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New venture funds filed in February 2026

164 new venture funds and 308 SPVs filed their first Form D with the SEC in February 2026, with $9.99B in total target capital across the 114 funds that stated a size. The largest was Evolution Technology Fund IV, L.P. (Evolution Technology) at $1.2B; California led with 53 new funds; the most common sponsor sectors were AI & ML (32), Climate & Energy (12) and Healthcare (11). New fund filings were up 31% from January 2026 (125).

Updated from SEC Form D filings · How we count · Methodology

New funds
164
125 in January
New SPVs
308
367 in January
Target capital
$9.99B
across 114 funds with a stated size
Median fund
$30M
offering size
Largest fund
$1.2B
Evolution Technology
Sponsoring firms
136
most in California

What was the largest venture fund filed in February 2026?

Evolution Technology Fund IV, L.P., sponsored by Evolution Technology (NY), with a $1.2B offering, first filed on Feb 12, 2026. The next largest was Breakthrough Energy Ventures Select Fund II, L.P. (Breakthrough Energy Ventures) at $600M.

Which states had the most new venture funds in February 2026?

California (53), New York (22), Texas (18), Florida (11) and Massachusetts (8), counted by the sponsoring firm's home state. California's new funds target $2.89B in total.

What sectors do the firms behind February's new funds invest in?

AI & ML (32), Climate & Energy (12), Healthcare (11), B2B Software (11) and Deep Tech (10) lead, by the sectors each sponsoring firm backs. 92 of the 164 funds come from firms with no sector on record yet.

How many SPVs were filed in February 2026?

308 new SPVs and other deal vehicles filed a first Form D in February 2026, against 164 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.

How does February 2026 compare with January 2026?

164 new funds against 125 (+31%), 308 SPVs against 367, and $9.99B of target capital against $4.3B.

Every new venture fund in February 2026

164 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).

