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SEC Fundraising Activity ( Aug 1 – 31, 2025 )

StartupsCrowdfundedIPOsVenture Funds
215 75 57 12

Startup Funding

August 2025 Startup Fundraising Activity: A Record Month for Innovation

August 2025 saw a remarkable surge in private equity offerings, with 215 startups raising capital across a diverse set of industry verticals. The most active sectors included Other Technology, Biotechnology, Health Care, Manufacturing, and Real Estate. This month’s activity underscores the continued investor appetite for transformative technologies and solutions addressing critical global challenges.

Key Industry Trends

  • Technology Dominance: Over half of the raises came from the "Other Technology" category, spanning AI, cybersecurity, enterprise SaaS, and next-gen computing.
  • Biotech & Health Care: Startups in biotechnology and health care continue to attract significant funding, reflecting ongoing innovation in therapeutics, diagnostics, and digital health.
  • Real Estate & Finance: Large offerings in REITs, residential, and commercial real estate signal robust investor interest in property technology and alternative asset classes.
  • Manufacturing & Energy: Advanced manufacturing and clean energy solutions are gaining traction, with several companies raising substantial rounds.

Standout Companies & Notable Raises

Mega-Rounds & Industry Leaders

  • Monument Ventures Inc. WY (Sheridan, WY) led the month with a $1 billion raise, signaling major ambitions—though details on their business remain under wraps.
  • Quantinuum (Brooklyn Park, MN) secured $750 million from 35 investors, cementing its position as a leader in advanced computing. Their work in quantum computing could redefine the boundaries of computational power.
  • Acacia Property Corp 2025 (San Mateo, CA) raised $700 million in the REITs and finance sector, highlighting the continued strength of real estate as an investment class.

Innovation in Technology

  • Ramp Business Corp (New York, NY) raised nearly $600 million from 61 investors, continuing its rapid ascent in fintech and spend management automation.
  • Beta Technologies Inc. (South Burlington, VT) brought in $475 million for its next-generation electric aviation solutions, a testament to the growing momentum in sustainable transportation.
  • Blockratize Inc. (New York, NY) and Elise A.I. Technologies Corp. (Washington, DC) both raised over $200 million each, pushing the envelope in blockchain and artificial intelligence, respectively.

Health & Biotech Breakthroughs

  • Syncromune, Inc. (Fort Lauderdale, FL) raised $145 million from 77 investors, advancing its immunotherapy platform for cancer treatment.
  • RESTOR3D, Inc. (Durham, NC) and Rezo Therapeutics, Inc. (San Francisco, CA) are making waves in personalized medicine and drug discovery, with significant rounds to accelerate their R&D.

Real Estate & Community

Emerging Tech & AI

Noteworthy Early-Stage and Niche Innovators

  • AIGEN Inc. (Seattle, WA) and florrent, Inc. (Amherst, MA) are developing sustainable agtech and energy storage solutions, respectively.
  • Emerald AI, Inc. (Washington, DC) and Nano-c Inc (Westwood, MA) are pushing the boundaries in AI and nanomaterials.

The Bottom Line

August 2025’s fundraising activity demonstrates a robust and diverse startup ecosystem, with record-breaking rounds in technology, biotech, and real estate. The month’s standout companies are not only attracting capital but are also tackling some of the most pressing challenges of our time—from quantum computing and sustainable aviation to cancer immunotherapy and AI-driven automation. As we move into the fall, all eyes will be on how these innovators deploy their new capital to drive impact and growth.

Stay tuned for next month’s roundup as we continue to track the pulse of private market 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: $250.78M, Investors: 37

Ramp Business Corp, New York, NY
Ramp Business Corporation is a leading provider of spend management solutions, offering a platform that combines corporate cards, travel, expenses, and accounts payable to automate finance operations.
Offering Amount: $600M, Sold: $514.09M, Investors: 61

Beta Technologies Inc., South Burlington, VT
BETA Technologies is a manufacturer of electric VTOL and CTOL aircraft, training, and charging networks, designed and purpose-built by pilots for operational simplicity.
Offering Amount: $475M, Sold: $469.62M, Investors: 75

Verkada Inc., San Mateo, CA
Verkada Inc. is a leading provider of modern, cloud-managed security solutions, including security cameras, access control, and smart building technologies.
Offering Amount: $200M, Sold: $200M, Investors: 21

