New venture funds filed in May 2024
124 new venture funds and 273 SPVs filed their first Form D with the SEC in May 2024, with $5.47B in total target capital across the 83 funds that stated a size. The largest was Accel London VIII L.P. (Accel) at $650M; California led with 38 new funds; the most common sponsor sectors were AI & ML (33), B2B Software (14) and Biotech & Pharma (10). New fund filings were up 1% from April 2024 (123).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 124
- 123 in April
- New SPVs
- 273
- 370 in April
- Target capital
- $5.47B
- across 83 funds with a stated size
- Median fund
- $17M
- offering size
- Largest fund
- $650M
- Accel
- Sponsoring firms
- 110
- most in California
What was the largest venture fund filed in May 2024?
Accel London VIII L.P., sponsored by Accel (CA), with a $650M offering, first filed on May 14, 2024. The next largest was Centana Growth Partners III, L.P. (Centana) at $600M.
Which states had the most new venture funds in May 2024?
California (38), New York (18), New Hampshire (12), Massachusetts (11) and Texas (9), counted by the sponsoring firm's home state. California's new funds target $2.32B in total.
What sectors do the firms behind May's new funds invest in?
AI & ML (33), B2B Software (14), Biotech & Pharma (10), Healthcare (10) and Fintech (7) lead, by the sectors each sponsoring firm backs. 62 of the 124 funds come from firms with no sector on record yet.
How many SPVs were filed in May 2024?
273 new SPVs and other deal vehicles filed a first Form D in May 2024, against 124 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does May 2024 compare with April 2024?
124 new funds against 123 (+1%), 273 SPVs against 370, and $5.47B of target capital against $5.94B.
Every new venture fund in May 2024
124 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 |
|---|---|---|---|---|---|
| Accel | Accel London VIII L.P. | $650M | CA | SEC filing | |
| Centana | Centana Growth Partners III, L.P. | $600M | NY | SEC filing | |
| Aditum Bio | Aditum Bio Fund 3, L.P. | $400M | CA | SEC filing | |
| Valar | Valar Fund IX LP | $300M | NY | SEC filing | |
| Rethink Impact | Rethink Impact III, LP | $260M | NY | SEC filing | |
| BOLD Longevity Growth | BOLD Longevity Growth Fund LP | $200M | MA | SEC filing | |
| Future Ventures AI | Future Ventures AI, LLC | $169M | CA | SEC filing | |
| Screendoor | Screendoor Fund I, L.P. | $150M | MD | SEC filing | |
| iSeed Ventures | iSeed Ventures Fund IV, L.P. | $150M | CA | SEC filing | |
| Serra Capital Ag Tech | Serra Capital Ag Tech Fund II, L.P. | $150M | IL | SEC filing | |
| Harlem Capital Partners Venture | Harlem Capital Partners Venture Fund III, LP | $150M | NY | SEC filing | |
| BEV Follow-On | BEV Follow-On Fund I, LLC | $150M | MA | SEC filing | |
| Zetta | Zetta Venture Partners IV, L.P. | $150M | CA | SEC filing | |
| Counterpart Ventures | Counterpart Ventures Fund III, L.P. | $125M | CA | SEC filing | |
| Breakout Ventures | Breakout Ventures III, L.P. /DE | $102M | CA | SEC filing | |
| DFJ Growth | DFJ Growth AI Investors, L.P. | $101M | CA | SEC filing | |
| Social Leverage | Social Leverage Capital Fund V, L.P. | $100M | AZ | SEC filing | |
| Gigafund | Gigafund 0.25, LP | $100M | TX | SEC filing | |
| Teamworthy Ventures | Teamworthy Ventures IV LP | $100M | TN | SEC filing | |
