Funding records
Announced vs filed: funding rounds where the press release and the SEC filing differ
As of 2026-10-04
A Form D is a short notice a company files with the U.S. Securities and Exchange Commission after it sells shares or other securities privately, without a public offering. It is due within 15 days of the first sale.
A Form D records what had been sold by the date it was filed. When more is sold later, the company may file an amendment; where one raised the amount sold, the table uses it and links it.
A difference between the two figures has ordinary reasons: closings after the filing date, loans or credit lines counted in the announced total, shares sold by earlier holders rather than by the company, and money raised under a separate filing or outside the United States.
A difference is not a finding of wrongdoing. Each row shows the two figures, their dates and their sources.
Rows shown: the announcement and the Form D are for the same round (announced within 60 days of the Form D's first sale or filing date), and they differ by 20% or more and by at least $10 million. Click a column heading to sort.
| Company | Announced | Filed (Form D) | Difference | Fix |
|---|---|---|---|---|
| Crusoe Inc. | $3.9B 2026-09-17 announcement |
$3.11B sold of $3.9B first sale 2026-08-31; as of 2026-09-17 Form D |
$791.5M 20.3% less on the Form D |
|
| Saronic Technologies, Inc. | $1.75B 2026-03-31 announcement |
$1.02B sold of $1.75B first sale 2026-03-27; as of 2026-04-09 Form D |
$725.8M 41.5% less on the Form D |
|
| Wonder Group, Inc. | $650M 2026-07-16 announcement |
$354.4M sold of $600M first sale 2026-06-22; as of 2026-07-08 Form D |
$295.6M 45.5% less on the Form D |
|
| Cloaked, Inc. | $375M 2026-03-19 announcement |
$116.7M sold of $133.2M first sale 2026-02-09; as of 2026-03-27 Form D |
$258.3M 68.9% less on the Form D |
|
| The announcement names a credit facility alongside the round; a Form D records securities sold, so a credit facility would not appear on it. | ||||
| Blue Energy Global Inc. | $380M 2026-04-21 announcement |
$177.5M sold of $400M first sale 2026-04-17; as of 2026-05-01 Form D |
$202.5M 53.3% less on the Form D |
|
| The announcement says the total includes debt; a Form D records securities sold, so debt would not appear on it. | ||||
| Stord, Inc. | $250M 2026-05-26 announcement |
$61.7M sold of $300M first sale 2026-05-11; as of 2026-05-26 Form D |
$188.3M 75.3% less on the Form D |
|
| Ollin Biosciences, Inc. | $330M 2026-06-24 announcement |
$156.2M sold of $330M first sale 2026-05-14; as of 2026-06-24 Form D |
$173.8M 52.7% less on the Form D |
|
| Legora, Inc. | $600M 2026-04-30 announcement |
$441.5M sold of $600.1M first sale 2026-03-09; as of 2026-03-24 Form D |
$158.5M 26.4% less on the Form D |
|
| Modal Labs, Inc. | $355M 2026-05-22 announcement |
$204.9M sold of $205M first sale 2026-04-14; as of 2026-08-31 Form D |
$150.1M 42.3% less on the Form D |
|
| Antares Nuclear, Inc. | $470M 2026-07-27 announcement |
$320M sold of $320M first sale 2026-07-08; as of 2026-07-28 Form D |
$150M 31.9% less on the Form D |
|
| The announcement says $100 million of the total is debt; a Form D records securities sold, so debt would not appear on it. | ||||
| Hadrian Automation, Inc. | $260M 2025-07-17 announcement |
$110M sold of $161.3M first sale 2025-06-27; as of 2025-07-28 Form D |
