New venture funds filed in January 2024
85 new venture funds and 322 SPVs filed their first Form D with the SEC in January 2024, with $5.78B in total target capital across the 67 funds that stated a size. The largest was Carnelian Energy Capital V, L.P. (Carnelian) at $975M; California led with 29 new funds; the most common sponsor sectors were Healthcare (14), AI & ML (13) and B2B Software (12). New fund filings were up 4% from December 2023 (82).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 85
- 82 in December
- New SPVs
- 322
- 242 in December
- Target capital
- $5.78B
- across 67 funds with a stated size
- Median fund
- $17.5M
- offering size
- Largest fund
- $975M
- Carnelian
- Sponsoring firms
- 82
- most in California
What was the largest venture fund filed in January 2024?
Carnelian Energy Capital V, L.P., sponsored by Carnelian (TX), with a $975M offering, first filed on Jan 30, 2024. The next largest was Industry Ventures Partnership Holdings VII, L.P. (Industry Ventures) at $900M.
Which states had the most new venture funds in January 2024?
California (29), Washington (12), New York (11), Florida (5) and Massachusetts (4), counted by the sponsoring firm's home state. California's new funds target $3.14B in total.
What sectors do the firms behind January's new funds invest in?
Healthcare (14), AI & ML (13), B2B Software (12), Food & Agriculture (5) and Fintech (5) lead, by the sectors each sponsoring firm backs. 48 of the 85 funds come from firms with no sector on record yet.
How many SPVs were filed in January 2024?
322 new SPVs and other deal vehicles filed a first Form D in January 2024, against 85 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does January 2024 compare with December 2023?
85 new funds against 82 (+4%), 322 SPVs against 242, and $5.78B of target capital against $9.82B.
Every new venture fund in January 2024
85 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 |
|---|---|---|---|---|---|
| Carnelian | Carnelian Energy Capital V, L.P. | $975M | TX | SEC filing | |
| Industry Ventures | Industry Ventures Partnership Holdings VII, L.P. | $900M | CA | SEC filing | |
| Venrock Associates | Venrock Associates X, L.P. | $650M | CA | SEC filing | |
| Menlo Inflection | Menlo Inflection AI Partners, L.P. | $500M | CA | SEC filing | |
| HCM | HCM VI, L.P. | $419M | CA | SEC filing | |
| Caffeinated Capital | Caffeinated Capital Venture Fund V, LP | $400M | CO | SEC filing | |
| avra | avra fund I lp | $350M | CA | SEC filing | |
| Savory | Savory Fund III LP | $250M | UT | SEC filing | |
| Myriad Ventures | Myriad Ventures Fund I, LP | $200M | MA | SEC filing | |
| Streamlined | Streamlined Ventures V, L.P. | $100M | CA | SEC filing | |
| CPH Capital | CPH Capital Fund I,L.P. | $97.7M | NY | SEC filing | |
| Seae Ventures | Seae Ventures II, LP | $79.8M | FL | SEC filing | |
| Govfund US | Govfund US LP | $50M | DE | SEC filing | |
| Waterline Ventures | Waterline Ventures IV, L.P. | $50M | MA | SEC filing | |
| Search Fund Partners | Search Fund Partners 9, LP | $47M | CA | SEC filing | |
| TGV Venture | TGV Venture Fund I LP | $40M | CA | SEC filing | |
| Semillero Investment | Semillero Investment Fund II, LP | $35M | PR | SEC filing | |
| Gaia Ventures | Gaia Ventures I, LP | $35M | NY | SEC filing | |
| BPV Healthcare CV | BPV Healthcare CV, L.P. | $31.3M | FL | SEC filing | |
| Streamlined | Streamlined Opportunity Fund IV, L.P. | $30M | CA | SEC filing | |
