Thirty-four venture capital funds closed, launched, or hit a new milestone in August 2026, representing roughly $10.5 billion in disclosed capital across the deals Everything Startups has tracked this year.
That is a step down from July's $12 billion, but the shape of the month looks familiar: a handful of mega-funds carrying the headline number, and a long tail of specialists raising sub-$50 million vehicles around increasingly narrow theses.
Here is the full breakdown of every fund that closed in August: fund sizes, sectors, geography, and what it means for founders raising right now.
August 2026 Numbers at a Glance
34 unique funds and investment vehicles tracked.
33 funds had disclosed sizes
~$10.5B in total disclosed capital
The five funds driving the headline number:
- Accel: $3.5B across four funds
- a16z Machine Age Fund: $1.1B
- Layer Global: $1.1B
- Blackbird Ventures: $710M
- South Park Commons: $575M
Those five alone account for close to $7 billion of the $10.5 billion total. Strip them out and the median fund size across the rest of August was $125 million, in line with the specialist-heavy pattern we flagged in July: a small group of platforms raising billion-dollar vehicles, and a much larger group of managers competing on focus and access rather than check size.
The Big Five: Funds That Moved the Market
1. Accel, $3.5B
Accel announced $3.5 billion across four new vehicles in August: a $1.35 billion global fund, an $800 million US fund, an $800 million Europe and Israel fund, and a $550 million India fund. The firm invests broadly across software, AI, SaaS, fintech, cybersecurity, consumer tech, and deep tech, from early stage through growth.
2. a16z Machine Age Fund, $1.1B
Andreessen Horowitz's Machine Age Fund closed at $1.1 billion, targeting the physical infrastructure behind AI rather than applications: semiconductors, memory, networking, data centers, robotics, and autonomous systems. United States.
3. Layer Global, $1.1B
Layer Global raised $1.1 billion in first close commitments for its debut fund. Founded by former General Atlantic executive Anton Levy, the strategy is stage agnostic and concentrated on AI-driven growth companies with strong recurring revenue and large markets. Global.
4. Blackbird Ventures, $710M
Blackbird Ventures announced $710 million in new capital, one of the largest venture vehicles raised outside the US this month. The firm backs technology companies from their earliest stages across AI, deep tech, and a broader generalist thesis. Australia and New Zealand.
5. South Park Commons, $575M
South Park Commons closed Fund IV at $575 million, more than double its $275 million predecessor. SPC invests unusually early, sometimes before a founder has committed to a company idea, and is expanding into seed and Series A. Focus areas include AI, robotics, energy, biotech, and scientific infrastructure. United States.
AI Capital Keeps Moving Into Infrastructure
AI is still the dominant theme in venture capital, but what counts as an "AI fund" keeps getting broader. a16z's Machine Age Fund is targeting semiconductors, data centers, networking, and robotics. RunwayVC is backing industrial AI and autonomous systems. Industrial47 is going after deep tech and strategic infrastructure in India.
Rather than funding another generation of AI applications, more capital is moving toward the physical systems required to actually deploy AI at scale, the compute, the power, and the hardware underneath the models. It is the same shift our list of the top 50 AI investors has been tracking all year.
Specialist Funds Keep Multiplying
Some of the smallest funds in August were also the most interesting. Redstone Blue is dedicated entirely to ocean technology. Silent Ventures focuses on defense and national security. Cross Border Impact Ventures targets women's and children's health. Makers Fund stays concentrated on gaming and interactive entertainment. SaaSholic is focused on B2B software in Latin America.
For emerging managers, a tightly defined thesis gives both founders and LPs a clearer reason to choose a smaller fund over a multibillion-dollar generalist. Several of August's new funds, including Silent Ventures and Don't Quit Ventures, run as solo GP vehicles, a structure covered in more depth in our list of the best solo GP VC firms.
Strategic LPs Are Becoming Part of the Strategy
Strategic investors showed up repeatedly in August's LP bases. RunwayVC counts industrial companies including Halliburton and Aker BP among its backers. FGV Capital has financial institutions like MassMutual and Bank of America on its cap table. 224 Ventures built its entire LP network around more than 200 AI operators.
These investors bring more than capital. They can become customers, partners, advisers, hiring channels, and future investors for the fund's portfolio companies, which is increasingly how newer managers are differentiating themselves from generalist funds with deeper pockets but less operational reach.
