New venture funds filed in February 2024
88 new venture funds and 228 SPVs filed their first Form D with the SEC in February 2024, with $6.75B in total target capital across the 67 funds that stated a size. The largest was ARCH Venture Fund XIII, L.P. (ARCH Venture) at $3B; California led with 23 new funds; the most common sponsor sectors were AI & ML (14), Healthcare (11) and Biotech & Pharma (9). New fund filings were up 4% from January 2024 (85).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 88
- 85 in January
- New SPVs
- 228
- 322 in January
- Target capital
- $6.75B
- across 67 funds with a stated size
- Median fund
- $21M
- offering size
- Largest fund
- $3B
- ARCH Venture
- Sponsoring firms
- 79
- most in California
What was the largest venture fund filed in February 2024?
ARCH Venture Fund XIII, L.P., sponsored by ARCH Venture (IL), with a $3B offering, first filed on Feb 1, 2024. The next largest was Curie Bio Series A Fund I, L.P. (Curie Bio) at $377M.
Which states had the most new venture funds in February 2024?
California (23), New York (15), Washington (8), Massachusetts (8) and Texas (6), counted by the sponsoring firm's home state. California's new funds target $864M in total.
What sectors do the firms behind February's new funds invest in?
AI & ML (14), Healthcare (11), Biotech & Pharma (9), B2B Software (6) and Space (5) lead, by the sectors each sponsoring firm backs. 47 of the 88 funds come from firms with no sector on record yet.
How many SPVs were filed in February 2024?
228 new SPVs and other deal vehicles filed a first Form D in February 2024, against 88 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does February 2024 compare with January 2024?
88 new funds against 85 (+4%), 228 SPVs against 322, and $6.75B of target capital against $5.78B.
Every new venture fund in February 2024
88 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 |
|---|---|---|---|---|---|
| ARCH Venture | ARCH Venture Fund XIII, L.P. | $3B | IL | SEC filing | |
| Curie Bio | Curie Bio Series A Fund I, L.P. | $377M | MA | SEC filing | |
| Inspired Capital | Inspired Capital Partners III, L.P. | $330M | NY | SEC filing | |
| Savory Fund III Blocked | Savory Fund III Blocked LP | $250M | UT | SEC filing | |
| CIV TNC | CIV Fund One, L.P. | $200M | CA | SEC filing | |
| Alpha Annex Telemed | Alpha Ventures Fund I LP | $200M | NY | SEC filing | |
| T.Rx Capital | T.Rx Capital Fund I, LP | $175M | MA | SEC filing | |
| Alt Capital | Alt Capital I, L.P. | $150M | CA | SEC filing | |
| Pioneer Pier Investments | Pioneer Pier Investments, L.P. | $150M | NY | SEC filing | |
| Activate Ventures | Activate Ventures III LP | $150M | PA | SEC filing | |
| Permanent Capital Ventures | Permanent Capital Ventures Fund I, LP | $120M | IL | SEC filing | |
| MVP | MVP Ventures II-QP LP | $120M | CA | SEC filing | |
| Picture Capital | Picture Capital Fund I, L.P. | $112M | NJ | SEC filing | |
| Maverick Ventures Cycle 4 Serial | Maverick Ventures Cycle 4 Serial Fund, L.P. | $103M | TX | SEC filing | |
| Causeway Partners | Causeway Partners III, L.P. | $100M | MA | SEC filing | |
| Column | Column Group-Neuro II, LP | $100M | CA | SEC filing | |
| Agent Capital | Agent Capital Fund III LP | $100M | MA | SEC filing | |
| Accion | Accion Venture Lab Fund II, LP | $80M | DC | SEC filing | |
| Point | Point 406 Ventures Opportunities Fund III, L.P. | $50M | MA | SEC filing | |
