New venture funds filed in March 2026
173 new venture funds and 381 SPVs filed their first Form D with the SEC in March 2026, with $13.8B in total target capital across the 115 funds that stated a size. The largest was Founders Fund Growth IV, LP (Founders) at $6.02B; California led with 56 new funds; the most common sponsor sectors were AI & ML (46), Healthcare (20) and B2B Software (19). New fund filings were up 5% from February 2026 (164).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 173
- 164 in February
- New SPVs
- 381
- 308 in February
- Target capital
- $13.8B
- across 115 funds with a stated size
- Median fund
- $22.3M
- offering size
- Largest fund
- $6.02B
- Founders
- Sponsoring firms
- 141
- most in California
What was the largest venture fund filed in March 2026?
Founders Fund Growth IV, LP, sponsored by Founders (WA), with a $6.02B offering, first filed on Mar 23, 2026. The next largest was Altimeter Venture Partners Fund VIII, L.P. (Altimeter Venture Partners) at $750M.
Which states had the most new venture funds in March 2026?
California (56), New York (20), Texas (19), Florida (19) and Massachusetts (15), counted by the sponsoring firm's home state. California's new funds target $3.77B in total.
What sectors do the firms behind March's new funds invest in?
AI & ML (46), Healthcare (20), B2B Software (19), Cybersecurity (15) and Biotech & Pharma (12) lead, by the sectors each sponsoring firm backs. 85 of the 173 funds come from firms with no sector on record yet.
How many SPVs were filed in March 2026?
381 new SPVs and other deal vehicles filed a first Form D in March 2026, against 173 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does March 2026 compare with February 2026?
173 new funds against 164 (+5%), 381 SPVs against 308, and $13.8B of target capital against $9.99B.
Every new venture fund in March 2026
173 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 |
|---|---|---|---|---|---|
| Founders | Founders Fund Growth IV, LP | $6.02B | WA | SEC filing | |
| Altimeter Venture Partners | Altimeter Venture Partners Fund VIII, L.P. | $750M | MA | SEC filing | |
| Eclipse | Eclipse Fund VI, L.P. | $720M | CA | SEC filing | |
| Eclipse | Eclipse Early Growth Fund III, L.P. | $591M | CA | SEC filing | |
| Averin | Averin Capital Fund II-A LP | $350M | MA | SEC filing | |
| Averin | Averin Capital Fund II LP | $350M | MA | SEC filing | |
| 8VC STSD | 8VC STSD, LLC | $240M | TX | SEC filing | |
| Long | Long Journey Fund V, L.P. | $236M | CA | SEC filing | |
| Afore Capital | Afore Capital V, L.P. | $230M | CA | SEC filing | |
| Lightspeed | Lightspeed Faction Fund II, LP | $200M | CA | SEC filing | |
| Lightspeed | Lightspeed Faction Fund II US Feeder, LP | $200M | CA | SEC filing | |
| Lightspeed | Lightspeed Faction Principals Fund II, LP | $200M | CA | SEC filing | |
| Liquid | Liquid 2 Winners Fund II, L.P. | $200M | CA | SEC filing | |
| Island Green | Island Green Capital Fund II Feeder LP | $200M | CA | SEC filing | |
