New venture funds filed in December 2024
109 new venture funds and 321 SPVs filed their first Form D with the SEC in December 2024, with $15.1B in total target capital across the 77 funds that stated a size. The largest was Lightspeed Opportunity Fund III, L.P. (Lightspeed) at $3.28B; California led with 42 new funds; the most common sponsor sectors were AI & ML (25), B2B Software (16) and Healthcare (13). New fund filings were up 17% from November 2024 (93).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 109
- 93 in November
- New SPVs
- 321
- 219 in November
- Target capital
- $15.1B
- across 77 funds with a stated size
- Median fund
- $39.9M
- offering size
- Largest fund
- $3.28B
- Lightspeed
- Sponsoring firms
- 100
- most in California
What was the largest venture fund filed in December 2024?
Lightspeed Opportunity Fund III, L.P., sponsored by Lightspeed (CA), with a $3.28B offering, first filed on Dec 12, 2024. The next largest was Lightspeed Venture Partners Select VI, L.P. (Lightspeed) at $1.74B.
Which states had the most new venture funds in December 2024?
California (42), New York (16), Texas (6), Florida (5) and Massachusetts (5), counted by the sponsoring firm's home state. California's new funds target $11.5B in total.
What sectors do the firms behind December's new funds invest in?
AI & ML (25), B2B Software (16), Healthcare (13), Cybersecurity (11) and Biotech & Pharma (8) lead, by the sectors each sponsoring firm backs. 51 of the 109 funds come from firms with no sector on record yet.
How many SPVs were filed in December 2024?
321 new SPVs and other deal vehicles filed a first Form D in December 2024, against 109 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does December 2024 compare with November 2024?
109 new funds against 93 (+17%), 321 SPVs against 219, and $15.1B of target capital against $4.55B.
Every new venture fund in December 2024
109 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 |
|---|---|---|---|---|---|
| Lightspeed | Lightspeed Opportunity Fund III, L.P. | $3.28B | CA | SEC filing | |
| Lightspeed | Lightspeed Venture Partners Select VI, L.P. | $1.74B | CA | SEC filing | |
| Accel | Accel Growth Fund VII L.P. | $1.35B | CA | SEC filing | |
| G2VP | G2VP III, LP | $750M | CA | SEC filing | |
| Accel | Accel India VIII L.P. | $650M | CA | SEC filing | |
| Sofinnova Venture Partners | Sofinnova Venture Partners XII, L.P. | $550M | CA | SEC filing | |
| HOF Capital | HOF Capital Strategic Opportunities Fund, L.P. | $500M | NY | SEC filing | |
| Socratic Partners | Socratic Partners I LP | $500M | FL | SEC filing | |
| Fifth Wall | Fifth Wall REACT Fund, L.P. | $500M | CA | SEC filing | |
| Playground | Playground Ventures IV, L.P. | $475M | CA | SEC filing | |
| Atlas Venture | Atlas Venture Fund XIV, L.P. | $450M | MA | SEC filing | |
| TCG Labs | TCG Labs Opportunity I, LP | $404M | CA | SEC filing | |
| Positive Sum | Positive Sum Capital III, L.P. | $400M | CT | SEC filing | |
| Next Legacy Emerging Leaders | Next Legacy XII, LLC | $400M | CA | SEC filing | |
| Tribe Capital | Tribe Capital Fund IV, L.P. | $350M | CA | SEC filing | |
