New venture funds filed in September 2024
96 new venture funds and 229 SPVs filed their first Form D with the SEC in September 2024, with $4.32B in total target capital across the 68 funds that stated a size. The largest was Vensana Capital III, L.P. (Vensana Capital) at $425M; California led with 32 new funds; the most common sponsor sectors were AI & ML (15), Deep Tech (9) and B2B Software (6). New fund filings were down 25% from August 2024 (128).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 96
- 128 in August
- New SPVs
- 229
- 265 in August
- Target capital
- $4.32B
- across 68 funds with a stated size
- Median fund
- $20M
- offering size
- Largest fund
- $425M
- Vensana Capital
- Sponsoring firms
- 84
- most in California
What was the largest venture fund filed in September 2024?
Vensana Capital III, L.P., sponsored by Vensana Capital (MN), with a $425M offering, first filed on Sep 27, 2024. The next largest was Thrive Capital Partners IX Growth-B, LLC (Thrive Capital Partners) at $391M.
Which states had the most new venture funds in September 2024?
California (32), New York (15), Massachusetts (7), Florida (6) and Tennessee (6), counted by the sponsoring firm's home state. California's new funds target $1.49B in total.
What sectors do the firms behind September's new funds invest in?
AI & ML (15), Deep Tech (9), B2B Software (6), Crypto & Web3 (6) and Defense & Aerospace (6) lead, by the sectors each sponsoring firm backs. 56 of the 96 funds come from firms with no sector on record yet.
How many SPVs were filed in September 2024?
229 new SPVs and other deal vehicles filed a first Form D in September 2024, against 96 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does September 2024 compare with August 2024?
96 new funds against 128 (−25%), 229 SPVs against 265, and $4.32B of target capital against $9.71B.
Every new venture fund in September 2024
96 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 |
|---|---|---|---|---|---|
| Vensana Capital | Vensana Capital III, L.P. | $425M | MN | SEC filing | |
| Thrive Capital Partners | Thrive Capital Partners IX Growth-B, LLC | $391M | NY | SEC filing | |
| Biospring Partners | Biospring Partners Fund II, L.P. | $350M | NY | SEC filing | |
| Voyager Partners | Voyager Partners Fund II, LP | $300M | CA | SEC filing | |
| Boldstart | Boldstart Ventures VII L.P. | $250M | FL | SEC filing | |
| Fika | Fika Ventures IV, L.P. | $159M | CA | SEC filing | |
| Amity | Amity Venture Partners III LP | $150M | CA | SEC filing | |
| Radiate Capital | Radiate Capital Fund, L.P. | $150M | PA | SEC filing | |
| Mission BioCapital | Mission BioCapital VI LP | $144M | MA | SEC filing | |
| Sound Ventures | Sound Ventures Co-Investment B, L.P. | $138M | CA | SEC filing | |
| Celesta Capital | Celesta Capital V, L.P. | $102M | CA | SEC filing | |
| Amity | Amity Opportunity III LP | $100M | CA | SEC filing | |
| Ensemble VC | Ensemble VC III, LP | $100M | TX | SEC filing | |
| Novawave | NOVAWAVE Fund I, LP | $100M | CA | SEC filing | |
| Wave | WAVE Opportunity Fund I LP | $100M | MA | SEC filing | |
| Principal | Principal Venture Partners, L.P. | $100M | CA | SEC filing | |
| YK Bioventures | YK Bioventures Opportunities Fund II, L.P. | $100M | CA | SEC filing | |
| DBA Asset Management Venture | DBA Asset Management Venture Fund II, LP | $100M | NY | SEC filing | |
| DBA Asset Management Venture | DBA Asset Management Venture Offshore Fund II, LP | $100M | NY | SEC filing | |
| Collide Capital | Collide Capital Fund II LP | $95M | NY | SEC filing | |
| Kalos Ventures | Kalos Ventures LP | $75M | NY | SEC filing | |
| CMT Digital | CMT Digital Ventures Fund IV LLC | $55M | IL | SEC filing | |
| Linse Capital | Linse Capital Space III LP | $52.4M | PR | SEC filing | |
