SEC Fundraising Activity ( Apr 1 – 30, 2026 )

Startups	Crowdfunded	IPOs	Venture Funds
666	82	60	125

Startup Funding

April 2026 Startup Raise Activity

April brought 666 company raises, with the heaviest concentration in Other Technology, real estate, health care / biotech, energy, banking and financial services, and insurance. The month’s deal flow shows a clear split between frontier-tech startups building next-generation software, AI, robotics, and space systems, and capital-intensive companies in housing, specialty lending, and project-level real estate vehicles.

A few of the most notable raises stood out for the scale of ambition and the problems they’re tackling. Saronic Technologies, Inc. led the pack with a massive $1.75B raise, underscoring continued investor conviction in autonomous maritime systems and defense-adjacent innovation. In aerospace, Stoke Space Technologies, Inc. and Hermeus Corp reinforced the strength of the advanced propulsion and hypersonics thesis, while Xona Space Systems Inc. continued to draw support for resilient space-based navigation infrastructure.

AI also remained a dominant theme. Harvey AI Corp, Sygaldry Technologies, Inc., Deep Cogito Inc., Symbolic.ai, Inc., and Hosted Ai Inc highlight strong investor appetite for enterprise AI infrastructure, reasoning systems, and workflow automation. In parallel, companies like nEye Systems, Inc., HyperLight Corp, and Daylight Computer Co point to continued investment in the hardware and compute layer behind the AI wave.

In health care and biotech, the month featured meaningful financing for therapeutic innovation and medical technology. Terremoto Biosciences, Inc., Iambic Therapeutics, Inc., Alloy Therapeutics, Inc., Beacon Biosignals, Inc., and Beacon Biosignals, Inc. reflect continued funding for platforms that combine biology, data science, and AI to improve discovery, diagnostics, and treatment. Route 92 Medical, Inc. and Levita Magnetics International Corp. also stood out for tackling high-impact procedural and surgical problems with advanced medical devices.

Energy and industrial innovation showed up as another important cluster, with raises for Terraform Industries, Inc., Mariana Minerals Co., Coreshell Technologies, Inc., and Aston Labs Co. reflecting investor interest in electrification, materials, storage, and energy efficiency. These companies are addressing foundational constraints in the energy transition rather than incremental consumer applications.

Overall, April’s financing activity suggests investors are still gravitating toward companies building the rails of the next decade: autonomous systems, AI infrastructure, frontier hardware, precision medicine, and energy-tech. The recurring theme is less about “new software” and more about startups solving hard, infrastructure-level problems with technical depth and long time horizons.

Top Companies

Saronic Technologies, Inc., Austin, TX
Saronic Technologies is a defense technology company that provides naval and maritime forces with intelligent Autonomous Surface Vessels.
Offering Amount: $1.75B, Sold: $1.02B, Investors: 39

Stoke Space Technologies, Inc., Kent, WA
Stoke Space is revolutionizing the space industry with its fully reusable rocket design, Nova.
Offering Amount: $350M, Sold: $275M, Investors: 28

Verily Health Inc., Dallas, TX
Verily Life Sciences LLC is a subsidiary of Alphabet Inc. focused on life sciences research and development.
Offering Amount: $300M, Sold: $300M, Investors: 8

Hermeus Corp, Atlanta, GA
Hermeus is an aerospace and defense technology company founded to radically accelerate air travel by delivering hypersonic aircraft.
Offering Amount: $200.59M, Sold: $200.59M, Investors: 70

Harvey AI Corp, San Francisco, CA
CounselAI is an AI-powered eDiscovery platform that helps attorneys better scrutinize evidence and build their cases.
Sold: $200.01M, Investors: 10

Crowdfunding Offerings

April’s crowdfunding activity was broad-based across food and beverage, consumer brands, health/biotech, software, real estate, energy, hospitality, and media/entertainment, with a notable cluster of offerings in tech-enabled products, sustainable materials, and mission-driven consumer businesses.

