New venture funds filed in May 2026
162 new venture funds and 320 SPVs filed their first Form D with the SEC in May 2026, with $7.68B in total target capital across the 89 funds that stated a size. The largest were Westly Capital Partners Fund V, L.P. (Westly), Engine Ventures Scale Up Fund I, L.P. (Engine) and DCVC Energy & Climate II, L.P. (DCVC), at $500M each; California led with 79 new funds; the most common sponsor sectors were AI & ML (41), Healthcare (18) and B2B Software (16). New fund filings were down 12% from April 2026 (185).
Updated from SEC Form D filings · How we count · Methodology
- New funds
- 162
- 185 in April
- New SPVs
- 320
- 428 in April
- Target capital
- $7.68B
- across 89 funds with a stated size
- Median fund
- $40M
- offering size
- Largest fund
- $500M
- 3 tied
- Sponsoring firms
- 123
- most in California
What was the largest venture fund filed in May 2026?
Westly Capital Partners Fund V, L.P. (Westly), Engine Ventures Scale Up Fund I, L.P. (Engine) and DCVC Energy & Climate II, L.P. (DCVC) tied at $500M each.
Which states had the most new venture funds in May 2026?
California (79), New York (33), Massachusetts (14), Florida (7) and Texas (5), counted by the sponsoring firm's home state. California's new funds target $2.83B in total.
What sectors do the firms behind May's new funds invest in?
AI & ML (41), Healthcare (18), B2B Software (16), Cybersecurity (13) and Biotech & Pharma (11) lead, by the sectors each sponsoring firm backs. 96 of the 162 funds come from firms with no sector on record yet.
How many SPVs were filed in May 2026?
320 new SPVs and other deal vehicles filed a first Form D in May 2026, against 162 new funds. SPVs are single-deal or co-investment vehicles and are counted separately from funds.
How does May 2026 compare with April 2026?
162 new funds against 185 (−12%), 320 SPVs against 428, and $7.68B of target capital against $17.2B.
Every new venture fund in May 2026
162 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 |
|---|---|---|---|---|---|
| Westly | Westly Capital Partners Fund V, L.P. | $500M | CA | SEC filing | |
| Engine | Engine Ventures Scale Up Fund I, L.P. | $500M | MA | SEC filing | |
| DCVC | DCVC Energy & Climate II, L.P. | $500M | CA | SEC filing | |
| WCV | WCV II, L.P. | $400M | CA | SEC filing | |
| Copper Sky Capital | Copper Sky Capital II, L.P. | $300M | AZ | SEC filing | |
| Mirae Asset | Mirae Asset New Paradigm Fund, L.P. | $300M | NY | SEC filing | |
| Newpath Partners | Newpath Partners IV, L.P. | $300M | MA | SEC filing | |
| Era Compute Investment | Era Compute Investment Fund LP | $250M | NY | SEC filing | |
| SkyBeam Venture Partners | SkyBeam Venture Partners Fund I LP | $250M | NY | SEC filing | |
| Menlo | Menlo AI Leaders II, L.P. | $250M | CA | SEC filing | |
| Gore Range Capital | Gore Range Capital Fund III LLC | $250M | TX | SEC filing | |
| Blumberg Capital | Blumberg Capital VI, L.P. | $225M | FL | SEC filing | |
| Ansa Capital | Ansa Capital Fund II, L.P. | $200M | NY | SEC filing | |
| FCA Hi - JV | FCA Health Innovations III AI, LP | $175M | TN | SEC filing | |
| FCA Hi - JV | FCA Health Innovations III QP, LP | $175M | TN | SEC filing | |
| SAF PIC | SAF FSC2 LP | $167M | CA | SEC filing | |
| Argo | Argo Fund I, L.P. | $165M | NY | SEC filing | |
| 8VC STSD | 8VC STSD-B, LLC | $150M | TX | SEC filing | |
