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VC Galaxy

Roundup of New Venture Capital Funds October 2024

October 31, 2024
4 min

October 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 deep tech to fintech and cross-border ventures, these funds reflect the industry’s continued focus on early-stage innovation and strategic follow-on investments.

Notable among these was General Catalyst, securing a record-breaking $8 billion, while other firms like Lightspeed and Adams Street Partners also raised substantial funds aimed at supporting both early-stage and growth-stage opportunities.

Here’s a roundup of the venture funds launched this month, highlighting the diverse strategies and target sectors fueling VC interest across the globe.

1. DCVC

Fund size: $400M fund

DCVC Bio, an investment firm that invests in early stage deep tech startups, has raised a third bio fund in the amount of $400 million.

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2. Lightspeed

Fund size: $7B fund

Lightspeed Venture Partners is in the market to raise $7 billion, 40% of which would go to an opportunity fund that would do follow-on investments in portfolio companies as well as late-stage startups.

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3. KdT Ventures

Fund size: $100M fund

KdT Ventures, VC firm, has raised approximately $100 million for its fourth fund. KdT backs startups that are using computational tools in areas like healthcare, chemicals, and agriculture.

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4. Adams Street Partners

Fund size: $1.2B fund

Adams Street Partners, a leading private equity and VC firm, has raised a $1.2 billion venture fund to invest in startups, secondaries, and other venture funds.

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5. Buckley Ventures

Fund size: $250M fund

Adams Street Partners, VC firm launched by former Product Hunt CEO Josh Buckley, is in the market to raise a $250 million fund.

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6. 20VC

Fund size: $400M fund

20VC, a venture firm started by podcaster Harry Stebbings to invest in European startups, has raised a third fund in the amount of $400 million.

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7. Van Eck

Fund size: $30M fund

Van Eck, an investment firm, has launched a $30 million venture fund to invest in early-stage invest crypto, AI, and fintech deals.

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8. MindWorks

Fund size: $220M fund

MindWorks, a Hong Kong venture firm, has raised a $220 million fund to invest in startups in China and Southeast Asia in areas such as cross-border logistics, cross-border finance, and smart manufacturing.

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9. Benchmark

Fund size: $170M

Benchmark Partners, one of Silicon Valley’s most successful investors, has stuck to raising approximately $425 million in capital every few years.

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10. Infinity Ventures

Fund size: $184M

Infinity Ventures, an early-stage venture firm investing in companies enabling the future of fintech and commerce, announced today that it has raised a $184 million Fund II.

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11. Chemistry

Fund size: $350M

Chemistry, a new venture capital firm, has raised $350 million for its debut fund, with plans to invest in early-stage startups.

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12. General Catalyst

Fund size: $8B

General Catalyst, an U.S. venture capital giant, has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally.

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