Syncromune, Inc., Fort Lauderdale, FL
Syncromune, Inc. is a privately held, clinical-stage biopharmaceutical company dedicated to the development of an in situ platform therapy optimized for metastatic solid tumor cancers.
Offering Amount: $144.83M, Sold: $111.83M, Investors: 77

Crowdfunding Offerings

Crowdfunding Activity: August 2025

August saw a robust 75 companies file for crowdfunding offerings, reflecting the continued vibrancy and diversity of the Reg CF market. The filings spanned a wide range of business verticals, with notable concentrations in food & beverage (breweries, bakeries, restaurants), clean energy, technology, media/film, and consumer products. This month’s cohort also included a healthy mix of early-stage tech startups, local hospitality ventures, and innovative energy solutions.

Key Trends and Standout Companies

Food & Beverage remains a dominant sector, with breweries like 13 Stripes Brewery LLC, Bowigens Beer Company LLC, and Tidal Creek Brewhouse Grand Strand LLC seeking to expand their local footprints. Restaurants and specialty food producers, such as Jay The Cheesecake Queen, LLC and Plainview Beef Co, LLC, also featured prominently.

Clean Energy and Sustainability are well-represented, with companies like InfiniCell Energy, Inc., Flower Turbines Projects Series 1, LLC, and EcoSave Technologies Inc working on solutions ranging from advanced battery tech to small-scale wind turbines and energy-saving devices.

Technology and AI continue to attract investor interest. Prosperoai LLC, aBLT AI Inc., and Sig2 Labs, Inc. are among the AI-driven startups seeking capital, while Swingvision, Inc. stands out for its application of computer vision to sports analytics.

Noteworthy Offerings

  • InfiniCell Energy, Inc. and Paladin Power Inc. are both tackling the critical challenge of energy storage, a linchpin for the renewable energy transition. Their innovations could have far-reaching impacts on grid reliability and the adoption of solar and wind power.

  • Flower Turbines Projects Series 1, LLC is notable for its focus on small, efficient wind turbines designed for urban and community-scale deployment, addressing the need for decentralized clean energy solutions.

  • Prosperoai LLC and aBLT AI Inc. exemplify the ongoing push to democratize artificial intelligence, with offerings that could make advanced analytics and automation accessible to a broader range of businesses.

  • Teren Inc, based in Chattanooga, is another standout, likely leveraging technology to address infrastructure or environmental monitoring—an increasingly important field as climate resilience becomes a priority.

  • iVnews LLC, from Palo Alto, is part of a new wave of media startups aiming to reinvent news delivery, potentially using AI or new digital formats to combat misinformation and improve civic engagement.

  • Bit Equip, Inc., based in Houston, may be innovating in the industrial or energy equipment space, a sector ripe for digital transformation and efficiency gains.

The Big Picture

This month’s filings highlight the continued appeal of crowdfunding for both local businesses and high-growth startups. The diversity of offerings—from artisanal food to advanced energy storage and AI—demonstrates the flexibility of Reg CF as a capital-raising tool. As always, the companies that stand out are those addressing urgent societal needs with innovative solutions, whether in clean energy, technology, or community engagement.

Stay tuned for next month’s roundup as we continue to track the evolving landscape of SEC-regulated crowdfunding!

Top Companies

Ballahack Airsoft LLC, Chesapeae, VA
Ballahack Airsoft provides immersive, story-driven airsoft experiences in Chesapeake, Virginia.
Offering Amount: $2M

13 Stripes Brewery LLC, Taylors, SC
13 Stripes Brewery is a brewery and restaurant located in Taylors, South Carolina.
Offering Amount: $700,000

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: $372,110

Bit Equip, Inc., Houston, TX
Bit Equip, Inc. is a development stage financial services company focused on providing Bitcoin-collateralized loans to Equipment-as-a-Service (EaaS) providers in sectors such as data centers, robotic manufacturing, and infrastructure equipment including HVAC and energy generation.
Offering Amount: $350,000

Teren Inc, Chattanooga, TN
TEREN is a high-performance technical apparel company based in Chattanooga, TN, specializing in minimalist design clothing that transitions seamlessly from office to outdoor adventures.
Offering Amount: $350,000

IPOs

August 2025 IPO Activity Report

August 2025 was a dynamic month for public offerings, with a diverse array of companies entering the public markets or registering significant offerings with the SEC. This month’s filings reflect continued strength in both traditional and emerging sectors, with a notable surge in digital asset-related products and SPAC (Special Purpose Acquisition Company) activity.

