New venture funds filed in October 2023
68 new venture funds and 360 SPVs filed their first Form D with the SEC in October 2023, with $3.4B in total target capital across the 58 funds that stated a size. The largest was Innovation Endeavors V LP (Innovation Endeavors) at $600M; California led with 24 new funds; the most common sponsor sectors were AI & ML (14), Healthcare (10) and B2B Software (8). New fund filings were down 21% from September 2023 (86).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 68
- 86 in September
- New SPVs
- 360
- 219 in September
- Target capital
- $3.4B
- across 58 funds with a stated size
- Median fund
- $24.7M
- offering size
- Largest fund
- $600M
- Innovation Endeavors
- Sponsoring firms
- 63
- most in California
What was the largest venture fund filed in October 2023?
Innovation Endeavors V LP, sponsored by Innovation Endeavors (CA), with a $600M offering, first filed on Oct 13, 2023. The next largest was B Capital Ascent Fund III, L.P. (B Capital Ascent) at $307M.
Which states had the most new venture funds in October 2023?
California (24), Washington (8), Florida (8), New York (6) and Texas (3), counted by the sponsoring firm's home state. California's new funds target $1.71B in total.
What sectors do the firms behind October's new funds invest in?
AI & ML (14), Healthcare (10), B2B Software (8), Climate & Energy (5) and Biotech & Pharma (3) lead, by the sectors each sponsoring firm backs. 37 of the 68 funds come from firms with no sector on record yet.
How many SPVs were filed in October 2023?
360 new SPVs and other deal vehicles filed a first Form D in October 2023, against 68 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does October 2023 compare with September 2023?
68 new funds against 86 (−21%), 360 SPVs against 219, and $3.4B of target capital against $5.81B.
Every new venture fund in October 2023
68 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 |
|---|---|---|---|---|---|
| Innovation Endeavors | Innovation Endeavors V LP | $600M | CA | SEC filing | |
| B Capital Ascent | B Capital Ascent Fund III, L.P. | $307M | CA | SEC filing | |
| Thrive Capital Partners | Thrive Capital Partners VIII Growth, L.P. | $304M | NY | SEC filing | |
| Congruent | Congruent Ventures III, LP | $250M | CA | SEC filing | |
| Bling Capital | Bling Capital Fund IV LP | $131M | FL | SEC filing | |
| Bling Capital | Bling Capital Fund IV Opps LP | $129M | FL | SEC filing | |
| SYN Ventures | SYN Ventures SEED FUND I LP | $125M | FL | SEC filing | |
| B Capital MESA Venture | B Capital MESA Venture Fund I, L.P. | $102M | CA | SEC filing | |
| HealthX | HealthX Ventures Fund III, L.P. | $100M | WI | SEC filing | |
| Shorewind Capital | Shorewind Capital Fund II LP | $100M | CA | SEC filing | |
| Venture | Venture Investors Health Fund 7 Limited Partnership | $100M | WI | SEC filing | |
| Rebalance Capital | Rebalance Capital Ventures I, LP | $100M | NY | SEC filing | |
| Quartus AI | Quartus AI Fund LP | $100M | NY | SEC filing | |
| Next Legacy Inflection | Next Legacy Inflection Fund 2, L.P. | $75M | CA | SEC filing | |
| Pearl | Pearl INR Holdings, L.P. | $51M | TX | SEC filing | |