| 8090 Industries | 8090 Industries Flagship Fund, LP | $150M | NY | SEC filing | |
| Protagonist | Protagonist AI II LP | $150M | FL | SEC filing | |
| Suffolk Technologies | Suffolk Technologies Fund 2, L.P. | $150M | MA | SEC filing | |
| Tribe Capital | Tribe Capital AI Fund VII, L.P. | $120M | CA | SEC filing | |
| Peritas Investments | Peritas Investments 1, LP | $100M | NY | SEC filing | |
| Altimeter | Altimeter Growth Olympic Fund VIII, L.P. | $100M | MA | SEC filing | |
| MW LSV Starcloud | MW LSV Starcloud II, LLC | $100M | CA | SEC filing | |
| Draper Dragon Orion | Draper Dragon Orion Fund, L.P. | $80M | CA | SEC filing | |
| Supermoon Capital | Supermoon Capital Fund II, L.P. | $75M | CA | SEC filing | |
| ex/ante | ex/ante Fund II, LP | $75M | NY | SEC filing | |
| Entropy Ventures | Entropy Ventures Fund I LP | $70M | NY | SEC filing | |
| Schematic Ventures | Schematic Ventures Fund III, LP | $60M | CA | SEC filing | |
| Mirae Asset | Mirae Asset Capital Life Science Inception I, LP | $51M | NY | SEC filing | |
| SAF PIC | SAF PIC LP | $50.1M | CA | SEC filing | |
| Sandlot Ventures | Sandlot Ventures Fund I-A, L.P. | $50M | NY | SEC filing | |
| Sandlot Ventures | Sandlot Ventures Fund I, L.P. | $50M | NY | SEC filing | |
| Autilus Emerging VC Managers | Autilus Emerging VC Managers Fund I, LP | $50M | CA | SEC filing | |
| Tall Ventures | Tall Ventures Fund I, L.P. | $50M | CA | SEC filing | |
| Refactor Capital | Refactor Capital V, L.P. | $50M | CA | SEC filing | |
| Tribe Capital | Tribe Capital Fintech Fund I, L.P. | $50M | CA | SEC filing | |
| GX Expedition | GX Expedition Fund I, LP | $50M | MO | SEC filing | |
| Fundomo | Fundomo ME-002, LP | $45M | NY | SEC filing | |
| Island Green | Island Green IA LP | $41.4M | CA | SEC filing | |
| Backwards Capital | Backwards Capital Fund II LP | $40M | NY | SEC filing | |
| Commodity Capital | Commodity Capital Fund II, LP | $40M | CA | SEC filing | |
| MonCap Fertility | MonCap Fertility Gamma, L.P. | $40M | CO | SEC filing | |
| Proximity Quest | Proximity Quest I, LLC | $40M | NY | SEC filing | |
| Hantz Ventures | Hantz Ventures - PF III (QP) LLC | $36M | MI | SEC filing | |
| Massive | Massive Fund II, LP | $30M | CO | SEC filing | |
| Ribbit Founder | Ribbit Founder Fund Z, L.P. | $30M | CA | SEC filing | |
| Discipulus Ventures | Discipulus Ventures II, LP | $30M | WA | SEC filing | |
| Barrel Ventures | Barrel Ventures III LP | $30M | IL | SEC filing | |
| Tribe Capital | Tribe Capital Autonomous Fund I, L.P. | $27.6M | CA | SEC filing | |
| BGA Private | BGA Private Opportunities Fund, LLC - BVXV Series | $27M | MA | SEC filing | |
| Linse Capital | Linse Capital Stellar II-B LP | $26M | PR | SEC filing | |
| TEAMFund | TEAMFund II, LP | $25.8M | VA | SEC filing | |
| Crosscourt Ventures | Crosscourt Ventures II, LP | $25M | CA | SEC filing | |
| Ahead VC | Ahead VC AI Fund, LP | $25M | CA | SEC filing | |
| U&I Ventures | U&I Ventures Fund I, L.P. | $25M | CA | SEC filing | |
| Unbundled Capital | Unbundled Capital 2.0 Findd, L.P. | $23M | TX | SEC filing | |
| Agi House Ventures | Agi House Ventures FUND I, LP | $21.1M | CA | SEC filing | |
| FA Innovation | FA Innovation Fund LP | $20.5M | FL | SEC filing | |
| Sparrow Group | Sparrow Group, L.P. | $20M | NY | SEC filing | |
| XGS Funding | XGS Funding LLC | $20M | FL | SEC filing | |