| Cannage Capital | Cannage Capital I, L.P. | $100M | NV | SEC filing | |
| New Form Capital | New Form Capital III, L.P. | $100M | FL | SEC filing | |
| Vertical Venture Partners | Vertical Venture Partners IV, L.P. | $100M | CA | SEC filing | |
| Mirae Asset | Mirae Asset Gaia Fund I, LP | $96.2M | NY | SEC filing | |
| Health Velocity Capital | Health Velocity Capital IVX Special Situation Fund, L.P. | $56.9M | CA | SEC filing | |
| Popstar Ventures | Popstar Ventures Fund I, LP | $50M | NY | SEC filing | |
| First ORDER | First ORDER FUND LP | $50M | PA | SEC filing | |
| Honeystone Ventures | Honeystone Ventures Fund II LP | $50M | CA | SEC filing | |
| Class | Class 5 Global Fund I, L.P. | $38.7M | NY | SEC filing | |
| Inning One Ventures | Inning One Ventures II, L.P. | $35.5M | NY | SEC filing | |
| Tribe Capital | Tribe Capital AI Fund I, L.P. | $35M | CA | SEC filing | |
| Perceptive Ventures | Perceptive Ventures Fund 1, LP | $30M | CA | SEC filing | |
| Active Capital | Active Capital III, L.P. | $28.3M | TX | SEC filing | |
| Fitz Gate Ventures | Fitz Gate Ventures III, L.P. | $26.7M | TX | SEC filing | |
| 8VC AI | 8VC AI Fund I, LLC | $24.5M | TX | SEC filing | |
| Valor | Valor Opportunity Fund II Brazil, LLC | $24.2M | IL | SEC filing | |
| Iron Pillar India | Iron Pillar India Fund II, LLC | $22.6M | NY | SEC filing | |
| Learn Capital | Learn Capital IV Special Opportunities XI LLC | $21M | TX | SEC filing | |
| MNH | MNH Access Fund 1, LLC | $20M | NY | SEC filing | |
| Eudemian Ventures | Eudemian Ventures Fund II, LP | $20M | CA | SEC filing | |
| CRV | CRV Select II-V, LP | $20M | CA | SEC filing | |
| VitalStage Ventures | VitalStage Ventures Paradigm AI Fund, LP - I | $20M | WA | SEC filing | |
| Arche Capital | Arche Capital Venture Fund I LP | $17M | TX | SEC filing | |
| Accel | Accel XVI Entrepreneurs L.P. | $16.6M | CA | SEC filing | |
| Platform Cohort | Platform Cohort 2025 LLC | $16M | CA | SEC filing | |
| Tachles VC | Tachles VC Fund I, LP | $15M | GA | SEC filing | |
| Regatta Sling Ventures | Regatta Sling Ventures Fund I, LP | $15M | CA | SEC filing | |
| Regatta Sling Ventures | Regatta Sling Ventures Fund I QP, LP | $15M | CA | SEC filing | |
| Seguin Ventures | Seguin Ventures Fund I LP | $15M | ME | SEC filing | |
| Island Green | Island Green X LP | $15M | CA | SEC filing | |
| LGF Melodic Possibility | LGF Melodic Possibility, L.P. | $15M | CA | SEC filing | |
| Pelion | Pelion Ventures VIII-C, L.P. | $12.9M | UT | SEC filing | |
| Rt-Ai | Rt-Ai IV LLC | $12M | FL | SEC filing | |
| Catalio | Catalio Genesis Fund V, LLC | $11.5M | NY | SEC filing | |
| Epic | Epic FastWave Ventures A LLC | $11M | CA | SEC filing | |
| Inception Studio Capital | Inception Studio Capital Fund I, LP | $10M | CA | SEC filing | |
| Okeanos | Okeanos Vintage FUND I, LP | $10M | VA | SEC filing | |
| Fireroad Ventures | Fireroad Ventures Fund I, LLC | $10M | OH | SEC filing | |
| MWLSV Epic-Games | MWLSV Epic-Games-IV, LLC | $10M | CA | SEC filing | |
| Humain Ventures | Humain Ventures Fund I, LP | $10M | TX | SEC filing | |
| Team Ignite | Team Ignite YC Fund II, LP | $10M | CA | SEC filing | |
| SuccessVP | SuccessVP Fund I, LP | $10M | HI | SEC filing | |
| Va SSBCI VVC | VA SSBCI VVC Fund II, LP | $10M | VA | SEC filing | |
| Cape Fear BioCapital | Cape Fear BioCapital Fund I, LP | $9.5M | NC | SEC filing | |
