New venture funds filed in January 2026
125 new venture funds and 367 SPVs filed their first Form D with the SEC in January 2026, with $4.3B in total target capital across the 72 funds that stated a size. The largest was Patriot Financial Partners VC Parallel V, L.P. (Patriot Financial Partners VC) at $400M; California led with 39 new funds; the most common sponsor sectors were AI & ML (31), B2B Software (10) and Deep Tech (8). New fund filings were down 16% from December 2025 (148).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 125
- 148 in December
- New SPVs
- 367
- 348 in December
- Target capital
- $4.3B
- across 72 funds with a stated size
- Median fund
- $30M
- offering size
- Largest fund
- $400M
- Patriot Financial Partners VC
- Sponsoring firms
- 115
- most in California
What was the largest venture fund filed in January 2026?
Patriot Financial Partners VC Parallel V, L.P., sponsored by Patriot Financial Partners VC (PA), with a $400M offering, first filed on Jan 21, 2026. The next largest was Yosemite Fund II, L.P. (Yosemite) at $350M.
Which states had the most new venture funds in January 2026?
California (39), New York (26), Texas (13), Florida (9) and Washington (4), counted by the sponsoring firm's home state. California's new funds target $2.09B in total.
What sectors do the firms behind January's new funds invest in?
AI & ML (31), B2B Software (10), Deep Tech (8), Fintech (7) and Healthcare (7) lead, by the sectors each sponsoring firm backs. 77 of the 125 funds come from firms with no sector on record yet.
How many SPVs were filed in January 2026?
367 new SPVs and other deal vehicles filed a first Form D in January 2026, against 125 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does January 2026 compare with December 2025?
125 new funds against 148 (−16%), 367 SPVs against 348, and $4.3B of target capital against $14.6B.
Every new venture fund in January 2026
125 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 |
|---|---|---|---|---|---|
| Patriot Financial Partners VC | Patriot Financial Partners VC Parallel V, L.P. | $400M | PA | SEC filing | |
| Yosemite | Yosemite Fund II, L.P. | $350M | CA | SEC filing | |
| Blueprint Equity | Blueprint Equity III, LP | $333M | CA | SEC filing | |
| Menlo | Menlo Ventures Select I, L.P. | $300M | CA | SEC filing | |
| Proofpoint Capital | Proofpoint Capital Fund I, L.P. | $200M | PA | SEC filing | |
| Vianti Capital | Vianti Capital Fund I, L.P. | $200M | MA | SEC filing | |
| MW LSV Aman | MW LSV Aman II, LLC | $200M | CA | SEC filing | |
| Gallery | Gallery Fund I LP | $150M | NY | SEC filing | |
| Menlo | Menlo AI Leaders Fund, L.P. | $150M | CA | SEC filing | |
| Talent | Talent 2026, L.P. | $120M | TX | SEC filing | |
| Overlook Capital | Overlook Capital Fund I, LP | $100M | TX | SEC filing | |
| Walkabout Ventures | Walkabout Ventures Fund IV LP | $100M | CA | SEC filing | |
| AI Growth | AI Fund Growth Fund, L.P. | $100M | CA | SEC filing | |
| Company Ventures | Company Ventures Fund III, LP | $80M | NY | SEC filing | |
| ESO Secondary | ESO Secondary Fund, LP | $75M | CA | SEC filing | |
| Overture Climate | Overture Climate Fund II LP | $75M | CA | SEC filing | |
| Burst Capital Fund Ill | Burst Capital Fund Ill, LP | $75M | CA | SEC filing | |
| Juxtapose Latitudes | Juxtapose Latitudes, L.P. | $63.8M | NY | SEC filing | |
| Juniper | Juniper Ventures Growth I, LP | $63.4M | IN | SEC filing | |
