August 2025

In August 2025, we monitored $5.36 billion in fresh venture capital and $32.78 billion in private equity raised for founders.

Capvisory Fund Tracker - Dry Powder Series August 2025

$5.36 billion in fresh venture capital and $32.78 billion in private equity raised for founders

Capvisory is a Berlin-based M&A boutique supporting tech founders in raising Seed to Series B funding and navigating successful exits.

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Each month, we track newly closed venture capital and private equity funds that empower startups on their growth journey. We aim to create the most comprehensive and reliable venture capital fund tracker, tailored to founders and entrepreneurs seeking insights into funds with significant investment capacity.

We focus on funds from Europe, the United States, Canada, Japan and the MENA region. We only feature funds that have successfully completed at least a first closing to ensure they actually have dry powder to invest.

In August 2025, we recorded 38 new venture capital fund closings, totaling $5.36 billion

August 2025 VC Funds
71/70 Angels
๐Ÿ‡บ๐Ÿ‡ธ

$4M VC Fund: Seed and early-stage enterprise software and advanced technology nationwide.

Airtree Ventures
๐Ÿ‡ฆ๐Ÿ‡บ

$425M VC Fund: Seed & growth capital for Australia and New Zealand tech founders.

Alumni Ventures
๐Ÿ‡บ๐Ÿ‡ธ

undisclosed VC Fund: AI First Fund backing AI-native startups built around LLMs, agents, and proprietary data.

BDC Capital
๐Ÿ‡จ๐Ÿ‡ฆ

$200M VC Fund: Industrial innovation in advanced manufacturing, ag-tech, extractives, and critical minerals.

byFounders
๐Ÿ‡ฉ๐Ÿ‡ฐ

undisclosed VC Fund: Community-powered early-stage investor backing impact-aware, globally ambitious founders.

Cambridge Innovation Capital (CIC)
๐Ÿ‡ฌ๐Ÿ‡ง

$115M VC Fund: Invests in University of Cambridge spinouts in deep tech and life sciences.

Clean Growth Fund
๐Ÿ‡ฌ๐Ÿ‡ง

$56.8M (First Close), $174M (Target) VC Fund: UK net-zero solutions in energy, mobility, and built environment.

CRV
๐Ÿ‡บ๐Ÿ‡ธ

$750M VC Fund: Leads seed and Series A in consumer, devtools, and AI for cybersecurity.

Curql Collective
๐Ÿ‡บ๐Ÿ‡ธ

$360M VC Fund: Credit union-backed fintech investments via Curql Fund II.

Deciens Capital
๐Ÿ‡บ๐Ÿ‡ธ

$93.33M VC Fund: Financial services innovation at seed and early growth.

Delphinus Venture Capital
๐Ÿ‡ฉ๐Ÿ‡ฐ

$93M VC Fund: Evergreen fund backing Danish research-driven/deep tech startups from pre-seed to scale-up.

Draper Associates
๐Ÿ‡บ๐Ÿ‡ธ

$200M VC Fund: Early-stage crypto and Web3 investments.

Energize Ventures
๐Ÿ‡บ๐Ÿ‡ธ

$430M VC Fund: Digitally enabled climate solutions in energy and industrial technology.

Expanse
๐Ÿ‡บ๐Ÿ‡ธ

$18M VC Fund: Fintech, healthtech, and insurtech leveraging GenAI and machine learning.

Forward Deployed VC
๐Ÿ‡บ๐Ÿ‡ธ

$45M VC Fund: Early-stage defense, energy, supply chain, and manufacturing technologies for mission-critical industries.

Frachtis
๐Ÿ‡ต๐Ÿ‡น

undisclosed VC Fund: Pre-seed crypto-native investments in decentralized infrastructure, AI, middleware, and apps.

Frazier Life Sciences
๐Ÿ‡บ๐Ÿ‡ธ

$1.3B VC Fund: Company creation and early-stage biotech, focused on novel therapeutics.

