Form D private capital tracker · United States, with 10 metros up close

Who is raising private money, where, and how much of it is AI

Every US startup raise and venture fund filed with the SEC on Form D since 2019, with ten startup hubs tracked up close. Amendments are collapsed into single raises, startup rounds are separated from new venture funds, and AI companies are tagged with evidence. The page also states plainly where the public data is blind.

Source SEC Form DFilings → filings · raisesBuilt

How fast is AI's share of startup money growing?

Dollars are the latest reported "total amount sold" of raises first filed in each quarter. Form D misses many rounds, so treat levels as a floor (see Coverage gap).

AI share by dollars and by number of raises

Dollar share swings with a few mega-rounds; count share is the steadier read of how many companies are AI.

"Current evidence" = AI tier strong or likely (AI name, YC AI tags, AI-first homepage copy, or a quote-verified model check). It describes companies as they are today, so a company that later pivoted to AI also counts for its earlier raises, which inflates early years. "AI in the name when it raised" is strict and time-correct but misses most AI companies. The truth sits between the two lines.

Is new venture-fund formation recovering?

Blind-pool venture funds only: SPVs, series vehicles and deal-by-deal series are excluded. Parallel vehicles ("Fund I" and "Fund I-A") count once. More on New funds.