$150M 57.7% less on the Form D |
|
| The announcement names a loan facility arranged by Morgan Stanley alongside the Series C; a Form D records securities sold, so a loan would not appear on it. | ||||
| AdvanCell, Inc. | $315M 2026-07-15 announcement |
$218.3M sold of $315M first sale 2026-06-30; as of 2026-07-16 Form D |
$96.7M 30.7% less on the Form D |
|
| Standard Nuclear, Inc. | $140M 2026-01-28 announcement |
$46.5M sold of $70M first sale 2026-01-23; as of 2026-02-09 Form D |
$93.5M 66.8% less on the Form D |
|
| Verkada Inc. | $100M 2025-12-03 announcement |
$20M sold of $40M first sale 2025-11-05; as of 2025-12-09 Form D |
$80M 80.0% less on the Form D |
|
| The announcement names a secondary sale by existing holders; shares sold by earlier holders are not sold by the company, so they would not appear on its Form D. | ||||
| Addition Therapeutics, Inc. | $100M 2025-12-17 announcement |
$28M sold of $28M first sale 2025-12-11; as of 2025-12-22 Form D |
$72M 72.0% less on the Form D |
|
| Principal Mineral Co. Inc. | $280M 2026-06-16 announcement |
$208.8M sold of $208.8M first sale 2026-06-15; as of 2026-07-08 Form D |
$71.2M 25.4% less on the Form D |
|
| The announcement names a credit facility alongside the round; a Form D records securities sold, so a credit facility would not appear on it. | ||||
| Terremoto Biosciences, Inc. | $108M 2026-04-15 announcement |
$40.7M sold of $108.6M first sale 2026-04-10; as of 2026-04-22 Form D |
$67.3M 62.3% less on the Form D |
|
| Kalshi Inc. | $185M 2025-06-25 announcement |
$125M sold of $125M first sale 2025-06-24; as of 2025-10-30 Form D |
$60M 32.4% less on the Form D |
|
| Aria Networks, Inc. | $125M 2026-04-07 announcement |
$73M sold of $100M first sale 2026-04-06; as of 2026-04-21 Form D |
$52M 41.6% less on the Form D |
|
| Supabase, Inc. | $100M 2025-10-03 announcement |
$48.1M sold of $113.1M first sale 2025-10-02; as of 2025-10-08 Form D |
$51.9M 51.9% less on the Form D |
|
| The announcement names a secondary sale by existing holders; shares sold by earlier holders are not sold by the company, so they would not appear on its Form D. | ||||
| Gt Medical Technologies, Inc. | $100M 2026-06-09 announcement |
$50.1M sold of $100.1M first sale 2026-05-08; as of 2026-07-22 Form D |
$49.9M 49.9% less on the Form D |
|
| Electra Therapeutics, Inc. | $183M 2025-10-22 announcement |
$134.2M sold of $184.1M first sale 2025-10-15; as of 2025-10-30 Form D |
$48.8M 26.7% less on the Form D |
|
| Preply, Inc. | $150M 2026-01-21 announcement |
$101.5M sold of $120.9M first sale 2025-12-31; as of 2026-01-20 Form D |
$48.5M 32.3% less on the Form D |
|
| Apex Technology, Inc. | $200M 2025-09-12 announcement |
$151.9M sold of $151.9M first sale 2025-08-29; as of 2025-10-03 Form D |
$48.1M 24.1% less on the Form D |
|
| Prime Intellect, Inc. | $130M 2026-07-08 announcement |
$82.5M sold of $85M first sale 2026-06-03; as of 2026-07-01 Form D |
$47.5M 36.6% less on the Form D |
|
| HawkEye 360, Inc. | $150M 2025-12-18 announcement |
$106M sold of $275M first sale 2025-12-18; as of 2026-01-02 Form D |
$44M 29.3% less on the Form D |
|
| The announcement says the total includes debt; a Form D records securities sold, so debt would not appear on it. | ||||
| Apex Technology, Inc. | $200M 2026-06-05 announcement |
$156.8M sold of $156.8M first sale 2026-04-10; as of 2026-07-22 Form D |
