New venture funds filed in March 2024
116 new venture funds and 246 SPVs filed their first Form D with the SEC in March 2024, with $5.39B in total target capital across the 87 funds that stated a size. The largest was Broadvail Growth Equity FUND IV, L.P. (Broadvail) at $392M; California led with 27 new funds; the most common sponsor sectors were AI & ML (28), Media, Gaming & Creator (14) and Healthcare (13). New fund filings were up 32% from February 2024 (88).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 116
- 88 in February
- New SPVs
- 246
- 228 in February
- Target capital
- $5.39B
- across 87 funds with a stated size
- Median fund
- $23.7M
- offering size
- Largest fund
- $392M
- Broadvail
- Sponsoring firms
- 100
- most in California
What was the largest venture fund filed in March 2024?
Broadvail Growth Equity FUND IV, L.P., sponsored by Broadvail (TX), with a $392M offering, first filed on Mar 29, 2024. The next largest was Sante Health Ventures V, LP (Sante Health Ventures) at $300M.
Which states had the most new venture funds in March 2024?
California (27), New York (14), Massachusetts (14), Texas (9) and Delaware (7), counted by the sponsoring firm's home state. California's new funds target $1.02B in total.
What sectors do the firms behind March's new funds invest in?
AI & ML (28), Media, Gaming & Creator (14), Healthcare (13), Cybersecurity (13) and B2B Software (10) lead, by the sectors each sponsoring firm backs. 47 of the 116 funds come from firms with no sector on record yet.
How many SPVs were filed in March 2024?
246 new SPVs and other deal vehicles filed a first Form D in March 2024, against 116 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does March 2024 compare with February 2024?
116 new funds against 88 (+32%), 246 SPVs against 228, and $5.39B of target capital against $6.75B.
Every new venture fund in March 2024
116 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 |
|---|---|---|---|---|---|
| Broadvail | Broadvail Growth Equity FUND IV, L.P. | $392M | TX | SEC filing | |
| Sante Health Ventures | Sante Health Ventures V, LP | $300M | TX | SEC filing | |
| Transpose | Transpose Platform BOV II, L.P. | $300M | TX | SEC filing | |
| BITKRAFT Ventures | BITKRAFT Ventures Fund III, L.P. | $275M | DE | SEC filing | |
| Saints Secondaries | Saints Secondaries FUND I, LP | $251M | AZ | SEC filing | |
| ABS Capital Partners | ABS Capital Partners IX, L.P. | $250M | DC | SEC filing | |
| UP Ventures | UP Ventures II, L.P. | $230M | CA | SEC filing | |
| Tamarack Global | Tamarack Global Opportunities II, LP | $200M | CT | SEC filing | |
| Pillar | Pillar IV-A, L.P. | $175M | MA | SEC filing | |
| Pillar | Pillar IV-B, L.P. | $175M | MA | SEC filing | |
| Long | Long Journey Fund IV, L.P. | $175M | CA | SEC filing | |
| Monograph Capital Partners | Monograph Capital Partners II, L.P. | $154M | CA | SEC filing | |
| LightShed Ventures | LightShed Ventures Fund II, LP | $150M | NY | SEC filing | |
| BOC Ventures | BOC Ventures Fund II, LP | $150M | NY | SEC filing | |
| Heavybit | Heavybit Holdings V, L.P. | $150M | CA | SEC filing | |
| Saga Ventures | Saga Ventures I, LP | $125M | TX | SEC filing | |
| Lone | Lone Baccata Opportunities Fund 2024-I, L.P. | $105M | CT | SEC filing | |