Fundraising Stays Concentrated at the Top
Despite the steady stream of new specialist funds, the largest established managers keep capturing an outsized share of available LP capital. Accel's $3.5 billion raise alone was larger than most of August's smaller funds combined.
That leaves two very different fundraising markets running side by side: multibillion-dollar platforms with established institutional LP bases, and smaller managers competing through specialization, networks, and geographic focus.
Full List: New VC Funds Announced in August 2026
Below is every fund tracked this month, each linked to its full profile on the Everything Startups VC Funds Database.
1. Accel, $3.5B
Accel announced $3.5 billion across four new vehicles in August: a $1.35 billion global fund, an $800 million US fund, an $800 million Europe and Israel fund, and a $550 million India fund. The firm invests broadly across software, AI, SaaS, fintech, cybersecurity, consumer tech, and deep tech, from early stage through growth.
2. a16z Machine Age Fund, $1.1B
Andreessen Horowitz's a16z Machine Age Fund closed at $1.1 billion, targeting the physical infrastructure behind AI rather than applications: semiconductors, memory, networking, data centers, robotics, and autonomous systems. United States.
3. Layer Global, $1.1B
Layer Global raised $1.1 billion in first close commitments for its debut fund. Founded by former General Atlantic executive Anton Levy, the strategy is stage agnostic and concentrated on AI-driven growth companies with strong recurring revenue and large markets. Global.
4. Blackbird Ventures, $710M
Blackbird Ventures announced $710 million in new capital, one of the largest venture vehicles raised outside the US this month. The firm backs technology companies from their earliest stages across AI, deep tech, and a broader generalist thesis. Australia and New Zealand.
5. South Park Commons, $575M
South Park Commons closed Fund IV at $575 million, more than double its $275 million predecessor. SPC invests unusually early, sometimes before a founder has committed to a company idea, and is expanding into seed and Series A. Focus areas include AI, robotics, energy, biotech, and scientific infrastructure. United States.
6. QuantumLight, $500M
QuantumLight closed its second fund at $500 million. Founded by Revolut co-founder Nik Storonsky and led by CEO Ilya Kondrashov, the firm uses a proprietary AI system called Aleph to screen and evaluate deals, investing globally at growth stage across AI, fintech, SaaS, healthtech, and deep tech.
7. OpenAI Startup Fund, $400M
OpenAI was reported to be backing a new $400 million OpenAI Startup Fund, more than double its first. The strategy covers AI-native companies across healthcare, legal tech, education, energy, robotics, and science, and portfolio companies aren't required to build exclusively on OpenAI's own models.
8. Team8 Capital, $365M announced
Team8 Capital announced $265 million for its third fund plus more than $100 million earmarked for follow-on investments, bringing the round to roughly $365 million announced. The Israel-based investor focuses on AI-native enterprise companies across cybersecurity, software infrastructure, fintech, and digital health. Israel and US.
9. Reach Capital, $265M
Reach Capital closed its fifth flagship fund at $265 million, investing at pre-seed through Series A across education, healthcare, and the future of work, with a growing focus on AI-native founders applying frontier tech to schools, hospitals, and workplaces. United States.
10. Makers Fund, $250M
Makers Fund closed its fourth flagship fund at $250 million. The specialist investor focuses on gaming and interactive entertainment, with a mandate that increasingly reaches adjacent consumer, creator, and AI-native platforms. Global.
11. White Star Capital, $250M
White Star Capital announced a $250 million fund, continuing to back technology companies across multiple stages and major startup markets globally.
12. K2 Global, $200M
K2 Global announced a $200 million fund targeting AI, robotics, and defense. The Singapore-based investor backs companies across North America and Asia from seed through growth.
13. Permanent Capital Ventures, $200M
Permanent Capital Ventures announced a $200 million fund focused on AI, B2B technology, and insurtech. The US-focused strategy targets Series A through later venture stages, with checks generally between $5 million and $15 million.
14. Kona Venture Partners, $179M
Kona Venture Partners announced roughly $179 million focused on gaming and digital entertainment. The South Korean investor backs companies from seed through Series B and pairs early checks with follow-on capital as portfolio companies approach launch and scale.
15. MassMutual Ventures, $150M
MassMutual Ventures announced a $150 million climate technology fund targeting decarbonization, clean technology, and energy efficiency, adding another significant pool of corporate-backed capital to the climate sector.