| Homebrew | Homebrew Ventures V, L.P. | $50M | CA | SEC filing | |
| Halcyon | Halcyon Fund II LP | $50M | DC | SEC filing | |
| LeVert Ventures | LeVert Ventures, LP | $50M | NC | SEC filing | |
| Upekkha Accelerator | Upekkha Accelerator Fund I, LP | $40M | WA | SEC filing | |
| Humba | Humba II, L.P. | $40M | CA | SEC filing | |
| Alliance | Alliance Delaware Feeder III LP | $39.5M | NY | SEC filing | |
| Hampton River | Hampton River Holdings LLC | $36M | TX | SEC filing | |
| Genius Ventures | Genius Ventures Founding Fund I, LP | $34.5M | CA | SEC filing | |
| Refract Ventures | Refract Ventures Fund I, L.P. | $30.9M | NY | SEC filing | |
| Alliance | Alliance Cayman Feeder III LP | $30.4M | NY | SEC filing | |
| Congruent | Congruent Cosine Fund II, LP | $30M | CA | SEC filing | |
| Lookout Ventures | Lookout Ventures I, LP | $30M | MD | SEC filing | |
| Nomad Ventures | Nomad Ventures Fund II, LP | $30M | CA | SEC filing | |
| Orion Industrial Ventures | Orion Industrial Ventures Fund I LP | $23.3M | NY | SEC filing | |
| TWH Americas | TWH Americas Fund I, LP | $21M | CA | SEC filing | |
| Gatsby | Gatsby Rocket X, LP | $20.2M | TX | SEC filing | |
| Stretford End | Stretford End Fund I, L.P. | $20M | WA | SEC filing | |
| 82VS Seed | 82VS Seed Fund, LP | $20M | MA | SEC filing | |
| Script Capital | Script Capital III, L.P. | $20M | CA | SEC filing | |
| Catholic | Catholic Fund I, LP | $20M | PA | SEC filing | |
| Never Lift VC | Never Lift VC, L.P. | $20M | NY | SEC filing | |
| Vertera | Vertera L.L.C. | $15M | WY | SEC filing | |
| DHVP | DHVP I, LP | $15M | MD | SEC filing | |
| Streamlined | Streamlined Opportunity Fund F, LLC | $15M | CA | SEC filing | |
| TWO Bear Capital SEED | TWO Bear Capital SEED FUND I, LP | $12.9M | MT | SEC filing | |
| Simple Capital Diversified Assets | Simple Capital Diversified Assets, LLC | $12.1M | NY | SEC filing | |
| Cavu | CAVU BKN Investors LP | $10.5M | NY | SEC filing | |
| Millennia Capital | Millennia Capital Fund, LP | $10M | NY | SEC filing | |
| MVP | MVP Ventures II-AI LP | $10M | CA | SEC filing | |
| Latitude | Latitude Opportunities I, L.P. | $10M | CA | SEC filing | |
| Runway | Runway Fund 1, LP | $10M | NY | SEC filing | |
| Startup Haven | Startup Haven Fund II, LP | $10M | WA | SEC filing | |
| Serac Ventures | Serac Ventures I, LP | $9.73M | OK | SEC filing | |
| Powerhouse PSH1 | Powerhouse PSH1 LLC | $9.13M | CA | SEC filing | |
| Plexo Capital | Plexo Capital Antropico, LLC | $8M | CA | SEC filing | |
| Day One Ventures | Day One Ventures Fund III, L.P. | $7.44M | TX | SEC filing | |
| LGVP | LGVP MS, LP | $6.44M | NY | SEC filing | |
| Define Ventures | Define Ventures Select I, L.P. | $6.2M | CA | SEC filing | |
| TipTop Ventures | TipTop Ventures Fund I, LP | $5.67M | TX | SEC filing | |
| Karman Ventures | Karman Ventures Rocket II, LP | $5.21M | WA | SEC filing | |
| Eagle Venture | Eagle Venture Fund IV, LP | $5.12M | TX | SEC filing | |
| Odyssey Venture | Odyssey Venture Funds II, LP - I | $5M | WA | SEC filing | |
| Alpha Edison | Alpha Edison Westwood XIX, L.L.C. | $5M | CA | SEC filing | |
| ViDi Alpha | ViDi Alpha LLC | $5M | CA | SEC filing | |
| NV FigureAI Partners | NV FigureAI Partners, LLC | $4.72M | FL | SEC filing | |
| Balaji | Balaji Rolling Fund, LP - B1 | $4.31M | WA | SEC filing | |
| Leore Avidar | Leore Avidar Angel Investments VI, LP - B2 | $3.77M | WA | SEC filing | |
| Level Ventures | Level Ventures Opportunities V, L.P. | $3.28M | FL | SEC filing | |
