New venture funds filed in June 2023
101 new venture funds and 345 SPVs filed their first Form D with the SEC in June 2023, with $7.99B in total target capital across the 82 funds that stated a size. The largest were Altimeter Venture Partners Fund VII, L.P. (Altimeter Venture Partners) and Unicorn FUND Venture Capital III LLC (Unicorn Fund Venture Capital), at $750M each; California led with 38 new funds; the most common sponsor sectors were AI & ML (21), Healthcare (14) and B2B Software (11). New fund filings were up 12% from May 2023 (90).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 101
- 90 in May
- New SPVs
- 345
- 327 in May
- Target capital
- $7.99B
- across 82 funds with a stated size
- Median fund
- $30.9M
- offering size
- Largest fund
- $750M
- 2 tied
- Sponsoring firms
- 93
- most in California
What was the largest venture fund filed in June 2023?
Altimeter Venture Partners Fund VII, L.P. (Altimeter Venture Partners) and Unicorn FUND Venture Capital III LLC (Unicorn Fund Venture Capital) tied at $750M each.
Which states had the most new venture funds in June 2023?
California (38), New York (9), Massachusetts (9), Texas (7) and Washington (5), counted by the sponsoring firm's home state. California's new funds target $3.44B in total.
What sectors do the firms behind June's new funds invest in?
AI & ML (21), Healthcare (14), B2B Software (11), Fintech (10) and Biotech & Pharma (8) lead, by the sectors each sponsoring firm backs. 41 of the 101 funds come from firms with no sector on record yet.
How many SPVs were filed in June 2023?
345 new SPVs and other deal vehicles filed a first Form D in June 2023, against 101 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does June 2023 compare with May 2023?
101 new funds against 90 (+12%), 345 SPVs against 327, and $7.99B of target capital against $6.7B.
Every new venture fund in June 2023
101 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 |
|---|---|---|---|---|---|
| Altimeter Venture Partners | Altimeter Venture Partners Fund VII, L.P. | $750M | MA | SEC filing | |
| Unicorn Fund Venture Capital | Unicorn FUND Venture Capital III LLC | $750M | HI | SEC filing | |
| Bicycle | Bicycle I, L.P. | $500M | FL | SEC filing | |
| Westlake BioPartners | Westlake BioPartners Fund III, L.P. | $450M | CA | SEC filing | |
| LCV | LCV FUND III, L.P. | $417M | NY | SEC filing | |
| M13 So | M13 Ventures IV, L.P. | $400M | CA | SEC filing | |
| Engine | Engine Fund III, L.P. | $398M | MA | SEC filing | |
| PruVen Capital Partners | PruVen Capital Partners Fund II, LP | $371M | CA | SEC filing | |
| A-Star | A-Star Capital Fund II, LP | $300M | CA | SEC filing | |
| Logos | Logos Opportunities Fund IV LP | $284M | CA | SEC filing | |
| Unicorn Fund Venture Capital | Unicorn Fund Venture Capital IV LLC | $250M | HI | SEC filing | |
| Sonder | Sonder Futures II, L.P. | $225M | CA | SEC filing | |
| Neo | Neo 3.0, L.P. | $179M | CA | SEC filing | |
| Adams Street Growth Equity | Adams Street Growth Equity Fund VIII LP | $167M | IL | SEC filing | |
| Techstars Accelerator | Techstars Accelerator 2024, L.P. | $150M | CO | SEC filing | |
