Recent Fund Formations Represented by Gunderson Dettmer*

Gunderson Dettmer is the recognized leader in the venture capital and growth equity fund formation marketplace. We routinely negotiate close to one-third of every venture capital dollar raised worldwide. Clients rely on our market knowledge and counsel to help balance the competing interests of limited partners, general partners, employees and portfolio companies, optimizing results for prevailing market trends.

*This fund formations list is exclusive to firms that have made public announcements and is not comprehensive of all work completed recently.

SignalFire Secures $1B in New Funding
Leading venture capital firm known for its data-driven investment approach, SignalFire, successfully closes over $1 billion across multiple new funds

8VC Announces $998 Million Fund, 8VC Fund VI
8VC announced 8VC Fund VI, a $998 million new fund that will be invested across market sectors that will help “lead society forward,” such as life sciences, healthcare, defense, logistics, enterprise and education

Angular Ventures Announces $125 Million New Fund, Angular Ventures III
Angular Ventures announced the formation of Angular Ventures III, a $125 million inception-stage fund dedicated for technical founders across Europe and Israel

Conviction Partners Secures $230 Million Second Fund
Conviction Partners announces the formation of its $230 million second fund to continue investing in AI companies

Vensana Capital Closes $425 Million Fund III
Vensana Capital announces Vensana Capital III, a $425 million fund formation that will be used to invest in the medtech sector

VC Firm Benchstrength Announces $62M Debut Fund
NYC-based venture capital firm, Benchstrength, announces its $62 million debut fund

Women-Led Healthcare and Life Sciences VC Firm INITIATE Ventures Announces $45M Debut Firm
INITIATE Ventures announces its $45 million debut fund to invest in companies at the intersection of healthcare, life sciences, and technology

Women-Led BBG Ventures Announces $60M Fund Formation
BBG Ventures announces its $60 million fund, broadening its focus to invest in startups led by women and other diverse founders

DCVC Bio Announces $400M Fund Formation
DCVC Bio, a biotechnology venture fund investing in scientific breakthroughs by top innovators, announces the formation of its $400 million fund, DCVC Bio III

Patron Announces $100M Fund II to Back Seed Stage Founders Building for the Next Generation
Patron announces its $100 million Patron Fund II, which will be used to back seed-stage founders building for the next generation of consumers

Kleiner Perkins Announces Two New Funds Totaling $2B
Kleiner Perkins announces KP21, an $825M fund to back early stage companies, and KP Select III, a $1.2B fund to back high inflection investments

Austin-based Ironspring Ventures Announced $100M Fund II
Ironspring Ventures announces the formation of Ironspring Fund II, a $100 million fund, to invest in 20 startups

The Engine Ventures Announces $398M Fund III to Invest in Tough Tech
The Engine Ventures announces the formation of Fund III to invest in the planet’s most challenging problems and create a positive impact on society

Companyon Ventures Announces Fund III
Companyon Ventures announces the formation of its third investment fund to invest in 14 to 16 post-seed, pre-Series A B2B software companies

Eniac Ventures Raises $220M Across Two Fund Formations
Seed-stage firm, Eniac Ventures, announces its new $160M Eniac Ventures VI seed stage fund, as well as its existing $60M Eniac Select I opportunity fund.

Evolution Equity Partners Raises $1.1B for Cybersecurity Investments
Evolution Equity Partners announces Evolution Technology Fund III to back visionary entrepreneurs building next generation cybersecurity companies that safeguard the digital world in the United States, United Kingdom, the EU and Israel.

Boston-Based Underscore VC Announces $58M Fund III
Underscore VC, a Boston-based VC firm that invests in bold B2B software entrepreneurs at pre-Seed and Seed stages, announced its $58 million fund formation

Matter Venture Partners Announces $300M Inaugural Fund to Invest in HardTech
Company focused on building the next generation of HardTech startups, Matter Venture Partners, announced the formation of its $300 million inaugural fund

Ballistic Ventures Announces $360M Fund II to Invest in Cybersecurity
To continue investing in the future of cybersecurity, Ballistic Ventures announced its $360 million Fund II

Artemis Fund Announces $36M Fund II to Invest in Women
To invest in early stage female and diverse founders, the Artemis Fund announced its $36 million second fund formation

AIX Ventures Announces $202M Fund II
AIX Ventures announced the formation of its $202 million fund for early-stage artificial intelligence (AI) companies

TCG Labs-Soleil Announces Over $400M Inaugural Fund Formation
TCG Labs-Soleil announced its inaugural fund of over $400 million to establish and oversee a suite of portfolio companies, each focused on individual single-asset programs.

TCG Crossover Announces TCG Crossover Fund II
Life sciences-focused investment firm, TCG Crossover announces its  $1 billion TCG Crossover Fund II to invest in exceptional entrepreneurs focused on developing better treatment options for patients

Union Square Ventures Announces New $200M Climate Fund
Union Square Ventures announces its new $200 million Climate Fund dedicated to investing, mitigating, and adapting to climate change

Founder Collective Raises $95M Fund V for Seed Stage Investing
Founder Collective announced the closing of $95 million in capital commitments to invest in startups at the seed stage.

Protecto Announces $4M Seed Led by Together Fund
Provider of data privacy solutions across the AI lifecycle, Protecto announced its $4 million Seed financing to strengthen its technical edge by hiring engineering talent and expanding its go-to-market strategic initiatives.

Section 32 Announces $525M Fund 5
Section 32 announced its $525 million fifth fund formation to invest in companies that are "pushing the boundaries" in software and artificial intelligence.

Mercury Announces $160M Mercury Fund V
Mercury announced the $160 million Mercury Fund V, Mercury’s largest to date.