Roundup of New Venture Capital Funds November 2024
November 2024 was strong month for venture capital fundraising, with a range of established and emerging firms announcing significant funds to support high-potential startups. From blockchain to consumer tech and AI, these funds reflect the industry’s continued focus on early-stage innovation and strategic follow-on investments.
Notable among these were Altos Ventures and Forerunner Ventures, both securing a $500 million fund, while other firms like Bling Capital 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 October's new VC funds here in case you missed them.
1. MaC Venture Capital
Fund size: $150M
MaC Venture Capital raised $150 million to back startups capitalizing on cultural shifts and consumer behaviors.
2. Superscrypt
Fund size: $100M
Superscrypt announced a $100 million fund to invest in blockchain-focused startups.
3. Conviction Partners
Fund size: $200M
Conviction Partners raised $200 million to support early-stage startups in the AI space.
4. Faber
Fund size: $33.9M
Faber launched its third VC fund, securing $33.9 million to invest in pre-seed and seed-stage startups in deep tech, AI, robotics, and biotech.
5. Altos Ventures
Fund size: $500M
Altos Ventures raised $500 million to invest in enterprise and consumer software startups both in the U.S. and internationally.
6. Chicago Ventures
Fund size: $80M
Chicago Ventures announced an $80 million fund to back early-stage startups in industrial tech, fintech, and digital health.
7. Forerunner Ventures
Fund size: $500M
Forerunner Ventures raised $500 million to focus on consumer businesses being reshaped by AI technologies.
8. Bek Ventures
Fund size: $250M
Bek Ventures, formerly Earlybird Digital East, raised $250 million to invest in startups in Eastern Europe.
9. Portal Ventures
Fund size: $75M
Portal Ventures raised $75 million to invest in early-stage crypto startups.
10. Rosberg Ventures
Fund size: $100M
Rosberg Ventures secured $100 million to invest in top-tier U.S.-based venture capital firms.
11. Initiate Ventures
Fund size: $45M
Initiate Ventures announced a $45 million fund to invest in seed and Series A healthcare startups.
12. Bling Capital
Fund size: $270M
Bling Capital raised $270 million to invest in seed-stage consumer tech startups.
13. Accolade Partners
Fund size: $202M
Accolade Partners closed a $202 million blockchain-focused fund, their third in this space, as the crypto market shows signs of recovery.
14. Illumen Capital
Fund size: $32.75M
Illumen Capital raised $32.75 million to support underrepresented fund managers and founders.
PS: Sign up to our weekly newsletter for visionaries.
