New venture funds filed in January 2023
108 new venture funds and 356 SPVs filed their first Form D with the SEC in January 2023, with $8.86B in total target capital across the 79 funds that stated a size. The largest was Tiger Global Private Investment Partners XVI, L.P. (Tiger Global Private Investment Partners) at $2.06B; California led with 19 new funds; the most common sponsor sectors were B2B Software (19), AI & ML (16) and Media, Gaming & Creator (12).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 108
- New SPVs
- 356
- Target capital
- $8.86B
- across 79 funds with a stated size
- Median fund
- $31.3M
- offering size
- Largest fund
- $2.06B
- Tiger Global Private Investment Partners
- Sponsoring firms
- 96
- most in California
What was the largest venture fund filed in January 2023?
Tiger Global Private Investment Partners XVI, L.P., sponsored by Tiger Global Private Investment Partners (NY), with a $2.06B offering, first filed on Jan 12, 2023. The next largest was 8VC Fund V, L.P. (8VC) at $880M.
Which states had the most new venture funds in January 2023?
California (19), New York (15), Massachusetts (14), Washington (9) and Florida (8), counted by the sponsoring firm's home state. California's new funds target $1.7B in total.
What sectors do the firms behind January's new funds invest in?
B2B Software (19), AI & ML (16), Media, Gaming & Creator (12), Healthcare (10) and Biotech & Pharma (9) lead, by the sectors each sponsoring firm backs. 58 of the 108 funds come from firms with no sector on record yet.
How many SPVs were filed in January 2023?
356 new SPVs and other deal vehicles filed a first Form D in January 2023, against 108 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
Every new venture fund in January 2023
108 funds, largest first. Size is the total offering amount on the fund’s latest Form D; “—” means the filing gives no amount (often an indefinite offering).
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Tiger Global Private Investment Partners | Tiger Global Private Investment Partners XVI, L.P. | $2.06B | NY | SEC filing | |
| 8VC | 8VC Fund V, L.P. | $880M | TX | SEC filing | |
| Khosla Ventures | Khosla Ventures Opportunity II, L.P. | $651M | CA | SEC filing | |
| Tiger Global Private Investment Partners | Tiger Global Private Investment Partners XVI Feeder, L.P. | $623M | NY | SEC filing | |
| Khosla Ventures | Khosla Ventures Seed F, L.P. | $428M | CA | SEC filing | |
| M33 Growth | M33 Growth III L.P. | $340M | MA | SEC filing | |
| Fuel Venture Capital | Fuel Venture Capital Flagship Fund II 3(c)(7), LP | $300M | FL | SEC filing | |
| Khosla Ventures | Khosla Ventures VIII, L.P. | $232M | CA | SEC filing | |
| Mucker | Mucker Early III, L.P. | $225M | TX | SEC filing | |
| Fairway Venture Capital | Fairway Venture Capital Fund II, L.P. | $200M | IL | SEC filing | |
| Venture Guides | Venture Guides Entrepreneurs Fund I, L.P. | $150M | MA | SEC filing | |
| Osage | Osage Venture Partners VI, LP | $150M | PA | SEC filing | |
| OVP VI AFF | OVP VI AFF, LP | $150M | PA | SEC filing | |
| E14 | E14 Fund 3 Limited Partnership | $118M | MA | SEC filing | |
| UTA Investcorp Growth Capital | UTA Investcorp Growth Capital Fund 1 LP | $100M | NY | SEC filing | |
| Hyde Park Venture Partners | Hyde Park Venture Partners Fund IV, L.P. | $100M | IL | SEC filing | |
| Nanban CapitalX | Nanban CapitalX Lakshmi Fund LLC | $100M | TX | SEC filing | |