IPO and Public Offering Highlights

  • Number of IPOs/Public Offerings: Over 40 companies and investment vehicles filed for IPOs or registered significant public offerings this month, spanning a wide range of industries and geographies.
  • Dominant Sectors:
    • Digital Assets & Crypto ETFs: A significant portion of filings were for exchange-traded funds (ETFs) and trusts providing exposure to cryptocurrencies and blockchain assets, including Cardano, Polkadot, Chainlink, Dogecoin, XRP, Avalanche, and even meme coins like $TRUMP.
    • SPACs & Acquisition Corps: The SPAC trend remains robust, with numerous blank check companies targeting sectors such as AI, digital infrastructure, natural resources, and decarbonization.
    • Healthcare & Life Sciences: Several companies in healthcare, wellness, and pharmaceuticals filed, reflecting ongoing investor interest in these sectors.
    • Technology & Fintech: Notable filings from companies in cybersecurity, AI infrastructure, and fintech signal continued innovation and investor appetite in these areas.

Notable Companies and Offerings

Innovation & Technological Advancement

  • Figure Technology Solutions, Inc. (Reno, NV):
    A standout fintech IPO, Figure is offering over 31 million shares at an estimated $20–$22 per share. The company leverages blockchain technology to streamline lending, payments, and asset management, positioning itself at the intersection of traditional finance and decentralized technology.

  • Netskope Inc (Santa Clara, CA):
    While details are limited, Netskope is a recognized leader in cloud security, and its public offering is highly anticipated in the cybersecurity space.

  • AI Continuum, Inc. (Las Vegas, NV):
    This company is offering shares to the public, focusing on AI-driven solutions, reflecting the ongoing trend of AI companies seeking public capital.

  • AI Infrastructure Acquisition Corp. (Las Vegas, NV):
    A SPAC targeting acquisitions in AI, machine learning, and next-generation data center infrastructure, highlighting investor interest in foundational AI technologies.

Digital Asset & Blockchain Innovation

SPACs & Acquisition Companies

  • American Exceptionalism Acquisition Corp. A (Menlo Park, CA):
    Raising $250 million, this SPAC is led by Chamath Palihapitiya and is notable for not issuing warrants, a departure from typical SPAC structures.

  • New America Acquisition I Corp. (New York, NY):
    With a $300 million raise, this SPAC targets large-scale business combinations in technology, healthcare, and logistics.

  • GigCapital8 Corp. (Palo Alto, CA):
    Focused on aerospace, defense, cybersecurity, and AI, this $220 million SPAC reflects the intersection of national security and advanced technology.

Healthcare & Wellness

  • Farlong Holding Corp (Walnut, CA):
    A science-driven healthcare and wellness company specializing in innovative dietary supplements, Farlong is capitalizing on the growing demand for personalized health solutions.

  • LB Pharmaceuticals Inc (New York, NY):
    While details are limited, the company’s presence in the pharmaceutical sector is notable amid ongoing healthcare innovation.

Other Noteworthy Offerings

  • Deep Isolation Nuclear, Inc. (Berkeley, CA):
    With a massive offering of over 58 million shares, Deep Isolation is focused on nuclear waste disposal—a critical challenge for the energy sector and environmental sustainability.

  • Elauwit Connection, Inc. (Cheyenne, WY):
    This company is bringing 1.5 million shares to market, aiming to expand its technology-driven connectivity solutions.

  • Legence Corp. (San Jose, CA):
    With a large IPO of 26 million shares at a $25–$29 range, Legence is a significant player in its sector, backed by Blackstone.

Industry Trends

  • Crypto and Digital Asset Products: The proliferation of crypto ETFs and trusts is a defining feature of this month, with both established and novel digital assets represented. This trend signals increasing mainstream acceptance and regulatory clarity for digital asset investment vehicles.
  • SPACs Remain Popular: Despite some market skepticism, SPACs continue to be a preferred vehicle for raising capital and targeting high-growth sectors, especially in technology, AI, and digital infrastructure.
  • Healthcare & Wellness: Ongoing innovation in healthcare, pharmaceuticals, and wellness is evident, with companies leveraging science and technology to address pressing health challenges.
  • Fintech & AI: The intersection of finance, technology, and AI remains a hotbed of activity, with companies like Figure Technology Solutions and AI-focused SPACs drawing significant investor interest.

