one of the largest rounds this month. The scale suggests ambitions well beyond traditional retail, possibly integrating digital platforms or vertical supply chain innovation.
  • Legora, Inc. secured $600 million from 40 investors, underlining strong syndicate support—potentially for a transformative technology or a novel business model.
  • MatX Inc., Science Corp, Hydra Host, Inc., Cloaked, Inc., and Code Metal, Inc. each raised over $100 million in Other Technology. These companies are likely advancing critical infrastructure, cybersecurity, cloud platforms, or AI-based applications, and their respective investor counts hint at widespread industry interest.
  • Sierra Space Corp raised $550 million from just 2 investors. This space-focused startup is likely working on major aerospace engineering, satellite deployments, or next-generation space access.
  • Strand Therapeutics Inc and Nexo Therapeutics, Inc. stand out in biotech, collectively raising over $180 million, suggesting breakthroughs in gene therapy, RNA platforms, or oncology solutions.
  • Phoenix Tailings, Inc. received over $106 million from 75 investors—this high participation implies broad interest in sustainable mining or advanced materials recovery, crucial for environmental impact and supply chain resilience.
  • Preferabli, Inc. attracted 250 investors, the largest syndicate, highlighting a strong community-driven or crowd-sourced model—possibly in consumer tech or recommendation platforms.

Notable Trends & Innovations

Impact & Importance

The scale and diversity of capital raises this month reinforces the market’s appetite for solutions to fundamental challenges: from climate and resource management (Phoenix Tailings, Inc., M2X Energy Inc.) to access to new therapies (ByHeart, Inc., CraniUS LLC), and the need for secure, scalable computing (MatX Inc., Hydra Host, Inc.).

These innovators are building the next wave of enterprise solutions, space access, environmental stewardship, and personalized healthcare. As 2026 unfolds, expect continued acceleration across these sectors, with high-conviction bets from investors driving deep tech and platform advances.

For company-level insights and real-time updates, explore individual profiles at Firmographics.org.

Top Companies

Astor Explorations Corp., New York, NY
Astor Explorations Corp. acquires, explores, and develops mineral properties, focusing on early-stage resource identification and development.
Offering Amount: $1B

MatX Inc., Covina, CA
MatX designs hardware tailored for the world's best AI models, focusing on maximizing performance for large models.
Offering Amount: $557.86M, Sold: $527.88M, Investors: 23

Sierra Space Corp, Broomfield, CO
Sierra Space Corp is a leading provider of space technology and services, focusing on innovative solutions for space exploration and commercial activities.
Offering Amount: $550M, Sold: $550M, Investors: 2

Science Corp, Alameda, CA
Science Corporation is a clinical-stage medical technology company focused on developing advanced medical technologies that aim to profoundly improve the human condition.
Offering Amount: $250M, Sold: $230.05M, Investors: 40

ByHeart, Inc., New York, NY
ByHeart is dedicated to providing high-quality infant nutrition through its whole nutrition infant formula.
Offering Amount: $173.08M, Sold: $72.18M, Investors: 49

Crowdfunding Offerings

Crowdfunding Activity — March 2026 SEC Filings

March saw another robust month for crowdfunding activity, with 68 companies filing offerings with the SEC. As expected, the business verticals represented are diverse, including consumer goods, media and entertainment, food & beverage, energy, real estate, technology, fitness, and health. Among these, the sectors of energy transition, media innovation, health tech, and consumer safety continued to show meaningful momentum.

Standout Companies & Innovative Offerings

Several offerings deserve special mention for their bold approaches to solving timely problems or advancing technology:

Notable Trends

  • Democratization of Investing: Several offerings have set relatively low minimums, opening access not only to accredited investors.
  • Diversity of Founders: This month's roster continues to reflect the broad spectrum of American entrepreneurship, not only from coastal tech hubs but also Midwest and Southern communities.
  • Problem-Solving Focus: Whether through health-tech innovation, clean energy, or secure digital experiences, these companies embody the emerging priorities of the American investor.

As equity crowdfunding continues to gain traction, it's clear from March's filings that innovation and social impact remain top of mind for founders and investors alike. The SEC's ongoing facilitation of these filings helps ensure promising ventures have the visibility and capital access they need to grow.

Top Companies

Hope Multiplied LLC, Tulsa, OK
NickV Team is a faith-driven ministry organization supporting the global message and work of Nick Vujicic.
Offering Amount: $1M

Enterprise Energy LLC, Minneapolis, MN
Enterprise Energy LLC is a nationwide developer specializing in community solar power plants, also known as shared solar.
Offering Amount: $440,900

Tipsy Putt, Inc., Sacramento, CA
Tipsy Putt is a hyper-local mini golf experience featuring craft beer and casual Mexican fare.
Offering Amount: $250,000.57

Craftsman Rose Garden LLC, New Port Richey, FL
Craftsman Rose Garden LLC is a historic preservation and adaptive reuse project centered on restoring a rare 1918 Craftsman bungalow along Central Avenue in St.
Offering Amount: $200,000

Legion M Film Fund - 1099, LLC, Los Angeles, CA
Legion M gives fans a first-of-its kind opportunity to invest in Hollywood. We're using the JOBS Act to create the world's first FAN-OWNED entertainment company with a goal of uniting 1 million fans as shareholders of our company.
Offering Amount: $108,500

IPOs

March 2026 IPO Activity Report

Overview

March 2026 saw a robust surge in IPO filings, with 43 companies submitting registration statements to the SEC. This activity reflects a strong capital markets environment, marked by diversity in industry verticals and several significant offerings from both established businesses and emerging growth companies.

