39 new venture capital funds closed, launched, or hit a milestone in July 2026, representing roughly $12.03 billion in disclosed capital, another strong fundraising month Everything Startups has tracked this year.
Here is the full breakdown of every VC fund that closed in July: fund sizes, sectors, geography, and what it means for founders raising right now.
July 2026 Numbers at a Glance
39 unique funds and investment vehicles tracked.
33 funds had disclosed sizes
~$12.03B in total disclosed capital
The five funds driving the headline number:
- Index Ventures: $2B across three funds
- 8VC: $1.5B
- Greylock: $1.5B
- Highland Europe: $1.25B
- Paradigm: $1.2B
Strip those five out, and the median tells the real story: a $114M-typical fund raising a long tail of $25M to $150M vehicles, competing on specialization and access, not check size. It's the same split we flagged in May: mega-funds consolidating at the top, specialists filling the gaps underneath. That held in July too.
The Big Five: Funds That Moved the Market
1. Index Ventures, $2B
Index closed its largest raise in two years across a new $400M seed fund, a $900M venture fund, and a $700M top-up to its 2024 growth vehicle, bringing total available capital to $3.5B.
The timing isn't a coincidence. Index's seed stake in Wiz just paid out at roughly $3.8B when Alphabet bought the company for $32B, and that liquidity is fueling the next fund.
The three-fund structure lets Index back a company from its first check through a public listing without switching teams.
2. 8VC, $1.5B
Fund 7, up from $998M for Fund VI and $880M for Fund V. A meaningful chunk of the capital goes toward 8VC's Build Program, where the firm co-founds companies from scratch instead of waiting for a founder to show up.
The program has already produced 28+ companies, including Saronic and Epirus.
3. Greylock, $1.5B
Greylock 18 is built explicitly around AI-native company formation, continuing the firm's long-standing habit of being the first institutional check in at seed and Series A.
4. Highland Europe, $1.25B
The raise followed more than $1.1B in portfolio liquidity and keeps Highland focused on scaling European software and consumer tech companies globally.
5. Paradigm, $1.2B
The most interesting fund of the month. Paradigm built its name as crypto's most prestigious venture firm, and Fund III explicitly broadens the mandate into AI and robotics under a "technical frontier" label. It's already backed drone-delivery company Zipline and space-defense startup True Anomaly.
The fund also closed below the $1.5B target Paradigm was reportedly chasing, which says more about the market than the firm: LP appetite for crypto-labeled vehicles is still more selective than appetite for straight AI.
The Pattern That Defines July
Nearly every fund that closed in July touched AI. Almost none of them raised as an "AI fund."
Greylock is backing AI-native infrastructure and applications.
Elevation Capital is applying AI to Indian consumer, fintech, and healthcare. Dimension Capital is putting AI to work on biology and scientific research. Omni Ventures is doing AI for manufacturing.
Tau Ventures is doing applied AI in healthcare and physical systems. B Capital is doing AI infrastructure and enterprise implementation.
The question funds are answering isn't "are you an AI fund?" anymore. It's "how does AI change your specific sector, and who's actually capturing that shift?" If you're trying to map which investors are real about this versus using the label loosely, our list of the top 50 AI investors is worth a look.
Defense Became an Institutional Category
8VC, Expeditions, Lakestar, Cantos, Primo Space 2, Paradigm, and Climentum Capital all touched defense or dual-use tech in July, and Europe led the charge.
Expeditions raised $218M with BAE Systems, the European Investment Fund, and the NATO Innovation Fund all as LPs. Lakestar launched a $300M fund targeting defense and dual-use companies across NATO-aligned countries. Primo Capital expanded its space mandate into defense.
Venture capital, national security priorities, and government procurement are no longer separate conversations.
Full List: New Venture Capital Funds That Closed in July 2026
Below is every fund tracked this month, each linked to its full profile on the Everything Startups VC Funds Database.