| IA Venture Strategies | IA Venture Strategies Fund V, LP | $250M | NY | SEC filing | |
| Thrive Capital Partners | Thrive Capital Partners IX Growth-C, LLC | $179M | NY | SEC filing | |
| Slow Ventures | Slow Ventures VI, L.P. | $165M | CA | SEC filing | |
| Sideline Group | Sideline Group Fund I, L.P. | $139M | NY | SEC filing | |
| Seabright | Seabright V, L.P. | $125M | CA | SEC filing | |
| Slow Ventures | Slow Ventures Opportunity Fund III, L.P. | $110M | CA | SEC filing | |
| Acequia Capital | Acequia Capital Origin LP | $100M | WA | SEC filing | |
| Alexia Ventures | Alexia Ventures 2-A, L.P. | $100M | D5 | SEC filing | |
| Alexia Ventures | Alexia Ventures 2, L.P. | $100M | D5 | SEC filing | |
| Next Legacy Alpha | Next Legacy Alpha 4, L.P. | $100M | CA | SEC filing | |
| Doepfner Capital | Doepfner Capital Fund I, L.P. | $90.6M | CA | SEC filing | |
| Quona Accion Inclusion | Quona Accion Inclusion FUND IV SCSP | $90M | DC | SEC filing | |
| Tectonic Ventures | Tectonic Ventures III, L.P. | $85.6M | MA | SEC filing | |
| Tectonic Ventures | Tectonic Ventures Parallel III, L.P. | $85.6M | MA | SEC filing | |
| Augment Ventures | Augment Ventures Fund IV, L.P. | $75M | MI | SEC filing | |
| Solari Capital | Solari Capital Fund III, L.P. | $75M | NY | SEC filing | |
| BioRock Ventures | BioRock Ventures Fund II, LP | $60M | CA | SEC filing | |
| Between The Coasts Ventures | Between The Coasts Ventures Fund I, LP | $60M | UT | SEC filing | |
| Plane OSS | Plane OSS LLC | $58M | CA | SEC filing | |
| SSM Partners Growth Equity | SSM Partners Growth Equity IV, L.P. | $57.5M | TN | SEC filing | |
| Linse Ignition | Linse Ignition LP | $50M | NV | SEC filing | |
| Grow Together Salinas | Grow Together Salinas I, L.P. | $50M | CA | SEC filing | |
| ACVC Partners | ACVC Partners Fund II, LP | $50M | CA | SEC filing | |
| FemHealth Ventures | FemHealth Ventures Fund II LP | $39.9M | NJ | SEC filing | |
| DFJ Growth | DFJ Growth AI Investors II, L.P. | $30.5M | CA | SEC filing | |
| Redpoint Omega | Redpoint Omega IV-Y, L.P. | $30M | CA | SEC filing | |
| Vestia MiRus QOF | Vestia MiRus QOF, LLC | $30M | IN | SEC filing | |
| Waypoint | Waypoint 1, LP | $25M | VA | SEC filing | |
| Flying Fish | Flying Fish Opportunity Fund I, LP | $25M | WA | SEC filing | |
| Carrick | Carrick Daylight Opportunity Fund II, L.P. | $24M | CA | SEC filing | |
| Open | Open Opportunity Fund 2-A, LP | $22.1M | GA | SEC filing | |
| Open | Open Opportunity Fund 2, LP | $22.1M | GA | SEC filing | |
| Foothill Ventures | Foothill Ventures III-P LP | $21.3M | CA | SEC filing | |
| Zone 2 Ventures | Zone 2 Ventures Fund I LP | $20.9M | NY | SEC filing | |
| gener8tor Alabama | gener8tor Alabama Fund I, LP | $20M | WI | SEC filing | |
| SHV | SHV Opportunities A, LLC | $15.4M | CA | SEC filing | |
| Align | Align Fund 1, LP | $15M | NJ | SEC filing | |
| FoundersEdge | FoundersEdge Fund I, L.P. | $15M | MA | SEC filing | |
| ExSight | ExSight Fund IV, LLC | $15M | NY | SEC filing | |
| NV PillBot Series A Partners | NV PillBot Series A Partners, LLC | $13.6M | FL | SEC filing | |
| MVP | MVP Vintage 2021 | $11M | CA | SEC filing | |
| Heritage | Heritage Maritime LP | $10.5M | MD | SEC filing | |