| MCJ | MCJ 2023, L.P. | $100M | MA | SEC filing | |
| Transpose | Transpose Platform India Fund II Feeder, L.P. | $100M | TX | SEC filing | |
| Transpose | Transpose Platform India Fund II, L.P. | $100M | TX | SEC filing | |
| Nanban CapitalX | Nanban CapitalX King Fund LLC | $100M | TX | SEC filing | |
| Orbit | Orbit Fund, L.P. | $100M | DE | SEC filing | |
| Orbit | Orbit Fund QP, L.P. | $100M | DE | SEC filing | |
| Firebolt Ventures | Firebolt Ventures Fund V, L.P. | $100M | CA | SEC filing | |
| Floating Point | Floating Point II, L.P. | $100M | MA | SEC filing | |
| GoAhead Ventures | GoAhead Ventures III, L.P. | $98.7M | CA | SEC filing | |
| Mirae Asset | Mirae Asset Project Mars Fund III, LP | $96M | NY | SEC filing | |
| Riviera Capital Partners | Riviera Capital Partners II, LP | $75M | NV | SEC filing | |
| Impellent Ventures | Impellent Ventures II, LP | $75M | NY | SEC filing | |
| General Inception | General Inception LLC | $63M | CA | SEC filing | |
| G20 Ventures | G20 Ventures IV, L.P. | $60M | MA | SEC filing | |
| Generation Food Rural Partners | Generation Food Rural Partners I, LP | $53.8M | NJ | SEC filing | |
| IDEA | IDEA Fund IV, LP | $50M | NC | SEC filing | |
| Ici | ICI Fund II, L.P. | $50M | CO | SEC filing | |
| Fluent Ventures | Fluent Ventures Fund I LP | $50M | CA | SEC filing | |
| Wonder Fund ND | Wonder Fund ND, L.P. | $45M | FL | SEC filing | |
| Gilgamesh | Gilgamesh Fintech Ventures II LP | $40M | NY | SEC filing | |
| LDV Capital | LDV Capital IV, L.P. | $40M | WY | SEC filing | |
| Apogee Health | Apogee Health, LP | $31.3M | MD | SEC filing | |
| Tamarack Global | Tamarack Global Opportunities I Fund, LP | $31.3M | CT | SEC filing | |
| PVP | PVP Fund IV-A, L.P. | $30M | NY | SEC filing | |
| W11 Genesis | W11 Genesis I QP, LP | $28M | TX | SEC filing | |
| Superorganism | Superorganism Fund I, L.P. | $25M | NY | SEC filing | |
| Amberstone | Amberstone FUND II, L.P. | $23.2M | CA | SEC filing | |
| Illuminate Ventures | Illuminate Ventures Spotlight Fund II, L.P. | $20M | CA | SEC filing | |
| Harbright | Harbright Ventures II, LP /NC | $20M | NC | SEC filing | |
| Veronorte Capital | Veronorte Capital Fund of Funds I LP | $19.6M | F8 | SEC filing | |
| Protagonist | Protagonist Equities Odyssey Fund I LP | $17.8M | FL | SEC filing | |
| Forum Ventures | Forum Ventures Seed Fund II, L.P. | $16.4M | NY | SEC filing | |
| Cohen Circle FinTech Ventures | Cohen Circle FinTech Ventures, L.P. | $15.6M | NY | SEC filing | |
| Bracket Capital | Bracket Capital Growth Partners IV, LP | $14M | CA | SEC filing | |
| Recursive Ventures | Recursive Ventures III, L.P. | $12.2M | WA | SEC filing | |
| Create Health Ventures | Create Health Ventures FUND I LP | $12M | TX | SEC filing | |
| Highbury | Highbury Holdings XII, LLC | $10.5M | WA | SEC filing | |
| Seedbrite Venture Partners | Seedbrite Venture Partners I LLC | $10M | NY | SEC filing | |
| MATR Ventures | MATR Ventures, L.P. | $10M | FL | SEC filing | |
| AIM-FactorFund | AIM-FactorFund-2021 LLC | $9.6M | AL | SEC filing | |
| Ravikant Capital | Ravikant Capital, LP - D1 | $8.52M | WA | SEC filing | |
| Rocana Venture Partners | Rocana Venture Partners III (US), LP | $7.1M | FL | SEC filing | |
| Acceleprise SF Venture Capital | Acceleprise SF Venture Capital Fund II, L.P. | $7.03M | NY | SEC filing | |
| GRCF2 LemonPerfect | GRCF2 LemonPerfect SPV4 LP | $6.47M | CA | SEC filing | |