New venture funds first filed in February 2026
FirmFundSizeStateFirst filedSource
Evolution TechnologyEvolution Technology Fund IV, L.P.$1.2BNYSEC filing
Breakthrough Energy VenturesBreakthrough Energy Ventures Select Fund II, L.P.$600MMASEC filing
Ribbit CapitalRibbit Capital Z, L.P.$565MCASEC filing
Caffeinated CapitalCaffeinated Capital Growth Fund I, LP$500MCOSEC filing
Thrive Capital PartnersThrive Capital Partners X Growth-A, L.P.$450MNYSEC filing
NewViewNewView Capital Fund IV, L.P.$400MCASEC filing
Eqiq LLC VCEQIQ LLC VC Series 1$369MILSEC filing
CostanoaCostanoa Ventures VI, L.P.$300MCASEC filing
TTVTTV Fund VII, L.P.$275MGASEC filing
Caffeinated CapitalCaffeinated Capital Seed Fund VI, LP$250MCOSEC filing
avraavra fund II lp$250MCASEC filing
OvermatchOvermatch Fund II, LP$225MTXSEC filing
Saga VenturesSaga Ventures II, LP$225MTXSEC filing
GC VentureGC Venture XII (A-I), L.P.$168MMASEC filing
Altimeter AdirondackAltimeter Adirondack Fund II, L.P.$168MMASEC filing
Mendon VenturesMendon Ventures FinTech Fund II LP$150MNJSEC filing
Costanoa AscentCostanoa Ascent Fund IV, L.P.$150MCASEC filing
Harpoon VenturesHarpoon Ventures Fund IV, L.P.$140MCASEC filing
BenchmarkBenchmark AI Infrastructure Fund, L.P.$127MWASEC filing
All AboardAll Aboard Fund I, L.P.$106MNYSEC filing
Crossroads Health VenturesCrossroads Health Ventures, L.P.$100MINSEC filing
AAF VenturesAAF Ventures I, L.P.$100MCASEC filing
Science VenturesScience Ventures Fund IV, L.P.$100MCASEC filing
Oceans VenturesOceans Ventures III, L.P.$100MNYSEC filing
021T Capital021T Capital Fund I, L.P.$100MMASEC filing
MW LSV KalshiMW LSV Kalshi, LLC$100MCASEC filing
MW LSV PolymarketMW LSV Polymarket, LLC$100MCASEC filing
OffsetOffset Fund I, L.P.$100MTXSEC filing
Stellar VenturesStellar Ventures Cassiopeia Fund LP$100MCASEC filing
Space CapitalSpace Capital IV L.P.$100MNYSEC filing
Theory VenturesTheory Ventures Corollary I, L.P.$100MCASEC filing
NovaNova Venture Fund II, LP$100MCASEC filing
BenchmarkBenchmark AI Infrastructure Fund B, L.P.$96.7MWASEC filing
A4 GalaxyA4 Galaxy, LP$95.5MNYSEC filing
GTMfundGTMfund III, LP$85MAZSEC filing
OnwardOnward Opportunity Fund LP$85MCASEC filing
GC VentureGC Venture XII (A-II), L.P.$80.9MMASEC filing
Volpe CapitalVolpe Capital Fund II-A, L.P.$75MD5SEC filing
Volpe CapitalVolpe Capital Fund II, L.P.$75MD5SEC filing
Black Opal VenturesBlack Opal Ventures Fund II, L.P.$75MNYSEC filing
Friale Fund 2.0Friale Fund 2.0 LP$75MTNSEC filing
Alpha Auto CapitalAlpha Auto Capital Fund I, LLC$60MFLSEC filing
Heartland VenturesHeartland Ventures Fund III, L.P.$60MOHSEC filing
NJP CrystalNJP Crystal, L.P.$60MTXSEC filing
Blue DotBlue Dot Investors Fund, LP$50MFLSEC filing
Tenacity Venture CapitalTenacity Venture Capital Fund II, LP$50MCASEC filing
Symphonic CapitalSymphonic Capital Fund II, LP$50MCASEC filing
TexasTexas Fund II, LP$50MTXSEC filing
Soma CapitalSoma Capital Opportunity Fund IV, LP$45.1MFLSEC filing
8VC AI8VC AI Fund VI-A, LLC$44.3MTXSEC filing
Assembly VenturesAssembly Ventures Select Fund I, L.P.$40MMISEC filing
SC GrowthSC Growth 2 LLC$39.4MNYSEC filing
8VC COSB8VC COSB, LLC$38MTXSEC filing
GennvcGennvc II, L.P.$35MCASEC filing
Soma CapitalSoma Capital Opportunity Fund III, LP$30.1MFLSEC filing
8VC ERSB8VC ERSB-B, LLC$30MTXSEC filing
HouseHouse Holdings & Natural Capital LP$30MNJSEC filing
Ravelin CapitalRavelin Capital II, LP$30MWASEC filing
GC Strategic PartnersGC Strategic Partners I, L.P.$29.6MNYSEC filing
KingfisherKingfisher Select IX, LP$27.4MCOSEC filing
Imaginary Venture CapitalImaginary Venture Capital NK-1, L.P.$26.7MNYSEC filing
Cofounders CapitalCofounders Capital Fund IV, LP$25.3MNCSEC filing
HouseHouse Fund Breakout XII Enduring, L.P.$25MNJSEC filing
GTMfundGTMfund Opportunities Fund I-QP, LP$25MAZSEC filing
Atoms VCAtoms VC, LP$25MILSEC filing
A4 GalaxyA4 Galaxy QP, LP$24.1MNYSEC filing
8VC AI8VC AI Fund VI, LLC$20.5MTXSEC filing
Tamarind Hill SummitTamarind Hill Summit Fund, L.P.$20MOHSEC filing
B4 CapitalB4 Capital Fund I, LP$20MCASEC filing
Even One VenturesEven One Ventures Fund II LP$20MCASEC filing
Tonic VenturesTonic Ventures FUND II, LP$20MILSEC filing
WH GrowthWH Growth Fund II, LP$15.7MVASEC filing
SC GrowthSC Growth LLC$15.3MNYSEC filing
ISVISV Titan Opportunity Fund I, L.P.$15MFLSEC filing
Embassy VenturesEmbassy Ventures I, L.P.$15MCASEC filing
Caffeinated CapitalCaffeinated Capital Scout Fund V, LP$15MCOSEC filing
Industrious Ventures GrowthIndustrious Ventures Growth V, LLC$15MCOSEC filing
NorlandNorland FundView, LP$13.8MCASEC filing
Committed CapitalCommitted Capital Opportunities I, LLC$12.5MDESEC filing