| Island Green | Island Green Capital Fund II LP | $200M | CA | SEC filing | |
| Averin | Averin Health Opportunities Fund I LP | $167M | MA | SEC filing | |
| Silverton Partners | Silverton Partners VIII, L.P. | $160M | TX | SEC filing | |
| Blackhorn | Blackhorn Ventures Industrial Impact Fund III, LP | $150M | CO | SEC filing | |
| Reformation Partners | Reformation Partners III, LP | $125M | FL | SEC filing | |
| BGV | BGV V, LP | $120M | CA | SEC filing | |
| Compound | Compound 2026, L.P. | $115M | NY | SEC filing | |
| Mirae Asset | Mirae Asset Gaia Fund III, LP | $111M | NY | SEC filing | |
| Wireframe Ventures | Wireframe Ventures III, L.P. | $100M | CA | SEC filing | |
| Companyon | Companyon Ventures Fund 2026, L.P. | $100M | MA | SEC filing | |
| Liquid | Liquid 2 Ventures Fund V, L.P. | $90M | CA | SEC filing | |
| Linse Capital | Linse Capital Stellar II LP | $76.8M | PR | SEC filing | |
| Oncology Ventures | Oncology Ventures Fund II-A LP | $70M | FL | SEC filing | |
| Oncology Ventures | Oncology Ventures Fund II LP | $70M | FL | SEC filing | |
| Asia2G Capital | Asia2G Capital Fund II, L.P. | $70M | CA | SEC filing | |
| Altimeter | Altimeter Growth Olympic Fund VII, L.P. | $62M | MA | SEC filing | |
| Arteria Capital | Arteria Capital Fund I, L.P. | $50M | CA | SEC filing | |
| Kodiak | Kodiak Fund I, L.P. | $50M | TX | SEC filing | |
| Deep Tech | Deep Tech Fund I LP | $50M | TX | SEC filing | |
| 8VC AI | 8VC AI Fund V, LLC | $45.3M | TX | SEC filing | |
| Menlo Inflection | Menlo Inflection IV Private Investors, L.P. | $45M | CA | SEC filing | |
| Positive Sum | Positive Sum EAI Holdings, LLC | $42.5M | CT | SEC filing | |
| Ritual Capital | Ritual Capital II, L.P. | $40M | CA | SEC filing | |
| Socratic Eridu | Socratic Eridu Holdings LLC | $39M | MA | SEC filing | |
| Virtue Expansion | Virtue Expansion Fund I LP | $35M | TX | SEC filing | |
| SXC Venus | SXC Venus, LLC | $32M | CA | SEC filing | |
| Atrum Ventures | Atrum Ventures 8 LLC | $30M | UT | SEC filing | |
| Anomaly | Anomaly Fund I LP | $30M | TX | SEC filing | |
| 5c Capital | 5c(c) Capital Fund I, LP | $30M | NJ | SEC filing | |
| Ford Street | Ford Street Ventures III, LP | $30M | CA | SEC filing | |
| Run Ventures II CIV | Run Ventures II CIV-B, L.P. | $27.5M | UT | SEC filing | |
| KCP Orca | KCP Orca Holdings, LLC | $26.2M | TX | SEC filing | |
| Fidelity Venture | Fidelity Venture Growth Fund II LP | $25M | MA | SEC filing | |
| Moontower VC | Moontower VC Fund I, LP | $25M | TX | SEC filing | |
| Everywhere Ventures | Everywhere Ventures III, LP | $25M | NY | SEC filing | |
| Corsair Venture Partners | Corsair Venture Partners Fund I, L.P. | $25M | ME | SEC filing | |
| Weekend | Weekend FUND IV, LP | $25M | WA | SEC filing | |
| 10SQ Attention Economy | 10SQ Attention Economy Fund, LP | $25M | CA | SEC filing | |
| Kindergarten Ventures | Kindergarten Ventures Fund III, LP | $25M | WA | SEC filing | |