| Menlo Inflection | Menlo Inflection Atlas Partners, L.P. | $20M | CA | SEC filing | |
| 8VC CASD | 8VC CASD, LLC | $20M | TX | SEC filing | |
| Kindred | Kindred GMF3, L.P. | $19M | CA | SEC filing | |
| APV RPLT | APV MACH 2026 LLC | $15.3M | NY | SEC filing | |
| New Legacy | New Legacy Opportunity Fund II, LP | $15.1M | NY | SEC filing | |
| Niya Partners | Niya Partners OX LLC | $11.3M | DE | SEC filing | |
| Fundomo | Fundomo FA-001, LP | $10.3M | NY | SEC filing | |
| Island Green | Island Green OS LP | $10.3M | CA | SEC filing | |
| Fund That Tiger | Fund That Tiger I, LLC | $10M | SC | SEC filing | |
| Tribe Capital | Tribe Capital Firstlook DAT-01, L.P. | $10M | CA | SEC filing | |
| Liquid | Liquid 2 Ventures Fund Series-06, L.P. | $9.39M | CA | SEC filing | |
| House | House Holdings 1.1, LP | $9.15M | NJ | SEC filing | |
| Linse Ignition | Linse Ignition TE LP | $9.07M | NV | SEC filing | |
| MHS Capital Partners | MHS Capital Partners ST, LLC | $8.5M | CA | SEC filing | |
| Valor Ventures | Valor Ventures PL, L.P. | $8.5M | GA | SEC filing | |
| Skeleton Key SciTech | Skeleton Key SciTech Fund I, L.P. | $8M | MA | SEC filing | |
| RV Zetta | RV Zetta 2026, L.P. | $6.82M | FL | SEC filing | |
| Banyan Ventures | Banyan Ventures Fund II, L.P. | $6.26M | NY | SEC filing | |
| Snowy Leopard Ventures | Snowy Leopard Ventures Fund I, LP | $6M | CA | SEC filing | |
| OT Robotics | OT Robotics Fund I, LLC | $5.95M | MA | SEC filing | |
| Mirae Asset | Mirae Asset BioHealth Ingenuity Fund I, LP | $5.37M | NY | SEC filing | |
| C C Prime | C C Prime I, LLC | $5M | TX | SEC filing | |
| Washington Harbour | Washington Harbour Navigation LLC | $5M | VA | SEC filing | |
| OurCrowd | OurCrowd (Investment in 2ndSpcX-ZB2) L.P. | $4.14M | L3 | SEC filing | |
| MHS Capital Partners | MHS Capital Partners IN, LLC | $4M | CA | SEC filing | |
| MHS Capital Partners | MHS Capital Partners CE, LLC | $3M | CA | SEC filing | |
| LOVC Or | LOVC OR Opportunity Fund-A L.P. | $3M | FL | SEC filing | |
| Daybreak | Daybreak Ventures Opportunities 3, LLC | — | NY | SEC filing | |
| Deviation | Deviation Capital V LP | — | NY | SEC filing | |
| Strategic | Strategic Investors Fund XII-A, L.P. | — | MA | SEC filing | |
| Tandem Ventures | Tandem Ventures Fund II, LP | — | UT | SEC filing | |
| Waybury | Waybury Capital II, LP | — | CA | SEC filing | |
| Solaris Ventures | Solaris Ventures Fund I, LP | — | CA | SEC filing | |
| GC Venture | GC Venture XIII (D), L.P. | — | MA | SEC filing | |
| Rackhouse | Rackhouse Venture Capital III LP | — | CA | SEC filing | |
| Render Capital | Render Capital Fund 2 (2026), L.P. | — | IN | SEC filing | |
| AMP Foundry | AMP Foundry Fund I, L.P. | — | CA | SEC filing | |
| Founders United | Founders United FUND I LLC | — | MA | SEC filing | |
| Massey Hall Investments | Massey Hall Investments LP | — | CA | SEC filing | |
| Amplify | Amplify Partners III CV, L.P. | — | CA | SEC filing | |
| Brave Capital | Brave Capital Opportunity Fund LP | — | CA | SEC filing | |
| Quiet | Quiet Select HL LP | — | CA | SEC filing | |
| Lorimer Ventures | Lorimer Ventures Fund 2 LP | — | NY | SEC filing | |
| Lorimer Ventures | Lorimer Ventures Fund 2 QP LP | — | NY | SEC filing | |
| Drawing Hands | Drawing Hands 2 LP | — | CA | SEC filing | |
| Lightspeed | Lightspeed SU Holdings, LLC | — | CA | SEC filing | |
| Print Gallery | Print Gallery LP | — | CA | SEC filing | |
