New venture funds filed in July 2023
94 new venture funds and 376 SPVs filed their first Form D with the SEC in July 2023, with $6.41B in total target capital across the 65 funds that stated a size. The largest were Long Ridge Equity Partners IV-B, LP (Long Ridge Equity Partners), Long Ridge Equity Partners IV-C, LP (Long Ridge Equity Partners) and Long Ridge Equity Partners IV, LP (Long Ridge Equity Partners), at $732M each; California led with 30 new funds; the most common sponsor sectors were AI & ML (16), B2B Software (11) and Healthcare (7). New fund filings were down 7% from June 2023 (101).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 94
- 101 in June
- New SPVs
- 376
- 345 in June
- Target capital
- $6.41B
- across 65 funds with a stated size
- Median fund
- $30M
- offering size
- Largest fund
- $732M
- 3 tied
- Sponsoring firms
- 85
- most in California
What was the largest venture fund filed in July 2023?
Long Ridge Equity Partners IV-B, LP (Long Ridge Equity Partners), Long Ridge Equity Partners IV-C, LP (Long Ridge Equity Partners) and Long Ridge Equity Partners IV, LP (Long Ridge Equity Partners) tied at $732M each.
Which states had the most new venture funds in July 2023?
California (30), New York (16), Massachusetts (12), Washington (7) and Colorado (6), counted by the sponsoring firm's home state. California's new funds target $1.72B in total.
What sectors do the firms behind July's new funds invest in?
AI & ML (16), B2B Software (11), Healthcare (7), Deep Tech (6) and Biotech & Pharma (5) lead, by the sectors each sponsoring firm backs. 53 of the 94 funds come from firms with no sector on record yet.
How many SPVs were filed in July 2023?
376 new SPVs and other deal vehicles filed a first Form D in July 2023, against 94 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does July 2023 compare with June 2023?
94 new funds against 101 (−7%), 376 SPVs against 345, and $6.41B of target capital against $7.99B.
Every new venture fund in July 2023
94 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 |
|---|---|---|---|---|---|
| Long Ridge Equity Partners | Long Ridge Equity Partners IV-B, LP | $732M | NY | SEC filing | |
| Long Ridge Equity Partners | Long Ridge Equity Partners IV-C, LP | $732M | NY | SEC filing | |
| Long Ridge Equity Partners | Long Ridge Equity Partners IV, LP | $732M | NY | SEC filing | |
| Wing | Wing Four, L.P. | $555M | CA | SEC filing | |
| LumaBio | LumaBio I LP | $410M | NY | SEC filing | |
| Yosemite | Yosemite Fund I, L.P. | $400M | CA | SEC filing | |
| Coefficient Capital | Coefficient Capital Fund II, LP | $286M | NY | SEC filing | |
| AlleyCorp | AlleyCorp Partners LP | $254M | NY | SEC filing | |
| Placeholder | Placeholder Fund III, LP | $200M | NY | SEC filing | |
| AIX Ventures | AIX Ventures Fund II, L.P. | $150M | CA | SEC filing | |
| J2 Ventures Strategic | J2 Ventures Argonne Fund, L.P. | $120M | MA | SEC filing | |
| Precursor Ventures | Precursor Ventures V, L.P. | $120M | CA | SEC filing | |
| GCO V Private | GCO V Private Investors, LLC | $105M | NY | SEC filing | |
| Outsiders | Outsiders FUND II, LP | $100M | CT | SEC filing | |
| LGVP | LGVP II, LP | $100M | NY | SEC filing | |
| Florida | Florida Funders Fund 3, L.P. | $100M | FL | SEC filing | |
| King River Investments | King River Investments Fund 3-A, L.P. | $100M | CO | SEC filing | |
| First Analysis | First Analysis Fund XIV, L.P. | $100M | IL | SEC filing | |
| Ferment Studio | Ferment Studio Fund I LP | $85M | CA | SEC filing | |
| Together | Together FUND II, LP | $81.2M | CA | SEC filing | |
| GCO V Private | GCO V Private Investors Offshore, L.P. | $71.7M | NY | SEC filing | |
| CatchLight | CatchLight Capital Partners III, LP | $62.1M | CA | SEC filing | |