Industry Trends & Common Verticals

The IPO filings this month demonstrated activity across multiple sectors:

Notable Offerings

Largest & Most Impactful IPOs

Innovation & Technological Advancement

  • X-Energy Reactor Company, LLC: Their IPO supports commercial rollout of advanced nuclear reactors—a landmark for clean energy, with the potential to reshape global energy markets.
  • Exyn Technologies, Inc.: Offering autonomous drone and robotics solutions for industrial environments, exemplifying the shift toward AI-powered automation and site safety.
  • Alamar Biosciences, Inc.: Advancing ultra-sensitive biomarker detection for early disease diagnosis, addressing a critical gap in healthcare.
  • OXO, Inc: AI-driven retail marketing, enabling smarter, more data-informed commerce for SMBs.

Digital Asset & ETF Growth

Early-Stage & Micro Offerings

Several companies entered the public markets with modest early-stage offerings, often self-underwritten and targeting small investor bases—such as Sensei Harbor Corp. and Dravica Corporation—showing how democratized capital raising continues to accelerate for startups and microcaps.

Summary

The March 2026 IPO cohort is notable for its breadth of industries, continuing strength in SPAC and acquisition vehicle markets, and several innovative companies at the forefront of AI, clean energy, biotech, and digital assets. The successful listing of financial institutions, biotech innovators, and technology leaders underscores the central role of public markets in fueling capital formation and advancing solutions to global problems.

Stay tuned for April's activity, as this momentum is expected to carry forward with new listings and further sector expansion.

Top IPOs

Arvana Inc., Salt Lake City, UT
Arvana Inc. is a Nevada-based development-stage company that historically operated a recreational fishing charter business through its former subsidiary, Down 2 Fish Charters, LLC. Following the acquisition of Down 2 Fish Charters in 2023, the company provided saltwater fishing excursions in Florida before the subsidiary was spun off in 2025 after a promissory note default.
Offering: Arvana, Inc. filed a registration statement covering the resale from time to time of up to 15,000,000 shares of its common stock by a selling stockholder pursuant to a Stock Purchase Agreement dated August 11, 2025. The company itself is not selling shares in this resale offering and will not receive proceeds from the selling stockholder’s sales; however, Arvana may receive up to $100,000,000 in proceeds under the Stock Purchase Agreement through future issuances of common stock at a variable price based on market VWAP. The common stock trades on the OTC Markets under the symbol AVNI.

DentonX Inc, Oakland, CA
DentonX Inc is a development-stage technology infrastructure company focused on creating an intelligent platform to consolidate the fragmented non-bank mortgage and financial services industry.
Offering: DentonX Inc, a technology infrastructure company based in Wyoming, is conducting a public offering to raise funds to expand and develop its early-stage non-bank lending platform business. The company is offering 3,000,000 shares of its common stock at a fixed price of $5.00 per share in a direct offering, with all proceeds (less offering expenses and commissions, if any) going to DentonX Inc. This is an initial public offering (IPO); if all shares are sold, it will reduce the collective control of its two top shareholders from 67.49% to 58.19%. The offering aims to support DentonX's strategy of providing non-QM and SME lending platform services in partnership with licensed financial entities.

Apogee Acquisition Corp, Cheyenne, WY
Apogee Acquisition Corp is a newly organized special purpose acquisition company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination.
Offering: The filing contains information about estimated expenses related to a public offering, including registration, legal, accounting, underwriting, and listing fees. However, it does not provide details on the size, pricing, or structure of the securities being offered.

21Shares Cronos ETF, New York, NY
21Shares Cronos ETF is an exchange-traded fund that seeks to track the performance of CRO, the native digital asset of the Cronos Ecosystem, as measured by an applicable pricing benchmark.
Offering: The 21Shares Cronos ETF is a passive exchange-traded fund designed to track the price of CRO tokens, the native asset of the Cronos blockchain, adjusted for expenses and staking rewards. Shares are issued and traded on an exchange, with authorized participants able to create and redeem shares for CRO or cash. The offering is a continuous one, with an indeterminate amount of shares registered, and is not subject to the Investment Company Act or the CFTC. Prior to the public offering, Crypto.com holds 4,000,000 shares acquired for $100,000,000 worth of CRO.

Grayscale HYPE ETF, Stamford, CT
Grayscale HYPE ETF is a Delaware Statutory Trust formed to hold and manage "HYPE," a digital asset native to the Hyperliquid Network.
Offering: Grayscale HYPE ETF is a Delaware Statutory Trust designed to offer exposure to the HYPE digital asset, which operates on the Hyperliquid Network. The Trust aims to have the price of its Shares track the value of HYPE, including HYPE earned as staking consideration (if applicable), less Trust expenses. Shares are issued and redeemed in blocks of 10,000 (called "Baskets") to and from Authorized Participants, mainly in exchange for HYPE or cash via a Liquidity Provider. The Shares will be listed on NASDAQ under the symbol GHYP. The offering is continuous, not a one-time event, and the value per Basket depends on HYPE's market price at the time of creation or redemption.

Venture Funds

Coefficient Capital Fund II, LP, New York, NY
Coefficient Capital Fund II, LP is a venture capital firm based in New York, NY. The firm focuses on investing in innovative companies and supporting female founders through various initiatives.
Offering Amount: $285.68M, Sold: $285.68M, Investors: 28

Lone Basin Growth Fund I, L.P., Greenwich, CT
Sold: $100M, Investors: 41

FJ Labs IV, LP, New York, NY
Sold: $73.53M, Investors: 42

VIKASA Clean Energy I, LP, Nichols Hills, OK
Offering Amount: $52.5M, Sold: $50.7M, Investors: 32

BSV Fund XI LLC, Dallas, TX
Offering Amount: $25M, Sold: $8.4M, Investors: 152