| Ridge Ventures | Ridge Ventures VI, L.P. | — | CA | SEC filing | |
| Embedded Ventures | Embedded Ventures 2026-I LLC | — | CA | SEC filing | |
| Fulcrum | Fulcrum Opportunities Vehicle I LP | — | CA | SEC filing | |
| GC Venture | GC Venture XIII (P), L.P. | — | MA | SEC filing | |
| Sundeck Investments | Sundeck Investments LP | — | CA | SEC filing | |
| Greenoaks 6 Gallery | Greenoaks 6 Gallery LP | — | CA | SEC filing | |
| HighPost | HighPost Revolution Fund, L.P. | — | FL | SEC filing | |
| Lightspeed | Lightspeed INF Holdings, LLC | — | CA | SEC filing | |
| 2026 FAN Pier | 2026 FAN Pier FUND A, L.P. | — | MA | SEC filing | |
| 2026 FAN Pier | 2026 FAN Pier FUND B, L.P. | — | MA | SEC filing | |
| Breyer Zou Ventures | Breyer Zou Ventures I, LP | — | CA | SEC filing | |
| Greenfield Partners | Greenfield Partners Fund IV, L.P. | — | CT | SEC filing | |
| XZ Crusoe | XZ Crusoe B LLC | — | NY | SEC filing | |
| Mantis Capital | Mantis Capital Fund IV, LP | — | CA | SEC filing | |
| Cambium Capital | Cambium Capital Tamarind LP | — | MD | SEC filing | |
| Carry Venture Capital | Carry Venture Capital Fund I, LP | — | NC | SEC filing | |
| GC Venture | GC Venture XII (A-IV), L.P. | — | MA | SEC filing | |
| HCM | HCM G I, L.P. | — | CA | SEC filing | |
| Analog Ventures | Analog Ventures III, L.P. | — | CA | SEC filing | |
| BSF | BSF III Advisor, LP | — | CA | SEC filing | |
| HCM | HCM G II, L.P. | — | CA | SEC filing | |
| Liberty City Ventures AI | Liberty City Ventures AI Fund LLC | — | NY | SEC filing | |
| MAVRK Celestia | MAVRK Celestia Fund, LP | — | CA | SEC filing | |
| Eniac | Eniac Special Omicron LLC | — | NY | SEC filing | |
| Eniac | Eniac Special Pi LLC | — | NY | SEC filing | |
| Eniac | Eniac Special Xi LLC | — | NY | SEC filing | |
| HCM | HCM G III, L.P. | — | CA | SEC filing | |
| HCM | HCM G IV, L.P. | — | CA | SEC filing | |
| HCM | HCM G IX, L.P. | — | CA | SEC filing | |
| HCM | HCM G VIII, L.P. | — | CA | SEC filing | |
| HCM | HCM G VII, L.P. | — | CA | SEC filing | |
| HCM | HCM G VI, L.P. | — | CA | SEC filing | |
| HCM | HCM G V, L.P. | — | CA | SEC filing | |
| HCM | HCM G XIII, L.P. | — | CA | SEC filing | |
| HCM | HCM G XII, L.P. | — | CA | SEC filing | |
| HCM | HCM G XI, L.P. | — | CA | SEC filing | |
| HCM | HCM G XIV, L.P. | — | CA | SEC filing | |
| HCM | HCM G X, L.P. | — | CA | SEC filing | |
| HCM | HCM G XV, L.P. | — | CA | SEC filing | |
| Sound Ventures | Sound Ventures AI Co-Investment A-IV, L.P. | — | CA | SEC filing | |
| Translink Capital Partners | Translink Capital Partners VI, LP | — | CA | SEC filing | |
| Aal VC | AAL VC Fund II, LP | — | WA | SEC filing | |
| Daybreak | Daybreak Ventures Opportunities 4, LLC | — | NY | SEC filing | |
| MC Longevity | MC Tech VI Feeder LP | — | NY | SEC filing | |
| OPEN Unicorn | OPEN Unicorn Fund II-A, LP | — | NY | SEC filing | |
| Ten Eleven | Ten Eleven Fund IV, L.P. | — | CA | SEC filing | |
| Wisteria Investments | Wisteria Investments LP | — | CA | SEC filing | |
| HCM | HCM G XIX, L.P. | — | CA | SEC filing | |
| HCM | HCM G Xviii, L.P. | — | CA | SEC filing | |
| HCM | HCM G Xvii, L.P. | — | CA | SEC filing | |
| HCM | HCM G XVI, L.P. | — | CA | SEC filing | |
| HCM | HCM G XX, L.P. | — | CA | SEC filing | |
| MQ Partners | MQ Partners LP | — | CA | SEC filing |
New funds by state
By the sponsoring firm’s home state.
