New VC Funds Filed with the SEC, Month by Month

How the series works

Who is counted. Original Form D filings (amendments excluded) by issuers in the Pooled Investment Fund industry group, filed in the calendar month, where the fund type is Venture Capital Fund, or the issuer matches a firm in the VC Beast directory whatever fund type it reports. Amendments are left out, so a fund is counted once, in the month it first filed.

Funds and series vehicles. A series vehicle is one cell of a master LLC or LP, usually a single-deal SPV run on a platform: names of the form "X, a series of Y", "Y - Series 6", "Y (Series 1)" or containing "SPV". Every other filing is counted as a fund vehicle.

First-time sponsors. A sponsor is first-time when none of its CIKs, principals, addresses, master entities or matched firm appear on an original pooled-fund filing in the warehouse before the month began (for earlier series vehicles, only their CIK and master entity count), and none of its vehicle names carries a fund number of II or higher. The warehouse starts in July 2024; the fund-number screen catches managers whose previous fund predates it, but a manager whose earlier fund was unnumbered and filed before July 2024 still reads as first-time.

Each edition compares its month with the two before it, and every number on it is generated by code from SEC EDGAR filings. For the firms filing the most vehicles over two years, see the most active VC firms ranking; for the monthly brief by email, the Form D Radar; for aggregate counts across all pooled funds, the VC Filings Report.