| AiiM | AiiM Ocean Plus Fund II, LP | $6M | CA | SEC filing | |
| 776 | 776 Kryptos Fund I, L.P. | $5.5M | FL | SEC filing | |
| AfriGloCal Technology | AfriGloCal Technology Fund I, LP | $5M | MD | SEC filing | |
| Kamal Ravikant Capital | Kamal Ravikant Capital, LP - C2 | $4.82M | WA | SEC filing | |
| Forum Ventures | Forum Ventures Firstbase Series B, LLC | $4.54M | NY | SEC filing | |
| GCP Captivate Secondary | GCP Captivate Secondary LP | $4.05M | CT | SEC filing | |
| Callapina Capital | Callapina Capital Fund I, LP | $4M | PA | SEC filing | |
| FactorFund-Note | FactorFund-Note-2022 LLC | $4M | AL | SEC filing | |
| Sound Media Ventures | Sound Media Ventures Fund I, L.P. | $3.88M | GA | SEC filing | |
| OpenSky Ventures | OpenSky Ventures Fund I, LP | $3.75M | CA | SEC filing | |
| Jibe Ventures | Jibe Ventures, LP - C1 | $3.65M | WA | SEC filing | |
| Carya Venture Partners | Carya Venture Partners, LP - A3 | $3.56M | WA | SEC filing | |
| Alter VC | Alter VC Fund, LP - B2 | $3.44M | WA | SEC filing | |
| BV Partners | BV Partners Opportunity Fund, L.L.C. | $3.4M | CO | SEC filing | |
| Cortado | Cortado Ventures Fund II-A, LP | $3.27M | OK | SEC filing | |
| Davidovs Venture Capital | Davidovs Venture Capital, LP - B2 | $3.16M | WA | SEC filing | |
| Angel Acceleration | Angel Acceleration Master Fund, LP - A1 | $3.04M | WA | SEC filing | |
| DV Crypto VC | DV Crypto VC Fund I, LP | $3M | IL | SEC filing | |
| Blockchange | Blockchange Ventures III, L.P. (Series 5) | — | FL | SEC filing | |
| Canaan | Canaan XIII L.P. | — | CT | SEC filing | |
| Lytical Ventures CI | Lytical Ventures CI II Parallel, LP | — | NY | SEC filing | |
| DigiTx Partners | DigiTx Partners III, L.P. | — | CA | SEC filing | |
| Connexa Capital | Connexa Capital Fund I, LP | — | FL | SEC filing | |
| RTW | RTW Co-Investment Series, LLC - Ji Xing Pharmaceuticals Series | — | NY | SEC filing | |
| AV Bleecker Street Ventures | AV Bleecker Street Ventures Fund 1, LLC | — | NH | SEC filing | |
| AV Bleecker Street Ventures Fund 1Q | AV Bleecker Street Ventures Fund 1Q, LLC | — | MA | SEC filing | |
| AV The Fence Ventures | AV The Fence Ventures Fund 1, LLC | — | NH | SEC filing | |
| AV The Fence Ventures Fund 1Q | AV The Fence Ventures Fund 1Q, LLC | — | MA | SEC filing | |
| AV Two Lakes Ventures | AV Two Lakes Ventures Fund 1, LLC | — | MA | SEC filing | |
| AV Two Lakes Ventures Fund 1Q | AV Two Lakes Ventures Fund 1Q, LLC | — | MA | SEC filing | |
| Bascom Ventures | Bascom Ventures Fund 6, LLC | — | NH | SEC filing | |
| Bascom Ventures | Bascom Ventures Fund 6Q, LLC | — | NH | SEC filing | |
| BOB Remeika | BOB Remeika FUND IV, LP | — | CA | SEC filing | |
| Lakeshore Ventures | Lakeshore Ventures Fund 3, LLC | — | MA | SEC filing | |
| Lakeshore Ventures | Lakeshore Ventures Fund 3Q, LLC | — | MA | SEC filing | |
| Ring Ventures | Ring Ventures Fund 3, LLC | — | MA | SEC filing | |
| Ring Ventures | Ring Ventures Fund 3Q, LLC | — | MA | SEC filing | |
| Vladimir Blumen | Vladimir Blumen FUND IV, LP | — | CA | SEC filing | |
| Waterman Ventures | Waterman Ventures Fund 4, LLC | — | NH | SEC filing | |
| Waterman Ventures | Waterman Ventures Fund 4Q, LLC | — | NH | SEC filing | |
| Yard Ventures | Yard Ventures Fund 8, LLC | — | NH | SEC filing | |
| Yard Ventures | Yard Ventures Fund 8Q, LLC | — | NH | SEC filing | |
| Summit Works | Summit Works Fund I, LP | — | CT | SEC filing | |