| Armory Square Ventures III NYS SSBCI | Armory Square Ventures III NYS SSBCI Fund, LP | $10M | NY | SEC filing | |
| RT-AQ | RT-AQ IV LLC | $10M | FL | SEC filing | |
| Sagatagan | Sagatagan Fund I, L.P. | $10M | SD | SEC filing | |
| IASV Seed Ventures | IASV Seed Ventures Fund II, LP | $10M | CA | SEC filing | |
| Carrick | Carrick Daylight Opportunity Fund, L.P. | $9.75M | CA | SEC filing | |
| ECP Opportunities C1 | ECP O9, LLC | $8.59M | CA | SEC filing | |
| Reef Pass | Reef Pass Investors WIN, LP | $7.14M | CT | SEC filing | |
| TSG Ventures | TSG Ventures XXVIII, LLC | $6.62M | CA | SEC filing | |
| LGF Melodic Possibility | LGF Honest Charter, L.P. | $6M | CA | SEC filing | |
| Corner | Corner Israel Support Fund I, LP | $5M | NY | SEC filing | |
| Halogen Ventures | Halogen Ventures Alabama Fund, L.P. | $5M | CA | SEC filing | |
| Collective Global | Collective Global Fund I SCM, L.P. | $5M | TX | SEC filing | |
| WhiteRabbit | WhiteRabbit I LLC | $4.95M | CA | SEC filing | |
| RMP RepScrubs | RMP RepScrubs, LLC | $4.7M | TN | SEC filing | |
| Chaac | Chaac Ventures Fund III, LP | $4.4M | CA | SEC filing | |
| Tundra Ventures | Tundra Ventures Fund I, LP | $4.14M | MN | SEC filing | |
| Health Catalyst Capital | Health Catalyst Capital Annex Fund II, L.P. | $4M | NY | SEC filing | |
| Canary | Canary Founders IV, L.P. | $4M | D5 | SEC filing | |
| Anne Townsend Capital | Anne Townsend Capital Fund I, LP | $4M | WA | SEC filing | |
| MSV TN | MSV TN Fund I, LP | $3M | TN | SEC filing | |
| Thursday Capital Investment | Thursday Capital Investment 1 LP | — | FL | SEC filing | |
| Ineffable Ventures | Ineffable Ventures Series LLC, Series Relyon II IVS | — | CT | SEC filing | |
| Next | NEXT Optimized III, LP | — | TX | SEC filing | |
| Sidecut Ventures | Sidecut Ventures Fund I, L.P. | — | NY | SEC filing | |
| To VC SB1 | To VC SB1, LLC | — | DE | SEC filing | |
| Williams Bay Holding Co | Williams Bay Holding Co LLC | — | IL | SEC filing | |
| Circle Special | Circle Special Opportunity LLC | — | NY | SEC filing | |
| Measured | Measured Fund I, LP | — | AL | SEC filing | |
| Differential Ventures | Differential Ventures Fund III LP | — | NY | SEC filing | |
| JAM Target | JAM ABL Space Target Fund 2, L.P. | — | CA | SEC filing | |
| Pearl | Pearl Energy Investments Iv-A, L.P. | — | TX | SEC filing | |
| Pearl | Pearl Energy Investments IV, L.P. | — | TX | SEC filing | |
| Sabi | Sabi 9-1 LLC | — | NJ | SEC filing | |
| Bochi Bamboo Partners | Bochi Bamboo Partners, LLC | — | DE | SEC filing | |
| Bochi Sushi Partners | Bochi Sushi Partners, LLC | — | DE | SEC filing | |
| SBL1 | SBL1 LLC | — | DE | SEC filing | |
| AH Bio Ecosystem | AH Bio Ecosystem Fund, L.P. | — | CA | SEC filing | |
| Arc AI | ARC AI Fund LP | — | NY | SEC filing | |
| Yard Ventures | Yard Ventures Fund 10Q, LLC | — | NH | SEC filing | |
| Supernova | Supernova Fund I, LP | — | TX | SEC filing | |
| Lerer Hippeau | Lerer Hippeau IX, LP | — | NY | SEC filing | |
| Strong Ventures | Strong Ventures ET II, LLC | — | CA | SEC filing | |
| Z21 Ventures | Z21 Ventures HEN Nozzles Dec 2024 LLC | — | CA | SEC filing | |
