Private placements (Form D) › About this data
Private placements (Form D)
A company or fund that sells shares or other securities privately, without registering them with the SEC, files a short notice called Form D, usually within 15 days of the first sale. It names the issuer, the industry, how much it is trying to raise, how much it has sold so far, how many investors have put money in, and the officers, directors and promoters. Most are funds raising money from wealthy investors. Startups raising a funding round and listed companies raising money privately file them too.
- Where it comes from
Form D notices that issuers send to the SEC when they sell securities without registering them. For older years we use the quarterly Form D data sets the SEC publishes; new notices come from EDGAR.
Who reports it: The issuer, or its law firm. The SEC does not review or approve the offering.
Official sources
- How often we update it
- Every night
- Last updated
- (15 hours ago)
- Coverage
- Notices since January 2015.
- Worth knowing
- A Form D is a notice, not an approval: the SEC does not check the figures, and they are what the issuer typed. Total sold is the amount so far at the time of the filing, and an amendment replaces the figure of the filing before it, so the amounts of one offering must not be added up. Some issuers write Indefinite for the size of the offering. About two thirds of filings come from pooled investment funds (hedge, private equity and venture funds), which are hidden here unless you ask, so that the page starts with companies. The form says how many investors there are, not who they are, and the people named are listed as filed. A listed company's Form D can be for a subsidiary or a fund it manages.
See the Private placements (Form D) page · Use this data in your AI or app (how connecting works) · Information, not investment advice (disclaimer).