| SOSV | SOSV Indiebio Genesis Consortium II, L.P. | — | NJ | SEC filing | |
| VHM | VHM II, L.P. | — | CA | SEC filing | |
| Radicle | Radicle II, LP | — | CA | SEC filing | |
| Allegisnl Capital | Allegisnl Capital II, LP | — | CA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 19 | 26 | $1.7B |
| New York | 15 | 14 | $3.11B |
| Massachusetts | 14 | 2 | $868M |
| Washington | 9 | 249 | $52.9M |
| Florida | 8 | 6 | $385M |
| New Hampshire | 8 | 4 | — |
| Texas | 8 | 4 | $1.55B |
| Connecticut | 4 | 0 | $35.3M |
| Illinois | 3 | 0 | $303M |
| Pennsylvania | 3 | 0 | $304M |
| Delaware | 2 | 15 | $200M |
| Alabama | 2 | 13 | $13.6M |
| New Jersey | 2 | 1 | $53.8M |
| Colorado | 2 | 0 | $53.4M |
| Maryland | 2 | 0 | $36.3M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 58 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| B2B Software | 19 | 19 | $1.33B |
| AI & ML | 16 | 55 | $2.58B |
| Media, Gaming & Creator | 12 | 12 | $3.63B |
| Healthcare | 10 | 24 | $1.89B |
| Biotech & Pharma | 9 | 20 | $624M |
| Climate & Energy | 8 | 30 | $1.85B |
| Cybersecurity | 5 | 10 | $528M |
| Deep Tech | 5 | 6 | $346M |
| Consumer | 4 | 10 | $318M |
| Crypto & Web3 | 4 | 9 | $203M |
| Mobility & Logistics | 3 | 89 | $137M |
| Fintech | 3 | 6 | $156M |
| Space | 3 | 5 | $231M |
| Developer Tools | 3 | 4 | $250M |
| Hardware & Robotics | 3 | 4 | $168M |
New SPVs and deal vehicles in January 2023
The 50 largest of 356; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Eclipse | Eclipse SPV XIV, L.P. | $20M | CA | SEC filing | |
| G2VP | G2VP Opportunity Fund I Co-Invest, LP | $15M | CA | SEC filing | |
| Ascenta Capital | Ascenta Capital SPV I, L.P. | $15M | DE | SEC filing | |
| Aal VC | Fund I, a series of AAL VC, LP | $10M | WA | SEC filing | |
| BHC PF | BHC PF Co-Invest, LLC | $8.53M | VA | SEC filing | |
| Prota Calital SP | Prota Fund II LLC a Series of Prota Calital SP LLC | $7.5M | DE | SEC filing | |
| The Fintech | Fund II a Series of the Fintech Fund LLC | $6.56M | DE | SEC filing | |
| The Pitch | Fund I, a series of The Pitch Access Fund, LP | $6.39M | WA | SEC filing | |
| Channel Equity | CEP SPV II a Series of Channel Equity LLC | $5.61M | CA | SEC filing | |
| Regeneration.VC | Regeneration.VC SPV I, LLC | $5.38M | CA | SEC filing | |
| Balam Capital | Balam And1 a Series of Balam Capital LLC | $5.27M | DE | SEC filing | |
| 9Yards | 9Yards Opportunities LLC - Series 34 | $5.08M | NY | SEC filing | |
| Boutique Venture Partners | Boutique Venture Partners SPV Precision Health Fund, L.P. | $5M | CA | SEC filing | |
| Warren Point | Palette Life Sciences Nov 2022 a Series of Warren Point Funds LLC | $4.01M | DE | SEC filing | |
| Sonder | Sonder SPV II A, LLC | $4M | CA | SEC filing | |
| Moth | MF I, a Series of Moth Fund, LP | $3.85M | CA | SEC filing | |
| AVSF | AVSF - Axiom Space 2022, LLC | $3.63M | NH | SEC filing | |
| Tenacity | Branch Metrics Nov 2022-1 a Series of Tenacity SPV LLC | $3.01M | DE | SEC filing | |
| Bow Tie Angels | Bow Tie Angels - A, L.P. | $2.8M | CA | SEC filing | |
| New Normal | The New Normal Fund, LP - C2 | $2.71M | WA | SEC filing | |
| SHL Capital | SHL Capital, LP - C3 | $2.63M | WA | SEC filing | |
| Pioneer | Pioneer Opportunity Fund, LP - B1 | $2.55M | WA | SEC filing | |
| EFC 8015 Deal | EFC 8015 Deal LLC | $2.55M | TX | SEC filing | |
| Peer VC | Peer VC, LP - B4 | $2.39M | WA | SEC filing | |