| Forum Ventures | Forum Ventures Studio Fund I, L.P. | $9.4M | NY | SEC filing | |
| Quid Chain | Quid Chain, LP | $9.38M | CA | SEC filing | |
| LCV | LCV 2022 10 LLC | $8.21M | NY | SEC filing | |
| ACP | ACP Opportunities IV LLC | $7.72M | TN | SEC filing | |
| Focal Ventures | Focal Ventures II, LP | $7.66M | FL | SEC filing | |
| JStar | JStar Capital Investments I, LLC | $6M | TX | SEC filing | |
| Epic | Epic FastWave Ventures LLC | $5.84M | CA | SEC filing | |
| Rt-Ai | Rt-Ai II LLC | $5.21M | FL | SEC filing | |
| Critical Venture Partners | Critical Venture Partners Fund I, L.P. | $5.15M | NY | SEC filing | |
| Oncology Ventures | Oncology Ventures Fund I-A LP | $5.01M | FL | SEC filing | |
| Pachamama Ventures | Pachamama Ventures Fund I, LP | $5M | CA | SEC filing | |
| Autopilot Horizon | Autopilot Horizon I LLC | $5M | NY | SEC filing | |
| Sunday Ventures | Sunday Ventures Fund I LP | $5M | CA | SEC filing | |
| Taproot Venture Partners | Taproot Venture Partners I, LP | $5M | WA | SEC filing | |
| Curie Bio | Curie Bio Series A Fund I-A, L.P. | $5M | MA | SEC filing | |
| Artemis Female | Artemis Female Fund II-VA, L.P. | $4M | TX | SEC filing | |
| Turner&Clydes | Turner&Clydes LP | $4M | MD | SEC filing | |
| LGF Melodic Possibility | LGF Fresh Resolution, L.P. | $4M | CA | SEC filing | |
| Athos | ATHOS Venture Fund I, LP | $3.88M | UT | SEC filing | |
| Athos | ATHOS Growth Fund I, LP | $3.75M | UT | SEC filing | |
| Zeitgeist Capital | Zeitgeist Capital II, LP | — | MA | SEC filing | |
| Zeev Ventures | Zeev Ventures X, L.P. | — | CA | SEC filing | |
| Congress Avenue Ventures | Congress Avenue Ventures Fund 6, LLC | — | NH | SEC filing | |
| HCM S14Ai | HCM S5A LP | — | CA | SEC filing | |
| BHB | BHB Fund I, LP | — | CA | SEC filing | |
| KQ Partners | KQ Partners II LP | — | CA | SEC filing | |
| KQ Partners | KQ Partners LP | — | CA | SEC filing | |
| Protagonist | Protagonist AI LP | — | FL | SEC filing | |
| FPG Ad | FPG Ad Claritas I, LP | — | IL | SEC filing | |
| FPG Ad | FPG Ad Claritas II, LP | — | IL | SEC filing | |
| IVC | IVC Fund II, L.P. | — | F5 | SEC filing | |
| Series | Series IV of Dovetail Investment Group, LLC | — | NY | SEC filing | |
| Waterman Ventures | Waterman Ventures Fund 5, LLC | — | NH | SEC filing | |
| Castor Ventures | Castor Ventures Fund 9, LLC | — | NH | SEC filing | |
| Castor Ventures | Castor Ventures Fund 9Q, LLC | — | NH | SEC filing | |
| Congress Avenue Ventures | Congress Avenue Ventures Fund 6Q, LLC | — | NH | SEC filing | |
| GRCF2 LineLeap | GRCF2 LineLeap SPV1 LP | — | CA | SEC filing | |
| Hustle&Trust | Hustle&Trust Fund I, LP | — | CA | SEC filing | |
| Breakout Ventures | Breakout Ventures III, L.P. | — | CA | SEC filing | |
| Chestnut Street Ventures | Chestnut Street Ventures 8Q, LLC | — | NH | SEC filing | |
| Chestnut Street Ventures | Chestnut Street Ventures Fund 8, LLC | — | NH | SEC filing | |
| LSPV | LSPV III LP | — | NY | SEC filing | |
| Vicus Ventures | Vicus Ventures Fund 1 LP | — | NY | SEC filing | |
| Robot Ventures | Robot Ventures Fund IV Feeder, LP | — | OR | SEC filing | |
| Robot Ventures | Robot Ventures Fund IV, LP | — | OR | SEC filing | |
| Green D Ventures | Green D Ventures Fund 11, LLC | — | MA | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Cargoseer II LLC | — | CT | SEC filing | |