In summary: August 2025’s IPO activity reflects a market that is both embracing the future—through digital assets, AI, and fintech—and addressing critical societal needs in healthcare and infrastructure. The diversity and innovation on display this month underscore the continued evolution of the public markets as a platform for transformative companies and investment products.

Top IPOs

216 Pharmacy Corp, Scottsdale, AZ
216 Pharmacy Corp is a specialty pharmaceutical company incorporated in Arizona in 2025.
Offering: Tier 2 Offering, Securities Offered 10000000, Offering Amount 15000000.00

VisionWave Holdings, Inc., West Hollywood, CA
VisionWave Holdings, Inc. is an emerging company focused on delivering advanced defense, homeland security, and industrial solutions through the integration of artificial intelligence and autonomous technologies.
Offering: VisionWave Holdings, Inc. is offering up to 10,200,000 shares of its common stock through a Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD. YA II may purchase up to $50 million of shares from the company at the company's discretion over a 24-month term. The purchase price for shares under the SEPA is 97% of the lowest daily volume weighted average price (VWAP) over a specified period. YA II has also provided $5 million in convertible promissory notes as a prepaid advance, convertible into common stock at a conversion price with a floor of $1.00 per share. The offering is not a traditional IPO but a registered resale offering by the selling stockholder. The shares are traded on Nasdaq under the symbol "VWAV" with a recent price of $9.76 per share as of August 25, 2025.

AP VIII Queso Holdings, L.P., Purchase, NY
AP VIII Queso Holdings, L.P. is a leading mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market.
Offering: Phoenix Education Partners, Inc. is conducting its initial public offering (IPO) of common stock. All shares are being sold by existing selling stockholders, and the company will not receive any proceeds from the sale. The shares will be listed on the New York Stock Exchange under the symbol "PXED." The majority stockholder, AP VIII Socrates Holdings, L.P., an affiliate of Apollo Global Management, will remain a controlling stockholder after the offering. The company is an emerging growth company and will comply with reduced reporting requirements. The offering includes an option for underwriters to purchase additional shares within 30 days.

Grayscale Cardano Trust ETF, Stamford, CT
Grayscale Cardano Trust ETF is a Delaware Statutory Trust formed to hold ADA, digital assets created and transmitted through the decentralized Cardano Network.
Offering: Grayscale Cardano Trust ETF is a Delaware statutory trust issuing common units ("Shares") representing ownership in ADA digital assets held by the Trust. The Trust aims to reflect the value of ADA per Share, less expenses and liabilities. Shares will be listed on NYSE Arca under the symbol "GADA" and issued continuously at prices tied to ADA and market trading prices. Shares are sold in blocks of 10,000 ("Baskets") to authorized participants, with creation and redemption currently via cash orders, and potential future in-kind transactions pending regulatory approval. The offering is not an initial public offering and involves significant risks. The Trust is an emerging growth company and not registered under the Investment Company Act.

Grayscale Polkadot Trust ETF, Stamford, CT
Grayscale Polkadot Trust ETF is a Delaware Statutory Trust formed to hold DOT, digital assets created and transmitted through the decentralized Polkadot Network.
Offering: Grayscale Polkadot Trust ETF is a Delaware statutory trust issuing common units ("Shares") representing fractional undivided beneficial interest in the Trust, which holds DOT digital assets based on the Polkadot Network. The Trust aims to reflect the value of DOT held, less expenses and liabilities, providing investors exposure to DOT through Shares. Shares will be listed on NASDAQ under the symbol "DOT" and issued continuously at prices tied to the DOT price and market trading price. Shares are sold in blocks of 10,000 ("Baskets") to authorized participants, with creation and redemption currently via cash orders, and potential future in-kind transactions pending regulatory approval. The Trust is an emerging growth company and not registered under the Investment Company Act or regulated as a commodity pool. The offering is not an IPO but a continuous offering of an indeterminate number of Shares.

Venture Funds

Emergent Ventures III, L.P., Belmont, CA
Sold: $58.52M, Investors: 91

Artis TechBio Multiclass SPV, L.P., San Francisco, CA
Sold: $26.46M, Investors: 81

SEG Venrex XI, L.P., New York, NY
Sold: $17.57M, Investors: 29

Utopia Radical Asia Fund 1, LP, Singapore, U0, Singapore
Sold: $13.81M, Investors: 7

Kairos SPV Fund LLC, Beverly Hills, CA
Sold: $9.54M, Investors: 4