| Silverton Partners | Silverton Partners Entrepreneurs VIII, L.P. | $25M | TX | SEC filing | |
| Alethia | Alethia Opportunity Fund I LP | $25M | AZ | SEC filing | |
| Squadra | Squadra Ventures III, LP | $24M | MD | SEC filing | |
| BGW Ventures | BGW Ventures V, LP | $22.7M | MI | SEC filing | |
| Mirae Asset | Mirae Asset Gaia Fund II, LP | $22.3M | NY | SEC filing | |
| Menlo | Menlo Ventures Axm Partners, L.P. | $20M | CA | SEC filing | |
| Predictive Venture Partners | Predictive Venture Partners Fund II, LP | $20M | NY | SEC filing | |
| Outbound Capital | Outbound Capital II, LP | $20M | NY | SEC filing | |
| CRSX | CRSX VI, LLC | $20M | TX | SEC filing | |
| Proximal Ventures | Proximal Ventures Fund I LP | $20M | CA | SEC filing | |
| Health Velocity Capital | Health Velocity Capital III Executive Network Fund, L.P. | $17.5M | CA | SEC filing | |
| K5 Tech | K5 Tech Fund I, LP - Ventures III-B | $15.4M | FL | SEC filing | |
| Carnrite Ventures | Carnrite Ventures Opportunity Fund I, L.P. | $15M | TX | SEC filing | |
| ARMRA Capital Partners | Armra Capital Partners Bridge, LP | $15M | TX | SEC filing | |
| Albion Trinity Capital GZL | Albion Trinity Capital GZL Fund I, LP | $15M | CT | SEC filing | |
| Wonder | Wonder Fund VI LLC | $15M | WA | SEC filing | |
| ZKV | ZKV Offshore Feeder Fund II LP | $15M | NY | SEC filing | |
| 8VC STSD | 8VC STSD-A, LLC | $15M | TX | SEC filing | |
| Menlo | Menlo Ventures XVII Private Investors, L.P. | $15M | CA | SEC filing | |
| Artist Growth | Artist Growth Opportunity X LP | $15M | NY | SEC filing | |
| NFX Capital | NFX SL Advantage I, L.P. | $14.6M | CA | SEC filing | |
| Liquid | Liquid 2 Ventures Fund Series-04, L.P. | $12.7M | CA | SEC filing | |
| MESH | MESH Invest VI, L.P. | $12.5M | OR | SEC filing | |
| Breakout Ventures | Breakout Ventures III-B, L.P. | $12.1M | CA | SEC filing | |
| Primordial Ventures | Primordial Ventures Fund I, LP | $12M | NC | SEC filing | |
| Batch Ventures | Batch Ventures YC 2026, LP | $12M | CA | SEC filing | |
| Tribe Capital | Tribe Capital Firstlook WOR-01, L.P. | $12M | CA | SEC filing | |
| NV SandboxAQ Series F Partners | NV SandboxAQ Series F Partners LLC | $11.6M | FL | SEC filing | |
| Ipo CLUB | Ipo.Club LLC | $11.5M | FL | SEC filing | |
| Hannah Grey Ventures | Hannah Grey Ventures II, LP | $10.2M | CO | SEC filing | |
| Liquid | Liquid 2 Ventures Fund Series-05, L.P. | $10.2M | CA | SEC filing | |
| HAN MR | HAN MR LLC | $10.1M | CA | SEC filing | |
| Bay Park Ventures | Bay Park Ventures LLC | $10M | PA | SEC filing | |
| Junipero | Junipero Fund III, LLC | $10M | FL | SEC filing | |
| NewMont Ventures | NewMont Ventures Fund I, LP | $10M | WA | SEC filing | |
| WH Growth | WH Growth Fund III, LP | $10M | VA | SEC filing | |
| ZKV | ZKV Onshore Feeder Fund II LP | $10M | NY | SEC filing | |
| Redpoint Omega | Redpoint Omega IV-G, L.P. | $9M | CA | SEC filing | |
| Alpha Ascent Oxyopia | Alpha Ascent Oxyopia LLC | $9M | PA | SEC filing | |
| Atrum Ventures | Atrum Ventures 6, LP | $8.63M | UT | SEC filing | |
