Roundup of New Venture Capital Funds December 2024
December 2024 was a strong month for venture capital fundraising, with a range of established and emerging firms announcing significant funds to support high-potential startups. From AI to biotech, gaming, and energy, these funds reflect the industry’s continued focus on early-stage innovation and strategic follow-on investments.
Notable among these were Dimension Capital and Fifth Wall, both securing a $500 million fund, while other firms like Swish Ventures also raised substantial funds.
Here’s a roundup of the venture funds launched this month, highlighting the diverse strategies and target sectors fueling VC interest across the globe.
Check out November's new VC funds here in case you missed them.
1. Swish Ventures
Fund size: $60M
Swish Ventures raised $60 million to back early-stage startups in cybersecurity, cloud infrastructure, and AI.
2. Cadenza
Fund size: $50M
Cadenza raised $50 million to invest in pre-seed and seed AI deals.
3. Atlas Venture
Fund size: $450M
Atlas Venture raised $450 million for its fourteenth biotech-focused fund.
4. Dimension Capital
Fund size: $500M
Dimension Capital raised $500 million to invest in startups across drug discovery and AI.
5. OpenAI Startup Fund
Fund size: $44M
OpenAI Startup Fund raised $44 million for its fifth SPV.
6. Laude Ventures
Fund size: $150M
Laude Ventures closed a $150 million first fund to invest in pre-seed and seed startups originating from UC Berkeley labs or technically minded founders.
7. Beam Ventures
Fund size: $150M
Beam Ventures raised $150 million for a venture fund exclusively focused on gaming.
8. Topology Ventures
Fund size: $75M
Topology Ventures raised $75 million to invest in frontier tech deals targeting AI, decentralized networks, neuro-technology, aerospace, and robotics.
9. Category Ventures
Fund size: $160M
Category Ventures raised $160 million to invest in AI, infrastructure, developer tools, and applications at the pre-seed and seed stages.
10. Fifth Wall
Fund size: $500M
Fifth Wall raised a $500 million fund to invest in proptech.
11. Energy Revolution Ventures
Fund size: $18M
Energy Revolution Ventures closed an $18 million fund to invest in seed and Series A deals in areas such as energy storage, carbon capture, and hydrogen technologies.
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