Visualization

Exempt Offerings Statistics

Feb. 4, 2025

These data highlights visualize data reported in Market Statistics of Exempt Offerings under Regulations A, D, and Crowdfunding Form 1-A, D, C and C-U Data, a periodic report produced by the Division of Economic Risk Analysis. Please see the latest PDF report for additional information on the underlying data sources, methodologies, and key definitions.

These statistics are based on information reported on the Commission’s Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”) system. This reported information includes filings (new filings and amendments) on Forms 1-A, D, C and C-U. Data derived from those forms and used to produce these statistics is available at SEC and Markets Data.

EO Statistics at a Glance

55,162
Exempt Offering Filings in 2024

-4.5%
Year-over-Year Change (2023–2024)

This visualization provides market statistics on the number of exempt offerings by type of offering for each calendar year for the period beginning in 2009 through 2024. Data on Regulation D offerings was collected from all Form D filings (new filings and amendments) on EDGAR. The data could underestimate the true number of offerings because it is possible that some issuers did not file a Form D as required. Regulation A was expanded in 2015 and Regulation CF was introduced in 2016. For offerings under Regulation A, except where specified otherwise, the number of offerings shown in the visualization are based on offerings qualified during the report period, excluding post qualification amendments. For offerings under Regulation CF, except where specified otherwise, the number of offerings shown in this visualization are based on offerings completed during the report period as shown on progress updates on Form C-U. Offerings for which Form C-U is missing the amount of proceed are treated as incomplete, and consequently excluded from the count, because we cannot verify that such offerings have closed having reached the minimum target amount.



$2.1 Trillion (USD)
Capital Raised in 2024

-28.0%
Year-over-Year Change (2023–2024)

This visualization provides market statistics on the amount of capital raised by type of exempt offering for each calendar year for the period beginning in 2009 through 2024. Data on Regulation D offerings was collected from all Form D filings (new filings and amendments) on EDGAR. The data could underestimate the true number of offerings because it is possible that some issuers did not file a Form D as required. Regulation A was expanded in 2015 and Regulation CF was introduced in 2016. For offerings under Regulation A, capital raised is based on information reported by companies on Forms 1-Z, 1-K, 1-SA, 1-U, and offering circular supplements pertaining to completed and ongoing Regulation A offerings and post-qualification amendments. For offerings under Regulation CF, except where specified otherwise, the amounts raised as shown in the visualization are based on proceeds reported in progress updates filed on Form C-U during the report period. These amounts represent a lower bound on the amounts raised given the timeframes for reporting proceeds following completed or terminated offerings and that offerings qualified during the report period may be ongoing.



EO Statistics

Last Reviewed or Updated: May 5, 2025