| Good Alpha Industries Series LLC, Tranche | Good Alpha Industries Series LLC, Tranche III | $8M | FL | SEC filing | |
| SCVC | SCVC, LP - II | $7.5M | CA | SEC filing | |
| Soma Capital | Soma Capital Opportunity Fund II, LP | $7.5M | FL | SEC filing | |
| OT AI Infrastructure | OT AI Infrastructure Fund I, LLC | $7.5M | DE | SEC filing | |
| Fermion | Fermion LLC | $6.65M | CA | SEC filing | |
| Linse Ignition | Linse Ignition UF LP | $6.5M | NV | SEC filing | |
| OT Confidential Computing | OT Confidential Computing Fund I, LLC | $5.38M | MA | SEC filing | |
| Positive Sum | Positive Sum SR Holdings, LLC | $5.3M | CT | SEC filing | |
| GreyMatter | GreyMatter Fund II, LP | $5M | WA | SEC filing | |
| Good Alpha Industries Series LLC, Tranche | Good Alpha Industries Series LLC, Tranche IX | $5M | FL | SEC filing | |
| Good Alpha Industries Series LLC, Tranche | Good Alpha Industries Series LLC, Tranche XI | $5M | FL | SEC filing | |
| WH Strategic Growth | WH Strategic Growth Fund III, LP | $5M | VA | SEC filing | |
| Affine AMI | Affine AMI LP | $4.98M | D8 | SEC filing | |
| Fifth Era | Fifth Era AI Access Fund I, LP | $4.85M | CA | SEC filing | |
| 10e10 Capital | 10e10 Capital Opportunity Fund 1, LP | $4.82M | CA | SEC filing | |
| V0 Fund 5.3.1 | V0 Fund 5.3.1, LP | $4.65M | CA | SEC filing | |
| IronArc | IronArc Opportunities XXII, LP | $4.38M | TX | SEC filing | |
| Soma Capital | Soma Capital CY I, LP | $4M | FL | SEC filing | |
| First Bight | First Bight Fund II, LP | $3.83M | TX | SEC filing | |
| Ot Healthcare | Ot Healthcare FUND II, LLC | $3.54M | MA | SEC filing | |
| Open SPX | Open SPX II, LP | $3.06M | NY | SEC filing | |
| Industrious Ventures Growth | Industrious Ventures Growth VI, LLC | $3M | CO | SEC filing | |
| Enlightened Hospitality Investments | Enlightened Hospitality Investments III, LP | — | NY | SEC filing | |
| Nomadic VP | Nomadic VP Fund II LP | — | CO | SEC filing | |
| Daybreak | Daybreak Meridian 1 LP | — | NY | SEC filing | |
| Daybreak | Daybreak Ventures Fund 2-A LP | — | NY | SEC filing | |
| Daybreak | Daybreak Ventures Fund 2 LP | — | NY | SEC filing | |
| Red Vineyard | Red Vineyard LP | — | CA | SEC filing | |
| Revelation | Revelation Healthcare Fund V, L.P. | — | CA | SEC filing | |
| Timeless | Timeless Partners Ventures II, LP | — | FL | SEC filing | |
| Virta Ventures | Virta Ventures II, LP | — | CA | SEC filing | |
| MGV | MGV Fund II, L.P. | — | CA | SEC filing | |
| Valiant Peregrine | Valiant Peregrine Fund 3, L.P. | — | CA | SEC filing | |
| 4p2026 | 4p2026, LLC | — | UT | SEC filing | |
| AXV | AXV II, LP | — | NC | SEC filing | |
| Fontinalis | Fontinalis Special Opportunity Fund VF, L.P. | — | MI | SEC filing | |
| NOBLQ Ventures | NOBLQ Ventures Fund I LP | — | TX | SEC filing | |
| SaaS Ventures | SaaS Ventures Israel LP | — | FL | SEC filing | |
| Twelve Below | Twelve Below III LP | — | NY | SEC filing | |
| 640 Oxford | 640 Oxford Fund II, LP | — | MI | SEC filing | |