| Stellation Capital | Stellation Capital II, LP | $51.1M | FL | SEC filing | |
| Maywic Select Investments | Maywic Select Investments 4 L.P. | $50M | OH | SEC filing | |
| Embark Ventures | Embark Ventures II, L.P. | $50M | CA | SEC filing | |
| SVII Delta | SVII Delta Fund, LP | $50M | NY | SEC filing | |
| Gutter | Gutter Capital Fund II, LP | $50M | WA | SEC filing | |
| Range Technology Ventures | Range Technology Ventures Fund II, L.P. | $45M | CO | SEC filing | |
| Igah Ventures | Igah Ventures IV LP | $44.6M | DE | SEC filing | |
| 25M Health Ventures | 25M Health Ventures Fund I, L.P. | $35M | NY | SEC filing | |
| BOLD | BOLD Opportunities Fund I, LLC | $30M | CA | SEC filing | |
| Broom Ventures | Broom Ventures Fund II LP | $30M | CA | SEC filing | |
| Lucas Venture | Lucas Venture Fund II, LP | $30M | CA | SEC filing | |
| S Growth Partners | S Growth Partners III, L.P. | $29M | NY | SEC filing | |
| 100KM Ventures | 100KM Ventures Fund I, LP | $25M | VA | SEC filing | |
| Levante Capital | Levante Capital I LP | $25M | NY | SEC filing | |
| HMC Needles | HMC Needles II, L.P. | $25M | CA | SEC filing | |
| Twenty Two Ventures | Twenty Two Ventures Fund VI LP | $25M | CA | SEC filing | |
| Drive Capital | Drive Capital Atlanta Seed Fund I, L.P. | $20M | OH | SEC filing | |
| Resilient Ventures | Resilient Ventures Fund II, L.P. | $15M | NC | SEC filing | |
| Atlantic Bridge Ventures | Atlantic Bridge Ventures Fund I, LP | $15M | MA | SEC filing | |
| Trybe Venture | Trybe Venture Fund I, LP | $15M | CA | SEC filing | |
| Recall Capital | Recall Capital Fund I LP | $13.9M | CA | SEC filing | |
| Sequoia Capital | Sequoia Capital US/E Seed V Principals Fund, L.P. | $10.4M | CA | SEC filing | |
| BullMont Capital | BullMont Capital Inc. | $10M | CT | SEC filing | |
| Learn Capital | Learn Capital IV Special Opportunities VIII, LLC | $10M | TX | SEC filing | |
| Vitae Capital | Vitae Capital IV-A, LLC | $10M | TX | SEC filing | |
| Sequoia Capital | Sequoia Capital US/E Seed V Principals Fund (Q), L.P. | $9.2M | CA | SEC filing | |
| Service Provider Capital | Service Provider Capital Rocky Mountain Fund III, LP | $8.05M | CO | SEC filing | |
| Service Provider Capital | Service Provider Capital Southeast Fund II, LP | $7.68M | CO | SEC filing | |
| Menlo | Menlo Entrepreneurs Fund XVI, L.P. | $7M | CA | SEC filing | |
| Proof | Proof II VI, LLC | $6.7M | VA | SEC filing | |
| Ravikant Capital | Ravikant Capital QP, LP - D1 | $6.3M | WA | SEC filing | |
| CYBER Innovation Partners | CYBER Innovation Partners III LP | $6.2M | CA | SEC filing | |
| Vibrant | Vibrant Ventures Fund I, LP | $5.95M | CA | SEC filing | |
| Jibe Ventures | Jibe Ventures, LP - C3 | $5.19M | WA | SEC filing | |
| AZ-VC | AZ-VC Fund I-B, LLC | $5.1M | AZ | SEC filing | |
| Ferrous | Ferrous Investors LP | $5M | DC | SEC filing | |
| Service Provider Capital | Service Provider Capital New England Fund I, LP | $4.6M | CO | SEC filing | |
| R&R SecEdge | R&R SecEdge Holdings LLC | $4.5M | MA | SEC filing | |
| Portfolia | Portfolia FemTech Fund III LLC | $4.15M | CA | SEC filing | |
| New Normal | New Normal Fund, LP - C4 | $4.13M | WA | SEC filing | |
| Bitcoin Magazine | Bitcoin Magazine Fund, LP - A1 | $4.1M | WA | SEC filing | |
| Service Provider Capital | Service Provider Capital Midwest Fund II, LP | $3.92M | CO | SEC filing | |
| S-Unik Fund North America | S-Unik Fund North America, LP | $3.35M | CA | SEC filing | |
| AV Growth Fund 3Q | AV Growth Fund 3Q, LLC | — | MA | SEC filing | |
| Blockchange | Blockchange Ventures III, L.P. (Series 6) | — | FL | SEC filing | |
| Meliorate | Meliorate Fund III LP | — | WA | SEC filing | |
| Equip | Equip Opportunities Fund, L.P. | — | CA | SEC filing | |
| SkyCross NSPV | SkyCross NSPV, LP | — | KS | SEC filing | |