| Boulder Ventures | Boulder Ventures IX, L.P. | $60M | CO | SEC filing | |
| Ludlow Ventures Detroit | Ludlow Ventures Detroit V LP | $60M | MI | SEC filing | |
| House | House Fund Breakout XIV, L.P. | $50.5M | NJ | SEC filing | |
| Eighty-Seven Capital | Eighty-Seven Capital II, L.P. | $50M | CA | SEC filing | |
| SV Breakout | SV Breakout II, L.P. | $50M | CA | SEC filing | |
| Spacecadet Ventures | Spacecadet Ventures II, LP | $50M | WA | SEC filing | |
| 18 West | 18 West Fund I, L.P. | $50M | CA | SEC filing | |
| 8VC AI | 8VC OSS, LLC | $50M | TX | SEC filing | |
| Tribe Capital | Tribe Capital AI Fund V, L.P. | $50M | CA | SEC filing | |
| Frist Cressey | Frist Cressey Ventures Fund IV QP Aggregator 1, LP | $40M | TN | SEC filing | |
| Hutt Capital | Hutt Capital Fund III, L.P. | $40M | OR | SEC filing | |
| Overlook Capital | Overlook Capital Affiliates Fund I, LP | $40M | TX | SEC filing | |
| Ascii Ventures | Ascii Ventures Fund I LP | $40M | NY | SEC filing | |
| LGVP | LGVP LY LLC Series 3 | $35.4M | NY | SEC filing | |
| Center15 Capital | Center15 Capital HE LLC | $31.4M | CA | SEC filing | |
| BANG | BANG Density Investors QP LLC | $30.6M | MD | SEC filing | |
| Zelda Ventures | Zelda Ventures Fund 2, L.P. | $30M | CA | SEC filing | |
| Antiportfolio | Antiportfolio Fund I, LP | $30M | DE | SEC filing | |
| TBL-VV AI Robotics | TBL-VV AI Robotics Fund I, LP | $26.7M | NY | SEC filing | |
| WH Strategic | WH Strategic Opportunities FUND XI LP | $25M | VA | SEC filing | |
| ACTAI Unicorn | ACTAI Unicorn Fund III LP | $25M | MN | SEC filing | |
| Minds | Minds Flagship 2 LP | $20M | TX | SEC filing | |
| New Community Transformation | New Community Transformation Fund II, L.P. | $20M | MI | SEC filing | |
| InvestX Growth Equity V-US | InvestX Growth Equity V-US (QP) LP | $19.9M | NY | SEC filing | |
| DFJ Growth | DFJ Growth AI Investors III, L.P. | $18M | CA | SEC filing | |
| Tamarack Antithesis | Tamarack Antithesis III, LP | $15M | CT | SEC filing | |
| Shaad Khan | Shaad Khan Fund I, LP | $15M | CA | SEC filing | |
| SnowPoint | Snowpoint Growth 2.6, LLC | $15M | FL | SEC filing | |
| HIPstr Early Stage | HIPstr Early Stage Fund II-A, L.P. | $14.1M | FL | SEC filing | |
| Balaji | Balaji Rolling Fund, LP - D1 | $10.5M | WA | SEC filing | |
| Inflection Ventures | Inflection Ventures Anduril Fund IV LLC | $10.5M | NY | SEC filing | |
| 8VC LPSC | 8VC LPSC, LLC | $10.4M | TX | SEC filing | |
| Village Search Partners | Village Search Partners Fund I, LP | $10M | CA | SEC filing | |
| Industrious Ventures Growth | Industrious Ventures Growth IV, LLC | $10M | CO | SEC filing | |
| Schilling Capital Venture | Schilling Capital Venture Fund I LP | $10M | CA | SEC filing | |
| Redpoint Omega | Redpoint Omega IV-R, L.P. | $9.5M | CA | SEC filing | |
| FPG Ad | FPG Ad Astra XI, LP | $9.25M | IL | SEC filing | |
| Inspired Capital | Inspired Capital Sol, L.P. | $8M | NY | SEC filing | |
| Anduril | Anduril Fund, LLC | $8M | GA | SEC filing | |
| Arithmos VC | Arithmos VC, LP - G1 | $7.68M | WA | SEC filing | |
| Soma Capital | Soma Capital Opportunity Fund V, LP | $6.41M | FL | SEC filing | |
| Pi - SB | PI - SB Angel Fund, LP | $5.85M | NY | SEC filing | |
| Lux Ventures | Lux Ventures IX Entrepreneurs Fund, L.P. | $5.36M | NY | SEC filing | |
| Inkberry AI | Inkberry AI Fund, L.P. | $5M | NV | SEC filing | |
| CLC Strategic Partners | CLC Strategic Partners, LP | $5M | FL | SEC filing | |