| ARC Genesis | ARC Genesis Fund I LP | — | NY | SEC filing | |
| EdenBase Quantum | EdenBase Quantum Fund LP | — | FL | SEC filing | |
| Sequoia Capital | Sequoia Capital Seed Partners Fund VI, L.P. | — | CA | SEC filing | |
| Sequoia Capital | Sequoia Capital Venture Partners Fund XIX, L.P. | — | CA | SEC filing | |
| HCM S14Ai | HCM S16Aiii LP | — | CA | SEC filing | |
| Valley Capital Partners | Valley Capital Partners IV, L.P. | — | PA | SEC filing | |
| Valley Capital Partners | Valley Capital Partners Offshore IV, L.P. | — | PA | SEC filing | |
| Zero Shot | Zero Shot Fund I LP | — | CA | SEC filing | |
| Cedar Legacy | Cedar Legacy I Holding LLC | — | FL | SEC filing | |
| HF0 | HF0 Fund VI-A, LP | — | CA | SEC filing | |
| Rebel | Rebel Fund III LP | — | PR | SEC filing | |
| Rebel | Rebel Fund III Offshore LP | — | PR | SEC filing | |
| Rebel | Rebel Fund III QP LP | — | PR | SEC filing | |
| GC Venture | GC Venture XII (A-III), L.P. | — | MA | SEC filing | |
| Tiger Global Private Investment Partners | Tiger Global Private Investment Partners XVII Feeder, L.P. | — | NY | SEC filing | |
| Tiger Global Private Investment Partners | Tiger Global Private Investment Partners XVII, L.P. | — | NY | SEC filing | |
| General Catalyst Group | General Catalyst Group XIII Feeder, L.P. | — | NY | SEC filing | |
| General Catalyst Group | General Catalyst Group XIII, L.P. | — | NY | SEC filing | |
| 111 West Capital | 111 West Capital AA LLC | — | WY | SEC filing | |
| Conviction Partners | Conviction Partners Expansion II, L.P. | — | CA | SEC filing | |
| Conviction Partners | Conviction Partners Fund III, L.P. | — | CA | SEC filing | |
| Kingfisher | Kingfisher Select X, LP | — | CO | SEC filing | |
| Paradigm | Paradigm Three LP | — | TX | SEC filing | |
| Paradigm | Paradigm Three (US) Feeder LP | — | TX | SEC filing | |
| Alpine Space Ventures | Alpine Space Ventures Fund II Feeder, L.P. | — | CA | SEC filing | |
| Bain Capital Venture | Bain Capital Venture Fund XI, L.P. | — | MA | SEC filing | |
| Lynett Capital Partners | Lynett Capital Partners IV, LP | — | FL | SEC filing | |
| Smash Capital | Smash Capital Fund II L.P. | — | CA | SEC filing | |
| WCM Partners | WCM Partners Bluebird Parallel, LP | — | CA | SEC filing | |
| Am Tech | Am Tech Fund I LP | — | CA | SEC filing | |
| BCV Emerge | BCV Emerge Fund V, L.P. | — | MA | SEC filing | |
| Fifty Years | Fifty Years Fund V, LP | — | CA | SEC filing | |
| Wild Tree Ventures | WILD Tree Ventures, L.P. | — | CA | SEC filing | |
| Azolla Ventures | Azolla Ventures Catalytic Fund II, LP | — | MA | SEC filing | |
| Azolla Ventures | Azolla Ventures Full-Cycle Fund II, LP | — | MA | SEC filing | |
| Conviction Partners | Conviction Partners Select I, L.P. | — | CA | SEC filing | |
| Magnetic Ventures | Magnetic Ventures Fund III, L.P. | — | FL | SEC filing | |
| Aif | Aif FUND II LP | — | FL | SEC filing | |
| Bettor Capital | Bettor Capital IC, LP | — | NJ | SEC filing | |