| Automotive Ventures | Automotive Ventures Mobility Fund II, LP | — | GA | SEC filing | |
| Clubhouse Capital | Clubhouse Capital Group LLC | — | MI | SEC filing | |
| Green D Ventures Fund 11Q | Green D Ventures Fund 11Q, LLC | — | MA | SEC filing | |
| Spike Ventures | Spike Ventures Fund 8, LLC | — | NH | SEC filing | |
| Spike Ventures | Spike Ventures Fund 8Q, LLC | — | NH | SEC filing | |
| 116 Street Ventures | 116 Street Ventures Fund 6, LLC | — | MA | SEC filing | |
| Av AI | AV AI Fund 5, LLC | — | NH | SEC filing | |
| AV AI Fund 5Q | AV AI Fund 5Q, LLC | — | MA | SEC filing | |
| Av Cio | AV CIO Select Fund 4, LLC | — | MA | SEC filing | |
| AV CIO Select Fund 4Q | AV CIO Select Fund 4Q, LLC | — | MA | SEC filing | |
| Triphammer Ventures | Triphammer Ventures Fund 7, LLC | — | NH | SEC filing | |
| Westwood Ventures | Westwood Ventures Fund 5, LLC | — | MA | SEC filing | |
| AV Bleecker Street Ventures | AV Bleecker Street Ventures Fund 3, LLC | — | NH | SEC filing | |
| Oceana Ventures | Oceana Ventures, LP | — | FL | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 38 | 27 | $2.32B |
| New York | 18 | 24 | $1.61B |
| New Hampshire | 12 | 5 | — |
| Massachusetts | 11 | 6 | $355M |
| Texas | 9 | 10 | $238M |
| Florida | 7 | 4 | $130M |
| Illinois | 4 | 2 | $174M |
| Utah | 3 | 2 | $20.5M |
| Washington | 2 | 109 | $25M |
| Maryland | 2 | 1 | $154M |
| Virginia | 2 | 1 | $20M |
| Georgia | 2 | 0 | $15M |
| Oregon | 2 | 0 | — |
| Tennessee | 2 | 0 | $108M |
| North Carolina | 1 | 4 | $9.5M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 62 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 33 | 75 | $2B |
| B2B Software | 14 | 23 | $2.12B |
| Biotech & Pharma | 10 | 24 | $786M |
| Healthcare | 10 | 18 | $1.5B |
| Fintech | 7 | 12 | $1.15B |
| Crypto & Web3 | 7 | 11 | $160M |
| Media, Gaming & Creator | 5 | 9 | $184M |
| Cybersecurity | 5 | 6 | $54.4M |
| Real Estate & PropTech | 5 | 1 | $223M |
| Food & Agriculture | 3 | 17 | $434M |
| Deep Tech | 3 | 15 | $252M |
| Space | 2 | 16 | $7.63M |
| Hardware & Robotics | 2 | 8 | — |
| Industrial & Manufacturing | 2 | 5 | $170M |
| Developer Tools | 2 | 4 | $33.3M |
New SPVs and deal vehicles in May 2024
The 50 largest of 273; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Nea CH | Nea CH SPV, L.P. | $65M | CA | SEC filing | |
| Eclipse | Eclipse SPV XVIII, L.P. | $25M | CA | SEC filing | |
| Stelac BIA | Stelac BIA SPV II LLC | $15.1M | NY | SEC filing | |
| Walkabout Ventures | Walkabout Ventures SPV VI, LP | $15M | CA | SEC filing | |
| Healthcare Shares | Fund I, a series of Healthcare Shares, LP | $10M | WA | SEC filing | |
| Fractal Venture Investments | Fund I, a series of Fractal Venture Investments, LP | $10M | WA | SEC filing | |
| Tandem Ventures | Tandem Ventures SPV VI (Fetch), LP | $9.57M | UT | SEC filing | |
| Infinite Capital | Infinite Capital LP - Series H3X | $8M | FL | SEC filing | |
| Hiive SpaceX | Hiive SpaceX Series 1 a Series of Hiive SpaceX LLC | $5.54M | DE | SEC filing | |
| OpenAI Startup | OpenAI Startup Fund SPV III, L.P. | $5.08M | CA | SEC filing | |
| Versant | Versant Venture Capital SPV I (SAB), L.P. | $5M | CA | SEC filing | |
| Oceans Ventures | Oceans Ventures SPV II - Etched I LLC | $4.84M | NY | SEC filing | |
| Abacus Capital US | X.ai 2024 1 a Series of Abacus Capital US Master LLC | $4.82M | DE | SEC filing | |