| Contrary | Contrary Capital IV-A, L.P. | — | CA | SEC filing | |
| XBTO Humla | Humla Ventures DF Fund I LP | — | NY | SEC filing | |
| Fusion Supernova | Fusion Supernova Fund I, L.P. | — | CA | SEC filing | |
| XBTO Humla | Humla Ventures CF Fund I LP | — | NY | SEC filing | |
| JA'DAN Johnson | JA'DAN Johnson FUND IV, LP | — | CA | SEC filing | |
| MCKAY Wrigley | MCKAY Wrigley FUND IV, LP | — | CA | SEC filing | |
| Nkechi Iregbulem | Nkechi Iregbulem FUND IV, LP | — | CA | SEC filing | |
| Paul Yacoubian | Paul Yacoubian FUND IV, LP | — | CA | SEC filing | |
| Pukar C. Hamal | Pukar C. Hamal FUND IV, LP | — | CA | SEC filing | |
| Nordwand | Nordwand Income Opportunities I LLC | — | PA | SEC filing | |
| C2023 Investments | C2023 Investments LP | — | DE | SEC filing | |
| InVivium | InVivium Capital, LP | — | IL | SEC filing | |
| Cercano Big Hat Venture Capital | Cercano Big Hat Venture Capital LP | — | WA | SEC filing | |
| AV Allen Street Ventures | AV Allen Street Ventures Fund 1, LLC | — | MA | SEC filing | |
| AV Bleecker Street Ventures | AV Bleecker Street Ventures Fund 2, LLC | — | NH | SEC filing | |
| AV Comm Ave Ventures | AV Comm Ave Ventures Fund 1, LLC | — | MA | SEC filing | |
| AV Global | AV Global Fund 4, LLC | — | MA | SEC filing | |
| AV Impact | AV Impact Fund 5, LLC | — | MA | SEC filing | |
| AV Mirror Lake Ventures | AV Mirror Lake Ventures Fund 1, LLC | — | MA | SEC filing | |
| AV Provo Ventures | AV Provo Ventures Fund 1, LLC | — | MA | SEC filing | |
| AV Yoshino Ventures | AV Yoshino Ventures Fund 1, LLC | — | MA | SEC filing | |
| Congress Avenue Ventures | Congress Avenue Ventures Fund 5, LLC | — | NH | SEC filing | |
| Congress Avenue Ventures | Congress Avenue Ventures Fund 5Q, LLC | — | NH | SEC filing | |
| Towerview Ventures | Towerview Ventures Fund 5, LLC | — | MA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 30 | 17 | $1.72B |
| New York | 16 | 11 | $3.76B |
| Massachusetts | 12 | 13 | $140M |
| Washington | 7 | 250 | $69.7M |
| Colorado | 6 | 2 | $169M |
| Florida | 3 | 7 | $151M |
| New Hampshire | 3 | 6 | — |
| Delaware | 2 | 32 | $44.6M |
| Connecticut | 2 | 3 | $110M |
| Virginia | 2 | 2 | $31.7M |
| Texas | 2 | 1 | $20M |
| Illinois | 2 | 0 | $100M |
| Ohio | 2 | 0 | $70M |
| North Carolina | 1 | 2 | $15M |
| Arizona | 1 | 1 | $5.1M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 53 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 16 | 75 | $1.16B |
| B2B Software | 11 | 28 | $2.49B |
| Healthcare | 7 | 14 | $338M |
| Deep Tech | 6 | 12 | $747M |
| Biotech & Pharma | 5 | 19 | $379M |
| Cybersecurity | 5 | 9 | $781M |
| Media, Gaming & Creator | 5 | 9 | $91.7M |
| Fintech | 4 | 11 | $555M |
| Climate & Energy | 3 | 37 | $258M |
| Crypto & Web3 | 3 | 8 | $204M |
| Space | 3 | 8 | $230M |
| Developer Tools | 3 | 3 | $195M |
| Industrial & Manufacturing | 3 | 2 | $175M |
| Consumer | 2 | 12 | $292M |
| Hardware & Robotics | 2 | 5 | $70M |
New SPVs and deal vehicles in July 2023
The 50 largest of 376; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Aldeia Investments | Aldeia Fund I LLC a Series of Aldeia Investments LLC | $150M | DE | SEC filing | |
| Great Circle Venture | Fund II, a series of Great Circle Venture, LP | $25M | WA | SEC filing | |
| Gazelle Capital Ventures | Gazelle Ventures a Series of Gazelle Capital Ventures LLC | $20M | DE | SEC filing | |
| Attack Capital | Attack Capital Fund I a Series of Attack Capital LLC | $10M | DE | SEC filing | |
| Orange Fellowship | Orange Fellowship C1 a Series of Orange Fellowship LLC | $10M | DE | SEC filing | |
| BackFuture Ventures | Fund I, a series of BackFuture Ventures, LP | $10M | WA | SEC filing | |
| MBA Ventures VC | Fund I, a series of MBA Ventures VC, LP | $10M | WA | SEC filing | |