| FPG Ad | FPG Ad Ultra III, LP | — | IL | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 56 | 33 | $3.77B |
| New York | 20 | 35 | $357M |
| Texas | 19 | 12 | $760M |
| Florida | 19 | 8 | $343M |
| Massachusetts | 15 | 6 | $1.85B |
| Washington | 6 | 106 | $6.1B |
| Colorado | 5 | 0 | $163M |
| Puerto Rico | 4 | 3 | $76.8M |
| Utah | 4 | 3 | $66.2M |
| Pennsylvania | 4 | 1 | $19M |
| Connecticut | 3 | 2 | $62.9M |
| Michigan | 3 | 0 | $22.7M |
| North Carolina | 2 | 6 | $12M |
| Virginia | 2 | 3 | $15M |
| New Jersey | 2 | 2 | $30M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 85 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 46 | 107 | $4.39B |
| Healthcare | 20 | 39 | $1.45B |
| B2B Software | 19 | 30 | $926M |
| Cybersecurity | 15 | 8 | $932M |
| Biotech & Pharma | 12 | 34 | $312M |
| Media, Gaming & Creator | 12 | 16 | $250M |
| Deep Tech | 11 | 32 | $356M |
| Hardware & Robotics | 11 | 18 | $7.46B |
| Fintech | 9 | 14 | $408M |
| Climate & Energy | 8 | 49 | $1.49B |
| Developer Tools | 6 | 12 | $192M |
| Industrial & Manufacturing | 6 | 6 | $1.56B |
| Insurtech | 6 | 3 | $9M |
| Crypto & Web3 | 5 | 10 | $132M |
| Mobility & Logistics | 4 | 53 | $24M |
New SPVs and deal vehicles in March 2026
The 50 largest of 381; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| Broadvail | BroadVail Fund IV Sidecar II, L.P. | $109M | TX | SEC filing | |
| Banner VC | Banner VC Co-invest I, LP | $75M | TX | SEC filing | |
| Eclipse | Eclipse SPV XXIX, L.P. | $50M | CA | SEC filing | |
| CH Ventures | CH Ventures III (Parallel), L.P. | $50M | NC | SEC filing | |
| Avo Technology | Avo AI XV a Series of Avo Technology Fund LP LLC | $49M | DE | SEC filing | |
| Parkway | Parkway Co-Investment 14 (HL SA) QP LP | $36M | NY | SEC filing | |
| Thirdbase | Thirdbase Opportunity LP - Series SX II | $28.4M | NY | SEC filing | |
| The Gate Strategic | Nexus I a Series of The Gate Strategic Opportunities LLC | $25.7M | DE | SEC filing | |
| Boardman Bay Ventures | Boardman Bay Ventures, LP - Series I | $21.9M | NY | SEC filing | |
| Giant Step Capital Specials | BlueDot, a series of Giant Step Capital Specials, LP | $20.6M | IL | SEC filing | |
| Boardman Bay Ventures | Boardman Bay Ventures, LP - Series Q | $15.8M | NY | SEC filing | |
| GSBackers Axiom Math | GSBackers Axiom Math Fund II a Series of CGF2021 LLC | $13.5M | DE | SEC filing | |
| 224 Ventures | 224 Ventures SPV Series LP, Series A1 | $12.3M | CA | SEC filing | |
| EHZ | X Series VA a Series of EHZ LLC | $11.6M | DE | SEC filing | |
| Green Visor Capital | Green Visor Capital SPV V, LP | $10.6M | NY | SEC filing | |
| Juniper | Juniper Co-Invest - Axiom Series A, LP | $10.3M | IN | SEC filing | |
| Raba Partners | Lorum Feb 2026 a Series of Raba Partners LLC | $10M | DE | SEC filing | |
| Giant Step Capital Specials | BlueDot x Varanium, a series of Giant Step Capital Specials, LP | $10M | IL | SEC filing | |
| Nanostar Ventures | Nanostar Ventures Fund1, a series of Nanostar Ventures, LP | $10M | WA | SEC filing | |