| State | New funds | SPVs | Fund target |
|---|---|---|---|
| California | 79 | 29 | $2.83B |
| New York | 33 | 34 | $1.91B |
| Massachusetts | 14 | 5 | $1.09B |
| Florida | 7 | 13 | $425M |
| Texas | 5 | 7 | $448M |
| Washington | 2 | 76 | $30M |
| Virginia | 2 | 3 | $30.8M |
| Colorado | 2 | 0 | $70M |
| Tennessee | 2 | 0 | $350M |
| Delaware | 1 | 102 | $11.3M |
| North Carolina | 1 | 12 | — |
| Michigan | 1 | 6 | $36M |
| Connecticut | 1 | 4 | — |
| Illinois | 1 | 3 | $30M |
| Nevada | 1 | 3 | $9.07M |
New funds by sector
By the sectors the sponsoring firm backs; a fund counts in each. 96 funds’ firms have no sector on record.
| Sector | New funds | SPVs | Fund target |
|---|---|---|---|
| AI & ML | 41 | 73 | $3.91B |
| Healthcare | 18 | 35 | $1.3B |
| B2B Software | 16 | 13 | $1.34B |
| Cybersecurity | 13 | 7 | $344M |
| Biotech & Pharma | 11 | 17 | $1.36B |
| Fintech | 9 | 29 | $293M |
| Industrial & Manufacturing | 7 | 13 | $607M |
| Climate & Energy | 6 | 48 | $1.23B |
| Deep Tech | 5 | 31 | $776M |
| Crypto & Web3 | 5 | 7 | $208M |
| Real Estate & PropTech | 4 | 8 | $506M |
| Mobility & Logistics | 3 | 47 | $90M |
| Space | 3 | 22 | $531M |
| Media, Gaming & Creator | 3 | 17 | — |
| Hardware & Robotics | 3 | 14 | $506M |
New SPVs and deal vehicles in May 2026
The 50 largest of 320; each sponsor’s profile lists the rest of its deal vehicles.
Show the 50 largest SPVs
| Firm | Fund | Size | State | First filed | Source |
|---|---|---|---|---|---|
| 8090 Industries | NScale, a Series of 8090 Industries Master Series, LP | $125M | NY | SEC filing | |
| Odyssey Handshake | Odyssey Handshake I SPV, LP | $61.3M | X0 | SEC filing | |
| Eclipse | Eclipse SPV XXXII, L.P. | $51M | CA | SEC filing | |
| 8090 Industries | Monarch, a Series of 8090 Industries Master Series, LP | $41.3M | NY | SEC filing | |
| CFG Sheffield WED | CFG Sheffield WED SPV, LLC | $40M | MA | SEC filing | |
| DataPower Capital Partners | DPV SPX VII a Series of DataPower Capital Partners LLC | $37.7M | DE | SEC filing | |
| Astro | Astro Investment XVIII a Series of Astro Funds LLC | $31.5M | NY | SEC filing | |
| 8090 Industries | Zenith III, a Series of 8090 Industries Master Series, LP | $30M | NY | SEC filing | |
| Figure PML | Figure PML SPV 1 LP | $29M | FL | SEC filing | |
| Hark PML | Hark PML SPV 1 LP | $23.6M | FL | SEC filing | |
| CLPP 2604 SX Sensor DC | CLPP 2604 SX SENSOR DC HOLDINGS a Series of CGF2021 LLC | $20.6M | DE | SEC filing | |
| 8090 Industries | Exowatt II, a Series of 8090 Industries Master Series, LP | $16.4M | NY | SEC filing | |
| AGC AI Nexus | AGC Tensordyne I a Series of AGC AI Nexus Fund LLC | $15.9M | DE | SEC filing | |
| Bloom | BVP V a Series of Bloom Opportunities Fund II LLC | $14.7M | MI | SEC filing | |
| MVP | MVPAXIA26, a series of MVP II Co-Invest LLC | $14.1M | CA | SEC filing | |
| Efo | EFO Opportunity Fund I Apr 2026 a Series of CGF2021 LLC | $14.1M | DE | SEC filing | |
| Loyola Vista | FR-0108 Fund II, a series of Loyola Vista, LP | $12.5M | CA | SEC filing | |
| MVP | MVPSARD26, a series of MVP II Co-Invest LLC | $11.9M | CA | SEC filing | |