| Pelion | Pelion Olympus Fund I, L.P. | $100M | UT | SEC filing | |
| Superset Capital | Superset Capital II, L.P. | $100M | CA | SEC filing | |
| SaaS Ventures | SAAS Growth Opportunities FUND LP | $100M | FL | SEC filing | |
| Foothill Ventures | Foothill Ventures III LP | $100M | CA | SEC filing | |
| Offline Ventures | Offline Ventures II, L.P. | $100M | CA | SEC filing | |
| Unicorn Fund Venture Capital | Unicorn Fund Venture Capital V LLC | $100M | HI | SEC filing | |
| King River Investments | King River Investments Fund 3, L.P. | $100M | CO | SEC filing | |
| Moxxie Ventures | Moxxie Ventures III, L.P. | $85M | CO | SEC filing | |
| Liquid | Liquid 2 Ventures Fund IV, L.P. | $81.5M | CA | SEC filing | |
| C10 Labs | C10 Labs, L.P. | $77.9M | MA | SEC filing | |
| Fifty Years | Fifty Years Deep, LP | $77.7M | CA | SEC filing | |
| Plug & Play | Plug & Play Financial Services Fund I, L.P. | $75M | CA | SEC filing | |
| Haystack Ventures | Haystack Ventures VII, L.P. | $75M | CA | SEC filing | |
| Neo | Neo 3.0 Opportunities, L.P. | $70M | CA | SEC filing | |
| South Park Commons | South Park Commons Fund III, L.P. | $62.1M | CA | SEC filing | |
| KDX | KDX Fund I, L.P. | $60M | CA | SEC filing | |
| KCV | KCV Fund I, LP | $50M | MA | SEC filing | |
| MW LSVC Redwood | MW LSVC Redwood, LLC | $50M | CA | SEC filing | |
| Axios Fund LP/DE | Axios Fund LP/DE | $50M | VA | SEC filing | |
| Iolar Ventures | Iolar Ventures Fund I, L.P. | $50M | CA | SEC filing | |
| Morado Venture Partners | Morado Venture Partners IV, L.P. | $50M | CA | SEC filing | |
| Features Capital | Features Capital Fund, LP | $50M | VT | SEC filing | |
| Blockchain Coinvestors | Blockchain Coinvestors Fund III, LP | $45.5M | CA | SEC filing | |
| Family Generation | Family Generation I, L.P. | $40M | FL | SEC filing | |
| FPG Huge Tree | FPG Huge Tree, LLC | $33.3M | IL | SEC filing | |
| Seifdune | Seifdune Semiconductors I, LP | $31.8M | CA | SEC filing | |
| Side Door | Side Door Ventures III, LP | $30M | FL | SEC filing | |
| Soul Venture Partners | Soul Venture Partners Fund I, L.P. | $30M | TX | SEC filing | |
| Ritual Capital | Ritual Capital I, L.P. | $30M | CA | SEC filing | |
| Istari Ventures | Istari Ventures Fund I LP | $30M | NY | SEC filing | |
| Novirian Palomar | Novirian Palomar III, L.P. | $30M | CA | SEC filing | |
| Essence VC | Essence VC III, LP | $29.4M | WA | SEC filing | |
| Night Capital | Night Capital Fund III, LP | $25M | CA | SEC filing | |
| MDSV | MDSV Fund LP | $25M | CA | SEC filing | |
| Scale | Scale-Up Unicorn Fund II, L.P. | $25M | CA | SEC filing | |
| Carnrite Ventures | Carnrite Ventures Fund II, L.P. | $25M | TX | SEC filing | |
| Roar Ventures | Roar Ventures I, L.P. | $25M | CA | SEC filing | |
| Argon Ventures | Argon Ventures II, L.P. | $20M | MA | SEC filing | |
| Step Function Ventures | Step Function Ventures Fund I LP | $20M | MA | SEC filing | |
| Jefferies Partners VC | Jefferies Partners VC Fund 2023 LP | $17.3M | NY | SEC filing | |
| BVVC | BVVC Fund I, LP | $16.5M | IL | SEC filing | |