APV RPLTAPV RPLT 2026 LLC$12.3MNYSEC filing
J2 Ventures StrategicJ2 Ventures Strategic Opportunities E, L.P.$12MMASEC filing
AudaciousAudacious W II, L.P.$12MCASEC filing
GalaxyGalaxy Opportunistic Fund V, LP$10.9MNYSEC filing
Imaginary Venture CapitalImaginary Venture Capital WA-1, L.P$10.2MNYSEC filing
HouseHouse Fund Breakout XII Partners, L.P.$10MNJSEC filing
Menlo InflectionMenlo Inflection IV Innovators, L.P.$10MCASEC filing
MenloMenlo Ventures XVII Innovators, L.P.$10MCASEC filing
8VC ERSB8VC Ersb-A, LLC$10MTXSEC filing
8VC ERSB8VC ERSB, LLC$10MTXSEC filing
Studio AlphaStudio Alpha Fund I, LP$10MCASEC filing
Tribe Natural FrontierTribe Natural Frontier Fund III, L.P.$10MCASEC filing
IronArcIronArc Opportunities XXIII, LP$9.22MTXSEC filing
Even One VenturesEven One Ventures Fund I LP$9.15MCASEC filing
B4 CapitalB4 Capital FFA LP$7.83MCASEC filing
Volo VenturesVolo Ventures Fund II, LP$7.55MORSEC filing
Monarch CollectiveMonarch Collective Cleveland Basketball, LLC$7.42MCASEC filing
Delta40Delta40 Fund I LLC$7.38MNYSEC filing
Solari CapitalSolari Capital Treasure Trove I, L.P.$7MNYSEC filing
SC SXSC SX 2 LLC$6.57MNYSEC filing
HouseHouse Holdings - ER LP$6.33MNJSEC filing
Fellowship of Practice & CareFellowship of Practice & Care, LLC$6.13MCASEC filing
Keel VenturesKeel Ventures Fund I, L.P.$6MKSSEC filing
CASSIUSCassius Al, LP$5.9MGASEC filing
776776 Fund 1956 Cortina d'Ampezzo, L.P.$5.5MFLSEC filing
Soma CapitalSoma Capital Omnia Fund I, LP$5MFLSEC filing
MDSV CapitalMDSV Capital, LP$5MCASEC filing
NFX CapitalNFX SST Advantage I, L.P.$4.08MCASEC filing
F3C DaybreakF3C Daybreak Fund I, LP$4MFLSEC filing
GutterGutter NYS SSBCI Fund II, LP$4MWASEC filing
Syon Capital GQSyon Capital GQ, LP$4MCOSEC filing
CC Frontier, L.P. ArborCC Frontier, L.P. Arbor$3.23MCASEC filing
Run Ventures II CIVRun Ventures II CIV-C, L.P.$3.14MUTSEC filing
AVSFAVSF - Radiant 2025B, LLC$3.05MNHSEC filing
Angel Operator PartnersAngel Operator Partners Fund I, LP$3MILSEC filing
Arkenstone CapitalArkenstone Capital Fund I, L.P.—DESEC filing
HCM S14AiHCM S15Aiv LP—CASEC filing
MotivateMotivate Ventures AI Fund III, LP—ILSEC filing
MotivateMotivate Ventures QP Fund III, LP—ILSEC filing
QuietQuiet Leaders Fund I LP—CASEC filing
Sound VenturesSound Ventures AI Follow-On Fund, L.P.—CASEC filing
GC VentureGC Venture XII (VH 2025), L.P.—MASEC filing
Bracket CapitalBracket Capital Fund IV, LP—CASEC filing
SuttonaSuttona Holdings VIII-B LLC—NYSEC filing
FirstCapitalFirstCapital Fund II, LP—NHSEC filing
HCM S14AiHCM S21A LP—CASEC filing
KWI Cyber Holdings OPKWI Cyber Holdings OP 2 LP—MDSEC filing
GreycroftGreycroft Partners VIII, L.P.—NYSEC filing
HCM S14AiHCM S23A LP—CASEC filing
LogosLogos Fund II LP—CASEC filing
MotherMother Fund, LLC—PASEC filing
Ocampo CapitalOcampo Capital Fund II LP—CASEC filing
Vista Cambium ComputeVista Cambium Compute LP—MDSEC filing
AspectAspect Acquisition Partners III, LP—TXSEC filing
Connect VenturesConnect Ventures Flagship I, L.P.—CASEC filing
LightspeedLightspeed NH Holdings, LLC—CASEC filing
LowercarbonLowercarbon 430.5, LP—WYSEC filing
Lowercarbon SurgeLowercarbon Surge, LP—WYSEC filing
QuietQuiet Venture IV LP—CASEC filing
FellowsFellows Fund III, L.P.—CASEC filing
Palo SantoPalo Santo Investors II LP—ILSEC filing
Remarkable VenturesRemarkable Ventures V, L.P.—NYSEC filing
EnCapEnCap Energy Transition Fund III-A, L.P.—TXSEC filing
EnCapEnCap Energy Transition Fund III-E, L.P.—TXSEC filing
EnCapEnCap ET Fund III-C, SCSp—TXSEC filing
FriedomFriedom Fund LP—FLSEC filing
Makena Venture CapitalMakena Venture Capital Master Fund B II, L.P.—CASEC filing
OffscriptOffscript I, LP—MASEC filing
Collinear CapitalCollinear Capital Fund I-A, LP—CASEC filing
Collinear CapitalCollinear Capital Fund I-B, LP—CASEC filing
DotLineDotLine V LLC—PRSEC filing
Gaard VenturesGaard Ventures Fund I, LP—CASEC filing
Growth Factory VenturesGrowth Factory Ventures Fund II, LP—CASEC filing
Growth Factory VenturesGrowth Factory Ventures Fund II, QP LP—CASEC filing
Kaleida CapitalKaleida Capital Fund I, LP—DESEC filing
LBP VenturesLBP Ventures Fund I, LP—TXSEC filing
OutcurveOutcurve Fund I, LP—DCSEC filing
Prime MoversPrime Movers Fund IV LP—FLSEC filing
Quadrance Advanced IntelligenceQuadrance Advanced Intelligence Fund I, LLC—FLSEC filing
Red Bike Capital NJRed Bike Capital NJ Opportunities Fund, LP—NYSEC filing
SabiSabi 11 LLC—NJSEC filing
TalentsTalents Fund I, LP—WISEC filing
Ten VCTen VC Fund II, LP—CASEC filing
Uma VenturesUma Ventures Prism Fund I LP—CASEC filing
Vireon VantixVireon Vantix Fund, LP—TXSEC filing