| Alexandria Capital | Alexandria Capital I a Series of CGF2021 LLC | $11.1M | DE | SEC filing | |
| Eclipse | Eclipse SPV XXXIII, L.P. | $10.2M | CA | SEC filing | |
| Silent Capital | Silent Capital XXXII, a series of Silent Capital Holdings, LP | $9.51M | WA | SEC filing | |
| DataPower Capital Partners | DPV Titan I a Series of DataPower Capital Partners LLC | $9.15M | DE | SEC filing | |
| Kindred Capital | Kindred Capital Co-Invest IV LP | $9M | CT | SEC filing | |
| What If Ventures | ACS B a Series of What If Ventures Master LLC | $8.29M | DE | SEC filing | |
| SGV | SGV46, A Series of SGV I, LLC | $7.83M | CA | SEC filing | |
| PCV Fund I Partners | PCV Fund I Partners - Recur, LP | $7.52M | IL | SEC filing | |
| Kalea Ventures | Kalea Ventures Funds LLC - Series I MSAI | $6.65M | DE | SEC filing | |
| Bloom | BVP VII a Series of Bloom Opportunities Fund II LLC | $6.58M | MI | SEC filing | |
| Legion | Fund Gamma, a series of Legion Community Fund, LP | $5.97M | NY | SEC filing | |
| AGC AI Nexus | AGC Perplexity AI Inc I a Series of AGC AI Nexus Fund LLC | $5.23M | DE | SEC filing | |
| Litquidity Ventures | Litquidity Ventures Fund LLC - Series 51 | $5.04M | DE | SEC filing | |
| GSBackers Arcade | GSBackers Arcade Fund I a Series of CGF2021 LLC | $5.01M | DE | SEC filing | |
| 8090 Industries | Avalanche, a Series of 8090 Industries Master Series, LP | $5M | NY | SEC filing | |
| EurasianHub Ventures | Nur 1, a series of EurasianHub Ventures, LP | $5M | X0 | SEC filing | |
| Composite Capital | Fund I, a series of Composite Capital I, LP | $5M | WA | SEC filing | |
| AGC AI Nexus | AGC Wealt Periodic Labs I a Series of AGC AI Nexus Fund LLC | $4.74M | DE | SEC filing | |
| THVC | THVC (Pendulum Note), LLC | $4.5M | CA | SEC filing | |
| GSBackers Narrative | GSBackers Narrative Fund I a Series of CGF2021 LLC | $4.46M | DE | SEC filing | |
| Bloom | BVP VI a Series of Bloom Opportunities Fund II LLC | $4.26M | MI | SEC filing | |
| AGC AI Nexus | AGC Together AI II a Series of AGC AI Nexus Fund LLC | $4.22M | DE | SEC filing | |
| GSBackers Corgi | GSBackers Corgi Fund III a Series of CGF2021 LLC | $4.01M | DE | SEC filing | |
| Socrates | Socrates Angel Fund 1 a Series of CGF2021 LLC | $3.67M | DE | SEC filing | |
| Florence Cap | Florence Capital SPV XX a Series of Florence Cap LLC | $3.58M | DE | SEC filing | |
| Interface | Interface Fund SC a Series of SLRTE I LLC | $3.48M | DE | SEC filing | |
| Day One Ventures Syndicate | ST-0512 Fund I, a series of Day One Ventures Syndicate, LP | $3.28M | WA | SEC filing | |
| Flywheel Capital | 4P RTB FAAS a Series of Flywheel Capital Master LLC | $3.2M | CA | SEC filing | |
| Companyon | FL-0212 Fund VII, a series of Companyon Sidecar, LP | $3.15M | WA | SEC filing | |
| Uncommon | Uncommon Group Opportunities I a Series of CGF2021 LLC | $3.06M | CA | SEC filing | |
| StrongCap | Higgs, a series of StrongCap, LP | $3.02M | PR | SEC filing | |
| Nene | Nene SPV I, LP | $3M | HI | 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 May 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.