| Harris Yugen Venture | Harris Yugen Venture Fund LLC | $15M | UT | SEC filing | |
| Codon Innovation | Codon Innovation Fund I, LP | $15M | CA | SEC filing | |
| Washington Harbour | Washington Harbour Metaverse XIV LLC | $14.4M | VA | SEC filing | |
| Oakley Touring Venture | Oakley Touring Venture B1 SCSp | $13M | N4 | SEC filing | |
| Mirae Asset | Mirae Asset Project Mars Fund IV, LP | $10.3M | NY | SEC filing | |
| Ai Sprouts | Ai Sprouts Fund II, LP | $10M | WA | SEC filing | |
| Uncharted Future | Uncharted Future Fund I, LP | $10M | MD | SEC filing | |
| Verdant Fintech | Verdant Fintech Fund, L.P. | $10M | TX | SEC filing | |
| Vujade Ventures Agtech Alpha | Vujade Ventures Agtech Alpha 1 Fund, LP | $10M | NJ | SEC filing | |
| SWD Renibus Final | SWD Renibus Final B LLC | $8.8M | TX | SEC filing | |
| BVC Digital | BVC Digital Opportunities I, LP | $8.35M | DE | SEC filing | |
| Ravikant Capital | Ravikant Capital QP, LP - D2 | $8.28M | WA | SEC filing | |
| M13 So | M13 So VIII LLC | $8.04M | CA | SEC filing | |
| R&R Rapid Silicon | R&R Rapid Silicon Holdings LLC | $7M | MA | SEC filing | |
| Blockchain Coinvestors | Blockchain Coinvestors Fund III Parallel, LP | $6.48M | CA | SEC filing | |
| TREN | TREN 4 LLC | $6.32M | TX | SEC filing | |
| Series Greenlight 3, a Separate Series of BlueIO Growth | Series Greenlight 3, a Separate Series of BlueIO Growth LLC | $6.08M | MA | SEC filing | |
| AnagramART | AnagramART, LP | $5M | DE | SEC filing | |
| Needle | Needle 2023-1, LLC | $5M | CA | SEC filing | |
| Venrex | Venrex QL Limited Partnership | $4.57M | X0 | SEC filing | |
| Blockchain Coinvestors | Blockchain Coinvestors Mid Stage Growth Fund LP | $4.55M | CA | SEC filing | |
| Aki | Aki B LLC | $4.36M | TX | SEC filing | |
| SaxeCap | SaxeCap Advisors VIII, LP | $4.01M | WA | SEC filing | |
| CHV | CHV-LVL True Anomaly I, L.P. | $3.8M | MA | SEC filing | |
| Homebrew | Homebrew SL Fund, LLC | $3.7M | CA | SEC filing | |
| Features Capital | Features Capital SSBCI Fund, LP | $3.47M | VT | SEC filing | |
| Dynamo | Dynamo Fund III, LP | — | TN | SEC filing | |
| GPV Acquisition-R Company | GPV Acquisition-R Company, LLC | — | CA | SEC filing | |
| Yu Star | Yu Star Select I, LP | — | CA | SEC filing | |
| BH3 Growth Equity CCT | BH3 Growth Equity CCT LP | — | FL | SEC filing | |
| Vine | Vine Branded-B Opportunity LLC | — | NY | SEC filing | |
| Andrew Johnston | Andrew Johnston FUND IV, LP | — | CA | SEC filing | |
| RedBlue Ventures | RedBlue Ventures Fund I, LP | — | NY | SEC filing | |
| Collab | Collab Shared Future 2023, L.P. | — | GA | SEC filing | |
| Adjacent | Adjacent V3 LP | — | NY | SEC filing | |
| Gilgamesh | Gilgamesh Nexu Fintech I, LP | — | NY | SEC filing | |
| PTX Infinity | PTX Infinity LLC | — | MD | SEC filing | |
| Noro-Moseley Partners | Noro-Moseley Partners IX-B, L.P. | — | GA | SEC filing | |
| Colorado ONE | Colorado ONE Fund, LP | — | CO | SEC filing | |
| PACF Venture Capital | PACF Venture Capital LP | — | WA | SEC filing | |
| Humanrace Capital | Humanrace Capital Fund I, LP | — | CA | SEC filing | |