1. Index Ventures, $2B
Index Ventures closed its largest raise in two years, $2 billion split across three vehicles: a new $400 million seed fund, a new $900 million venture fund, and a $700 million top-up to the growth fund it raised back in 2024.
The timing tracks with the firm's recent liquidity. Index's early seed stake in Wiz just paid out at roughly $3.8 billion when Alphabet closed its $32 billion acquisition of the company, and that cash is clearly feeding straight back into the next fund.
The three-vehicle structure means one team can now back a company from its first check all the way through a public listing without handing it off internally. Operating out of the US and Europe.
2. 8VC, $1.5B
8VC closed Fund 7 at $1.5 billion, its largest fund to date, up from $998 million for Fund VI and $880 million for Fund V.
A meaningful share of the capital is earmarked for the firm's internal Build Program, where 8VC co-founds companies from scratch rather than waiting for a founder to walk in the door with one already built.
That program has already produced more than 28 companies, including Saronic and Epirus. The fund spans AI, defense, bioscience, and infrastructure, and is based in the United States.
3. Greylock, $1.5B
Greylock raised $1.5 billion for Greylock 18, built explicitly around AI-native company formation. It's a continuation of the firm's long-standing model: be the first institutional check into a company at seed or Series A, rather than waiting to buy in at a later, more expensive round. United States.
4. Highland Europe, $1.25B
Highland Europe closed Fund VI at $1.25 billion following more than $1.1 billion in portfolio liquidity, capital the firm is now recycling into new European growth-stage technology bets. The mandate stays focused on scaling European software and consumer technology companies into global players. UK and Switzerland.
5. Paradigm, $1.2B
Paradigm closed Fund III at $1.2 billion, and it's arguably the most interesting raise of the month. Paradigm built its name as crypto's most prestigious venture firm, and this fund explicitly broadens that mandate into AI and robotics under what the firm is calling a "technical frontier" thesis. It's already backed drone-delivery company Zipline and space-defense startup True Anomaly. The fund also closed below the $1.5 billion target Paradigm was reportedly chasing, which says less about the firm and more about the market: LP appetite for crypto-labeled vehicles is still more selective than appetite for straight AI funds. United States.
6. Dimension Capital, $800M
Dimension Capital closed its third fund at $800 million, putting capital to work at the intersection of AI, biology, science, and compute, a thesis that treats scientific research itself as an area ripe for AI-driven acceleration. United States.
7. B Capital, $500M
B Capital raised $500 million for its Ascent Fund III, investing from seed through Series B. United States.
8. Elevation Capital, $500M
Elevation Capital closed Fund IX at $500 million, targeting seed and Series A AI applications across Indian consumer, fintech, healthcare, and education. It's one of the clearest platform-scale bets on AI-native Indian startups this year. India.
9. Jump Capital, $350M
Jump Capital raised $350 million for Fund VII, continuing to invest across fintech, infrastructure, crypto, and SaaS. United States.
10. AlleyCorp, $335M
AlleyCorp closed Fund II at $335 million, focused on healthcare, deep tech, and enterprise. United States.
11. Lakestar, $300M
Lakestar launched a $300 million Resilience Fund I dedicated to defense and dual-use technology across Europe and NATO-aligned countries, part of a broader wave of European capital moving into defense this month. Switzerland.
12. BA Capital, $225M
BA Capital closed Fund II at $225 million, a USD vehicle focused on Chinese consumer brands. China.
13. Fresenius Ventures, $228M
Fresenius Ventures launched with an intended raise of roughly $228 million as a new corporate venture arm, investing in biopharma, medical technology, and care delivery. Germany.
14. Expeditions, $218M
Expeditions closed Fund II at $218 million with BAE Systems and the NATO Innovation Fund among its LPs, backing European defense technology with a direct line into government procurement. Poland and UK.
15. Avenue Growth Partners, $155M
Avenue Growth Partners closed Fund II at $155 million, targeting vertical AI and software companies. United States.