| Western Frontier | 1864 FUND - a Series of Western Frontier Master LLC | $10M | NV | SEC filing | |
| Kindred Capital | Kindred Capital Co-Invest III LP | $9.49M | CT | SEC filing | |
| SPLY Capital | SPLY Capital Funds LLC - Series 18 | $8.8M | DE | SEC filing | |
| Essence | Essence Co-Invest FUND, LP | $8M | WA | SEC filing | |
| GSBackers Rhoda AI | GSBackers Rhoda AI Fund II a Series of CGF2021 LLC | $7.01M | DE | SEC filing | |
| GSBackers Axiom Math | GSBackers Axiom Math Fund I a Series of CGF2021 LLC | $6.79M | DE | SEC filing | |
| GSBackers Vulcan Elements | GSBackers Vulcan Elements Fund I a Series of CGF2021 LLC | $6.76M | DE | SEC filing | |
| GSBackers Varda Space | GSBackers Varda Space Fund III a Series of CGF2021 LLC | $6.51M | DE | SEC filing | |
| Duvvuru AI Investments | Duvvuru AI Investments II a Series of CGF2021 LLC | $6.01M | DE | SEC filing | |
| 201 Ventures | S-0226 SPV, a series of 201 Ventures Co-Invest LP | $5.78M | U3 | SEC filing | |
| K5 Tech | K5 Tech Fund II, LP - Series 203 | $5.74M | FL | SEC filing | |
| AGC AI Nexus | AGC Replit V a Series of AGC AI Nexus Fund LLC | $5.71M | DE | SEC filing | |
| Zelda Ventures | Zelda Ventures SPV 1, LLC | $5.58M | CA | SEC filing | |
| Boardman Bay Ventures | Boardman Bay Ventures, LP - Series Q7 | $5.5M | NY | SEC filing | |
| Capital Factory SPVs | SA-0226 Fund I, a series of Capital Factory SPVs, LP | $5.35M | TX | SEC filing | |
| GSBackers Saronic | GSBackers Saronic Fund II a Series of CGF2021 LLC | $5.01M | DE | SEC filing | |
| Giant Step Capital Specials | Sun Ship, a series of Giant Step Capital Specials, LP | $5.01M | IL | SEC filing | |
| Consortium | Fund I, a series of Consortium, LP | $5M | WA | SEC filing | |
| First Call Capital | Varadh & Evan Fund I, a series of First Call Capital, LP | $5M | WA | SEC filing | |
| Yale Angels | Fund I, a series of Yale Angels, LP | $5M | WA | SEC filing | |
| Thirdbase | Thirdbase Opportunity LP - Series ER II | $4.9M | NY | SEC filing | |
| Alpha Excel Associates | Alpha Excel Associates LLC - Series I | $4.86M | NY | SEC filing | |
| Thirdbase | Thirdbase Opportunity LP - Series XA | $4.5M | NY | SEC filing | |
| Florence Cap | Florence Capital SPV XIX LLC a Series of Florence Cap LLC | $4.5M | DE | SEC filing | |
| Boost VC | MO-0129 Fund I, a series of Boost VC SPV, LP | $4.37M | CA | SEC filing | |
| SMV | SMV Opportunities Fund LP - Series 1 | $4.19M | GA | SEC filing | |
| Coolwater Investments | SpaceX1 Feb 2026 a Series of Coolwater Investments LLC | $4.11M | DE | SEC filing | |
| MVP | MVPJOYB25, a series of MVP II Co-Invest LLC | $4.06M | CA | SEC filing | |
| GSBackers Starcloud | GSBackers Starcloud Fund I a Series of CGF2021 LLC | $4.01M | DE | SEC filing | |
| GMW Landline | GMW Landline II SPV, LLC | $4M | DE | SEC filing | |
| SGV | SGV42, a Series of SGV I, LLC | $3.87M | 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 March 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.