GoalVest Venture Capital
๐Ÿ‡บ๐Ÿ‡ธ

undisclosed (First Close), $50M (Target) VC Fund: Growth-stage tech, consumer, and industrials via primary and secondary deals.

GreenSky Ventures
๐Ÿ‡จ๐Ÿ‡ฆ

$18M VC Fund: Early-stage Canadian deep tech and enterprise software; seed and Series A.

Hatteras Venture Partners
๐Ÿ‡บ๐Ÿ‡ธ

$200M VC Fund: Seed and early-stage biopharma, medical devices, and healthtech.

Immortal Dragons
๐Ÿ‡ธ๐Ÿ‡ฌ

$40M VC Fund: Longevity fund investing in radical life extension technologies.

Italian Founders Fund
๐Ÿ‡ฎ๐Ÿ‡น

$35M VC Fund: Pre-seed and seed digital startups across Italy.

Lakestar
๐Ÿ‡จ๐Ÿ‡ญ

$265M VC Fund: Continuation vehicle backing select Lakestar portfolio companies.

Leonis Capital
๐Ÿ‡บ๐Ÿ‡ธ

$25M VC Fund: AI, dev tools, and enterprise SaaS at pre-seed and seed.

MobilityVC
๐Ÿ‡ฒ๐Ÿ‡จ

undisclosed VC Fund: Early-stage hydrogen economy technologies across production, storage, and mobility.

Norrsken Evolve
๐Ÿ‡ธ๐Ÿ‡ช

$66.61M VC Fund: Resilience tech across energy, industry, logistics, construction, food, healthcare, security, and climate.

Portfolia
๐Ÿ‡บ๐Ÿ‡ธ

undisclosed VC Fund: Womenโ€™s Health Fund IV investing across women-specific, differential, and disproportionate conditions.

Promus Ventures
๐Ÿ‡ฑ๐Ÿ‡บ

$140M VC Fund: Backs early-stage space sector companies.

QDNL Participations
๐Ÿ‡ณ๐Ÿ‡ฑ

$29M (First Close), $70M (Target) VC Fund: Global quantum tech investments beyond the Dutch ecosystem.

Santa Barbara Venture Partners
๐Ÿ‡บ๐Ÿ‡ธ

$25M VC Fund: B2B software, tech-enabled services, life sciences, and healthcare across Series Aโ€“C and select growth.

SIVentures
๐Ÿ‡ฉ๐Ÿ‡ช

$30M VC Fund: Pre-seed and seed B2B SaaS, AI applications, software infrastructure, and energy in DACH.

SMBC (SMBC Fin Atlas Beyond Fund)
๐Ÿ‡ฏ๐Ÿ‡ต

$300M VC Fund: Corporate VC backing early-stage U.S. fintech and AI in banking, payments, and wealth.

UNCOVERED FUND
๐Ÿ‡ฏ๐Ÿ‡ต

$20M VC Fund: Early-stage African startups in fintech, mobility, agri-tech, logistics, and sustainability.

Vanara Capital
๐Ÿ‡บ๐Ÿ‡ธ

undisclosed VC Fund: Flexible equity solutions for growth-stage technology companies; backed by TPG NEXT.

Veteran Ventures Capital
๐Ÿ‡บ๐Ÿ‡ธ

$60M VC Fund: Dual-use national security technologies at early stages.

Victus Global
๐Ÿ‡ฌ๐Ÿ‡ง

$10M VC Fund: Backs low-cap crypto projects and second-round financing within its Web3 ecosystem.

Yonder VC
๐Ÿ‡บ๐Ÿ‡ธ

undisclosed VC Fund: Early-stage marketplaces that build new economies.


In August 2025, we also counted 21 new private equity fund closings totaling $32.78 billion

Achmea Investment Management
๐Ÿ‡ณ๐Ÿ‡ฑ

$225M (First Close) PE Fund: Healthy People & Planet impact private equity (health and climate).