| Schnitzel Capital AL | CU-0620 Fund I, a series of Schnitzel Capital AL, LP | $6.57M | WA | SEC filing | |
| 59CH Ventures | 59CH Ventures Master, LP - True Anomaly SAFE | $5.59M | CT | SEC filing | |
| TFC Ventures | Fund 1, a series of TFC Ventures, LP | $5M | WA | SEC filing | |
| 20Sales | Fund I, a series of 20Sales, LP | $5M | WA | SEC filing | |
| Javelin Venture Partners | Javelin Venture Partners V-A SPV I, LLC | $4.75M | CA | SEC filing | |
| Parcel B Ventures | Parcel B a Series of Parcel B Ventures LLC | $3M | DE | SEC filing | |
| Blue Ivy Ventures | Blue Ivy Ventures Fund 8, LLC | $2.69M | MA | SEC filing | |
| Alter VC | Alter VC Fund, LP - B4 | $2.65M | WA | SEC filing | |
| Frist Cressey | FRIST Cressey Co-Invest, LLC | $2.62M | TN | SEC filing | |
| Angel Acceleration | Angel Acceleration Master Fund, LP - A4 | $2.3M | WA | SEC filing | |
| Dot Capital | Dot Capital 7, LP | $2.21M | FL | SEC filing | |
| Athos | ATHOS Emerging Venture Fund III, LP | $2.15M | UT | SEC filing | |
| Gladiator Top Golf Europe | Gladiator Top Golf Europe I, LLC | $2.1M | GA | SEC filing | |
| igniteXL | igniteXL - BuyWith, LP | $2.08M | CA | SEC filing | |
| igniteXL | igniteXL - Musely, LP | $2.05M | CA | SEC filing | |
| Athos | ATHOS Growth Fund III, LP | $2.03M | UT | SEC filing | |
| Lakehouse Venture Partners | Lakehouse Venture Partners Strategic Opportunities XIV, LP | $2M | NY | SEC filing | |
| Rally Cap Global | RC Climate a Series of Rally Cap Global LLC | $2M | DE | SEC filing | |
| Stonks SPVs | Stonks YC S23 Access Fund a Series of Stonks Private Funds LLC | $2M | CA | SEC filing | |
| AF Co-Invest MJ | AF Co-Invest MJ, LLC | $2M | CT | SEC filing | |
| SuperAngel.vc | SuperAngel.vc, LP - C3 | $1.96M | WA | SEC filing | |
| Pioneer | Pioneer Opportunity Fund, LP - B3 | $1.93M | WA | SEC filing | |
| Astir Ventures | Astir Ventures Fund I, LP | $1.9M | NJ | SEC filing | |
| Chestnut Street Ventures | Chestnut Street Ventures Fund 7, LLC | $1.9M | NH | SEC filing | |
| Fuel Venture Capital | BP MTES Co-Invest Series, LLC an Individual & Protected Series of Fuel Venture Capital Co-Invest Series, LLC a Series LLC | $1.84M | FL | SEC filing | |
| Venley Capital | NXT May 2023 a Series of Venley Capital Fund LLC | $1.8M | DE | SEC filing | |
| Athos | ATHOS Venture Fund III, LP | $1.74M | UT | SEC filing | |
| Red Pill Adventures | EI Fund I, a series of Red Pill Adventures, LP | $1.72M | WA | SEC filing | |
| Preston-Werner Ventures | Preston-Werner Ventures Rolling Fund, LP - A3 | $1.63M | WA | SEC filing | |
| Telly Seed | Telly Seed a Series of CGF2021 LLC | $1.62M | DE | SEC filing | |
| Paradox Capital | Paradox Capital, LP - C3 | $1.61M | WA | SEC filing | |
| Schox Venture Capital | Schox Venture Capital, LP - D1 | $1.6M | WA | SEC filing | |
| EFC 8021 Deal | EFC 8021 Deal LLC | $1.56M | TX | SEC filing | |
| Unpopular | Unpopular Ventures Preferred, LP - C3 | $1.54M | WA | SEC filing | |
| HB-WIN | HB-WIN 2023 Voxel Series, a series of HB-WIN LLC | $1.5M | NC | SEC filing | |
| 4p2023 | 4p2023, LLC | $1.5M | UT | SEC filing | |
| Carya Venture Partners | Carya Venture Partners, LP - B1 | $1.43M | WA | SEC filing | |
| CCI | CCI SPV IV, LP | $1.4M | CA | SEC filing | |
| Socket Capital | Fund II, a series of Socket Capital Funds, LP | $1.4M | WA | SEC filing | |
| Dcode Capital | Dcode Capital HAI Holdings, LLC | $1.38M | DC | SEC filing | |
| Engage Venture | SPV006 a Series of Engage Venture Partners Investments LLC | $1.38M | GA | SEC filing | |
| Nomad Venture Partners | Nomad Venture Partners LP - C2 | $1.33M | WA | SEC filing | |
| LeFonds by FrenchFounders | LeFonds by FrenchFounders, LP - C2 | $1.28M | WA | 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 July 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.