16. Align Ventures, $125M
Align Ventures raised $125 million for Fund II, investing in consumer brands across beauty, wellness, home, and pet categories. United States.
17. Italian Founders Fund, $114M+
Italian Founders Fund raised more than $114 million backed by over 100 Italian entrepreneurs as LPs, investing in Italian-founded digital startups. Italy.
18. Primo Capital, $77M
Primo Capital raised $77 million of a $132 million target for its second fund, focused on space and dual-use technology. Italy.
19. Tapestry VC, $80M
Tapestry VC closed Fund III at $80 million, built around repeat founders at pre-seed and seed. United Kingdom.
20. Cantos, $70M
Cantos closed Fund 4 at $70 million, investing in physical-world and defense technology spanning nuclear, aerospace, and robotics. United States.
21. Climentum Capital, $66M
Climentum Capital reached a $66 million first close for Fund II, dedicated to climate hard tech. Denmark.
22. Sparrow Capital, $55M
Sparrow Capital closed Fund III at $55 million, investing across consumer, fintech, enterprise, and AI as it moves toward larger seed checks and a more concentrated portfolio. India.
23. Vicus Ventures, $55M
Vicus Ventures raised $55 million for Fund I, spanning AI, enterprise, health, and defense. United States.
24. Ruya Ventures, $50M
Ruya Ventures closed Fund I at $50 million, backing deep tech in batteries and semiconductors as companies move from prototype to commercial production, often investing pre-incorporation. United Kingdom.
25. Psalion, $50M
Psalion closed Fund III at $50 million, structured as a Variable Capital Company and focused on blockchain and digital assets. Singapore.
26. Magnify Ventures, $46.6M
Magnify Ventures closed Fund II at $46.6 million, dedicated to the care economy. United States.
27. J Ventures, $36M
J Ventures closed Fund III at $36 million, investing in AI, cybersecurity, and data infrastructure. The firm caps individual LP commitments at $500,000 to keep a distributed community of operators as its investor base. US and Israel.
28. 9Omni Ventures, $33M
Omni Ventures raised $33 million for Fund I, dedicated to manufacturing software and automation, with Foxconn as a strategic LP giving portfolio companies a plausible path to real manufacturing pilots. United States.
29. Catalyst Fund, $30M
Catalyst Fund reached a $30 million second close for African climate adaptation, spanning agriculture, cold chains, and clean water, a category most generalist funds still skip. Kenya.
30. Kiara Ventures, $25M
Kiara Ventures closed Fund I at $25 million, backing Silicon Valley companies at pre-seed and seed. Spain.
31. Vermilion Cliffs Ventures, $25M
Vermilion Cliffs Ventures closed Fund II at $25 million, investing in AI infrastructure, security, and developer tools. United States.
32. Evidenced, $24M
Evidenced raised $24 million for Fund I, a policy-driven healthcare vehicle built around regulatory and reimbursement tailwinds. United States.
33. ReefHaven Ventures, $10M
ReefHaven Ventures raised $10 million for Fund I out of the UC San Diego ecosystem, focused on AI and medical technology. United States.
34. Chemistry VC, $500M (target)
Chemistry VC is fundraising toward a $500 million target for Fund II, targeting early-stage software and AI following a large debut fund. United States.
35. Activate Capital, Undisclosed
Activate Capital closed Fund III at an undisclosed size for energy and industrial growth equity. United States.
36. 1885 Capital, Undisclosed
1885 Capital launched a new, undisclosed fund focused on Great Lakes industrial technology. United States.
37. Tau Ventures, Undisclosed
Tau Ventures launched Fund III at an undisclosed size, applying AI across healthcare, enterprise, and physical systems. United States.
38. Aleph, Undisclosed
Aleph announced Fund V at an undisclosed size, continuing to back Israeli early-stage technology companies. Israel.
39. Common Ventures, Undisclosed
Common Ventures launched Fund I at an undisclosed size, backing underrepresented founders in the UK. United Kingdom.
