October 2024 was strong month for venture capital fundraising, with a range of established and emerging firms announcing significant funds to support high-potential startups. From deep tech to fintech and cross-border ventures, these funds reflect the industry’s continued focus on early-stage innovation and strategic follow-on investments.
Notable among these was General Catalyst, securing a record-breaking $8 billion, while other firms like Lightspeed and Adams Street Partners also raised substantial funds aimed at supporting both early-stage and growth-stage opportunities.
Here’s a roundup of the venture funds launched this month, highlighting the diverse strategies and target sectors fueling VC interest across the globe.
1. DCVC
Fund size: $400M fund
DCVC Bio, an investment firm that invests in early stage deep tech startups, has raised a third bio fund in the amount of $400 million.
2. Lightspeed
Fund size: $7B fund
Lightspeed Venture Partners is in the market to raise $7 billion, 40% of which would go to an opportunity fund that would do follow-on investments in portfolio companies as well as late-stage startups.
3. KdT Ventures
Fund size: $100M fund
KdT Ventures, VC firm, has raised approximately $100 million for its fourth fund. KdT backs startups that are using computational tools in areas like healthcare, chemicals, and agriculture.
4. Adams Street Partners
Fund size: $1.2B fund
Adams Street Partners, a leading private equity and VC firm, has raised a $1.2 billion venture fund to invest in startups, secondaries, and other venture funds.
5. Buckley Ventures
Fund size: $250M fund
Adams Street Partners, VC firm launched by former Product Hunt CEO Josh Buckley, is in the market to raise a $250 million fund.
6. 20VC
Fund size: $400M fund
20VC, a venture firm started by podcaster Harry Stebbings to invest in European startups, has raised a third fund in the amount of $400 million.
7. Van Eck
Fund size: $30M fund
Van Eck, an investment firm, has launched a $30 million venture fund to invest in early-stage invest crypto, AI, and fintech deals.
8. MindWorks
Fund size: $220M fund
MindWorks, a Hong Kong venture firm, has raised a $220 million fund to invest in startups in China and Southeast Asia in areas such as cross-border logistics, cross-border finance, and smart manufacturing.
9. Benchmark
Fund size: $170M
Benchmark Partners, one of Silicon Valley’s most successful investors, has stuck to raising approximately $425 million in capital every few years.
10. Infinity Ventures
Fund size: $184M
Infinity Ventures, an early-stage venture firm investing in companies enabling the future of fintech and commerce, announced today that it has raised a $184 million Fund II.
11. Chemistry
Fund size: $350M
Chemistry, a new venture capital firm, has raised $350 million for its debut fund, with plans to invest in early-stage startups.
12. General Catalyst
Fund size: $8B
General Catalyst, an U.S. venture capital giant, has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally.
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