Africa50
๐Ÿ‡ฒ๐Ÿ‡ฆ

$118M (First Close), $400M (Target) PE Fund: Early-stage capital for climate-resilient African infrastructure.

Audax Strategic Capital
๐Ÿ‡บ๐Ÿ‡ธ

$1.3B PE Fund: Mid-hold equity solutions for sponsor-controlled companies in North America and Europe.

Bluefront Equity
๐Ÿ‡ณ๐Ÿ‡ด

$100M PE Fund: Seafood supply chain sustainability, ocean health, fish welfare, and resource efficiency.

Curewell Capital
๐Ÿ‡บ๐Ÿ‡ธ

$535M PE Fund: Builds middle-market healthcare leaders across services and tech.

Dawson Partners
๐Ÿ‡จ๐Ÿ‡ฆ

$8.18B PE Fund: Preferred-equity secondaries across sponsor portfolios.

Dextra Partners
๐Ÿ‡บ๐Ÿ‡ธ

$825M PE Fund: Co-invests alongside top-tier sponsors in North American middle-market companies.

HarbourView Equity Partners
๐Ÿ‡บ๐Ÿ‡ธ

$630M PE Fund: Acquires music rights and royalty streams.

Haven Capital Partners
๐Ÿ‡บ๐Ÿ‡ธ

$375M PE Fund: Flexible capital for lower middle-market tech services, healthcare, and education.

JMI Equity
๐Ÿ‡บ๐Ÿ‡ธ

$3.1B PE Fund: Growth equity in B2B software across sectors in North America.

Maxus Capital
๐Ÿ‡ง๐Ÿ‡ช

$350M PE Fund: Backs emerging small and mid-cap managers; co-investments and secondaries in EU and US.

OrbiMed
๐Ÿ‡บ๐Ÿ‡ธ

$1.86B PE Fund: Healthcare royalty and credit investments globally.

Pacific Avenue Capital Partners
๐Ÿ‡บ๐Ÿ‡ธ

$1.65B PE Fund: Corporate carve-outs and complex middle-market transactions.

Painswick Capital
๐Ÿ‡บ๐Ÿ‡ธ

$1.5B PE Fund: Continuation fund investing in high-performing middle-market companies via single-asset deals.

Periscope Equity
๐Ÿ‡บ๐Ÿ‡ธ

$370M PE Fund: Founder-owned, tech-enabled business services in the U.S.

Post Road Group
๐Ÿ‡บ๐Ÿ‡ธ

$1.025B PE Fund: Special situations and digital infrastructure across software, TMT, and services.

Prelude Growth Partners
๐Ÿ‡บ๐Ÿ‡ธ

$600M PE Fund: High-growth branded consumer products and services.

Pritzker Private Capital
๐Ÿ‡บ๐Ÿ‡ธ

$3.4B PE Fund: North American middle-market in manufactured products and services.

Silversmith Capital Partners
๐Ÿ‡บ๐Ÿ‡ธ

$1.7B PE Fund: Growth equity in technology and healthcare; founder-first approach.

Spire Capital
๐Ÿ‡ต๐Ÿ‡ฑ

$105M PE Fund: Tech-enabled services, software, and e-commerce buyouts and growth in CEE.

TPG
๐Ÿ‡บ๐Ÿ‡ธ

$4.8B PE Fund: Growth equity in software, enterprise tech, media, communications, healthcare, and business services.

Did our fund tracker miss anyone in August 2025?

Let us know about any missing VCs or PEs by emailing us at hi@capvisory.de.

P.S. Weโ€™re always trying to keep track of all relevant funds to keep our internal investor CRM (tracking 20,000+ investors globally) up-to-date. This resource helps us to kickstart investor funnel creation for every fundraising and M&A project.

Capvisory is an independent, founder-led advisory boutique specializing in fundraising, sell-side M&A, and buy-side M&A for fast-growing tech companies and their investors.

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