$43.2M 21.6% less on the Form D |
|
| Auterion Group Inc. | $130M 2025-09-23 announcement |
$87.7M sold of $107.8M first sale 2025-09-17; as of 2025-10-01 Form D |
$42.3M 32.6% less on the Form D |
|
| The announcement says $25 million of the total is debt; a Form D records securities sold, so debt would not appear on it. | ||||
| Celero Communications, Inc. | $140M 2025-11-17 announcement |
$100M sold of $100M first sale 2025-10-24; as of 2025-11-18 Form D |
$40M 28.6% less on the Form D |
|
| Mediar Therapeutics, Inc. | $76M 2026-01-07 announcement |
$37.8M sold of $75.7M first sale 2025-12-10; as of 2025-12-23 Form D |
$38.2M 50.2% less on the Form D |
|
| Contraline, Inc. | $92.5M 2026-06-02 announcement |
$55.8M sold of $115.9M first sale 2026-05-29; as of 2026-06-10 Form D |
$36.7M 39.7% less on the Form D |
|
| DG Matrix Inc. | $60M 2026-02-18 announcement |
$30M sold of $60M first sale 2026-02-18; as of 2026-03-04 Form D |
$30M 50.0% less on the Form D |
|
| Cloudsmith Inc. | $72M 2026-04-23 announcement |
$50M sold of $50M first sale 2026-04-14; as of 2026-05-18 Form D |
$22M 30.6% less on the Form D |
|
| Modal Labs, Inc. | $80M 2025-09-30 announcement |
$59.7M sold of $94.4M first sale 2025-07-31; as of 2025-10-29 Form D |
$20.3M 25.4% less on the Form D |
|
| Cagent Vascular, Inc. | $41M 2026-07-15 announcement |
$24.5M sold of $41M first sale 2026-05-18; as of 2026-06-05 Form D |
$16.5M 40.3% less on the Form D |
|
| Okami Medical, Inc. | $45M 2025-11-19 announcement |
$28.9M sold of $46.7M first sale 2025-11-18; as of 2025-12-01 Form D |
$16.1M 35.7% less on the Form D |
|
| Upway Technologies, Inc. | $60M 2025-11-06 announcement |
$44.8M sold of $60.3M first sale 2025-09-23; as of 2025-11-07 Form D |
$15.2M 25.4% less on the Form D |
|
| Ritten, Inc. | $35M 2025-12-11 announcement |
$25M sold of $25M first sale 2025-12-09; as of 2025-12-18 Form D |
$10M 28.6% less on the Form D |
|
38 rounds listed. Sorted by the largest difference first.
Filed more than announced
The Form D shows more sold than the announced amount, for example from closings after the announcement or securities the announcement left out.
| Company | Announced | Filed (Form D) | Difference | Fix |
|---|---|---|---|---|
| Semafor, Inc. | $30M 2026-01-07 announcement |
$63.6M sold of $63.6M first sale 2025-12-22; as of 2026-01-09 Form D |
$33.6M 112.0% more on the Form D |
|
| Blacksmith Software Inc. | $45M 2026-08-12 announcement |
$66.3M sold of $66.3M first sale 2026-08-13; as of 2026-08-19 Form D |
$21.3M 47.3% more on the Form D |
|
| AheadComputing, Inc. | $30M 2026-06-16 announcement |
$47.8M sold of $100M first sale 2026-06-05; as of 2026-06-16 Form D |
$17.8M 59.4% more on the Form D |
|
| Beacon Biosignals, Inc. | $86M 2025-11-13 announcement |
$103.3M sold of $103.3M first sale 2025-10-07; as of 2026-04-15 Form D |
$17.3M 20.1% more on the Form D |
|
| Portal Space Systems Inc. | $50M 2026-04-09 announcement |
$61.5M sold of $72.4M first sale 2026-03-11; as of 2026-03-26 Form D |
$11.5M 23.0% more on the Form D |
5 rounds listed.
Checked so far: 868 filings of $20 million or more since October 2025. 144 had an announcement we could read; 47 differ by 20% or more.
Also from SEC filings: Paid to insiders, rounds where the Form D says part of the money went to executives, directors or promoters.