| DIH PSA | DIH PSA, LLC | $29.1M | NY | SEC filing | |
| Hoverink Venture | Hoverink Venture Fund I, LP | $25M | TX | SEC filing | |
| South Asia Tech VC | South Asia Tech VC Fund I, LLC | $25M | NC | SEC filing | |
| Vela Partners AI | Vela Partners AI Fund II, LP | $25M | WA | SEC filing | |
| SurgePoint | SurgePoint Angel Fund, LP | $25M | NY | SEC filing | |
| NOMO Ventures | NOMO Ventures III, L.P. | $25M | CA | SEC filing | |
| Claritas Healthcare | Claritas Opportunity Fund VIII QP, L.P. | $25M | TN | SEC filing | |
| Vinyl Capital | Vinyl Capital II, L.P. | $24.4M | MA | SEC filing | |
| 201 Ventures | 201 Ventures Fund I LP | $23.1M | U3 | SEC filing | |
| Cadenza | Cadenza Blockchain Ventures Fund III LP | $23.1M | NY | SEC filing | |
| Ravikant Capital | Ravikant Capital QP, LP - E1 | $22.7M | WA | SEC filing | |
| Blackhorn | Blackhorn Ventures Special Opportunities Fund - M, LP | $20M | CO | SEC filing | |
| Dria Ventures | Dria Ventures Fund I LP | $20M | NY | SEC filing | |
| Intrinsic Investments | Intrinsic Investments Fund I, L.P. | $17.5M | CA | SEC filing | |
| Ag Startup Engine Seed | Ag Startup Engine Seed Fund I LLC | $15M | IA | SEC filing | |
| Hyphen Capital | Hyphen Capital I, L.P. | $13M | CA | SEC filing | |
| Big Dipper Innovation | Big Dipper Innovation Fund LLC | $12.8M | VA | SEC filing | |
| Cade Ventures | Cade Ventures Fund I LP | $10M | NY | SEC filing | |
| Capacity Capital | Capacity Capital Fund II, LP | $10M | TN | SEC filing | |
| Khosla Ventures | Khosla Ventures VIII Strategic, L.P. | $10M | CA | SEC filing | |
| shuckerVC | shuckerVC Fund I, LP | $10M | CA | SEC filing | |
| VentureSouth | VentureSouth Angel Fund VI LP | $10M | SC | SEC filing | |
| AIStudio | AIStudio Fund, L.P. | $7.5M | WA | SEC filing | |
| US VC | US VC Fund II LLC | $7.47M | FL | SEC filing | |
| Jibe Ventures | Jibe Ventures, LP - D1 | $7.01M | WA | SEC filing | |
| Opto Artificial Intelligence Early Stage Venture | Opto Artificial Intelligence Early Stage Venture Fund, LP | $6.83M | NY | SEC filing | |
| Peer VC | Peer VC, LP - C4 | $6.77M | WA | SEC filing | |
| Cherubic Ventures | Cherubic Ventures Fund VI, L.P. | $5.85M | E9 | SEC filing | |
| Kindred | Kindred TL 2, LP | $5M | CA | SEC filing | |
| Series Greenlight 3, a Separate Series of BlueIO Growth | Series Lufa, a Separate Series of BlueIO Growth LLC | $5M | MA | SEC filing | |
| Impact X Ventures | Impact X Ventures Fund I, LP | $5M | CA | SEC filing | |
| Highbury | Highbury Holdings XV, LLC | $5M | WA | SEC filing | |
| SHL Capital | SHL Capital QP, LP - D3 | $4.98M | WA | SEC filing | |
| SHL Capital | SHL Capital, LP - D3 | $4.98M | WA | SEC filing | |
| 4RC Ventures | 4RC Ventures II LP | $4.61M | CA | SEC filing | |
| Davidovs Venture Capital | Davidovs Venture Capital, LP - C2 | $4.55M | WA | SEC filing | |
| Fjor Founders | Fjor Founders Fund I, L.P. | $4.43M | CA | SEC filing | |
| Kamal Ravikant Capital | Kamal Ravikant Capital QP, LP - D2 | $4.24M | WA | SEC filing | |
| Leore Avidar | Leore Avidar Angel Investments VI, LP - B1 | $4.04M | WA | SEC filing | |
| Coastal Ventures VSC | Coastal Ventures VSC Limited Partnership | $3.42M | ME | SEC filing | |
| Pear Ventures | Pear Ventures Opportunities XII, LLC | $3.4M | CA | SEC filing | |
| Volo Ventures | Volo Ventures ICS, LLC | $3.29M | OR | SEC filing | |
| Kairos Continuity | Kairos Continuity CI, L.P. | $3.2M | NY | SEC filing | |
| Masad Capital | Masad Capital, LP - B1 | $3.02M | WA | SEC filing | |