| NS Growth | NS Growth Investors V, L.P. | $2.32M | NY | SEC filing | |
| AVSF | AVSF - Precision Neuroscience 2022, LLC | $2.3M | NH | SEC filing | |
| FootPrint Coalition | FootPrint Coalition Ventures Late Stage Fund, LP - C1 | $2.18M | WA | SEC filing | |
| LeFonds by FrenchFounders | LeFonds by FrenchFounders, LP - B4 | $2.15M | WA | SEC filing | |
| Unicorn Growth | Unicorn Growth Fund I, L.P. | $2.13M | NY | SEC filing | |
| Tiny | Tiny Rolling Fund, LP - B4 | $2.11M | WA | SEC filing | |
| Wireframe Ventures | Wireframe Ventures 2022-E, LLC | $2.11M | CA | SEC filing | |
| Coelius Capital | Coelius Capital Rolling Fund, LP - C2 | $2.07M | WA | SEC filing | |
| Fuel Venture Capital | Esquire Series, LLC an Individual & Protected Series of Fuel Venture Capital Fund Co-Invest Series, LLC a Series LLC | $2.02M | FL | SEC filing | |
| OWC Blockchain Scout | OWC Blockchain Scout Fund LP | $2M | WA | SEC filing | |
| TR61 | TR61 Fund I, a series of Roll Up Vehicles, LP | $2M | WA | SEC filing | |
| Franklin Talos II FT | Franklin Talos II FT Co-Invest, L.P. | $1.98M | NY | SEC filing | |
| 6529 NFT Fund AI | 6529 NFT Fund AI, LP - B1 | $1.96M | WA | SEC filing | |
| Dangerous Ventures | Dangerous Ventures Fund I, LP | $1.92M | NM | SEC filing | |
| Rauch Capital | Rauch Capital III, LP - C2 | $1.91M | WA | SEC filing | |
| Unpopular | Unpopular Ventures Preferred, LP - C1 | $1.88M | WA | SEC filing | |
| CCV-Redeam | CCV-Redeam-2022 LLC | $1.83M | AL | SEC filing | |
| CCV-Censys | CCV-Censys-2022 LLC | $1.74M | AL | SEC filing | |
| TSG Ventures | TSG Ventures XXII, LLC | $1.73M | CA | SEC filing | |
| Jude Gomila | Jude Gomila, LP - C3 | $1.7M | WA | SEC filing | |
| Fuel Venture Capital | Series H-2, LLC an Individual Protected Series of Fuel Venture Capital Fund Co-Invest Series, LLC a Series LLC | $1.7M | FL | SEC filing | |
| Golden Wok | Golden Wok Opportunity Fund I a Series of CGF2021 LLC | $1.69M | DE | SEC filing | |
| 10X Capital / Gaingels Diversity | 10X Capital / Gaingels Diversity Fund, LP - B2 | $1.69M | WA | SEC filing | |
| HIP | HIP Fund I, LP | $1.67M | CA | SEC filing | |
| MarketX Ventures | MarketX SpaceX Fund V, a Series of MarketX Ventures LLC | $1.65M | FL | SEC filing | |
| Fuel Venture Capital | Pinnacle Qualderm Series, LLC an Individual & Protected Series of Fuel Venture Capital Co-Invest Series, LLC | $1.65M | FL | SEC filing |
How we count
A new fund is a pooled investment vehicle that a US issuer marked “Venture Capital Fund” on SEC Form D, whose first original Form D notice (amendments don’t count) is dated in January 2023. Each one is attributed to the firm that sponsors it. A fund is counted once, in the month it first filed, however many amendments follow. Parallel and feeder vehicles that file separately are counted separately.
SPVs are single-deal, co-investment, sidecar and syndicate vehicles, series of a master fund, and offerings under $3M; they are counted apart from funds. Target capital is the sum of the total offering amounts on each fund’s latest Form D, for funds that state one; it is what the fund is raising, not what has closed. State and sector come from the sponsoring firm’s profile.
Form D filings can arrive late, so recent months can grow after a data rebuild. Months are published once they have at least 10 new funds. The data covers the last 15 quarters of the SEC’s Form D data sets. Full sources and field definitions are in the methodology.