| Lone | Lone Basin Growth Fund I, L.P. | $100M | CT | SEC filing | |
| Next | Next Ventures II, LP | $100M | TX | SEC filing | |
| Orbit Startups | Orbit Startups III L.P. | $100M | DE | SEC filing | |
| Springrock Ventures | Springrock Ventures III LP | $85M | WA | SEC filing | |
| 1984 Ventures | 1984 Ventures III, L.P. | $75M | NY | SEC filing | |
| PACE Healthcare Capital | PACE Healthcare Capital Fund II, LP | $75M | IL | SEC filing | |
| Relevance Capital | Relevance Capital IV LP | $75M | TX | SEC filing | |
| Colle Capital Partners | Colle Capital Partners III, L.P. | $71.7M | NY | SEC filing | |
| West Acre Capital | West Acre Capital Fund I, L.P. | $70M | CA | SEC filing | |
| Crystal Towers Capital | Crystal Towers Capital II, L.P. | $60M | CA | SEC filing | |
| Boutique Venture Partners | Boutique Venture Partners Fund II, L.P. | $50M | CA | SEC filing | |
| Rockmont | Rockmont GrowthTech Fund I QP, LP | $50M | TN | SEC filing | |
| Bond.AI Venture Capital | Bond.AI Venture Capital Fund I, L.P. | $50M | DE | SEC filing | |
| Transpose | Transpose Platform BOV II Cayman, L.P. | $50M | TX | SEC filing | |
| Low Time Preference | Low Time Preference Fund III LP | $45.7M | TN | SEC filing | |
| Corner | Corner CYS I, LLC | $40.8M | NY | SEC filing | |
| WYO VC | WYO VC Fund I LP | $40M | WY | SEC filing | |
| At One Leaders | At One Leaders I, LP | $39.3M | CA | SEC filing | |
| NV FigureAI Series B QP Partners | NV FigureAI Series B QP Partners LLC | $37.9M | DE | SEC filing | |
| HealthX | HealthX Wisconsin Fund, L.P. | $30M | WI | SEC filing | |
| Zhu Ventures | Zhu Ventures Fund I LP | $30M | CA | SEC filing | |
| Encoded Ventures | Encoded Ventures Fund I, L.P. | $30M | MA | SEC filing | |
| Black Economic Alliance Entrepreneurs | Black Economic Alliance Entrepreneurs Fund, LP | $28.5M | DC | SEC filing | |
| Trenches Capital | Trenches Capital Fund, LP | $25M | DE | SEC filing | |
| Sarah Smith | Sarah Smith Fund I LP | $25M | WA | SEC filing | |
| JFFVentures Economic Mobility | JFFVentures Economic Mobility Fund I LP | $24.5M | MA | SEC filing | |
| Thrive Capital Partners | Thrive Capital Partners VIII Growth-D, LLC | $23.7M | NY | SEC filing | |
| Overline Seed | Overline Seed Fund II, LP | $21M | GA | SEC filing | |
| SOSV Ireland Biomanufacturing | SOSV Ireland Biomanufacturing FUND LP | $20.8M | NJ | SEC filing | |
| E7 Capital | E7 Capital Fund I LP | $20M | MD | SEC filing | |
| Corner | Corner Support FUND, LP | $16.4M | NY | SEC filing | |
| Ten31 Pawn to F4 | Ten31 Pawn to F4 LLC | $16M | TN | SEC filing | |
| Future Africa | Future Africa III LP | $15.2M | DE | SEC filing | |
| Rizvi | Rizvi Energy III LLC | $15M | FL | SEC filing | |
| EGB Capital Ventures | EGB Capital Ventures Fund I, L.P. | $15M | CA | SEC filing | |
| Supercharge.vc | Supercharge.vc Fund I, LP | $15M | TX | SEC filing | |
| Iaso Neuroimpact | Iaso Neuroimpact FUND, L.P. | $15M | MA | SEC filing | |
| InsurTech | InsurTech Fund II L.P. | $15M | PA | SEC filing | |
| Corner | Corner Ventures Selected Fund I, LP | $13.3M | NY | SEC filing | |
| Blue {Seed} Collective | Blue {Seed} Collective III, L.P. | $13.2M | NY | SEC filing | |