| Triple Impact Capital | Triple Impact Capital Fund II, L.P. | $50M | PA | SEC filing | |
| GG2 | GG2, LP | $50M | CA | SEC filing | |
| Wilson Hill | Wilson Hill Fund II, L.P. | $50M | CA | SEC filing | |
| Tandem Ventures | Tandem Ventures Fund I, L.P. | $43.9M | UT | SEC filing | |
| Blue Moon | Blue Moon Fund II, L.P. | $35M | CA | SEC filing | |
| Ridgeline | Ridgeline Ventures Fund II-S L.P. | $28.8M | TN | SEC filing | |
| Ridgeline | Ridgeline Ventures Fund II LP | $28.8M | TN | SEC filing | |
| Roaring Brook Innovations | Roaring Brook Innovations Fund I L.P. | $27.3M | NY | SEC filing | |
| IPV | IPV Opportunity Fund-I LLC | $27.2M | CA | SEC filing | |
| Ascent | Ascent x Envest, LP | $24.8M | VA | SEC filing | |
| Veridical Ventures | Veridical Ventures Fund I, LP | $20M | CA | SEC filing | |
| Convoi Ventures | Convoi Ventures Fund I, L.P. | $20M | WA | SEC filing | |
| ACP | ACP Opportunities II LLC | $17.2M | TN | SEC filing | |
| Banyan Ventures | Banyan Ventures LP | $15M | NY | SEC filing | |
| Bullet Ventures | Bullet Ventures II L.P. | $15M | WA | SEC filing | |
| NDGII Special | NDGII Special Opportunities, L.P. | $15M | CA | SEC filing | |
| IronArc | IronArc Opportunities III, LP | $15M | TX | SEC filing | |
| FPG Ad | FPG Ad Ultra I, LP | $13M | IL | SEC filing | |
| Wave Function Ventures | Wave Function Ventures Fund I, LP | $12.6M | WA | SEC filing | |
| CMT Digital | CMT Digital Ventures Offshore Fund IV Ltd. | $11.3M | IL | SEC filing | |
| Other | Other Fund, L.P. | $11M | CA | SEC filing | |
| IronArc | IronArc Opportunities I LLC | $10.1M | TX | SEC filing | |
| Ten31 Tactical | Ten31 Tactical Fund, LP | $10M | TN | SEC filing | |
| Machina Ventures | Machina Ventures II, L.P. | $10M | CA | SEC filing | |
| Banana Capital | Banana Capital Fund III, L.P. | $10M | WA | SEC filing | |
| Zero Capital | Zero Capital Fund I LP | $10M | NY | SEC filing | |
| Thrive Capital Partners | Thrive Capital Partners VI-I, LLC | $8.7M | NY | SEC filing | |
| Melanie Lane Partners Series Fund, LP Melanie Lane Partners | Melanie Lane Partners Series Fund, LP Melanie Lane Partners Series One | $8.35M | MA | SEC filing | |
| Kamay Ventures | Kamay Ventures I L.P. | $7.7M | FL | SEC filing | |
| Longitud Ivy | Longitud Ivy, LLC | $7.5M | CA | SEC filing | |
| V360 | V360 Holdings LLC Series Mayavalley GROQ | $6.4M | DE | SEC filing | |
| Ot Yc | OT YC Fund IV, LLC | $6.03M | MA | SEC filing | |
| Renew Venture Lab | Renew Venture Lab Fund 2-A LLC | $6M | CO | SEC filing | |
| Timeless | Timeless Opportunity Fund I, LP | $5.6M | FL | SEC filing | |
| Odd Bird Ventures | Odd Bird Ventures, LP | $5.5M | CA | SEC filing | |
| SCP Dragon Investments | SCP TBC I LLC | $5.05M | NY | SEC filing | |
| ACP | ACP Opportunities I LLC | $5.04M | TN | SEC filing | |
| Core | Core Maverick Fund IV, L.P. | $5M | CA | SEC filing | |
| CCV-Spectra | CCV-Spectra-2023 LLC | $4.46M | AL | SEC filing | |
| Alpha Edison | Alpha Edison Westwood XX, L.L.C. | $4.12M | CA | SEC filing | |
| ACP | ACP Opportunities III LLC | $3.25M | TN | SEC filing | |
| G Ventures | G Ventures VII, LP | $3.11M | CA | SEC filing | |
| SnowPoint | Snowpoint Growth 2.1, LLC | $3.07M | FL | SEC filing | |
| GreenSky Accelerator Fund VI U.S. | GreenSky Accelerator Fund VI U.S., LP | $3M | FL | SEC filing | |
| Zenani Capital Impact Ventures | Zenani Capital Impact Ventures Fund I, LP | $3M | CA | SEC filing | |
| JAM Target | JAM Target Fund 5, L.P. | — | CA | SEC filing | |
| Hypernova Capital | Hypernova Capital Fund I, LP | — | FL | SEC filing | |
| PVC Secondary | PVC Secondary Fund 3, LP | — | CA | SEC filing | |
| 1infinity | 1infinity Fund I, LP | — | DE | SEC filing | |