| New Lane Capital | New Lane Capital I, LP | $5M | NY | SEC filing | |
| DTFA | DTFA KITT LLC | $5M | TX | SEC filing | |
| Davidovs Venture Capital | Davidovs Venture Capital, LP - E2 | $4.55M | WA | SEC filing | |
| Goat Growth | Goat Growth Fund VII,LLC | $4.33M | CA | SEC filing | |
| ICP Mica | ICP Mica, LLC | $4M | TX | SEC filing | |
| Collective Capital | Collective Capital Holdings LLC | $3.16M | AL | SEC filing | |
| Inflection Ventures | Inflection Ventures XAI Fund I LLC | $3.1M | NY | SEC filing | |
| Broadway Venture Partners | Broadway Venture Partners NYS SSBCI Fund, LP | $3M | CA | SEC filing | |
| LRVHealth | LRVHealth III, LP | — | MA | SEC filing | |
| Ever & Other Capital | Ever & Other Capital Fund I, LP | — | FL | SEC filing | |
| ID8 Growth | ID8 Growth Opportunities I, LP | — | NY | SEC filing | |
| Leonis DoubleDown | Leonis DoubleDown Fund, LP | — | CA | SEC filing | |
| WCM Partners | WCM Partners Bluebird, LP | — | CA | SEC filing | |
| AH American Dynamism | AH American Dynamism Fund II, L.P. | — | CA | SEC filing | |
| Andreessen Horowitz | Andreessen Horowitz Fund X - AI Applications, L.P. | — | CA | SEC filing | |
| Andreessen Horowitz | Andreessen Horowitz Fund X - AI Infrastructure, L.P. | — | CA | SEC filing | |
| Bling Capital | Bling Capital Fund V LP | — | FL | SEC filing | |
| Bling Capital | Bling Capital Fund V Opps LP | — | FL | SEC filing | |
| Innovation | Innovation Opportunities II, L.P. | — | MD | SEC filing | |
| Nyca Investment | Nyca Investment Fund V-B, LP | — | NY | SEC filing | |
| TAP Investment | TAP Investment Fund, L.P. | — | CA | SEC filing | |
| TCP Capital | TCP Capital Fund II LP | — | FL | SEC filing | |
| Collective Global | Collective Global AVC AIV, LP | — | TX | SEC filing | |
| Collective Global | Collective Global CarryCo LLC | — | TX | SEC filing | |
| Tailwind Futures | Tailwind Futures Fund I, LP | — | CA | SEC filing | |
| Lytical Ventures CI | Lytical Ventures CI III-K, LP | — | NY | SEC filing | |
| Rebuild Capital | Rebuild Capital I, LP | — | NY | SEC filing | |
| NIV | NIV Fund III, LP | — | NY | SEC filing | |
| InnovateHealth Switchboard | InnovateHealth Switchboard LLC | — | IL | SEC filing | |
| Strata Solas Wealth | Strata Solas Wealth Management LLC | — | DE | SEC filing | |
| Drawing Hands | Drawing Hands LP | — | CA | SEC filing | |
| Mat Capital Index | Mat Capital Index Fund 1, LLC | — | AZ | SEC filing | |
| SIF XII-Scale | SIF XII-Scale Cayman, L.P. | — | CA | SEC filing | |
| SIF XII-Scale | SIF XII-Scale, L.P. | — | CA | SEC filing | |
| X-Barzell | X-Barzell LLC | — | NY | SEC filing | |
| Adaptation Ventures | Adaptation Ventures Fund I LP | — | CT | SEC filing | |
| Stackpoint Venture | Stackpoint Venture Fund II, L.P. | — | MA | SEC filing | |
| SOSV Decarbonization Consortium | SOSV Decarbonization Consortium II, L.P. | — | NJ | SEC filing | |
| Impatient Ventures | Impatient Ventures Fund II, LP | — | CA | SEC filing | |
| Injury Board Ventures | Injury Board Ventures, LP | — | FL | SEC filing | |
| LCV | LCV 2025 06 LLC | — | NY | SEC filing | |
| Rice Capital | Rice Capital Opportunity Fund I, LP | — | CA | SEC filing | |
| Thrive Capital Partners | Thrive Capital Partners Investments, L.P. | — | NY | SEC filing | |
| Brainstorm Varda | Brainstorm Varda, LLC | — | CA | SEC filing | |
| CJNV Partners | CJNV Partners III, LP | — | NY | SEC filing | |
| Greymont Bay | Greymont Bay I, LLC | — | TX | SEC filing | |
