SEC Form D filings, explained

Form D is a short notice a company files with the U.S. Securities and Exchange Commission when it sells securities in a private offering that is exempt from full registration, usually under Regulation D. It is filed on the SEC's EDGAR system and is a matter of public record. Most private US companies that raise money from investors file one.

Not necessarily. A Form D reports an offering: the company has told the SEC it is selling securities up to a stated target. The filing shows the offering target and, separately, the amount sold to date. An offering can be open with little or nothing sold yet, so a Form D is a signal that a company is raising, not proof of a closed round.

The public fields include the issuer's name and principal-office city and state, the offering's total target amount, the amount sold to date, the date of first sale, the types of securities, and the names and titles of the company's executive officers, directors, and promoters (Item 3). It does not include a business description, a website, investor names, or valuation.

Companies are generally required to file Form D within 15 days of the first sale of securities in the offering, and the filing appears on EDGAR the same day it is accepted. That timing is what makes Form D an early signal: it often surfaces before any funding press release, and many raises never get a press release at all.

A funding announcement is a company's own marketing, published when and if the company chooses. A Form D is a required legal filing on a fixed clock. Because the two are independent, a Form D can appear days or months before an announcement, or with no announcement ever.

A filer submits an amended Form D (a D/A) to update an earlier notice, for example to restate the amount sold as an open offering progresses. The amendment carries the same offering forward, so the latest amendment holds the current stated figures.

Every row on Takeoff Radar comes from a single source: SEC EDGAR, the U.S. Securities and Exchange Commission's public filing system. When a company raises money in a private round under Regulation D, federal law requires it to file a Form D within 15 days of the first sale. That filing names the company, its city and state, the amount it set out to raise, and the date. It's a signed federal filing, not a press release.

Takeoff Radar pulls every new Form D from EDGAR nightly, and every row on the feed links to its actual filing. Click through and read the source document yourself.

A ✓check mark beside a sector label, description, or website means it was web-verified: checked against the company's own site. A label without the mark was classified from the filing's own fields, machine-inferred and honestly unconfirmed. Label pending means the filing is fresh and the nightly labeling pass hasn't reached it yet; unknown means the filing's fields genuinely don't identify a sector, and we say so rather than guess. n/a appears on a raise filed through a special-purpose vehicle (marked Via SPV): the filing describes the investment vehicle rather than the company's business, so no sector label applies. Undisclosed means the filer declared an indefinite offering amount; we show that honestly instead of inventing a number. Amounts are stated offering targets from the filing, not confirmed closes.

Takeoff Radar shows the private raises that file a Form D: on the feed within a day of EDGAR, often ahead of any coverage, sometimes months ahead, and sometimes the only public record there will ever be. It does not see every raise. Not all companies file a Form D, and plenty raise without ever announcing anything. The 15-day filing rule is real but lightly policed, and some issuers rely on other exemptions, so no funding database sees everything, this one included. Most private raises never make the news, and a Form D is often the first and only public trace.

Each row is one new SEC private-offering filing, newest first. You can filter by state, sector, and offering-target amount, and open any row to see the filing's fields and a direct link to the source Form D on EDGAR. Every figure shown is the filer's own as-filed statement.

Filed dates are the SEC filing dates. The feed shows one row per offering; amendments update their original filing rather than appearing as new raises. The default Suggested view screens to US operating companies whose filing reports first money in within three weeks of the filing date; everything else stays one toggle away under All discoveries, labeled with its reason.