# SEC Form D startup funding by state, 2026

> As of 2026-11-04, Zalwin tracks 1,812 Form D filings. The largest group is NY with 305 (17% of the total); the groups shown sum to $35,335,704,670 in offering size. Figures are computed from public records and refresh automatically.

| Group | Records | Operating companies | Total offering size | Median offering size |
|---|---|---|---|---|
| NY | 305 | 65 | $4,784,657,507 | $5,000,000 |
| CA | 271 | 89 | $6,041,849,246 | $7,075,237 |
| TX | 129 | 71 | $3,778,686,943 | $4,750,000 |
| WA | 125 | 15 | $671,494,953 | $510,000 |
| DE | 122 | 13 | $495,304,241 | $587,159 |
| FL | 111 | 37 | $3,759,811,764 | $4,719,794 |
| E9 | 73 | 1 | $569,044,070 | $3,861,966 |
| MA | 62 | 21 | $6,186,790,344 | $8,000,000 |
| CT | 57 | 8 | $1,655,836,327 | $57,464,533 |
| IL | 54 | 28 | $264,731,476 | $4,300,000 |
| GA | 38 | 25 | $1,548,325,000 | $54,100,000 |
| N4 | 25 | 0 | $1,715,880,000 | $781,000,000 |
| CO | 25 | 18 | $879,681,680 | $10,040,000 |
| VA | 24 | 14 | $132,340,163 | $5,000,245 |
| PA | 21 | 10 | $477,270,422 | $1,112,000 |
| NV | 20 | 17 | $512,852,444 | $12,000,000 |
| MD | 18 | 14 | $1,090,264,876 | $5,000,000 |
| OH | 18 | 14 | $530,113,935 | $5,000,000 |
| AZ | 18 | 17 | $197,649,079 | $10,040,000 |
| TN | 16 | 12 | $43,120,200 | $1,500,000 |

Source: https://zalwin.com/reports/sec-form-d-startup-funding-by-state-2026 (updated 2026-11-04).