| Launch Oregon Investments | Launch Oregon Investments I, LP | $3M | OR | SEC filing | |
| OnRamp Education & Workforce Innovation | OnRamp Education & Workforce Innovation Fund II, LLC | $3M | WI | SEC filing | |
| Alpha Edison | Alpha Edison Westwood XVIII, L.L.C. | $3M | CA | SEC filing | |
| Blockchange | Blockchange Fund, L.P. (Series 7) | — | FL | SEC filing | |
| TCP Exploration | TCP Exploration Fund 2024, LP | — | CA | SEC filing | |
| Vibe Capital | Vibe Capital Fund III LP | — | CA | SEC filing | |
| Eric | Eric Martin Fund IV, LP | — | CA | SEC filing | |
| Crockett Capital Ventures | Crockett Capital Ventures VI LLC | — | TX | SEC filing | |
| Yu Star | Yu Star Fund III, LP | — | CA | SEC filing | |
| Siddhi | Siddhi Capital Fund II Offshore Feeder, L.P. | — | ID | SEC filing | |
| Leonis | Leonis Capital Fund II, LP | — | CA | SEC filing | |
| Chartline Capital Partners | Chartline Capital Partners III, L.P. | — | DE | SEC filing | |
| Collectiv | Collectiv Fund I, LP | — | TX | SEC filing | |
| Outlander Gamma | Outlander 3 Magellan-A, L.P. | — | FL | SEC filing | |
| TGV Venture | TGV Venture Fund I QP LP | — | CA | SEC filing | |
| Builders VC | Builders VC Fund III, L.P. | — | CA | SEC filing | |
| Quiet | Quiet T1, L.P. | — | CA | SEC filing | |
| AV Growth | AV Growth Fund 4, LLC | — | NY | SEC filing | |
| Hl2024 | Hl2024, LLC | — | UT | SEC filing | |
| Mindset | Mindset Venture Fund LP | — | CA | SEC filing | |
| Suttona | Suttona Holdings VIII LLC | — | NY | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 29 | 11 | $3.14B |
| Washington | 12 | 205 | $99.8M |
| New York | 11 | 10 | $250M |
| Florida | 5 | 3 | $119M |
| Massachusetts | 4 | 2 | $279M |
| Texas | 4 | 0 | $1B |
| Delaware | 2 | 36 | $50M |
| Tennessee | 2 | 1 | $35M |
| Utah | 2 | 1 | $250M |
| Colorado | 2 | 0 | $420M |
| Oregon | 2 | 0 | $6.29M |
| North Carolina | 1 | 2 | $25M |
| Virginia | 1 | 2 | $12.8M |
| South Carolina | 1 | 1 | $10M |
| Idaho | 1 | 0 | — |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 48 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| Healthcare | 14 | 27 | $1.35B |
| AI & ML | 13 | 81 | $1.47B |
| B2B Software | 12 | 27 | $2.35B |
| Food & Agriculture | 5 | 25 | $58.1M |
| Fintech | 5 | 10 | $497M |
| Climate & Energy | 3 | 30 | $1.19B |
| Space | 3 | 13 | $3M |
| Biotech & Pharma | 2 | 29 | $650M |
| Cybersecurity | 2 | 14 | $500M |
| Deep Tech | 2 | 9 | $34.3M |
| Crypto & Web3 | 2 | 4 | $23.1M |
| Industrial & Manufacturing | 2 | 4 | $420M |
| Real Estate & PropTech | 2 | 4 | $25M |
| Developer Tools | 2 | 3 | $31.2M |
| Mobility & Logistics | 1 | 88 | — |
New SPVs and deal vehicles in January 2024
The 50 largest of 322; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Uav SFF | Uav SFF SPV I, LP | $27M | IL | SEC filing | |
| NewView | NewView CL SPV, LLC | $26.5M | CA | SEC filing | |
| Neon Venture | Fund 3, a series of Neon Venture Fund, LP | $25M | WA | SEC filing | |
| Omni Ventures | Omni Ventures Fund I a Series of Omni Ventures Master LLC | $25M | DE | SEC filing | |
| AXV | AXV SPV I, LLC | $15M | NC | SEC filing | |
| Adara | Adara Sidecar II SCSp | $11.9M | N4 | SEC filing | |
| CoBuild Partners | CoBuild Ventures a Series of CoBuild Partners I GP LLC | $10M | DE | SEC filing | |
| Eclipse | Eclipse SPV XVII, L.P. | $10M | CA | SEC filing | |
| 3 Ventures | Rare Vintage Fund a Series of 3 Ventures LLC | $5M | DE | SEC filing | |