New funds by state

By the sponsoring firm’s home state.

New venture funds and SPVs by state, February 2026
StateNew fundsSPVsFund target
California5324$2.89B
New York2234$2.32B
Texas184$822M
Florida1111$215M
Massachusetts86$1.13B
Illinois75$417M
New Jersey61$221M
Colorado60$811M
Washington4103$258M
Delaware379$12.5M
Maryland25—
New Hampshire25$3.05M
Arizona22$110M
Georgia22$281M
Ohio20$80M

New funds by sector

By the sectors the sponsoring firm backs; a fund counts in each. 92 funds’ firms have no sector on record.

New venture funds and SPVs by sponsor sector, February 2026
SectorNew fundsSPVsFund target
AI & ML3275$2.66B
Climate & Energy1243$1.04B
Healthcare1130$983M
B2B Software1113$1.72B
Deep Tech1024$752M
Biotech & Pharma819$327M
Media, Gaming & Creator715$192M
Developer Tools711$400M
Space621$310M
Crypto & Web3616$665M
Industrial & Manufacturing611$780M
Cybersecurity62$1.22B
Fintech59$1.19B
Mobility & Logistics452$140M
Consumer43—

New SPVs and deal vehicles in February 2026

The 50 largest of 308; each sponsor’s profile lists the rest of its deal vehicles.