| Deep Acre | Deep Acre Fund I LP | $50M | FL | SEC filing | |
| Base Case Capital | Base Case Capital II L.P. | $50M | CA | SEC filing | |
| Runtime Ventures | Runtime Ventures Fund, LP | $50M | VA | SEC filing | |
| FPG Ad | FPG Ad Astra V, LLC | $48.5M | IL | SEC filing | |
| Shakti Venture Capital | Shakti Venture Capital II, L.P. | $40.5M | CA | SEC filing | |
| Hivemind Ventures | Hivemind Ventures Fund II LP | $40M | WA | SEC filing | |
| Roo Capital | Roo Capital Discovery Fund I, L.P. | $38.4M | FL | SEC filing | |
| Blitzscaling Ventures AI | Blitzscaling Ventures AI, L.P. | $35M | CA | SEC filing | |
| Daybreak | Daybreak Ventures Fund 1 LP | $35M | NY | SEC filing | |
| Anti | Anti Fund One, LP | $35M | PR | SEC filing | |
| FPG Ad | FPG Ad Astra IV, LLC | $33.9M | IL | SEC filing | |
| 500 Global | 500 Global Flagship VI, L.P. | $33.5M | CA | SEC filing | |
| Quantonation | Quantonation 2 Feeder, LLC | $25.7M | MA | SEC filing | |
| SP Alpha | SP Alpha Opportunity Fund LLC | $25M | FL | SEC filing | |
| Exponential Technologies Frontiers | Exponential Technologies Frontiers Venture Fund LP | $24.4M | CA | SEC filing | |
| Pearl | Pearl INR Holdings-A, L.P. | $20M | TX | SEC filing | |
| Nosara | Nosara Provi 2, L.P. | $18.5M | CT | SEC filing | |
| Tribe Capital | Tribe Digital Future Fund I, L.P. | $16.2M | CA | SEC filing | |
| Fund 1 S092023SX | Fund 1 S092023SX, LP | $15.8M | TX | SEC filing | |
| HF0 | HF0 Fund IV, LP | $15.8M | CA | SEC filing | |
| BGW Ventures | BGW Ventures I-C, LP | $15.1M | MI | SEC filing | |
| SeedToB | SeedToB Opportunity Fund, LLC | $15M | GA | SEC filing | |
| Nordwand | Nordwand Special Opportunities II LLC | $13.5M | PA | SEC filing | |
| NewView | NewView Capital Advisors Fund III, L.P. | $10M | CA | SEC filing | |
| MW LSVC Redwood | MW LSVC Redwood-II, LLC | $10M | CA | SEC filing | |
| MW LSVC Shield AI | MW LSVC Shield AI, LLC | $10M | CA | SEC filing | |
| Breakpoint Capital | Breakpoint Capital Fund I, L.P. | $10M | CO | SEC filing | |
| Humans Ventures | Humans Ventures II, L.P. | $10M | CA | SEC filing | |
| Michigan Capital Network | Michigan Capital Network Opportunity Fund, LP | $10M | MI | SEC filing | |
| Aoki Labs | Aoki Labs I, LP | $9M | CA | SEC filing | |
| 9.58 Venture Partners | 9.58 Venture Partners, LP | $7.85M | CA | SEC filing | |
| Peer VC | Peer VC, LP - C3 | $6.69M | WA | SEC filing | |
| Ravikant Capital | Ravikant Capital QP, LP - D4 | $5.53M | WA | SEC filing | |
| Davidovs Venture Capital | Davidovs Venture Capital, LP - C1 | $5.21M | WA | SEC filing | |
| Ravikant Capital | Ravikant Capital, LP - D4 | $5.1M | WA | SEC filing | |
| Jedar Capital | Jedar Capital Africa Fund I, LP | $5M | NJ | SEC filing | |
| Cadron Capital Partners | Cadron Capital Partners Fund II, LP | $5M | AR | SEC filing | |
| Roo Capital | Roo Capital Discovery Fund I Associates, L.P. | $4.86M | FL | SEC filing | |
| Kamal Ravikant Capital | Kamal Ravikant Capital, LP - D1 | $3.45M | WA | SEC filing | |
| Alter VC | Alter VC Fund, LP - C1 | $3.36M | WA | SEC filing | |
| Carya Venture Partners | Carya Venture Partners, LP - B2 | $3.18M | WA | SEC filing | |
| DYNE | DYNE Maritime Fund I, LP | $3.16M | FL | SEC filing | |