| MMC Ventures | MMC Ventures Fund I, LP | — | DE | SEC filing | |
| Ineffable Ventures | Ineffable Ventures AI LLC | — | CT | SEC filing | |
| Matta | Matta 9-1 LLC | — | NJ | SEC filing | |
| Zeitgeist Capital | Zeitgeist Capital III, LP | — | MA | SEC filing | |
| Archetype Crypto | Archetype Crypto III LP | — | NY | SEC filing | |
| BMV DP | BMV DP, LP | — | DE | SEC filing | |
| BTV | BTV III, LP | — | CA | SEC filing | |
| Divergent Capital | Divergent Capital II, LP | — | NY | SEC filing | |
| Mobility Impact Pioneer | Mobility Impact Pioneer Fund LP | — | NY | SEC filing | |
| SVG Ventures Sunrise Agri | SVG Ventures Sunrise Agri Fund, L.P. | — | CA | SEC filing | |
| TPP | TPP 1, LP | — | DE | SEC filing | |
| Valley Capital Partners | Valley Capital Partners III, L.P. | — | PA | SEC filing | |
| Cue AVS SB1 | Cue AVS SB1 LLC | — | NY | SEC filing | |
| Bitcoin Frontier | Bitcoin Frontier Fund II, LP | — | PR | SEC filing | |
| Colin Evans | Colin Evans Fund IV, LP | — | CA | SEC filing | |
| Signalfire | SignalFire Affiliates Early Fund IV, L.P. | — | CA | SEC filing | |
| Signalfire | SignalFire Affiliates Seed Fund V, L.P. | — | CA | SEC filing | |
| Signalfire | SignalFire Affiliates XIR Venture Fund II, L.P. | — | CA | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Cyvore LLC | — | CT | SEC filing | |
| 137 Affiliates | 137 Affiliates VI, LP | — | CA | SEC filing | |
| AV Comm Ave Ventures | AV Comm Ave Ventures Fund 3, LLC | — | MA | SEC filing | |
| AV Womens | AV Womens Fund 2, LLC | — | MA | SEC filing | |
| Rise Ventures Growth | Rise Ventures Growth Fund, LP | — | PR | SEC filing | |
| Valley Capital Partners | Valley Capital Partners Offshore III, L.P. | — | PA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 32 | 21 | $1.49B |
| New York | 15 | 12 | $1.18B |
| Massachusetts | 7 | 5 | $258M |
| Florida | 6 | 5 | $269M |
| Tennessee | 6 | 0 | $93M |
| Delaware | 5 | 52 | $6.4M |
| Washington | 4 | 102 | $57.6M |
| Pennsylvania | 4 | 1 | $200M |
| Texas | 3 | 6 | $125M |
| Illinois | 3 | 1 | $79.2M |
| Puerto Rico | 3 | 0 | $52.4M |
| Connecticut | 2 | 1 | — |
| Utah | 1 | 5 | $43.9M |
| Virginia | 1 | 2 | $24.8M |
| Colorado | 1 | 1 | $6M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 56 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 15 | 66 | $1.29B |
| Deep Tech | 9 | 10 | $568M |
| B2B Software | 6 | 21 | $514M |
| Crypto & Web3 | 6 | 8 | $338M |
| Defense & Aerospace | 6 | 3 | $314M |
| Developer Tools | 6 | 3 | $396M |
| Healthcare | 5 | 19 | $440M |
| Fintech | 5 | 10 | $330M |
| Climate & Energy | 4 | 34 | $480M |
| Biotech & Pharma | 4 | 18 | $975M |
| Mobility & Logistics | 3 | 51 | $445M |
| Cybersecurity | 3 | 9 | $421M |
| Industrial & Manufacturing | 3 | 4 | $430M |
| Hardware & Robotics | 2 | 10 | $54.5M |
| Space | 2 | 9 | $52.4M |
New SPVs and deal vehicles in September 2024
The 50 largest of 229; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Cosmic | Cosmic - Bet 3 Durable, L.P. | $680M | CA | SEC filing | |
| Altimeter | Altimeter Growth Co-Invest IV, L.P. | $53M | MA | SEC filing | |
| Architect Juul | Architect JUUL SPV I, LLC | $50M | CA | SEC filing | |
| Synthesis Ventures | Synthesis Ventures I a Series of Synthesis Ventures LLC | $50M | DE | SEC filing | |
| Headline | Headline Wombat SPV, L.P. | $25M | CA | SEC filing | |
| Tandem Ventures | Tandem Ventures SPV V (Agility), LP | $12.5M | UT | SEC filing | |
| Caffeinated Capital | Caffeinated Capital Varda SPV II, LLC | $10M | CO | SEC filing | |
| Spring Tide | Impulse Jun 2024 a Series of Spring Tide Master II LLC | $9.65M | DE | SEC filing | |
| Fuel Venture Capital | Series M-3, LLC an Individual Protected Series of Fuel Venture Capital Co-Invest Series, LLC a Series LLC | $7.63M | FL | SEC filing | |
