Data Report · Monthly VC Filings · July 2026 Edition
VC Filings Report: July 2026
2,045 new private funds filed with the SEC in July 2026 — up 2.4% from June 2026 — including 903 venture capital funds and 2,013 first-time fund vehicles. Every number below is computed from SEC Form D filings; nothing is estimated.
Written by Michael Kaufman · Reviewed against our editorial standards · Updated
Quick Answer
July 2026 brought more funds but less capital: 2,045 pooled investment funds filed a first Form D with the SEC, up 2.4% from June 2026's 1,997, while the combined disclosed target fell 38% to $28.16B. Venture capital funds were the growth engine: 903 filings, +10.8% MoM, lifting VC from 40.8% to 44.2% of all new fund filings. 2,013 filings — 98.4% — came from first-time fund vehicles, and after screening out follow-on vehicles and repeat principals, 161 genuinely new managers filed with targets of $10M or more.
Key Takeaways
- 1.Fund formation edged up month-over-month: 2,045 new pooled-fund filings in July 2026 vs 1,997 in June 2026 (+2.4%).
- 2.Venture funds grew faster than the market: 903 VC filings (+10.8% MoM) took VC from 40.8% to 44.2% of new fund filings.
- 3.Disclosed target capital fell to $28.16B (-38% MoM) even as filing counts rose — the top of the range thinned, with 8 filings at $500M+ against 24 in June 2026.
- 4.The median disclosed target fell to $930K (-48.6% MoM), and sub-$1M vehicles grew from 421 to 585 filings.
- 5.DE led fund formation with 364 filings, ahead of NY (337), reversing June 2026's order.
2,045
new pooled-fund Form D filings in July 2026
+2.4% vs June 2026 (1,997)
903
venture capital fund filings
44.2% of new fund filings, +10.8% MoM
$28.16B
combined target offerings (disclosed)
-38% MoM; 44.7% of filings declared an indefinite target
2,013
first-time fund vehicles
98.4% of filings came from first-time SEC registrants
What Changed in July 2026
Filing volume and filing size moved in opposite directions. The count reached 2,045, up 2.4% on June 2026, but the combined disclosed target fell 38% to $28.16B from $45.45B. The size distribution shows where that went: filings targeting $500M or more fell from 24 to 8, while filings under $1M grew from 421 to 585. More funds, smaller funds.
Venture was the one category that grew on both measures of count and share. 903 venture funds filed (+10.8% MoM), taking VC from 40.8% of new fund filings to 44.2%. The median disclosed target fell to $930K (-48.6%), consistent with the same shift toward smaller vehicles.
DE and NY swapped places at the top: DE recorded 364 filings against NY’s 337, where June 2026 had NY first on 363.
The data does not explain why. Form D records that a filing happened, its target and its address — not the fundraising conditions behind it. A month-over-month move in these counts is a change in filing behaviour, and nothing in this dataset attributes it to a cause.
The Numbers
July 2026 vs June 2026, original Form D filings only. Target and sold amounts are reported separately — neither equals final closed fund size (see methodology).
| Metric | July 2026 | June 2026 | MoM |
|---|---|---|---|
| New pooled-fund filings | 2,045 | 1,997 | +2.4% |
| — of which venture capital funds | 903 | 815 | +10.8% |
| Combined target offerings (disclosed) | $28.16B | $45.45B | -38% |
| Median target offering (disclosed) | $930K | $1.8M | -48.6% |
| Filings with indefinite/undisclosed target | 44.7% | 48.8% | — |
| Capital reported sold at filing | $33.88B | $35.81B | — |
| First-time fund vehicles | 2,013 (98.4%) | — | — |
The 10 Largest Raises
Ranked by disclosed target offering. “Sold at filing” is the amount reported sold as of the Form D filing date — a fund showing $0 has simply not reported sales yet, not failed to raise.
| # | Fund | Target | Sold at filing | Type | State | Filed |
|---|---|---|---|---|---|---|
| 1 | Horsley Bridge Venture 16, L.P. | $1.98B | $0 | Other Investment | CA | Jul 9 |
| 2 | ECI 13 LP | $1.68B | $0 | Other Investment | X0 | Jul 20 |
| 3 | Hillpointe Workforce Housing Partnership VI PIV, LP | $1B | $100M | Other Investment | FL | Jul 9 |
| 4 | Hillpointe Workforce Housing Partnership VI, LP | $1B | $82.9M | Other Investment | FL | Jul 9 |
| 5 | Transom Capital Fund V, L.P. | $950M | $0 | Private Equity | CA | Jul 9 |
| 6 | Technology Impact Growth Fund III, LP | $700M | $0 | Venture Capital | CA | Jul 9 |
| 7 | Elevation Capital IX LP | $500M | $500M | Venture Capital | UT | Jul 14 |
| 8 | USV 2026, LP | $500M | $0 | Venture Capital | NY | Jul 16 |
| 9 | Smith Point Capital Fund II, L.P. | $450M | $0 | Venture Capital | CA | Jul 9 |
| 10 | Thayer Street Partners Opportunity Fund III, L.P. | $450M | $0 | Other Investment | NY | Jul 7 |
Notable First-Time Managers
Screened from 221 first-time issuers targeting $10M+: 40 follow-on vehicles (series-numbered fund names) and 20 funds whose principals appear on earlier filings were excluded, leaving genuinely new managers.