| NFC | NFC Fund I SiteOne Series C SPV, LLC | $3.56M | MT | SEC filing | |
| SGV | SGV26, a series of SGV I, LLC | $2.89M | CA | SEC filing | |
| AVSF | AVSF - Lambda 2023, LLC | $2.69M | NH | SEC filing | |
| Preston-Werner Ventures | Preston-Werner Ventures Rolling Fund, LP - B1 | $2.28M | WA | SEC filing | |
| Companyon | FL-1128 Fund II, a series of Companyon Sidecar, LP | $2.16M | WA | SEC filing | |
| Jibe Ventures | Jibe Ventures QP, LP - D1 | $2.09M | WA | SEC filing | |
| New Normal | New Normal Fund, LP - D2 | $2.05M | WA | SEC filing | |
| PT1 HoldCo | PT1 HoldCo LLC | $2M | NY | SEC filing | |
| Siam Capital | Siam Capital PPL I, L.P. | $2M | NY | SEC filing | |
| Avlok Capital | Avlok Capital, LP - D3 | $1.92M | WA | SEC filing | |
| Hyde Park Venture Partners | Hyde Park Venture Partners Fund IV Affiliates, L.P. | $1.9M | IL | SEC filing | |
| BIP Valor | BIP Valor Fund 3-QP, LLC | $1.85M | GA | SEC filing | |
| Victress Capital | Victress Capital Opportunity Fund, LLC - Series Four | $1.74M | MA | SEC filing | |
| Paradox Capital | Paradox Capital, LP - D1 | $1.74M | WA | SEC filing | |
| HRZ Select Tempest | EA-1228 Fund I, a series of HRZ Select Tempest, LP | $1.71M | WA | SEC filing | |
| Unpopular | Unpopular Ventures Preferred, LP - D1 | $1.68M | WA | SEC filing | |
| AllerFund Yumi | AllerFund Yumi SPV2, LLC | $1.65M | NY | SEC filing | |
| Yonder Ventures | Yonder I a Series of Yonder Ventures LLC | $1.51M | DE | SEC filing | |
| Tiferes | Tiferes Triple Whale I LLC | $1.51M | NY | SEC filing | |
| Nucleation Capital | Nucleation Capital, LP - C3 | $1.4M | WA | SEC filing | |
| Vergil Ventures | Vergil Ventures SPV I LP | $1.4M | NJ | SEC filing | |
| Stretford End | Stretford End, LP - C3 | $1.39M | WA | SEC filing | |
| LeFonds by FrenchFounders | LeFonds by FrenchFounders, LP - C4 | $1.39M | WA | SEC filing | |
| Social Leverage | DO-1127 Fund I, a series of Social Leverage Funds, LP | $1.35M | AZ | SEC filing | |
| SuperAngel.vc | SuperAngel.vc QP, LP - D1 | $1.34M | WA | SEC filing | |
| Wonder Ventures | Wonder Ventures IV Sidecar, L.P. | $1.31M | CA | SEC filing | |
| Penultima Capital | Penultima Capital SPV-III, LLC | $1.3M | PA | SEC filing | |
| Alter VC | Alter VC Fund, LP - C2 | $1.25M | WA | SEC filing | |
| Stonks SPVs | Anthropic May 2023 a Series of Stonks SPVs LLC | $1.24M | CA | SEC filing | |
| AVSF | AVSF - Cytovale 2023, LLC | $1.19M | NH | SEC filing | |
| Capital Factory Ventures | Capital Factory Ventures, LP - C4 | $1.19M | WA | SEC filing | |
| Super Boom | NA-1208 Fund I, a series of Super Boom, LP | $1.18M | WA | SEC filing | |
| WF World | WF World Fund I Feeder GmbH & Co. KG | $1.14M | 2M | SEC filing | |
| WF World | WF World Fund I US Feeder GmbH & Co. KG | $1.14M | 2M | SEC filing | |
| Mentors | Mentors Fund II, LP - C3 | $1.14M | WA | SEC filing | |
| PSM Capital | PSM Capital Fund III, LLC | $1.13M | NJ | SEC filing | |
| Nural | Nural Epsilon a Series of Nural Opportunities LLC | $1.12M | DE | SEC filing | |
| JGM IDEA | JGM IDEA, LLC | $1.1M | IL | SEC filing | |
| BZH Atidan | BZH ATIDAN Ventures Opportunities 2, a Series of Vauban Platform LP | $1.08M | DE | SEC filing | |
| Decile | Geek Ventures NewHomesMate SPV, a series of Decile SPV, LLC | $1.08M | NY | SEC filing | |
| LeFonds by FrenchFounders | LeFonds by FrenchFounders, LP - C3 | $1.06M | 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 January 2024. 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.