SEC Weekly Report
A curated summary of the newest filings across sectors.
SEC Fundraising Activity ( Sep 1 – 30, 2026 )
| Startups | Crowdfunded | IPOs | Venture Funds |
|---|---|---|---|
| 537 | 48 | 41 | 190 |
Startup Funding
September startup activity
September’s filings included 537 companies raising capital through private offerings. Activity was concentrated in technology and AI, with substantial representation from health care and biotechnology, energy and climate technology, advanced manufacturing, and real estate and finance. The largest filings were heavily skewed toward infrastructure-intensive technology and energy ventures, while dozens of smaller rounds supported specialized health, robotics, software, and industrial startups.
Standout filings
- Labs Companies, Inc. reported a $5.0 billion offering, although the filing listed just one investor and did not provide a business description beyond “Other Technology.”
- Crusoe Inc. reported $3.90 billion from 108 investors. Its focus on AI-oriented data-center infrastructure and energy systems places it at the intersection of two of the month’s strongest themes: accelerating compute demand and the power required to support it.
- TBC - The Boring Co reported $3.42 billion from 141 investors, standing out for its effort to rethink urban transportation through tunnel-based infrastructure.
- Debit My Data, Inc. reported a $3.00 billion offering. With only two investors and limited business detail in the filing, the scale is notable but difficult to interpret.
- Fab2, Inc. reported $588.0 million from 89 investors, reflecting continued investor interest in technology with potential industrial or infrastructure applications.
- Superhuman Platform Inc. raised a reported $335.2 million from 111 investors, highlighting the market’s continued appetite for software platforms capable of delivering productivity gains at scale.
- Celero Communications, Inc. reported $275.0 million from 44 investors, underscoring sustained demand for communications infrastructure.
- Pophouse Avatar Network Inc. reported $257.0 million. Its avatar-network concept points to continued experimentation with digital identity, immersive media, and virtual communities.
- Exa Labs Inc. reported $247.5 million from 38 investors, another sizable technology filing amid the month’s strong AI and data infrastructure activity.
- Quaise Energy, Inc. reported $180.1 million from 49 investors. Deep geothermal technology could expand access to reliable, low-carbon power by reaching heat resources beyond the practical depth of conventional drilling.
- Precision Neuroscience Corp attracted 46 investors. Although the offering amount was not disclosed in the supplied data, its neural-interface work represents one of the month’s most consequential health-technology themes: improving how clinicians and patients interact with the brain.
- Moonwalk Biosciences, Inc. reported $70.2 million from seven investors, supporting biotechnology aimed at translating advanced biological research into therapeutic applications.
- Superluminal Medicines, Inc. reported $65.5 million from 16 investors, adding to September’s concentration of capital in next-generation drug discovery.
- Whisper Aero Inc. reported $46.3 million from 16 investors. Its work on quieter, more efficient propulsion addresses an important barrier to wider adoption of drones, electric aviation, and other emerging mobility systems.
- Prometheus Hyperscale reported $34.8 million from 95 investors, reflecting the infrastructure buildout needed to support hyperscale computing.
- Gravitics, Inc. reported $28.6 million from 37 investors for technology associated with large-scale space habitats and orbital infrastructure.
- CorePower Magnetics, Inc. reported $14.6 million from seven investors, targeting advanced magnetic materials that could improve the efficiency and size of power electronics.
- Parallel Robotics, Inc. reported $11.3 million from 32 investors, contributing to the growing effort to deploy robotics beyond controlled factory environments.
- RenewCO2 Inc. reported $9.7 million from five investors, representative of the emerging carbon-utilization segment, which seeks to convert captured carbon into useful products rather than treating it solely as waste.
The September activity suggests that private-market investors remain willing to fund ambitious, capital-intensive bets—particularly in AI infrastructure, energy resilience, biotechnology, advanced robotics, and space systems—while healthcare and climate technologies continue attracting capital for problems with broad societal impact. Offering amounts reflect the figures reported in the filings and may represent offering targets or total offering sizes rather than funds definitively received.
Top Companies
Crusoe Inc., Denver, CO
Crusoe, Inc. provides AI infrastructure and cloud compute services using an energy-first approach.