| G Vision Capital | G Vision Capital S Fund III, LLC | — | CA | SEC filing | |
| HD2 | HD2, LLC | — | TX | SEC filing | |
| Heraean TGX | Heraean TGX, LLC | — | NJ | SEC filing | |
| Hyperlink | Hyperlink II, LP | — | TX | SEC filing | |
| ID8 Investments | ID8 Investments Holdings Base Power LLC | — | NY | SEC filing | |
| ID8 Investments | ID8 Investments Holdings Replit LLC | — | NY | SEC filing | |
| ID8 Investments | ID8 Investments Holdings Together AI LLC | — | NY | SEC filing | |
| Looking Glass Capital | Looking Glass Capital Fund III LP | — | NY | SEC filing | |
| NHC Gagnon | NHC Gagnon LLC | — | ME | SEC filing | |
| Niya Partners | Niya Partners KP II LLC | — | DE | SEC filing | |
| Parco Imperial Investments | Parco Imperial Investments I, LLC | — | CT | SEC filing | |
| Sevii | Sevii SPV1, LLC | — | GA | SEC filing | |
| TridentVC | TridentVC LP I, LLC | — | NC | SEC filing | |
| Z21 Ventures | Z21 Ventures HEN Nozzles July 2025 LLC | — | CA | SEC filing | |
| Z21 Ventures | z21 Ventures ID Cafe March 2025 LLC | — | CA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 39 | 32 | $2.09B |
| New York | 26 | 37 | $454M |
| Texas | 13 | 7 | $349M |
| Florida | 9 | 7 | $40.5M |
| Washington | 4 | 107 | $72.7M |
| Delaware | 3 | 119 | $30M |
| Massachusetts | 3 | 8 | $200M |
| Connecticut | 3 | 3 | $15M |
| New Jersey | 3 | 1 | $50.5M |
| Maryland | 2 | 3 | $30.6M |
| Michigan | 2 | 3 | $80M |
| Colorado | 2 | 2 | $70M |
| Georgia | 2 | 0 | $8M |
| Illinois | 2 | 0 | $9.25M |
| Pennsylvania | 2 | 0 | $600M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 77 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 31 | 100 | $1.38B |
| B2B Software | 10 | 24 | $597M |
| Deep Tech | 8 | 40 | $700M |
| Fintech | 7 | 40 | $628M |
| Healthcare | 7 | 36 | $395M |
| Biotech & Pharma | 5 | 19 | $496M |
| Climate & Energy | 4 | 47 | $75M |
| Developer Tools | 3 | 25 | $31.4M |
| Defense & Aerospace | 3 | 18 | $51.8M |
| Insurtech | 3 | 9 | $84.5M |
| Hardware & Robotics | 3 | 5 | $26.7M |
| Mobility & Logistics | 2 | 45 | $56.4M |
| Crypto & Web3 | 2 | 11 | $50M |
| Media, Gaming & Creator | 1 | 11 | $5.36M |
| Cybersecurity | 1 | 9 | — |
New SPVs and deal vehicles in January 2026
The 50 largest of 367; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Parkway | Parkway Co-Investment 13 (SBQ SF) QP LP | $310M | NY | SEC filing | |
| NDH | NDH Opportunity Funds LLC - Series 3 | $56.1M | DE | SEC filing | |
| PVP ETDAI | PVP ETDAI SPV, LLC | $38.8M | NY | SEC filing | |
| Elevata Ventures | Fund I, a series of Elevata Ventures, LP | $30M | WA | SEC filing | |
| Reinforced Ventures | Fund I, a series of Reinforced Ventures, LP | $25M | WA | SEC filing | |
| UCV | UCV 2025 SPV, L.P. | $22M | NY | SEC filing | |
| EHZ | X Series xAI a Series of EHZ LLC | $18.5M | DE | SEC filing | |
| FDVC LFG | SPA II SPV a Series of FDVC LFG LLC | $17.7M | DE | SEC filing | |
| Apeira Capital | APEIRA CAPITAL FUND I, LP - Series 5 | $15.3M | NY | SEC filing | |
| Darkmode Ventures | Darkmode Fund III, a series of Darkmode Ventures, LP | $15M | WA | SEC filing | |
| Bloom | BVP I a Series of Bloom Opportunities Fund II LLC | $14.7M | MI | SEC filing | |
| Apeira Capital | APEIRA CAPITAL FUND I, LP - Series 6 | $14M | NY | SEC filing | |
| Stage 2 Capital | Catalyst Fund IV, a series of Stage 2 Capital X Fund, LP | $12M | MA | SEC filing | |
| Anchor Capital | EquipmentShare 2025 a Series of Anchor Capital GP II LLC | $11.7M | MA | SEC filing | |