| Fund | Target | Type | Location | Filed |
|---|---|---|---|---|
| SemiAnalysis Capital Fund I, LP | $400M | Venture Capital | Crawfordville, FL | Jul 29 |
| New Grove, L.P. | $300M | Venture Capital | West Hollywood, CA | Jul 9 |
| Magnetar Co-Invest LLC | $158M | Other Investment | New York, NY | Jul 6 |
| Isogon Ventures I, L.P. | $150M | Venture Capital | New York, NY | Jul 2 |
| DVx Venture Partners Fund, L.P. | $150M | Venture Capital | Chandler, AZ | Jul 10 |
| Mare Liberum Alexandria Reindustrialization Fund LLC | $150M | Venture Capital | Wilmington, DE | Jul 22 |
| Mare Liberum Critical Technologies Fund LLC | $150M | Venture Capital | Wilmington, DE | Jul 22 |
| SCB KEEPER'S FUND, L.P. | $150M | Private Equity | Mashpee, MA | Jul 27 |
| Industrial Capital Fund I, L.P. | $150M | Venture Capital | Manhattan Beach, CA | Jul 30 |
| 01A Bald Eagle, L.P. | $131.8M | Venture Capital | San Francisco, CA | Jul 6 |
| Healthcare Innovations Venture Fund, LLC | $125M | Venture Capital | Durham, NC | Jul 20 |
| CCREP F1 LLC | $100M | Other Investment | Berthoud, CO | Jul 16 |
| Broadwater Fund I, L.P. | $100M | Other Investment | Fargo, ND | Jul 17 |
| MINDROADS EDUCATION & HEALTHCARE GROWTH FUND I, L.P. | $100M | Private Equity | Ocoee, FL | Jul 23 |
| HV 2026 LLC - Series 1 | $95M | Venture Capital | Atlanta, GA | Jul 23 |
If you are one of the people behind these filings, our guide to starting a VC fund and fund documents walkthrough cover what comes before and after the Form D.
Fund Types and Size Distribution
| Type | July 2026 | June 2026 |
|---|---|---|
| Venture Capital Fund | 903 | 815 |
| Private Equity Fund | 514 | 568 |
| Other Investment Fund | 468 | 469 |
| Hedge Fund | 160 | 145 |
| Target size | Filings | Share |
|---|---|---|
| Under $1M | 585 | 28.6% |
| $1M – $10M | 320 | 15.6% |
| $10M – $50M | 114 | 5.6% |
| $50M – $100M | 38 | 1.9% |
| $100M – $500M | 65 | 3.2% |
| $500M+ | 8 | 0.4% |
| Indefinite / undisclosed | 915 | 44.7% |
Where New Funds File From
| # | State | July 2026 | June 2026 |
|---|---|---|---|
| 1 | DE | 364 | 290 |
| 2 | NY | 337 | 363 |
| 3 | WA | 255 | 208 |
| 4 | CA | 224 | 208 |
| 5 | FL | 124 | 163 |
Read this table with one caveat: Form D reports the issuer’s principal-place-of-business state, and for funds that is often a legal or administrative address rather than where the manager actually sits. Delaware’s count in particular reflects vehicles formed and administered at their Delaware domicile address, not GPs based in Wilmington.
What Managers Are Saying
Commentary from fund managers will be added shortly. Raising a fund and have a take on this month’s data? Get in touch.
Methodology
Source. Public SEC EDGAR Form D filings, collected by VC Beast’s daily automated ingest into our Form D warehouse (coverage 2024-07-01 through 2026-09-11).
Scope. Industry group “Pooled Investment Fund,” original filings only — amendments (Form D/A) are excluded, so each record approximates one newly formed vehicle. Filings are bucketed by SEC filing date.
Targets, not closed capital. Form D discloses a target offering amount (frequently “Indefinite”) and the amount sold as of the filing date. Neither equals final closed fund size; we report them separately and never combine them into a single “raised” figure. Medians and totals cover filings with a defined dollar amount only (1,130 of 2,045 filings in July 2026).
Fund-type classification. Fund types are read from the Form D investmentFundType element on each filing. A warehouse ingest change on 16 July 2026 began storing the Investment Company Act exemption in that column instead of the fund category; because the affected filings retain their source XML, this report re-reads the category from the original filing for all 1,190 affected July 2026 records, of which 1,190 resolved and 0 did not. Every month in this series is therefore classified from the same field and remains directly comparable.
First-time funds. Issuers (by SEC CIK) with no prior Form D filing of any kind in the warehouse (coverage begins 2024-07-01). Because each fund vehicle files under its own CIK, this measures first-time vehicles, not first-time management firms — and an issuer whose only prior filing predates warehouse coverage would be counted as first-time.
Emerging-manager screen. First-time issuers targeting $10M+, excluding funds with a series token in the name (Roman/arabic/spelled fund numbers) and funds whose listed related persons appear on any earlier filing in the warehouse.
Omitted on purpose. No sector breakdown within funds (Form D classifies all of these filings under the single industry group “Pooled Investment Fund”; the fund-type split is the finest reliable cut) and no single “total raised” figure (see above). No causal explanation is offered for month-over-month movement: Form D does not carry one. Corrections: our corrections page.
Work the numbers
The filings above are what other managers did. These run the same math on your own fund.
Cite this report
Free to quote, chart and all. An attribution link is all we ask.
VC Beast, VC Filings Report: July 2026, from SEC Form D filings, published September 13, 2026, https://vcbeast.com/reports/vc-filings-july-2026
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Sources & References
- 1.SEC Form D filings via VC Beast's daily EDGAR ingest(Primary data source — original Form D filings from SEC EDGAR)