| Blue Sands Investments | Blue Sands Investments LP | — | CA | SEC filing | |
| BRVC | BRVC Bolttech III, LLC | — | CA | SEC filing | |
| Level Ventures | Level Ventures Strategic Co-Investment, L.P. | — | FL | SEC filing | |
| Saints Capital | Saints Capital Sierra, LP | — | CO | SEC filing | |
| Wavemaker | Wavemaker Three-Sixty Health III A, L.P. | — | CA | SEC filing | |
| Wavemaker | Wavemaker Three-Sixty Health III, L.P. | — | CA | SEC filing | |
| Balerion Space Ventures | Balerion Space Ventures Fund II, L.P. | — | TX | SEC filing | |
| Era Ventures | ERA Investors Fund 9, LLC | — | NY | SEC filing | |
| Lakeshore Ventures | Lakeshore Ventures Fund 5, LLC | — | MA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 42 | 68 | $11.5B |
| New York | 16 | 21 | $1.2B |
| Texas | 6 | 5 | $5M |
| Florida | 5 | 7 | $524M |
| Massachusetts | 5 | 5 | $636M |
| Delaware | 4 | 37 | — |
| Washington | 3 | 126 | $129M |
| Connecticut | 3 | 1 | $407M |
| New Jersey | 3 | 1 | $54.9M |
| Tennessee | 3 | 1 | $65.2M |
| Georgia | 2 | 0 | $44.2M |
| Virginia | 1 | 8 | $25M |
| New Hampshire | 1 | 7 | — |
| Colorado | 1 | 3 | — |
| South Dakota | 1 | 3 | $10M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 51 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 25 | 113 | $7.59B |
| B2B Software | 16 | 53 | $3.61B |
| Healthcare | 13 | 26 | $2.48B |
| Cybersecurity | 11 | 16 | $5.53B |
| Biotech & Pharma | 8 | 24 | $1.56B |
| Climate & Energy | 7 | 32 | $1.16B |
| Media, Gaming & Creator | 7 | 11 | $834M |
| Space | 6 | 19 | $350M |
| Deep Tech | 6 | 11 | $459M |
| E-commerce & Retail | 4 | 0 | $676M |
| Mobility & Logistics | 3 | 63 | $33.8M |
| Developer Tools | 3 | 47 | $782M |
| Food & Agriculture | 3 | 27 | $950M |
| Fintech | 3 | 14 | $600M |
| Real Estate & PropTech | 3 | 7 | $700M |
New SPVs and deal vehicles in December 2024
The 50 largest of 321; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Lightspeed | Lightspeed Venture Partners XV-B (Ignite), L.P. | $1.19B | CA | SEC filing | |
| Lightspeed | Lightspeed Venture Partners XV-A (Inception), L.P. | $978M | CA | SEC filing | |
| MCTC Investments | MCTC Investments Holdings (Delaware) LLC | $235M | DE | SEC filing | |
| OpenAI Startup | OpenAI Startup Fund SPV V, L.P. | $44.3M | CA | SEC filing | |
| Globespan | Globespan SPV G, L.P. | $44M | MA | SEC filing | |
| 8VC ADSG | 8VC ADSG SPV, LLC | $41M | TX | SEC filing | |
| E1 Ventures | Synergy IV a Series of E1 Ventures Master LLC | $27.8M | DE | SEC filing | |
| Explorer34 | Fund III, a series of Explorer34 Fund, LP | $27.2M | WA | SEC filing | |
| Alkeon Innovation | Alkeon Innovation Co-Invest I, LP | $22.5M | NY | SEC filing | |
| Kultura | Kultura Opportunities Fund LP - Series I | $17.6M | UT | SEC filing | |
| ManchesterStory Private Credit | ManchesterStory Private Credit SPV I LLC | $12M | IA | SEC filing | |
| Open Field Hammerspace | Open Field Hammerspace SPV I LLC | $10M | NY | SEC filing | |
| SVP Deal | SVP Deal Fund III - restor3d Convert LP | $10M | CO | SEC filing | |
| VXI Evoloh | VXI Evoloh SPV LP | $10M | MA | SEC filing | |
| VXI Veir | VXI Veir SPV LP | $10M | MA | SEC filing | |