16. All Aboard Fund, $133M
All Aboard closed its debut fund at $133 million, targeting one of the harder problems in climate investing: moving proven pilots toward first commercial-scale deployments. The fund co-invests only once multiple members of its climate investor coalition have independently committed to a company.
17. Floating Point, $125M
Floating Point announced a $125 million fund targeting healthcare, insurtech, and logistics, backing technology businesses operating in large, operationally complex industries. United States.
18. Silent Ventures, $85M
Silent Ventures announced its $85 million Fund II publicly in August. The solo GP firm specializes in aerospace, defense, national security, and deep tech at pre-seed and seed, and plans to back a concentrated portfolio of roughly 13 to 15 new companies.
19. Ventures Platform, $84M
Ventures Platform closed its second pan-African fund at $84 million, backing African startups across fintech, healthcare, and enterprise technology from pre-seed through Series A. Its LP base includes development finance institutions and institutional investors from Africa and Europe.
20. Cross Border Impact Ventures, $58M first close
Cross Border Impact Ventures reached a $58 million first close for its second women's and children's health technology fund, targeting a final close of $125 million. The Toronto-based firm invests in medical devices, diagnostics, therapeutics, and digital health businesses focused on women, children, and adolescents.
21. RunwayVC, $47M first close
Norway's RunwayVC reached a $47 million first close for Fund II, investing from pre-seed through Series A in industrial AI, robotics, and connected industrial technology. Its LP base includes industrial companies such as Halliburton, Aker BP, and Aker Solutions, creating potential commercial ties between portfolio companies and backers.
22. FGV Capital, $35M
FGV Capital closed Fund II at $35 million, above its original $25 million target, backing early-stage fintech, healthtech, and AI companies from pre-seed through Series A. LPs include Reinsurance Group of America, MassMutual, Bank of America, and the Stellar Development Foundation.
23. GD1, $33.4M
New Zealand investor GD1 announced $33.4 million in new capital, investing across AI, deep tech, and health technology and giving founders in New Zealand another source of locally anchored venture capital.
24. SaaSholic, $30M
Brazil-based SaaSholic announced a $30 million fund focused on B2B software and AI-native companies across Latin America, primarily investing at seed with typical check sizes now $1 million to $1.5 million and a hands-on model built around operating and fundraising support.
25. Redstone Blue, $29M first close
Redstone Blue announced a $29 million first close for its dedicated ocean technology and blue economy strategy, targeting maritime technology, ocean infrastructure, clean energy, marine intelligence, robotics, and water technology, initially focused on the Baltic Sea and broader Nordic region.
26. Mamor Capital Ventures, $18.6M first close
South Africa's Mamor Capital Ventures reached an approximately $18.6 million first close for its debut fund. The Black women-owned firm targets post-revenue South African technology businesses across telecom infrastructure, payments, ecommerce, and sustainability, anchored by the Public Investment Corporation.
27. Capital F, $17M
Capital F announced a $17 million fund focused on women and sectors including digital health and consumer health, backing companies at pre-seed and seed.
28. Redstone North Karelia, $10.8M
Redstone launched its second North Karelia Growth Fund at $10.8 million, a regional Finnish vehicle backing pre-seed and seed companies in semiconductors, photonics, defense, dual-use technology, and the energy transition, with plans for roughly 15 to 20 investments.
29. Galileo Ventures, $10.8M
Galileo Ventures reached a first close for its second fund in August, backing pre-seed and seed founders across AI, robotics, enterprise software, and deep tech from Australia, with a San Francisco presence built to connect portfolio companies to US customers and capital.
30. BLING Capital, $10.5M
BLING Capital announced a $10.5 million vehicle, following a generalist strategy at early-stage technology companies in the United States.
31. F&F Ventures, $10M
F&F Ventures launched a dedicated $10 million Ecommerce Fund in partnership with SHOPLINE, targeting consumer brands and ecommerce-enabling technology from pre-seed through Series A and combining venture investment with operating support and commerce infrastructure.
32. Don't Quit Ventures, $10M
Don't Quit Ventures announced the second close of its $10 million Fund I. The solo GP fund writes initial checks of roughly $50,000 to $150,000 across AI, software, and consumer technology, and is also pursuing earlier liquidity through secondary sales rather than waiting on traditional venture exit timelines.