| OurCrowd | OurCrowd (Investment in Hailo) L.P. | $12.3M | L3 | SEC filing | |
| HCM S14Ai | HCM S9Aii LP | $10.9M | CA | SEC filing | |
| Duck | Duck Fund 1, LP | $10M | CA | SEC filing | |
| Rizvi | Rizvi Energy IV LLC | $10M | FL | SEC filing | |
| OurCrowd | OurCrowd (Investment in Anthrop) L.P. | $10M | L3 | SEC filing | |
| Ollin Ventures Atom | Ollin Ventures Atom Fund LP | $10M | UT | SEC filing | |
| Lateral Capital | Lateral Capital Opportunity Fund, L.P. | $10M | NJ | SEC filing | |
| Wonder | Wonder Fund IV LLC | $8.76M | WA | SEC filing | |
| ECP Opportunities C1 | ECP O8, LLC | $8.6M | CA | SEC filing | |
| Collective | Collective Liquidity Fund, LP | $7.99M | FL | SEC filing | |
| Red & Blue Wonder | Red & Blue Wonder Annex Fund, LP | $7.28M | PA | SEC filing | |
| Point | Point 406 AI, LLC | $5.48M | MA | SEC filing | |
| BIP Fulcrum | BIP Fulcrum Fund V, LLC | $5.35M | GA | SEC filing | |
| Ten31 Sats & Stats | Ten31 Sats & Stats LLC | $5.32M | TN | SEC filing | |
| IDEA | IDEA Fund IV - NC, LP | $5M | NC | SEC filing | |
| Rockmont | Rockmont GrowthTech Fund I, LP | $5M | TN | SEC filing | |
| Altitude | Altitude Ventures I Follow-On Fund, LP | $5M | TN | SEC filing | |
| Blue Impact | Blue Impact Fund II, LP | $5M | FL | SEC filing | |
| SoCal Catalyst | SoCal Catalyst Fund I, LP | $4.93M | CA | SEC filing | |
| Jordan | Jordan Partners Fund I, LP | $4.08M | NC | SEC filing | |
| M33 Growth | M33 Growth III Employee Co-Investment LLC | $4M | MA | SEC filing | |
| Corner | Corner Leo, LLC | $3.75M | NY | SEC filing | |
| Telescope | Telescope Partners SP III, L.P. | $3.75M | CA | SEC filing | |
| Cota | Cota Opportunities IX, LLC | $3.5M | CA | SEC filing | |
| Corner | Corner MBL I, LLC | $3.5M | NY | SEC filing | |
| SMV | SMV Series LLC Figure Ai-B Series | $3.49M | GA | SEC filing | |
| NV FigureAI Series B Partners | NV FigureAI Series B Partners LLC | $3.26M | DE | SEC filing | |
| Proof | Proof III HLI LLC | $3.15M | VA | SEC filing | |
| Green Flag | Green Flag Fund I, L.P. | $3.08M | CA | SEC filing | |
| Socially Financed | Socially Financed Fund I, LP | $3M | WA | SEC filing | |
| FalconX Ventures | FalconX Ventures Fund I, LP. | — | CA | SEC filing | |
| TCP Figure | TCP Figure, LP | — | CA | SEC filing | |
| IgniteXL Ventures | IgniteXL Ventures II, LP | — | CA | SEC filing | |
| SWaN Media | SWaN Media 2, LLC | — | VA | SEC filing | |
| SWaN Media | SWaN Media 3, LLC | — | VA | SEC filing | |
| Zeitgeist Capital | Zeitgeist Capital I, LP | — | MA | SEC filing | |
| Market Square Ventures | Market Square Ventures Fund I, LP | — | TN | SEC filing | |
| AV US Strategic Tech | AV US Strategic Tech Fund 1, LLC | — | MA | SEC filing | |
| AV Allen Street Ventures | AV Allen Street Ventures Fund 2, LLC | — | MA | SEC filing | |
| AV Deep Tech | AV Deep Tech Fund 5, LLC | — | MA | SEC filing | |
| AV Deep Tech Fund 5Q | AV Deep Tech Fund 5Q, LLC | — | MA | SEC filing | |
| AV Provo Ventures | AV Provo Ventures Fund 2, LLC | — | MA | SEC filing | |
| Third Earth Capital | Third Earth Capital, LP | — | NY | SEC filing | |
| Fortitude Ventures | Fortitude Ventures Fund I, LP | — | CA | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Tweaks LLC | — | CT | SEC filing | |