| Alto Capital Fund I, LLC-Kearny Jackson | Alto Capital Fund I, LLC-Kearny Jackson Fund I | $3M | TN | SEC filing | |
| Sharp Alpha | Sharp Alpha Fund II, LP | — | NY | SEC filing | |
| Braemar Carbonfree | Braemar Carbonfree Holdings LP | — | NY | SEC filing | |
| MTP | MTP Advisors Fund IV, LP | — | CA | SEC filing | |
| IVP Executive | IVP Executive Fund XVIII, LLC | — | CA | SEC filing | |
| AIspace Ventures | AIspace Ventures Fund I, LP | — | CA | SEC filing | |
| Stitch | Stitch 8-1 LLC | — | NJ | SEC filing | |
| RCIF Employee Incentive | RCIF Employee Incentive Vehicle, LLC | — | VA | SEC filing | |
| Ryan Neu | Ryan Neu Fund IV, LP | — | CA | SEC filing | |
| Set Builders | Set Builders II, LP | — | CA | SEC filing | |
| Awareness Venture | Awareness Venture Fund I LP | — | MA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 24 | 18 | $1.71B |
| Washington | 8 | 231 | $72.5M |
| Florida | 8 | 9 | $506M |
| New York | 6 | 7 | $539M |
| Texas | 3 | 5 | $86.8M |
| Massachusetts | 2 | 2 | $25.7M |
| Virginia | 2 | 2 | $50M |
| Illinois | 2 | 1 | $82.5M |
| Michigan | 2 | 0 | $25.1M |
| New Jersey | 2 | 0 | $5M |
| Wisconsin | 2 | 0 | $200M |
| Pennsylvania | 1 | 2 | $13.5M |
| Colorado | 1 | 1 | $10M |
| Arkansas | 1 | 0 | $5M |
| Connecticut | 1 | 0 | $18.5M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 37 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 14 | 89 | $1.17B |
| Healthcare | 10 | 22 | $996M |
| B2B Software | 8 | 36 | $954M |
| Climate & Energy | 5 | 43 | $331M |
| Biotech & Pharma | 3 | 29 | $110M |
| Cybersecurity | 3 | 7 | $235M |
| Space | 2 | 10 | $43.2M |
| Deep Tech | 2 | 7 | $259M |
| Fintech | 2 | 6 | $26.2M |
| Crypto & Web3 | 2 | 5 | $56.2M |
| Mobility & Logistics | 1 | 93 | — |
| Food & Agriculture | 1 | 30 | $3.16M |
| Consumer | 1 | 8 | $3.16M |
| Hardware & Robotics | 1 | 8 | $250M |
| Media, Gaming & Creator | 1 | 6 | $33.5M |
New SPVs and deal vehicles in October 2023
The 50 largest of 360; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Executive Venture | Executive Venture Fund I, a series of Executive Venture, LP | $30M | WA | SEC filing | |
| Better Capital | Ventures II, a series of Better Capital, LP | $25M | WA | SEC filing | |
| Springblue | Springblue B-III SPV (Z), L.P. | $20M | CA | SEC filing | |
| Gatsby Investment | Gatsby Investment Holdings SPV LP | $15.2M | DE | SEC filing | |
| Tenon Ventures | Fund 1, a series of Tenon Ventures, LP | $15M | WA | SEC filing | |
| Sihtech Partners | Clean Taqa II a Series of Sihtech Partners LLC | $10.1M | DE | SEC filing | |
| DYNE | DYNE Maritime AAL SPV, LP | $10M | FL | SEC filing | |
| S5V CoInvest US | EAI II, a Series of S5V CoInvest US LP | $5.52M | DE | SEC filing | |
| Discerning Capital | Discerning Capital PB SPV, LLC | $5.47M | NV | SEC filing | |
| 20Growth | Fund I, a series of 20Growth, LP | $5M | WA | SEC filing | |
| WillowTech Ventures | 0xSecure Fund I, a series of WillowTech Ventures, LP | $5M | WA | SEC filing | |
| Kairos | Kairos-Vivodyne SPV, L.P. | $5M | CA | SEC filing | |
| THVC | THVC (Cionic), LLC | $4M | CA | SEC filing | |
| HC9 | HC9 SPV F-Ii, LLC | $4M | PA | SEC filing | |