| VoLo Earth Ventures Impact | VoLo Earth Ventures Impact Fund II, L.P. | — | CO | SEC filing | |
| LCV | LCV Blockchain III, LLC | — | NY | SEC filing | |
| True Equity | True Equity II L.P. | — | ME | SEC filing | |
| SAS AirCare | SAS AirCare Holdings, L.P. | — | TX | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 38 | 21 | $3.44B |
| New York | 9 | 15 | $474M |
| Massachusetts | 9 | 1 | $1.33B |
| Texas | 7 | 5 | $84.5M |
| Washington | 5 | 187 | $51.7M |
| Colorado | 5 | 5 | $335M |
| Florida | 5 | 5 | $670M |
| Illinois | 3 | 1 | $217M |
| Hawaii | 3 | 0 | $1.1B |
| Delaware | 2 | 49 | $13.3M |
| Virginia | 2 | 2 | $64.4M |
| Maryland | 2 | 1 | $10M |
| Utah | 2 | 1 | $115M |
| Vermont | 2 | 1 | $53.5M |
| Georgia | 2 | 0 | — |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 41 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 21 | 92 | $1.72B |
| Healthcare | 14 | 19 | $828M |
| B2B Software | 11 | 26 | $720M |
| Fintech | 10 | 31 | $696M |
| Biotech & Pharma | 8 | 43 | $1.11B |
| Climate & Energy | 7 | 33 | $736M |
| Deep Tech | 6 | 10 | $237M |
| Crypto & Web3 | 6 | 7 | $503M |
| Mobility & Logistics | 5 | 123 | $33.4M |
| Consumer | 5 | 8 | $478M |
| Cybersecurity | 5 | 8 | $394M |
| Industrial & Manufacturing | 5 | 4 | $488M |
| Developer Tools | 5 | 0 | $155M |
| Space | 4 | 7 | $433M |
| E-commerce & Retail | 4 | 2 | $412M |
New SPVs and deal vehicles in June 2023
The 50 largest of 345; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Play Ventures Investments VCC | Play Ventures Investments VCC - Play Fund III | $120M | U0 | SEC filing | |
| Jefferies Partners VC | Jefferies Partners VC Fund 2023 (Dedicated) LP | $57M | NY | SEC filing | |
| Radical Ventures | Radical Ventures Fund II (International), L.P. | $26.8M | A6 | SEC filing | |
| Spring VC | Spring VC Fund I a Series of Spring VC Master LLC | $10M | DE | SEC filing | |
| Ascent Realty Partners | Ascent Mountain Partners - Phase 1, a series of Ascent Realty Partners I, LLC | $6.13M | TX | SEC filing | |
| 5G Open Innovation Lab | Khasm Fund I a Series of 5G Open Innovation Lab Master LLC | $5M | DE | SEC filing | |
| MVC | MVC Fund III, LLC - Series E Units | $4.35M | WI | SEC filing | |
| FXV | FXV Opportunity - 3DEO, LLC | $3.68M | CA | SEC filing | |
| Not Boring | VA-0517 Fund I, a series of Not Boring Ventures, LP | $3.11M | WA | SEC filing | |
| hi5 Ventures | Fund I, a series of hi5 Ventures, LP | $3M | WA | SEC filing | |
| Nu FR | Future of Healthcare Fund I a Series of NU FR LLC | $3M | DE | SEC filing | |
| AVSF | AVSF - Surge Therapeutics 2023, LLC | $2.93M | NH | SEC filing | |
| Radical Ventures | Radical Ventures Opportunity Fund I, L.P. | $2.75M | A6 | SEC filing | |
| Brother Freeday | IN-0512 Fund I, a series of Brother Freeday, LP | $2.56M | WA | SEC filing | |
| Dash VC | Dash VC Fund I, LP | $2.5M | CA | SEC filing | |
| Inspired Capital | Inspired Capital RHO2, L.P. | $2.4M | NY | SEC filing | |
| What If Ventures | Alto Pharmacy F a Series of What If Ventures Master LLC | $2.22M | DE | SEC filing | |
| Arthur Ventures | Arthur Ventures V Affiliates Fund, LP | $2.13M | MN | SEC filing | |