| Giordano Capital | XA Fund I, a series of Giordano Capital X, LP | $4.46M | SD | SEC filing | |
| SaaS Ventures | SaaS Ventures CG Holdings a Series of CGF2021 LLC | $3.68M | FL | SEC filing | |
| Caffeinated Capital | Caffeinated Capital Playground SPV, LLC | $3.65M | CO | SEC filing | |
| SGV | SGV28, a series of SGV I, LLC | $3.62M | CA | SEC filing | |
| TWO Bear Capital | TWO Bear Capital SPV - IV, LP | $3.45M | MT | SEC filing | |
| Compound | Compound AI 1 a Series of Compound Funds LLC | $3.37M | NY | SEC filing | |
| Ventioneers Advised | V2024ai, a series of Ventioneers Advised Funds, LP | $3M | TX | SEC filing | |
| Access Liquid Partners | Access Liquid Partners IV LP | $2.85M | TX | SEC filing | |
| Mana Ventures | FAI Fund II, a series of Mana Ventures Funds, LP | $2.81M | WA | SEC filing | |
| Lucas Venture | Lucas Venture Group XXXVII LLC | $2.75M | CA | SEC filing | |
| Proof | Proof III ZCSI LLC | $2.59M | VA | SEC filing | |
| Nural Capital Nebula | Nural Capital Nebula (US) LP | $2.5M | NY | SEC filing | |
| Fourth Realm | SX IV a Series of Fourth Realm Investments LLC | $2.46M | WA | SEC filing | |
| Zero Prime Ventures | FR-0422 Fund I, a series of Zero Prime Ventures, LP | $2.46M | WA | SEC filing | |
| AV Growth | AV Growth Fund III, LLC | $2.25M | NY | SEC filing | |
| Bochi Bridgetown Partners | Bochi Bridgetown Partners II LLC | $2.11M | DE | SEC filing | |
| Node | SpaceX Apr 2024 a Series of Node Master LLC | $2.1M | DE | SEC filing | |
| Fernwood | Fernwood Cytotheryx LP | $2.1M | MA | SEC filing | |
| 89 Christopher | Fund I, a series of 89 Christopher, LP | $2.03M | WA | SEC filing | |
| AVSF | AVSF - Observe 2024, LLC | $2.02M | NH | SEC filing | |
| Fundomo Syndicates | ET-0429 Fund II, a series of Fundomo Syndicates, LP | $2M | WA | SEC filing | |
| Calibrate | Calibrate RT SPV, LLC | $2M | CA | SEC filing | |
| WaterBridge Ventures | WaterBridge Ventures Alpha Mauritius | $2M | O4 | SEC filing | |
| Bochi ZincFive Partners | Bochi ZincFive Partners LLC | $1.98M | DE | SEC filing | |
| Fundomo Syndicates | GL-0430 Fund II, a series of Fundomo Syndicates, LP | $1.75M | WA | SEC filing | |
| Interchange-RE | Interchange-RE-0403 Fund I, a series of AngelList Funds 2024, LP | $1.65M | WA | SEC filing | |
| B Ventures | B Ventures (Lucinity) LP | $1.65M | CO | SEC filing | |
| Heron Rock AL | TH-0321 Fund V, a series of Heron Rock AL Access Funds, LP | $1.57M | WA | SEC filing | |
| Qualified-QU | Qualified-QU-0112 Fund I, a series of Roll Up Vehicles, LP | $1.52M | WA | SEC filing | |
| Harbright | Harbright 2024 SonoVascular Series, a series of Harbright LLC | $1.5M | NC | SEC filing | |
| Holocene Ventures | HVF1 a Series of Holocene Ventures LLC | $1.5M | DE | SEC filing | |
| Hiive Cerebras | Hiive Cerebras Series 1 a Series of Hiive Cerebras LLC | $1.5M | DE | SEC filing | |
| Venley Capital | Qashio Apr 2024 a Series of Venley Capital Fund LLC | $1.45M | DE | SEC filing | |
| FundersClub | FundersClub GGC LLC | $1.36M | CA | SEC filing | |
| Principal | Principal-U LLC | $1.3M | CA | SEC filing | |
| Mana Ventures | Mana Ventures Gr II, a series of Mana Ventures Funds, LP | $1.29M | WA | SEC filing | |
| Riverside Ventures | DAT1 SPV, a series of Riverside Ventures Self-Advised, LP | $1.26M | NY | 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 May 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.