Offering Amount: $3.9B, Sold: $3.11B, Investors: 108
TBC - The Boring Co, Bastrop, TX
The Boring Company is focused on infrastructure and tunnel construction, aiming to reduce traffic congestion through innovative tunneling technology.
Offering Amount: $3.42B, Sold: $3.2B, Investors: 141
Debit My Data, Inc., Fort Lauderdale, FL
Debit My Data, Inc. operates DebitMyData, a leading marketplace platform that enables users to trade and monetize their digital data and advertising ledgers called 0fung.
Offering Amount: $3B, Sold: $125,000, Investors: 2
Fab2, Inc., Austin, TX
Fab2, Inc. is an Austin-based semiconductor technology company formerly known as Atomic Semi.
Offering Amount: $588M, Sold: $556.02M, Investors: 89
Harvey AI Corp, San Francisco, CA
CounselAI is an AI-powered eDiscovery platform that helps attorneys better scrutinize evidence and build their cases.
Sold: $550.3M, Investors: 28
Crowdfunding Offerings
Crowdfunding
September brought 48 crowdfunding offerings, with reported offering amounts totaling approximately $7.69 million. The filings span several recurring verticals, including consumer food and beverage, artificial intelligence and software, healthcare and biotechnology, clean energy, financial services, real estate and hospitality, media, and consumer products.
Companies that stand out
The largest offering came from Satschel, Inc, which reported a $5 million offering. While the filing data supplied no business description, the size of the raise makes Satschel the month’s clearest crowdfunding outlier.
Several companies point to technology-driven opportunities. Clarify AI, Inc. is notable for its explicit artificial-intelligence focus, while Etherdyne Technologies, Inc., Cybr International, Inc, Powerlink Digital Partners I, Inc., Torre Labs, Inc., and String Cubed Inc suggest activity across advanced technology, cybersecurity, digital infrastructure, and software. Contractor Plus, Inc. also stands out as a company name associated with the digitization of contractor workflows and services.
Healthcare and life sciences are represented by Hepatx Corp, Acorn Genetics Inc., Immortal Male, Inc., Sherpa Healthy Inc., and Royal Care Companion Support Corp. These offerings are notable because they align with important challenges in disease treatment, genetics, wellness, aging, and care support, although the available filing list does not include enough detail to assess their specific technologies or clinical approaches.
Climate and energy-related names include GroundWorx Inc., GoSun Inc., Infinity Fuel Cell & Hydrogen, Inc., CGB Green Liberty Notes LLC, and Fortune Nickel & Gold Inc. In particular, fuel cells, hydrogen, solar technologies, and materials for the energy transition remain strategically important areas as companies and investors seek alternatives to carbon-intensive systems.
Food and beverage crowdfunding remains a strong theme. The September roster includes American Freak Libations LLC, Legally Addictive Foods, Inc., Mightylicious Inc, Tuyyo Foods, Inc., Sapor Syrup Inc., Pulp Fixin LLC, Brother Brands Inc., and Same Same But Different LLC. These companies illustrate how crowdfunding continues to serve emerging consumer brands that may benefit from community-based marketing as well as capital.
The broader September roster
Other offerings covered a wide range of consumer, media, finance, hospitality, and entertainment concepts. The full list includes Unlimited Creation LLC, Imply Nation LLC, Bright Saver, Inc., Optimistic Productions LLC, TradeFunded LLC, MRH CF, LLC, Live Pacha, LLC, Oner Network, Inc., Red Planet Resorts LLC, East Perry LLC, I Was Happy Yesterday, LLC, and Vidavu, Inc..
The remaining filings were Impact Reality, Inc., Double Toasted 2nd Channel Drop LLC, LSG Inc, GACW Inc, Sovereign Kingdom LLC, Soul Community Planet, Inc., Shark Wheel, Inc., Posterity Films, LLC, NXCE Holdings, LLC, and Brax Technologies PBC. With many offerings clustered between $10,000 and $50,000, the month also demonstrates how crowdfunding continues to accommodate smaller, early-stage capital raises alongside larger technology and growth-company financings.
Top Companies
Satschel, Inc, Dallas, TX
Satschel, Inc. is a leading-edge technology company specializing in creating frictionless solutions for the financial services industry.