| Modi Ventures | Modi Ventures IV SPV, LLC | $7.42M | TX | SEC filing | |
| Fuel Venture Capital | Fuel Venture Capital Co-Invest, Series LLC Series PubCo I Series | $7.12M | FL | SEC filing | |
| Pronomos | Pronomos Holdings SJDBC1 2023 a Series of CGF2021 LLC | $6M | DE | SEC filing | |
| What If Ventures | Umbra Artist Capital 2024 a Series of What If Ventures Master LLC | $5.67M | DE | SEC filing | |
| FP Capital | FP Capital 1, a series of FP Capital Funds, LP | $5M | WA | SEC filing | |
| Oval Park | Oval Park SPV Lemu1 LLC | $5M | NC | SEC filing | |
| Spring Tide | Impulse Aug 2024 a Series of Spring Tide Master II LLC | $4.44M | DE | SEC filing | |
| Tandem Ventures | Tandem Ventures SPV III LLC | $4.09M | UT | SEC filing | |
| Fuel Venture Capital | Series Soundtrack, LLC an Individual Protected Series of Fuel Venture Capital Co-Invest Series, LLC | $3.67M | FL | SEC filing | |
| LBS Investments | QP-S24, a series of LBS Investments I, LP | $3.63M | WA | SEC filing | |
| Tandem Ventures | Tandem Ventures SPV IV (Ambia), LLC | $3.45M | UT | SEC filing | |
| Heron Rock AL | PR-0513 Fund V, a series of Heron Rock AL Access Funds, LP | $3.31M | WA | SEC filing | |
| Tandem Ventures | Tandem Ventures SPV II LLC | $3.23M | UT | SEC filing | |
| Hiive Cerebras | Hiive Cerebras Series III a Series of Hiive Cerebras LLC | $3.1M | DE | SEC filing | |
| Hiive Groq | Hiive Groq Series II a Series of Hiive Groq LLC | $3.01M | DE | SEC filing | |
| Keystone Bio | Keystone Bio SPV I, LP | $3M | DE | SEC filing | |
| What If Ventures | Kindbody 24E a Series of What If Ventures Master LLC | $2.99M | DE | SEC filing | |
| Hiive Groq | Hiive Groq Series I a Series of Hiive Groq LLC | $2.74M | DE | SEC filing | |
| IronArc | IronArc Opportunities II LLC | $2.73M | TX | SEC filing | |
| IP Venture | IP Venture Fund-III, LLC | $2.66M | CA | SEC filing | |
| Salica | Salica Access Fund IV SCSp | $2.64M | N4 | SEC filing | |
| Rich Aberman | QP-S24, a series of Rich Aberman Funds, LP | $2.5M | WA | SEC filing | |
| Rami Essaid | QP-S24, a series of Rami Essaid Funds, LP | $2.5M | WA | SEC filing | |
| JJ Fliegelman | QP-S24, a series of JJ Fliegelman Funds, LP | $2.5M | WA | SEC filing | |
| Yahya Mokhtarzada | QP-S24, a series of Yahya Mokhtarzada Funds, LP | $2.5M | WA | SEC filing | |
| Tribe Capital | Tribe Capital Firstlook KRA-06, L.P. | $2.48M | CA | SEC filing | |
| IP Venture | IP Venture Fund IV, LLC | $2.46M | CA | SEC filing | |
| MoSe | MoSe Harbor II 2023 SPV LLC | $2.35M | TX | SEC filing | |
| Heroic Ventures | Heroic Ventures Zeta, LLC | $2.25M | PA | SEC filing | |
| NCV Mantel | NCV Mantel Access Fund 4 Aug 2024 a Series of CGF2021 LLC | $2.19M | DE | SEC filing | |
| LifeX | LifeX Fund I XP LLC | $2.02M | NY | SEC filing | |
| Ascenta Capital | Ascenta Capital Project Henri SPV, L.P. | $2.01M | DE | SEC filing | |
| Branded Hospitality | Branded Hospitality Opportunity 11 LLC | $2M | NY | SEC filing | |
| Junipero Capital | Junipero Capital SPV I, LLC | $2M | FL | SEC filing | |
| Wildebeest Capital | Wildebeest Capital, a Series of Vauban Platform LP | $2M | DE | SEC filing | |
| 11MC Partners | 11MC Partners II LLC | $2M | DE | SEC filing | |
| Ironspring Venture | Ironspring Venture Fund I-HM-B, LP | $2M | TX | SEC filing | |
| MarvinVC | Marvin Fund I a Series of MarvinVC LLC | $2M | DE | SEC filing | |
| ADN Partners | ADN Fund I a Series of ADN Partners LLC | $2M | DE | SEC filing | |
| Thirdbase | Thirdbase Opportunity LP - Series XXV | $1.95M | NY | SEC filing | |
| GSBackers Volley | GSBackers Volley Fund I a Series of CGF2021 LLC | $1.87M | DE | 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 September 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.