| E1 Ventures | Synergy V a Series of E1 Ventures Master LLC | $9.07M | DE | SEC filing | |
| MVP | MVP ONV 2023, a series of MVP-C Co-Invests 2023 LLC | $9M | CA | SEC filing | |
| ATP AI Ventures | ATP Fund I, a series of ATP AI Ventures, LP | $5.14M | WA | SEC filing | |
| Capital Factory Alpha Associates | Capital Factory Alpha Associates LLC - Series I | $5.04M | NY | SEC filing | |
| Navitas | Navitas Capital Co-Invest III-A, L.P. | $5M | CA | SEC filing | |
| Junipero Capital | Junipero Capital SPV III, LLC | $5M | FL | SEC filing | |
| Junipero Capital | Junipero Capital SPV II, LLC | $5M | FL | SEC filing | |
| Giordano Capital | KRAIX, a series of Giordano Capital X, LP | $4.65M | SD | SEC filing | |
| Discerning Capital | Discerning Capital MN SPV, LLC | $3.95M | NV | SEC filing | |
| FOG Ventures | O-AI I a Series of FOG Ventures Fund III LLC | $3.9M | DE | SEC filing | |
| Fifth Era | Fifth Era Coinvestors, LLC - Securitize 3 | $3.85M | CA | SEC filing | |
| Superset Capital | Superset Capital SPV I, L.P. | $3.85M | CA | SEC filing | |
| Sideline Group | Sideline Group Bandit SPV, L.P. | $3.6M | NY | SEC filing | |
| Saraswati-RA | Saraswati-RA-1028 Fund II, a series of AngelList Funds 2024, LP | $3.57M | WA | SEC filing | |
| Angel Collective | DI-1113 Fund I, a series of Angel Collective Opportunity Fund, LP | $3.44M | WA | SEC filing | |
| Caffeinated Capital | Caffeinated Capital Bosu SPV IV, LLC | $3.1M | CO | SEC filing | |
| AVSF | AVSF - Lambda 2024, LLC | $3.06M | NH | SEC filing | |
| L2M2 | L2M2 SPV, LLC | $3M | NJ | SEC filing | |
| Zachary Ginsburg | DA-1125 Gaingels Fund I, a series of Zachary Ginsburg Funds, LP | $2.98M | WA | SEC filing | |
| MVP | MVP AD 2022, a series of MVP-C Co-Invests 2022 LLC | $2.74M | CA | SEC filing | |
| MVP | MVPAURB24, a series of MVP II Co-Invest LLC | $2.68M | CA | SEC filing | |
| SGV | SGV31, a series of SGV I, LLC | $2.62M | CA | SEC filing | |
| MVP | MVPPROA24, a series of MVP II Co-Invest LLC | $2.54M | CA | SEC filing | |
| Uma Ventures | Uma Ventures IV LLC | $2.5M | CA | SEC filing | |
| Clarim Ventures | Clarim Ventures LP | $2.5M | A6 | SEC filing | |
| Virtue Anna Health Seed | Virtue Anna Health Seed SPV LLC | $2.5M | TX | SEC filing | |
| Cornerstone Tidal Vision | Cornerstone Tidal Vision SPV I, LLC | $2.47M | CA | SEC filing | |
| MVP | MVPFROC24, a series of MVP II Co-Invest LLC | $2.44M | CA | SEC filing | |
| SaaSholic | JU-1022 Fund I, a series of SaaSholic, LP | $2.22M | WA | SEC filing | |
| GVP Climate | GVP Climate Series SPV LP - Series 2 | $2.2M | NY | SEC filing | |
| MVP | MVPCOLB24, a series of MVP II Co-Invest LLC | $2.17M | CA | SEC filing | |
| Moringa | AI Ventures III, a series of Moringa Ventures, LP | $2.13M | CA | SEC filing | |
| Valor Venture Fund Syndicates | PA-0917 Fund I, a series of Valor Venture Fund Syndicates, LP | $2.11M | WA | SEC filing | |
| Anchor Capital | Plant Prefab Dec 2024 a Series of Anchor Capital GP II LLC | $2M | MA | SEC filing | |
| Fifth Era | Fifth Era Coinvestors, LLC - Securitize 2 | $2M | CA | 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 December 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.