A few issuers stood out for the novelty of their solutions or the scale of the problem they’re targeting. On the deep-tech and industrial side, LiquidPiston, Inc. is notable for advanced engine technology, while SorbiForce, Inc. and Standard Carbon Technology Inc. point to continued investor interest in next-generation storage and carbon-related climate solutions. In biotech and life sciences, Biostate AI, Inc and Rejuvenate Bio Inc stand out for applying biology and AI to healthcare and longevity challenges.

Among software and platform businesses, Rentberry Inc., Lumida Inc, and Quasar Markets Inc. reflect continued demand for digitally enabled financial and marketplace solutions. In consumer innovation, Smart Cups, Inc. remains an interesting packaging and sustainability story, while RoboBurger Inc highlights automation in food service.

The month also included several businesses tackling practical, real-world needs in distinctive ways, such as Farmland Reit LLC in agricultural real estate, Tatleaux Burlington Brownfield Solar LLC in clean energy redevelopment, and Finless Foods, Inc in alternative proteins. Overall, the April crowdfunding slate suggests that issuers continue to use the exemption to raise small amounts for a wide range of businesses, but the most compelling offerings were those blending technology with sustainability, healthcare, and infrastructure-scale problem solving.

Top Companies

Metaintro Inc., Sanibel, FL
Metaintro Inc. offers a professional resume wallet for web3, providing a multi-chain custodial wallet that holds proof-of-employment, proof-of-skill, and proof-of-education.
Offering Amount: $1M

LiquidPiston, Inc., Bloomfield, CT
LiquidPiston, Inc. is a technology company based in Bloomfield, CT, specializing in the development of compact, powerful, and efficient rotary engines.
Offering Amount: $999,985.5

Hypeman Rick Productions, LLC, Nashville, TN
Martinique offers luxury wine and cigar cruises on Old Hickory Lake and the Cumberland River in Middle Tennessee.
Offering Amount: $500,000

Green Bridge Corp, Raleigh, NC
Green Bridge Corporation is a solar, battery energy storage, and electric vehicle supply equipment development company operating across multiple U.S. markets.
Offering Amount: $450,000

Farmland Reit LLC, Minneapolis, MN
Farmland Reit LLC is a real estate investment trust that acquires income-generating farmland across the United States.
Offering Amount: $250,000

IPOs

April 2026 IPO Activity

April was a very active month for IPO filings, with 60 companies filing with the SEC across a wide mix of sectors. The month was especially notable for the continued dominance of blank-check / SPAC structures, but there was also meaningful activity in life sciences, AI / advanced computing, energy, fintech, media, and industrial/transport infrastructure.

A few broad trends stood out:

• SPACs remained a major theme, with multiple new vehicles such as General Catalyst Global Resilience Merger Corp., Hall Chadwick Acquisition Corp II, Churchill Capital Corp XII, FortuneX Acquisition Corp, Amanat Acquisition Corp., East West Ave Acquisition Corp., Berto Acquisition Corp. II, Irenic Acquisition Corp., and others targeting future combinations.

• Healthcare and biotech were highly visible, led by companies such as Avalyn Pharma Inc., Hemab Therapeutics Holdings, Inc., Odyssey Therapeutics, Inc., Seaport Therapeutics, Inc., and Mobia Medical, Inc.. This continued a strong pipeline of therapeutic innovation, especially in drug development and novel medical technologies.

• Technology and AI-related issuers also stood out, including Cerebras Systems Inc., HawkEye 360, Inc., Verses AI Inc., AI Strategy Inc., and Liftoff Mobile, Inc.. These names reflect continued investor appetite for AI infrastructure, geospatial intelligence, and next-generation software platforms.

• Energy and resources had a meaningful showing, including Greenland Energy Co, Fervo Energy Co, Rare Earths Americas, Inc., and EagleRock Land, LLC. These filings highlight interest in both traditional and transition-energy themes, as well as critical minerals and land/resource development.

• Financial services and capital markets activity was also prominent, including Lincoln International, Inc., C2 Capital Group, Inc., and the Masterworks-related offerings such as Masterworks Vault 11, LLC, Masterworks Vault 12, LLC, Masterworks Vault 13, LLC, Masterworks Vault 14, LLC, Masterworks Vault 15, LLC, Masterworks Vault 16, LLC, Masterworks Vault 17, LLC, Masterworks Vault 18, LLC, Masterworks Vault 19, LLC, and Masterworks Vault 20, LLC. These filings underscore continued experimentation in asset-backed and alternative investment structures.