| Bascom Ventures | Bascom Ventures Fund 7, LLC | — | NH | SEC filing | |
| MaC Venture Capital | MaC Venture Capital III, LP | — | CA | SEC filing | |
| MaC Venture Capital | MaC Venture Capital Select Fund I, LP | — | CA | SEC filing | |
| Ring Ventures | Ring Ventures Fund 4, LLC | — | MA | SEC filing | |
| Yard Ventures | Yard Ventures Fund 9, LLC | — | NH | SEC filing | |
| Yard Ventures | Yard Ventures Fund 9Q, LLC | — | NH | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Cyabra LLC | — | CT | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Datasya LLC | — | CT | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Leo II LLC | — | CT | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Leo LLC | — | CT | SEC filing | |
| Thundermark Capital | Thundermark Capital Fund I LP | — | PR | SEC filing | |
| Varana | Varana All-Access Fund I, LP | — | CO | SEC filing | |
| 82VS Seed | 82VS Seed Fund I, LP | — | MA | SEC filing | |
| Permanent Capital Ventures | Permanent Capital Ventures Fund I-A, LP | — | IL | SEC filing | |
| MWF | MWF 1, LP | — | NY | SEC filing | |
| Dnipro | Dnipro Fund I, LP | — | DE | SEC filing | |
| Waybury | Waybury Opportunity IIQ, LP | — | CA | SEC filing | |
| Parameter Ventures | Parameter Ventures Opportunities LP | — | NY | SEC filing | |
| Reforge | Reforge Fund I, LP | — | FL | SEC filing | |
| Gutter | Gutter NYS SSBCI Fund, LP | — | WA | SEC filing | |
| Sound Ventures | Sound Ventures AI Co-Investment A, L.P. | — | CA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 23 | 21 | $864M |
| New York | 15 | 9 | $873M |
| Washington | 8 | 119 | $88.3M |
| Massachusetts | 8 | 2 | $822M |
| Texas | 6 | 4 | $177M |
| Connecticut | 4 | 1 | — |
| Florida | 3 | 8 | $8M |
| Illinois | 3 | 4 | $3.12B |
| New Hampshire | 3 | 3 | — |
| Pennsylvania | 2 | 2 | $170M |
| District of Columbia | 2 | 1 | $130M |
| Maryland | 2 | 0 | $45M |
| Delaware | 1 | 28 | — |
| Utah | 1 | 3 | $250M |
| Colorado | 1 | 1 | — |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 47 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 14 | 57 | $792M |
| Healthcare | 11 | 17 | $3.72B |
| Biotech & Pharma | 9 | 13 | $3.89B |
| B2B Software | 6 | 21 | $533M |
| Space | 5 | 10 | $32.9M |
| Deep Tech | 4 | 8 | $138M |
| Hardware & Robotics | 4 | 7 | $51M |
| Food & Agriculture | 3 | 23 | $9.73M |
| Consumer | 3 | 7 | $391M |
| Fintech | 3 | 3 | $420M |
| Developer Tools | 3 | 1 | $130M |
| Mobility & Logistics | 2 | 56 | — |
| Climate & Energy | 2 | 25 | $53.3M |
| Cybersecurity | 2 | 9 | $250M |
| Media, Gaming & Creator | 2 | 7 | $108M |
New SPVs and deal vehicles in February 2024
The 50 largest of 228; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Orion Industrial Ventures | Orion Industrial Ventures (Offshore) Fund I LP | $19.7M | NY | SEC filing | |
| BFF DB | BFF DB Co-Invest Ltd | $17.4M | D8 | SEC filing | |
| OpenAI Startup | OpenAI Startup Fund SPV I, L.P. | $10M | CA | SEC filing | |
| Mother Ventures | Fund I, a series of Mother Ventures, LP | $10M | WA | SEC filing | |
| JCG Venture Partners | JCG Venture Partners I a Series of JCG Venture Partners LLC | $5M | DE | SEC filing | |
| Gandhi Capital | Gandhi AI Fund 1, a series of Gandhi Capital, LP | $5M | WA | SEC filing | |
| Warren Point | Moximed Jan 2024 a Series of Warren Point Funds LLC | $4.22M | DE | SEC filing | |
| MoSe | MoSe G.O.A.T. Fuel 2023 SPV LLC | $4.17M | TX | SEC filing | |