| Rebel Seed Partners | EDGE Fund a Series Of Rebel Seed Partners LLC | $2M | DE | SEC filing | |
| Andina-Pier 88 Innovation | Andina-Pier 88 Innovation FUND, L.P. | $2M | CA | SEC filing | |
| Punchdown Partners | Punchdown Partners SPV-OP 2, LLC | $1.94M | WA | SEC filing | |
| Arthur Ventures | Arthur Ventures Growth IV Affiliates Fund, LP | $1.92M | MN | SEC filing | |
| Hustle Fund Angel Squad | EP Fund II, a series of Hustle Fund Angel Squad Scale II, LP | $1.78M | WA | SEC filing | |
| 2023 Walker Renibus | 2023 Walker Renibus LLC | $1.75M | TX | SEC filing | |
| OBS | OBS Investors LP | $1.69M | NY | SEC filing | |
| Covenant VC | Covenant VC Credit Income Opportunities Fund, LLC | $1.63M | NY | SEC filing | |
| MWPE | MWPE Vino Vault II, LLC | $1.57M | CA | SEC filing | |
| AVSF | AVSF - Fleet Space 2023, LLC | $1.57M | NH | SEC filing | |
| Oakley Touring Venture | Oakley Touring Venture C SCSp | $1.54M | N4 | SEC filing | |
| Phase Two Ventures | Phase Two Ventures Fund I, LP | $1.5M | CA | SEC filing | |
| Fireside Ventures Investment | Fireside Ventures Investment Fund III | $1.46M | K7 | SEC filing | |
| DE68 | DE68 Fund I, a series of Roll Up Vehicles, LP | $1.4M | WA | SEC filing | |
| TiE Angels | TiE Angels Sealonix Investment 2023, a Series of Vauban Platform LP | $1.4M | DE | SEC filing | |
| 2150 Urban Tech Sustainability | 2150 Urban Tech Sustainability Fund II SCSp | $1.37M | N4 | SEC filing | |
| GSBackers BrewBird | GSBackers BrewBird Fund I a Series of CGF2021 LLC | $1.3M | DE | SEC filing | |
| Wayfinder Investments | CO-0223 Fund I AL Vehicle, a series of Wayfinder Investments, LP | $1.25M | WA | SEC filing | |
| LAUNCH Food Incubator | LAUNCH Food Incubator I, L.P. | $1.25M | CA | SEC filing | |
| GTx Angels | GTx Angels, LLC | $1.23M | TN | SEC filing | |
| Venrex | Venrex CAD Coinvest Limited Partnership | $1.22M | X0 | SEC filing | |
| growX VC | PI-0211 Fund I, a series of growX VC Funds, LP | $1.16M | WA | SEC filing | |
| Podemsky Ventures | RO-0509 Fund I, a series of Podemsky Ventures, LP | $1.13M | WA | SEC filing | |
| FXV | FXV II - Bellwether6, LLC | $1.13M | CA | SEC filing | |
| Allison Pickens Ventures | AP-0512 Fund I, a series of Allison Pickens Ventures, LP | $1.06M | PA | SEC filing | |
| MWest Ventures | MWest Ventures Fund I LP | $1.02M | UT | SEC filing | |
| Capitalize Investments | W23 Capitalize Fund I, a series of Capitalize Investments LLC | $1.02M | NV | SEC filing | |
| Nucleation Capital | Nucleation Capital, LP - B4 | $1.01M | WA | SEC filing | |
| Service Provider Capital | Series 10 LLC, a Series of Service Provider Capital SPV Holdings I, LLC | $1M | CO | SEC filing | |
| CanCureLabs | PU-0126 Fund I, a series of CanCureLabs, LP | $1M | WA | SEC filing | |
| Killakwinn Ventures | Fund I a Series of Killakwinn Ventures LLC | $1M | DE | SEC filing | |
| Late Night | Late Night Fund 1 a Series of Late Night Ventures Master LLC | $1M | DE | 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 June 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.