Offering Amount: $5M
Unlimited Creation LLC, Los Angeles, CA
Nineteen Films develops and produces feature films, including suspense-thriller and horror projects.
Offering Amount: $350,000
Clarify AI, Inc., Los Angeles, CA
Clarify AI helps self-insured employers identify, investigate, validate, and resolve costly medical billing discrepancies before claims are paid.
Offering Amount: $250,000
Imply Nation LLC, Versailles, KY
The Company provides investors with fractional ownership interests in a Thoroughbred racehorse.
Offering Amount: $216,200
Bright Saver, Inc., Palo Alto, CA
Bright Saver Inc provides education, outreach, and access to affordable plug-in solar solutions for low-income and underserved households.
Offering Amount: $150,000
IPOs
September 2026 IPO Activity
September saw 41 companies file for IPOs or related public offerings with the SEC. The month’s activity was dominated by special-purpose acquisition companies (SPACs), while biotechnology and technology companies represented the most prominent operating-business filings.
Key trends
- SPACs remained the largest category. At least 19 of the 41 filings were explicitly structured as blank-check or acquisition companies, representing approximately 46% of the month’s activity. Examples include New Iceland Arctic Acquisition Corp., FutureCore Acquisition Corp, Lower Cross Acquisitions Corp, Calm Seas Acquisition Corp., and Orange Street Acquisition Corporation.
- Life sciences continued to attract public-market capital. Filings came from Iambic Therapeutics, Inc., Retension Pharmaceuticals, Inc., ADARx Pharmaceuticals, Inc., GOA Therapeutics Corp, TRex Bio, Inc., City Therapeutics, Inc., and RegenLab USA Inc.. Several filings did not yet disclose pricing or share counts, suggesting that many offerings remained at an early registration stage.
- Technology and digitally enabled businesses were also represented. The month included filings from Nomyx Technology Labs Inc., Glow Holdings, Inc., Oura Inc., SB Energy, Inc., NSCALE Ltd, XChange Ventures, LLC, and Altivera Vision Inc..
- Community banking and financial conversions added breadth. Hometown Financial Group, Inc. and MFB Bancorp, Inc. pursued offerings tied to mutual-holding-company conversions. Other financial or investment-related filings included Reiturn Fund 1 LLC and Rafex Gold Corp., although Rafex’s filing was a resale offering in which the company would receive no proceeds.
Notable offerings and companies
Several proposed offerings were sizeable. Calm Seas Acquisition Corp. registered a $300 million SPAC offering, while Lower Cross Acquisitions Corp proposed $200 million. ADARx Pharmaceuticals, Inc. disclosed a proposed range of approximately $328 million to $372 million, making it one of the largest operating-company offerings in the group. New Iceland Arctic Acquisition Corp. stood out for its stated focus on high-growth companies in Iceland and the broader Arctic region, as well as its unusually structured units containing shares, warrants, and rights.
Among the most technologically and scientifically significant registrants were:
- Iambic Therapeutics, Inc., a biotechnology company pursuing drug-discovery programs.
- ADARx Pharmaceuticals, Inc., which is advancing RNA-targeted therapeutic approaches.
- Retension Pharmaceuticals, Inc., developing RTN-001, a next-generation PDE-5 inhibitor for cardiovascular and renal indications.
- TRex Bio, Inc., whose filing highlights an emerging biotechnology platform and potential strategic participation from Eli Lilly.
- Oura Inc., known for consumer health and wellness wearable technology.
- SB Energy, Inc., operating in the energy and clean-technology ecosystem.
- Glow Holdings, Inc., focused on enterprise software and SaaS-related assets.
The remaining filings covered a diverse set of businesses, including Rothe Development, Inc., Dear Air Product Technology Inc, VME Companies, Inc., and Accelevation Holdings Corp.. Acquisition-company filings included Chic Cheque Inc., RainRock Acquisition Corp., Legion Capital Acquisition Corp., Elevation Acquisition Group Inc., Football Manager SPAC Inc., Harbour Island Acquisition Corp. I, Allarity Acquisition Corp., SPACCircle Acquisition Corp., Oceanhawk Acquisition II Corp., Silicon Valley Acquisition Corp. II, Frazier Life Sciences Acquisition Corp. II, TCGX Acquisition Corp. II, MNBS Acquisition Corp., and BHAV Acquisition Corp II.