Show the 50 largest SPVs
Largest new SPVs and deal vehicles first filed in February 2026
FirmFundSizeStateFirst filedSource
CollabCollab II - W G, L.P.$150MGASEC filing
Khosla VenturesKhosla Ventures GI SPV, LLC$87.5MCASEC filing
Volpe CapitalVolpe Capital Fund II (Cayman), L.P.$75MD5SEC filing
AlbumAlbum M SPV, L.P.$75MUTSEC filing
EclipseEclipse SPV XXX, L.P.$70MCASEC filing
WCM PartnersWCM Partners X, LLC - Series X1$49.9MCASEC filing
NFXNFX SST Advantage Feb 2026 a Series of NFX SPV Master LLC$45.7MDESEC filing
Labyrinth CapitalDE-1216 Fund I, a series of Labyrinth Capital, LP$38.4MWASEC filing
K5 TechK5 Tech Fund II, LP - Series 204$35.6MFLSEC filing
Underdog Labs VenturesFund III, a series of Underdog Labs Ventures, LP.$30MWASEC filing
EHZX Series SpX a Series of EHZ LLC$28.1MDESEC filing
Silent CapitalSilent Capital XXVII, a Series of Silent Capital Holdings, LP$22.2MWASEC filing
Mene CapitalFund I, a series of Mene Capital, LP$20MCASEC filing
SparkwaveSpaceX Feb 2026 a Series of Sparkwave Holdings LLC$19MDESEC filing
AGC AI NexusAGC Together AI I a Series of AGC AI Nexus Fund LLC$18.9MDESEC filing
Josh Tobin VenturesFund I, a series of Josh Tobin Ventures, LP$15MWASEC filing
AltraANTH Fund V, a series of Altra FrontierTech Investments I, LP$13.8MNYSEC filing
U.S. HMCU.S. HMC Series FUND LP - Series VIII$13.3MNYSEC filing
EHZX Series AC A a Series of EHZ LLC$12.7MDESEC filing
U.S. HMCU.S. HMC Series FUND LP - Series IX$12MNYSEC filing
FounderFund I, a series of Founder Fund, LP$10MWASEC filing
Tandem VenturesTandem Ventures SPV XII (pmtbox), LP$8.83MUTSEC filing
CosmosCosmos Co-Invest I LP$8.02MTXSEC filing
Soma CapitalSoma Capital Mercor SPV I, LP$8MFLSEC filing
Double AA VenturesNA-1004 Fund V, a series of Double AA Ventures, LP$7.82MWASEC filing
IVCIndus Valley Select Fund, a series of IVC Opportunities, LP$7.5MWASEC filing
Recall CapitalRecall Capital - OP Pri Jan 2026 a Series of CGF2021 LLC$7.01MCASEC filing
KairosKairos-Foldax SPV, L.P.$6.83MCASEC filing
DecileEmbedding VC Mount Sophia Fund, a Series of Decile SPV, LLC$6.75MNYSEC filing
ZettaZetta FP SPV, LLC$6.5MCASEC filing
K50NI-1030 Fund I, a series of K50 Funds, LP$5.73MWASEC filing
MIH CapitalXG-0915 Fund I, a series of MIH Capital, LP$5.24MWASEC filing
Viva Private InvestmentsViva Private Investments LLC - Series F$5.15MNVSEC filing
Radiology One VenturesFund I, a series of Radiology One Ventures, LP$5MWASEC filing
eigen8Fund 1, a series of eigen8, LP$5MWASEC filing
TGVGFund II, a series of TGVG Funds, LP$5MWASEC filing
Assembly Investors FrontierFund I a Series of Assembly Investors Frontier LLC$5MDESEC filing
Fourth RealmSX Alpha III a Series of Fourth Realm Investments LLC$4.79MWASEC filing
MBPMBP SPV I, LLC$4.6MCTSEC filing
V360MayaValley A4L1 A Series of V360 Holdings LLC$4.34MNCSEC filing
Karman VenturesRE-0115 Fund I, a series of Karman Ventures, LP$3.88MWASEC filing
Giant Step Capital SpecialsBlueDot II, a series of Giant Step Capital Specials, LP$3.76MILSEC filing
EmbeddingMount Hercules Fund I a Series of Embedding Funds LLC$3.7MCASEC filing
TLTFTLTF SPV I 2026, LP$3.55MFLSEC filing
AstroAstro Investment VI a Series of Astro Funds LLC$3.52MNYSEC filing
Ineffable VenturesIV Series 22A, a Series of Ineffable Ventures Series, LLC$3.4MCTSEC filing
AGC AI NexusAGC Harbinger II a Series of AGC AI Nexus Fund LLC$3.13MDESEC filing
GSBackers CognichipGSBackers Cognichip Fund I a Series of CGF2021 LLC$3.04MDESEC filing
Cannon Point PartnersNI-0923 Fund IV, a series of Cannon Point Partners, LP$2.84MWASEC filing
PPVP GrowthPPVP Growth IV a Series of Pari Passu Master II LLC$2.77MDESEC 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 February 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.