A few companies were especially notable for their scale or innovation profile:

• Cerebras Systems Inc. stood out as one of the most technologically ambitious offerings of the month, reflecting investor interest in advanced AI computing hardware.
• HawkEye 360, Inc. is notable for geospatial analytics and radio-frequency intelligence, a high-tech defense and security use case.
• Fervo Energy Co continues to represent one of the more important energy innovation stories, focused on next-generation geothermal power.
• Rare Earths Americas, Inc. is strategically important given the growing need for domestic critical minerals supply chains.
• Canary PEPE ETF was unusual as an exchange-traded product tied to a meme coin, illustrating how quickly the listed products landscape continues to evolve.

Overall, April’s filing activity suggests a market that remains open to a wide range of themes, but with especially strong representation in SPACs, biotech, AI infrastructure, and energy transition.

Top IPOs

Greenland Energy Co, Austin, TX
Greenland Energy Co is an exploration-stage oil and gas company focused on unlocking hydrocarbon potential in the Jameson Land Basin in East Greenland.
Offering: Public offering by Greenland Energy Company of up to 8,101,852 shares of common stock or pre-funded warrants, each paired with one common warrant, with a combined offering price of $8.64 per share and accompanying warrant; pre-funded warrants are offered at $8.6399 with the same accompanying warrant.

C2 Capital Group, Inc., Boca Raton, FL
C2 Capital Group, Inc. is a creator economy and live streaming company headquartered in Boca Raton, Florida.
Offering: Firm commitment initial public offering of common stock of C2 Capital Group, Inc., with 3,750,000 shares offered at an assumed midpoint price of $4.50 per share and an option for underwriters to purchase additional shares to cover over-allotments.

HawkEye 360, Inc., Herndon, VA
HawkEye 360, Inc. provides secure end-to-end signals intelligence and radio frequency intelligence solutions to the U.S. Government and allied customers.
Offering: Initial public offering of common stock by HawkEye 360, Inc. The company is offering 16,000,000 shares and expects to list on the NYSE under the symbol HAWK.

Avalyn Pharma Inc., Boston, MA
Avalyn Pharma Inc. is a clinical-stage biopharmaceutical company developing inhaled medicines for serious, rare respiratory diseases with significant unmet needs.
Offering: Initial public offering of common stock by Avalyn Pharma Inc.

First Breach, Inc., Baltimore, MD
First Breach, Inc. is an integrated manufacturer of high-quality ammunition and ammunition components serving commercial, law enforcement, military, shooting sports, tactical professional, OEM, reseller, and direct-to-consumer markets.
Offering: Resale registration of up to 45,034,282 shares of common stock by existing stockholders in connection with a direct listing on Nasdaq Capital Market; the company will not receive proceeds from any secondary sales.

Venture Funds

Felix Capital Fund V LP, London, X0, United Kingdom
Felix Capital Fund V LP is a venture capital fund associated with Felix Capital, a London-based investment firm focused on digital lifestyle and consumer technology businesses.
Sold: $155.77M, Investors: 33

Volt Opportunities Fund III-B, L.P., Brooklyn, NY
Volt Opportunities Fund III-B, L.P. is a private investment fund based in Brooklyn, New York.
Sold: $139.5M, Investors: 10

Felix Capital Next III LP, London, X0, United Kingdom
Felix Capital Next III LP is a venture capital investment fund associated with Felix Capital in London.
Sold: $114.37M, Investors: 26

VamosVentures Fund II, L.P., Los Angeles, CA
VamosVentures Fund II, L.P. is a venture capital fund based in Los Angeles, CA. The fund focuses on investing in diverse entrepreneurs and innovative startups.
Offering Amount: $100M, Sold: $61.95M, Investors: 22

Cosmos Fund I LP, Austin, TX
Cosmos Fund I LP is a private investment fund based in Austin, Texas. The entity appears to operate as a limited partnership vehicle for deploying capital into selected investments.
Offering Amount: $100M, Sold: $58.85M, Investors: 23