| Parkway | Parkway Co-Investment 13 (SBQ SF) LP | $11.5M | NY | SEC filing | |
| Exoscaleton | HU-1127 Fund I, a series of Exoscaleton, LP | $10.3M | WA | SEC filing | |
| Integrated Investment Partners | Integrated Investment Partners SPV VI | $10M | NC | SEC filing | |
| Sprout Capital Partners | Sprout Capital Partners Opportunity SPV V, LP | $8.66M | FL | SEC filing | |
| FJ Labs | CL-1121 Fund IV, a series of FJ Labs Funds, LP | $8.19M | NY | SEC filing | |
| Fourth Realm | SX Alpha a Series of Fourth Realm Investments LLC | $7.92M | WA | SEC filing | |
| Bloom | BVP III a Series of Bloom Opportunities Fund II LLC | $6.75M | MI | SEC filing | |
| Alex & Bart's | Greenpoint Capital Fund III, a series of Alex & Bart's Angel Fund, LP | $6.5M | WA | SEC filing | |
| Recursive | Recursive, Inc. SPV, LLC | $6.4M | CA | SEC filing | |
| Caffeinated Capital | Caffeinated Capital Varda SPV III, LLC | $6.21M | CO | SEC filing | |
| Altra | SPX Fund III, a series of Altra FrontierTech Investments I, LP | $5.52M | NY | SEC filing | |
| Fourth Realm | AT I a Series of Fourth Realm Investments LLC | $5.47M | WA | SEC filing | |
| Material Ventures | UF-10101 Fund I, a series of Material Ventures, LP | $5.18M | WA | SEC filing | |
| Impellent Ventures | ImpellentDeal2, a Series of Impellent Ventures Funds, LP | $5.1M | NY | SEC filing | |
| SWC Genai | SWC GENAI FUND IV a Series of SLRTE I LLC | $5.02M | DE | SEC filing | |
| SPAR Capital | Fund I, a series of SPAR Capital, LP | $5M | WA | SEC filing | |
| Union Capital Partners Group | Fund III, a series of Union Capital Partners Group, LP | $5M | WA | SEC filing | |
| Oval Park | Oval Park SPV PHNT LLC | $5M | NC | SEC filing | |
| GREP VC | Grep VC Safetrust A SPV LLC | $4.33M | CA | SEC filing | |
| Anchor Capital | EquipmentShare Q2 3 a Series of Anchor Capital GP II LLC | $4.17M | MA | SEC filing | |
| Congruent | Congruent Coefficient Beta, a series of Congruent Coefficient Fund, LP | $4.06M | CA | SEC filing | |
| Apeira Capital | APEIRA CAPITAL FUND I, LP - Series 7 | $4M | NY | SEC filing | |
| Also Capital | ME-1215 Fund I, a series of Also Capital, LP | $3.79M | NY | SEC filing | |
| MVP | MVPCAMB25, a series of MVP II Co-Invest LLC | $3.75M | CA | SEC filing | |
| Sycamore Labs | Sycamore Labs, a series of Roll Up Vehicles, LP | $3.65M | WA | SEC filing | |
| Irving | Irving Investors Avo AI VII a Series of CGF2021 LLC | $3.13M | CA | SEC filing | |
| Interface Growth BB | Interface Growth BB a Series of SLRTE I LLC | $3.03M | DE | SEC filing | |
| Izou Partners Two | Naptanu Dec 2025 a Series of Izou Partners Two LLC | $3.02M | DE | SEC filing | |
| SGV | SGV40, a Series of SGV I, LLC | $3M | CA | SEC filing | |
| Aurora VC | Fund I, a series of Aurora VC, LP | $3M | WA | SEC filing | |
| Raido Capital | SPVx018 a Series of Raido Capital Holdings X LLC | $2.99M | TX | SEC filing | |
| FOG Ventures | IT Fund II a Series of FOG Ventures Fund III LLC | $2.97M | DE | SEC filing | |
| WhiteRabbit | WhiteRabbit III LLC | $2.85M | CA | SEC filing | |
| Bloom | BVP II a Series of Bloom Opportunities Fund II LLC | $2.84M | MI | SEC filing | |
| Pembroke Ventures VIT | Pembroke Ventures VIT LLC | $2.81M | MA | SEC filing | |
| Integr8d Capital | Deal XXVII a Series of Integr8d Capital LLC | $2.78M | 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 January 2026. 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.