| Verve Capital | Verve Capital Fund II, LP | — | FL | SEC filing | |
| Alpha Annex Telemed | Alpha Venture Partners Fund II-A, L.P. | — | NY | SEC filing | |
| Los Angeles Venture Partners | Los Angeles Venture Partners | — | CA | SEC filing | |
| Fidelity Venture | Fidelity Venture Capital Fund I LP | — | MA | SEC filing | |
| Lightspeed | Lightspeed W-I, LLC | — | CA | SEC filing | |
| Space.VC | Space.VC Fund II, LP | — | TX | SEC filing | |
| Maccabee Ventures | Maccabee Ventures Fund II, LP | — | NY | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Yummers II LLC | — | CT | SEC filing | |
| HCM S14Ai | HCM S9ai LP | — | CA | SEC filing | |
| Signalfire | SignalFire Early Fund IV, L.P. | — | CA | SEC filing | |
| Signalfire | SignalFire Seed Fund V, L.P. | — | CA | SEC filing | |
| Signalfire | SignalFire XIR Venture Fund II, L.P. | — | CA | SEC filing | |
| Pack Ventures | Pack Ventures II, LP | — | WA | SEC filing | |
| Pack Ventures | Pack Ventures II (QP), LP | — | WA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 27 | 32 | $1.02B |
| New York | 14 | 9 | $561M |
| Massachusetts | 14 | 6 | $429M |
| Texas | 9 | 7 | $1.36B |
| Delaware | 7 | 23 | $506M |
| Tennessee | 7 | 2 | $127M |
| Washington | 6 | 122 | $122M |
| Florida | 5 | 2 | $38M |
| Connecticut | 5 | 1 | $405M |
| Georgia | 3 | 3 | $29.8M |
| Virginia | 3 | 3 | $3.15M |
| Pennsylvania | 2 | 3 | $22.3M |
| North Carolina | 2 | 1 | $9.09M |
| District of Columbia | 2 | 0 | $279M |
| New Jersey | 2 | 0 | $30.8M |
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 | 28 | 59 | $505M |
| Media, Gaming & Creator | 14 | 8 | $900M |
| Healthcare | 13 | 24 | $749M |
| Cybersecurity | 13 | 10 | $745M |
| B2B Software | 10 | 20 | $968M |
| Deep Tech | 10 | 14 | $351M |
| Biotech & Pharma | 8 | 15 | $225M |
| E-commerce & Retail | 6 | 3 | $85M |
| Crypto & Web3 | 5 | 9 | $636M |
| Space | 5 | 8 | $471M |
| Fintech | 5 | 2 | $533M |
| Climate & Energy | 4 | 20 | $225M |
| Consumer | 4 | 5 | $300M |
| Mobility & Logistics | 3 | 52 | $245M |
| Real Estate & PropTech | 3 | 6 | $397M |
New SPVs and deal vehicles in March 2024
The 50 largest of 246; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Broadvail | Broadvail FUND IV Sidecar I, L.P. | $64.9M | TX | SEC filing | |
| Caffeinated Capital | Caffeinated Capital Aven SPV III, LLC | $26M | CO | SEC filing | |
| Explorer34 | Fund II, a series of Explorer34, LP | $19M | WA | SEC filing | |
| avra | avra SPV I LP | $15M | CA | SEC filing | |
| Altitude | Altitude On3 SPV-3, LLC | $10M | TN | SEC filing | |
| Nexus NeuroTech | Nexus Neurotech SPV I, L.P. | $8.13M | CA | SEC filing | |
| GSBackers Auradine | GSBackers Auradine Fund I a Series of CGF2021 LLC | $4.81M | DE | SEC filing | |
| LBS Investments | W24, a series of LBS Investments I, LP | $4.13M | WA | SEC filing | |
| MP Frontier Venture | MP Frontier Venture Fund Co-Invest 1 LP | $4.1M | NY | SEC filing | |
| Neotribe Ventures | Neotribe SPV II AN, LLC | $3.77M | CA | SEC filing | |
| Lunch Pail | IN-0125 Fund I, a series of Lunch Pail Ventures, LP | $3.1M | WA | SEC filing | |
| FJ Labs | FI-0330 Fund II, a series of FJ Labs Funds, LP | $3.01M | NY | SEC filing | |
| SeaX Zero | SeaX Zero L.P. | $2.9M | CA | SEC filing | |
