Rankings · Q1 2025 · Other Technology

The fundraisers who placed the most.

Broker-dealers ranked by the operating-company rounds they were paid to place in other technology, as filed with the SEC on Form D. Funds, real estate and insurance products are left out.

‹Q1 2025›an earlier quarter
Exemplar Capital3 rounds · $12M2Boustead Securities4 rounds · $2.6M1H.C. Wainwright & Co.3 rounds · $12M2
31company rounds placed by a broker-dealer
72%of the 43 company Form Ds filed in this industry
$379Msold in those rounds
6.2%median fee, as a share of the money raised
#FirmRounds placedSoldMedian feeLast 8 quarters
1▲ 5Boustead SecuritiesMostly other technology4$2.6M18.8%2NewExemplar CapitalMostly other technology3$12M4.4%2▲ 4H.C. Wainwright & Co.Mostly other technology3$12M8.2%4NewEmerson EquityMostly other technology2$92M12.5%4NewTPEG SecuritiesMostly other technology2$3.4M7%6NewPiper Sandler & Co.Mostly other technology1$72M13%6NewAllen & CompanyMostly other technology1$49M2.8%6=J.P. Morgan SecuritiesMostly other technology1$45M3.5%6▼ 3Craig-Hallum Capital GroupMostly other technology1$40M6.4%6NewIntrepid PartnersMostly other technology1$22M-6▼ 5A.G.P./Alliance Global PartnersMostly other technology1$9.8M7.8%6NewAGC PartnersMostly other technology1$7.5M1.2%6NewAmerican Capital PartnersMostly other technology1$4.4M2.1%6NewArcadia SecuritiesMostly other technology1$4.4M2.1%6NewKJM SecuritiesMostly other technology1$3.1M5%6NewThe Benchmark CompanyMostly other technology1$2.2M4.4%6=Wellesley Hill SecuritiesMostly other technology1$600k-6NewFolla CapitalMostly other technology1$255k6%6NewPalladium Capital GroupMostly other technology1$250k-6=Opendeal BrokerMostly other technology1$237k5.1%6=NextSeed SecuritiesMostly other technology1$237k5.1%6NewCarofinMostly other technology1$146k-6NewCarolina Financial SecurititesMostly other technology1$146k-6NewDealMaker SecuritiesMostly other technology1$137k49.3%6NewGreenwood and CavalierMostly other technology1$125k2%

Since Q4 2024

Who moved

17 of this quarter's top 25 placed no company round at all the quarter before.

24Q2 2323Q3 2324Q4 2324Q1 2432Q2 2427Q3 2424Q4 2431Q1 25
#6#1▲ 5 placesBoustead Securities4 rounds this quarter, 1 the quarter before#6#2▲ 4 placesH.C. Wainwright & Co.3 rounds this quarter, 1 the quarter before#2New in the tableExemplar Capital3 rounds this quarter, none the quarter before#4New in the tableEmerson Equity2 rounds this quarter, none the quarter before

What it costs

Half of fundraisers take 3.5% to 8%

The sales commission filed on each Form D, as a share of the money sold, across 642 placements in the four quarters to Q1 2025. Half fall between 3.5% and 8%; the middle one is 6%. Finder's fees and warrants are not in the figure, so the real cost is often higher.

median 6%
0%1%2%3%4%5%6%7%8%10%+

Filed in Q1 2025

The quarter's placements, as they were filed

  • 26 MarBoustead SecuritiesReticulate Micro, Inc.Other Technology$500k
  • 25 MarFolla CapitalOplign, LLCOther Technology$255k
  • 21 MarCraig-Hallum Capital GroupSpire Global, Inc.Other Technology$40M
  • 20 MarJ.P. Morgan SecuritiesBancar Technologies LtdOther Technology$45M
  • 19 MarPiper Sandler & Co.4C Medical Technologies, Inc.Other Technology$72M
  • 13 MarThe Benchmark CompanyEvolon Technology, Inc.Other Technology$2.2M
  • 11 MarExemplar CapitalHeat Safety Solutions, LLC Series 4Other Technology$5.0M
  • 11 MarExemplar CapitalHeat Safety Solutions, LLC Series 5Other Technology$2.4M
  • 7 MarExemplar CapitalHeat Safety Solutions, LLC Series 3Other Technology$5.0M
  • 6 MarBoustead SecuritiesReticulate Micro, Inc.Other Technology$800k
  • 6 MarBoustead SecuritiesReticulate Micro, Inc.Other Technology$800k
  • 6 MarDealMaker SecuritiesMiso Robotics, Inc.Other Technology$137k
  • 3 MarTPEG SecuritiesTrinity Nuclein Series C QP Investors LLCOther Technology$1.0M
  • 3 MarBoustead SecuritiesReticulate Micro, Inc.Other Technology$500k
  • 28 FebTPEG SecuritiesTrinity Nuclein Series C Investors LLCOther Technology$2.3M
  • 26 FebIntrepid PartnersAndium Inc.Other Technology$22M

Looking for someone to place your round?

Every fundraiser we have seen place a company round, with their deals, fees and the industries they work in.

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How the table is made

Where do the numbers come from?

From the SEC's Form D data sets. A company raising privately files a Form D, and when a broker-dealer is paid to sell the round, the filing names it with its commission. We count each new filing once per firm named on it, and leave out amendments, funds and real estate. Insurance and investing filings are left out too: they are an insurer's policy accounts and investment vehicles, sold through dozens of firms at once, not companies raising a round.

Why is the latest quarter a quarter behind?

The SEC publishes the data sets quarterly, after the quarter closes. A quarter only appears here once its filings are in.

Can a firm change its place?

No. The table is computed from filings alone. A firm can claim its page and add to it, but cannot change what it placed.

What is the badge?

Firms in the overall top 10, or the top 3 of an industry, can show their standing on their own site with a badge from their page. It updates when the next quarter arrives.

What does it leave out?

Rounds where nobody was paid to sell, which is most venture rounds, and placements a firm makes without filing. A low rank is not a verdict on a firm; it is what the filings show.