| Maple | Maple SPV C, LLC | $4M | CA | SEC filing | |
| Walkabout Ventures | Walkabout Ventures SPV V, LP | $3M | CA | SEC filing | |
| VentureUs | VentureUs Fund I a Series of VentureUs LLC | $3M | WA | SEC filing | |
| AVSF | AVSF - Yassir 2023, LLC | $2.98M | NH | SEC filing | |
| Karman Ventures | Karman Ventures Rocket I, LP | $2.94M | WA | SEC filing | |
| RET Ventures | RET Ventures Affiliates III, L.P. | $2.9M | UT | SEC filing | |
| Factorial Perplexity | Factorial Perplexity, LP | $2.89M | SD | SEC filing | |
| Chris Golda Investments | W24, a series of Chris Golda Investments, LP | $2.88M | WA | SEC filing | |
| RET Ventures | RET Ventures Associates III, L.P. | $2.81M | UT | SEC filing | |
| Swift | Swift Ventures GrayMatter Robotics SPV1, LLC | $2.79M | CA | SEC filing | |
| Florence Cap | Florence Capital SPV VII LLC a Series of Florence Cap LLC | $2.65M | DE | SEC filing | |
| Colosseum One US | Colosseum One US LP | $2.55M | DE | SEC filing | |
| Moderne | Moderne CoInvest Fund X - Notarize LLC | $2.52M | IL | SEC filing | |
| Capital Factory All | 2024 Fund, a series of Capital Factory All Access, LP | $2.5M | OR | SEC filing | |
| Heretic | Heretic Arcade SPV 2, LP | $2.5M | CA | SEC filing | |
| Kairos | Kairos-Provivi SPV, L.P. | $2.37M | CA | SEC filing | |
| MV Oa | MV OA Fund I, LP | $2.36M | CA | SEC filing | |
| LES | LES Co-Invest I LP | $2.35M | MN | SEC filing | |
| Opulentia Ventures | OPX 02.2024 AI 01 a Series of Opulentia Ventures LLC | $2.07M | VA | SEC filing | |
| C-Cap | C-Cap 1, LP | $2.02M | VT | SEC filing | |
| Swift | Swift Ivy I, LLC | $2M | CA | SEC filing | |
| K5 Tech | K5 Tech Fund I, LP - Series 104 | $2M | FL | SEC filing | |
| Swift | Swift Ventures Arize SPV1 LP | $1.96M | CA | SEC filing | |
| Bochi HVMN Partners | Bochi HVMN Partners, a Series of Vauban Platform LP | $1.94M | DE | SEC filing | |
| NV Flex Storage Partners | NV Flex Storage Partners, LLC | $1.91M | FL | SEC filing | |
| Stena FintechX Studio | Stena FintechX Studio Fund I, L.P. | $1.86M | UT | SEC filing | |
| Coelius Capital | Coelius Capital SPV, LP | $1.8M | WA | SEC filing | |
| BHC PF | BHC RD Co-Invest, LLC | $1.78M | VA | SEC filing | |
| OVP | Ovp-Gamalon LLC | $1.78M | PA | SEC filing | |
| Anomaly Venture | Fund I, a series of Anomaly Venture Fund, LP | $1.72M | WA | SEC filing | |
| CLO3D 3D Fashion | CLO3D 3D Fashion Holdings, LP | $1.59M | FL | SEC filing | |
| Fog Venture | APBC I, a series of FOG Venture Funds II, LP | $1.56M | WA | SEC filing | |
| Wisdom Partners | FU-1107 Fund II, a series of Wisdom Partners, LP | $1.51M | WA | SEC filing | |
| V0 Fund 3.4.1 | V0 Fund 3.4.1, LP | $1.5M | CA | SEC filing | |
| Composed Ventures | Composed Ventures, LP - I | $1.46M | WA | SEC filing | |
| Denver Angels | Vartega 17F2 II a Series of Denver Angels LLC | $1.35M | CO | SEC filing | |
| ONEVC Inv Special | ONEVC Inv Special Opportunity LLC | $1.3M | D5 | SEC filing | |
| ONEVC Inv Special | ONEVC H Special Opportunity LLC | $1.29M | D5 | SEC filing | |
| AVSF | AVSF - Atom Computing 2023, LLC | $1.19M | NH | SEC filing | |
| Jibe Ventures | EX-0120 Fund I, a series of Jibe Ventures SPV, LP | $1.15M | WA | SEC filing | |
| OVP | OVP-Airvine LLC | $1.11M | PA | SEC filing | |
| Giant Step Capital | RE-0202 Fund I, a series of Giant Step Capital, LP | $1.09M | 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 February 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.