| Saraswati-RA | Saraswati-RA-0220 Fund I, a series of AngelList Funds 2024, LP | $2.79M | WA | SEC filing | |
| Anchor Capital | Plant Prefab a Series of Anchor Capital GP II LLC | $2.77M | MA | SEC filing | |
| Mana Ventures | FAI Fund I, a series of Mana Ventures Funds, LP | $2.75M | WA | SEC filing | |
| Anchor Capital | Plant Pref II Mar 24 a Series of Anchor Capital GP II LLC | $2.61M | MA | SEC filing | |
| Oval Park | Oval Park SPV Medicom3 LLC | $2.5M | NC | SEC filing | |
| SciFounders | SciFounders I Opportunity Fund, LP | $2.5M | CA | SEC filing | |
| Suffolk Technologies | Suffolk Technologies M24, L.P. | $2.5M | MA | SEC filing | |
| JJ Fliegelman | W24, a series of JJ Fliegelman Funds, LP | $2.5M | WA | SEC filing | |
| SCVC | Fund XLII, a series of SCVC Advisors, LP | $2.49M | CA | SEC filing | |
| AmTru | AmTru Figure Ventures, LP | $2.02M | CA | SEC filing | |
| THVC | THVC (All Bridge), LLC | $2M | CA | SEC filing | |
| What If Ventures | Kindbody 2024 a Series of What If Ventures Master LLC | $1.97M | DE | SEC filing | |
| MAV Alternate | MAV OpenAI Fund I, a series of MAV Alternate Investments, LP | $1.92M | WA | SEC filing | |
| MAV Alternate | XAI Alternate Fund, a series of MAV Alternate Investments, LP | $1.91M | WA | SEC filing | |
| First Row Partners | First Row Partners Fund II, LP | $1.9M | WA | SEC filing | |
| FR22 | FR22 Fund I, a series of Roll Up Vehicles, LP | $1.86M | WA | SEC filing | |
| BIP Fulcrum | BIP Fulcrum Fund V-QP, LLC | $1.8M | GA | SEC filing | |
| Rhone VC | ANT2, a series of Rhone VC, LP | $1.74M | CA | SEC filing | |
| Sound Media Ventures | Sound Media Ventures Fund II, LP | $1.73M | GA | SEC filing | |
| Avlok Capital | Avlok Capital, LP - D2 | $1.73M | WA | SEC filing | |
| SV Skyloom | SV Skyloom Coinvest, LLC | $1.72M | CA | SEC filing | |
| SGV | SGV27, a series of SGV I, LLC | $1.69M | CA | SEC filing | |
| Star Castle Ventures VC | Star Castle Ventures VC, LP - Wilder Systems Convert | $1.6M | TX | SEC filing | |
| SCVC | Fund XXXVIII, a series of SCVC Advisors, LP | $1.57M | CA | SEC filing | |
| Avlok Capital | Avlok Capital, LP - D1 | $1.53M | WA | SEC filing | |
| SCVC | Fund XXXVII, a series of SCVC Advisors, LP | $1.51M | CA | SEC filing | |
| Cross Impact Capital | Cross Impact Capital, LP | $1.45M | MA | SEC filing | |
| Okeanos | Okeanos Venture Partners II Llc-Series 117 | $1.39M | VA | SEC filing | |
| SCVC | Fund XXXIX, a series of SCVC Advisors, LP | $1.34M | CA | SEC filing | |
| SCVC | Fund XLVI, a series of SCVC Advisors, LP | $1.33M | CA | SEC filing | |
| Irving | Irving Investors CA Privates I, LP | $1.3M | CA | SEC filing | |
| OCV Partners | OCV Partners Fund I, LLC | $1.3M | CA | SEC filing | |
| Denver Angels | Vartega 17F2 a Series of Denver Angels LLC | $1.3M | CO | SEC filing | |
| 18W Quantum | 18W Quantum Opportunity Fund I, L.P. | $1.25M | CA | SEC filing | |
| BHC PF | BHC TV Co-Invest, LLC | $1.2M | VA | SEC filing | |
| Hayden Investment Group | Hayden Investment Group 3 a Series of CGF2021 LLC | $1.19M | DE | SEC filing | |
| AVSF | AVSF - Pendulum 2024, LLC | $1.17M | 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 March 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.