Where New VC Funds Launched in July 2026, By Geography
The United States led July by both manager count and total capital, with Index, Greylock, 8VC, Paradigm, Dimension Capital, B Capital, AlleyCorp, Jump Capital, Avenue Growth Partners, Align Ventures, Vermilion Cliffs, Omni Ventures, J Ventures, Evidenced, and ReefHaven all closing or launching vehicles.
Europe's strongest theme was defense and industrial sovereignty. Beyond Highland Europe's $1.25B, Lakestar, Expeditions, Primo Space 2, and Climentum Capital all raised around deep tech, climate infrastructure, or dual-use technology, with public institutions like the European Investment Fund, British Business Bank, and CDP Venture Capital showing up repeatedly as LPs.
India produced two contrasting stories. Elevation Capital closed $500M for seed and Series A AI applications, a platform play. Sparrow Capital closed $55M and is moving toward larger seed checks and a more concentrated portfolio, a newer manager building institutional credibility.
Israel's Aleph announced a fifth fund without disclosing size, while J Ventures kept bridging Israeli and US ecosystems through its capped-commitment LP model.
Asia showed up outside AI infrastructure entirely: BA Capital closed $225M for China consumer brands, and Singapore's Psalion closed $50M for blockchain and real-world assets.
Africa's Catalyst Fund reached a $30M second close for climate adaptation, a category most generalist funds still skip.
What July Means for Founders
More capital doesn't mean easier fundraising.
The $12B headline is real, but most of it sits with five firms who will deploy it into companies that already fit their stage, sector, and ownership requirements. Everyone else is competing for what's left of the median.
Fit matters more than sector overlap.
A manufacturing startup gets more out of Omni Ventures or Ruya Ventures than a generalist writing the same check. A regulated healthcare company gets more out of Evidenced's policy expertise than an investor without it.
The question worth asking isn't "does this fund invest in my sector," it's "does this fund have an actual advantage in helping a company like mine."
Our guide to top early-stage VC firms for pre-seed, seed, and Series A founders is built around exactly that filter, and if you're closer to the seed line, our seed fund list for first-time founders and micro VC list narrow it further.
Get in before the round opens.
Tapestry engages repeat founders before a company exists. Ruya invests pre-incorporation. Greylock and AlleyCorp prefer to come in at formation or the first institutional round. If you're waiting for a formal process to start pitching the best early-stage funds, you're already behind.
AI has to mean something specific.
Nobody's buying the label alone anymore. The strongest theses in July's data were about workflow ownership, proprietary data, cost reduction, or physical deployment, not "we use AI."
FAQ: New VC Funds in July 2026
How many VC funds closed in July 2026?
38 unique venture capital funds and investment vehicles were announced, launched, closed, or hit a new milestone in July 2026. 33 disclosed a fund size.
How much venture capital was raised in July 2026?
Roughly $12.03 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 July 2026?
Index Ventures, which raised $2 billion across three funds, a $400M seed fund, a $900M venture fund, and a $700M addition to its 2024 growth fund.
What is the median VC fund size in July 2026?
$114 million. The average was $364.6 million, skewed upward by five funds of $1 billion or more.
What sectors did new VC funds target most in July 2026?
AI, applied to specific industries rather than raised as a standalone category, alongside defense and dual-use technology, industrial and manufacturing tech, and specialist healthcare.
Final Thought
July's headline number is big, but the $114M median tells the real story: a market where LPs are still writing billion-dollar checks to proven platforms while backing specialist managers who can explain, precisely, why they exist.
The bifurcation from May held. What's shifting is the vocabulary, defense and dual-use are now mainstream categories, AI is assumed rather than a pitch, and physical infrastructure keeps pulling capital away from software-only theses. Generalist managers without scale or a specific edge are getting squeezed from both sides.
That's July 2026. Same structural split, new names, and $12 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.