| BZH Atidan | BZH ATIDAN Venture Opportunities, a Series of Vauban Platform LP | $3.8M | DE | SEC filing | |
| Uma Ventures | Uma Ventures SPV 0 LP | $3.11M | CA | SEC filing | |
| GSBackers Shield AI | GSBackers Shield AI Fund I a Series of CGF2021 LLC | $3.07M | DE | SEC filing | |
| Houghton Street Ventures | Houghton Street Ventures I LP | $2.93M | X0 | SEC filing | |
| Calm Ventures SpaceX | Calm Ventures SpaceX 2, LP | $2.78M | CA | SEC filing | |
| Original Capital Fund One - MetaMap | Original Capital Fund One - MetaMap, a Series of Vauban Platform LP | $2.65M | DE | SEC filing | |
| Angel Collective | Angel Collective Opportunity Fund, LP - C4 | $2.51M | WA | SEC filing | |
| Giant Step Capital | AL-0926 Fund III, a series of Giant Step Capital, LP | $2.48M | WA | SEC filing | |
| Frontline | Frontline Europe Early Stage FUND III Limited Partnership | $2.43M | L2 | SEC filing | |
| SGV | SGV25, a series of SGV I, LLC | $2.18M | CA | SEC filing | |
| GSBackers Forta Health | GSBackers Forta Health Fund I a Series of CGF2021 LLC | $2.17M | DE | SEC filing | |
| Moving Capital Rocket | Moving Capital Rocket III, LP | $2.01M | TX | SEC filing | |
| Silicon Roundabout Ventures | Silicon Roundabout Ventures LP | $1.95M | X0 | SEC filing | |
| Jibe Ventures | Jibe Ventures QP, LP - C4 | $1.89M | WA | SEC filing | |
| Proof | Proof DPI3, LLC | $1.85M | VA | SEC filing | |
| Bling Capital | Bling Capital Fund IV Opps-A LP | $1.82M | FL | SEC filing | |
| Bling Capital | Bling Capital Fund IV-A LP | $1.82M | FL | SEC filing | |
| Tokenfolio | Tokenfolio Fund XI, LP | $1.8M | K7 | SEC filing | |
| New Normal | New Normal Fund, LP - D1 | $1.79M | WA | SEC filing | |
| Masad Capital | Masad Capital, LP - A4 | $1.77M | WA | SEC filing | |
| Fearless | Fearless Devoted Health SPV 3, LLC | $1.68M | CA | SEC filing | |
| Timechain KS | Timechain KS | $1.57M | G7 | SEC filing | |
| WSC | WSC 8022 LLC | $1.56M | NC | SEC filing | |
| Kamal Ravikant Capital | Kamal Ravikant Capital QP, LP - D1 | $1.55M | WA | SEC filing | |
| Moringa | Moringa AI Ventures Series II LP | $1.53M | CA | SEC filing | |
| Coelius Capital | Coelius Capital Rolling Fund, LP - D1 | $1.52M | WA | SEC filing | |
| WSC | WSC 8024 LLC | $1.38M | NC | SEC filing | |
| Preston-Werner Ventures | Preston-Werner Ventures Rolling Fund, LP - A4 | $1.38M | WA | SEC filing | |
| MAV Neuralink | MAV Neuralink, LP | $1.32M | K8 | SEC filing | |
| Series FVCF1 Tradeshift | Series FVCF1 Tradeshift SPV, LLC an Individual Protected Series of Fuel Venture Capital Co-Invest Series, LLC a Series LLC | $1.32M | FL | SEC filing | |
| SaxeCap | SaxeCap Advisors XXVIII, LP | $1.31M | WA | SEC filing | |
| Schox Venture Capital | Schox Venture Capital, LP - D2 | $1.29M | WA | SEC filing | |
| Genuine Capital Ventures | Genuine Capital Ventures LP | $1.27M | X0 | SEC filing | |
| Visionary Future | VF Opportunity I, a Series of Visionary Future Opportunities LLC | $1.25M | DE | SEC filing | |
| Ascenta Capital | Ascenta Capital Project Argos SPV, L.P. | $1.2M | DE | SEC filing | |
| AVSF | AVSF - Generate 2023, LLC | $1.16M | NH | 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 October 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.