Overall, September’s filings point to a market still receptive to speculative acquisition vehicles, while healthcare innovation, digital platforms, wearables, and energy technology remained the most compelling areas among companies pursuing operating-company IPOs. Because several submissions lacked final pricing, share counts, or detailed offering terms, the month’s filing total should be viewed as an indicator of prospective IPO activity rather than completed offerings.
Top IPOs
Chic Cheque Inc., California, CA
EcoPlus, Inc. is an environmental waste technology company focused on a fundamental technique and patent related to brown grease and other waste fats, oils, and grease.
Offering: Rose Hill Acquisition Corporation is conducting an initial public offering of 12,500,000 units at $10.00 per unit, raising $125 million. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The warrants allow holders to purchase Class A shares at $11.50 per share after certain conditions are met. The company is a blank check company formed to complete a business combination and has not yet selected a target. The offering includes an over-allotment option for 1,875,000 additional units. The sponsor and affiliated parties are purchasing warrants in a concurrent private placement. The units will be listed on Nasdaq under the symbol "ROSEU," with separate trading of shares and warrants expected later. Investors have redemption rights upon the completion of the initial business combination or if no combination occurs within 15 months.
Iambic Therapeutics, Inc., San Diego, CA
Iambic Therapeutics, Inc. is a technology and clinical-stage life sciences company developing novel medicines using its proprietary molecular superintelligence platform.
Offering: Initial public offering of Iambic Therapeutics, Inc. common stock; the company intends to list on The Nasdaq Global Select Market under the symbol IAM and has granted underwriters a 30-day option to purchase additional shares.
Hometown Financial Group, Inc., Easthampton, MA
Hometown Financial Group, Inc. is a newly formed bank holding company that will own 100% of TruNorth Bank.
Offering: Initial public offering of participation interests in up to 15,300,000 shares of Hometown Financial Group, Inc. common stock, offered in connection with the conversion of Hometown Financial Group, MHC from a mutual holding company to a stock holding company. Participants in The Defined Contribution (Plan A) of CBERA may invest eligible 401(k) account balances in the offering.
Nomyx Technology Labs Inc., Lewes, DE
Nomyx Technology Labs Inc. develops software infrastructure that enables institutional asset managers to create and administer tokenized investment vehicles, including fund interests and other blockchain-recorded securities.
Offering: Tier 2 Offering, Securities Offered 6000000, Offering Amount 44000000.00
Rothe Development, Inc., Webster, TX
Rothe Development, Inc. provides mission-critical engineering, technology, operations, and technical services to NASA, the Department of Defense, other federal agencies, commercial space operators, and regulated commercial industries.
Offering: Rothe Development, Inc. is conducting an initial public offering of its Class B common stock, with an anticipated Nasdaq Capital Market listing under the symbol RDEV. The offering includes an underwriter warrant equal to 6% of the shares issued and a 30-day over-allotment option for additional shares.
Venture Funds
STAN-Biozen A Series of V360 Holdings LLC, Falmouth, MA
STAN-Biozen A Series of V360 Holdings LLC is a Delaware-organized pooled investment fund based in Falmouth, Massachusetts.
Offering Amount: $1B
922 Capital Fund LLC Series Z39, Houston, TX
922 Capital Fund LLC Series Z39 is a Houston-based pooled investment fund organized as a series of 922 Capital Fund LLC. The fund has appeared in SEC Form D filings for an exempt securities offering.
Offering Amount: $500M
BOC Ventures Fund III, LP, New York, NY
BOC Ventures Fund III, LP is a New York-based venture capital investment fund. The fund provides capital to portfolio companies and is structured as a limited partnership.
Offering Amount: $200M, Sold: $14.5M, Investors: 10
Narya Capital Fund III, L.P., Columbus, OH
Narya Capital Fund III, L.P. is a Columbus, Ohio-based pooled investment fund managed by Narya Capital.
Offering Amount: $200M
Summit Peak Ventures IV, LP, Fort Worth, TX
Offering Amount: $150M, Sold: $58.56M, Investors: 28