33. Industrial47, $9.7M first close
India-based Industrial47 announced an approximately $9.7 million first close for its debut fund, targeting space, defense, energy, maritime intelligence, and advanced manufacturing as the first institutional investor in hardware-intensive companies tied to India's industrial and strategic infrastructure.
34. 224 Ventures, Undisclosed
224 Ventures launched in August with a strategy focused entirely on AI-native founders, investing at pre-seed and seed across AI applications, infrastructure, robotics, and core intelligence with checks typically between $1 million and $5 million. Its LP base includes a network of more than 200 AI operators who can become customers, employees, advisers, design partners, and future investors for the portfolio.
Where New VC Funds Launched in August 2026, By Geography
The United States led August by both manager count and total capital, with Accel, a16z, South Park Commons, QuantumLight, OpenAI Startup Fund, Permanent Capital Ventures, Floating Point, Silent Ventures, BLING Capital, F&F Ventures, Don't Quit Ventures, and 224 Ventures all closing or launching vehicles.
Europe's strongest theme was regional and defense-adjacent capital. Redstone Blue and Redstone North Karelia both raised around Nordic and Finnish deep tech, while RunwayVC closed its first close in Norway backed by industrial LPs.
Israel produced Team8 Capital's $265 million third fund, continuing the country's run of enterprise AI and cybersecurity-focused vehicles. Asia-Pacific was active across multiple geographies: Kona Venture Partners closed $179 million for South Korean gaming, Galileo Ventures reached a first close in Australia, and GD1 announced fresh capital in New Zealand.
Africa saw two notable raises: Ventures Platform closed $84 million for its second pan-African fund, and Mamor Capital Ventures reached an $18.6 million first close backed by South Africa's Public Investment Corporation. India's Industrial47 rounded out the month with a $9.7 million first close for defense and industrial infrastructure.
What August Means for Founders
More capital in the system doesn't make fundraising easier.
The $10.5 billion headline is real, but close to $7 billion of it sits with five firms that will deploy into companies already fitting their stage, sector, and ownership requirements. Everyone else is competing for what's left.
A narrow fit beats a broad one.
A maritime startup gets more from Redstone Blue than from a generalist writing the same check. A women's health company gets more from Cross Border Impact Ventures' focus than from an investor without that domain depth. Our guide to the best seed funds for first-time founders and our list of micro VCs writing $100K to $500K checks are both built around that same filter.
Solo GPs move fast.
Don't Quit Ventures commits to responding within two weeks of a deck submission. Silent Ventures is targeting just 13 to 15 new companies for its entire fund. If speed and direct founder access matter more to you than a big-name brand, this is where to look first.
FAQ: New Venture Capital Funds in August 2026
How many VC funds closed in August 2026?
34 unique venture capital funds and investment vehicles were announced, launched, closed, or hit a new milestone in August 2026. 33 disclosed a fund size.
How much venture capital was raised in August 2026?
Roughly $10.5 billion in disclosed capital across the 33 funds that shared a size, based on the Everything Startups VC Funds Database.
What was the largest VC fund to close in August 2026?
Accel, which announced $3.5 billion across four vehicles: a $1.35 billion global fund, an $800 million US fund, an $800 million Europe and Israel fund, and a $550 million India fund.
Which new VC funds are investing in AI?
Most of August's funds have some AI exposure, including a16z Machine Age Fund, OpenAI Startup Fund, QuantumLight, South Park Commons, Layer Global, and 224 Ventures. Their strategies range from AI applications and infrastructure to robotics, autonomous systems, and hardware.
Which new VC funds invest at pre-seed and seed?
Several August funds target pre-seed and seed founders, including Silent Ventures, RunwayVC, Galileo Ventures, SaaSholic, Redstone North Karelia, FGV Capital, Industrial47, Don't Quit Ventures, and 224 Ventures. Always confirm each fund's current criteria before reaching out.
Final Thought
August's $10.5 billion is smaller than July's $12 billion, but the underlying split held: a small number of platforms writing billion-dollar checks, and a much larger group of specialists competing on focus rather than size. Infrastructure kept pulling capital away from pure software theses, defense and dual-use technology stayed mainstream, and strategic LPs kept showing up as a deliberate part of a fund's pitch rather than a side note.
That is August 2026: same structural pattern as the months before it, a new set of names, and $10.5 billion looking for the next category leaders.
Data sourced from the Everything Startups VC Funds Database, tracking newly announced venture funds weekly across the US, Europe, Israel, India, Asia, and Africa.
