April 2025

In April 2025, we monitored $13.74 billion in fresh venture capital and $32.43 billion in private equity raised for founders.

Capvisory Fund Tracker - Dry Powder Series April 2025

$13.74 billion in fresh venture capital and $32.43 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.

Gründer und Partner

Gründer und Partner

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 April 2025, we recorded 69 new venture capital fund closings, totaling $13.74 billion

Fund List
🇺🇸

$46M VC Fund: Resilient, capital-efficient U.S. founders.

🇺🇸

$22M VC Fund: European defense & security tech.

🇺🇸

$395M VC Fund: Early-stage B2B software in the US.

🇰🇷

$100M CVC Fund: Asia-focused Solana projects.

🇬🇧

$340M first close Venture-Debt Fund: Growth loans for European tech scale-ups.

🇳🇱

$120M VC Fund: Climate-tech venture & growth investments.

🇪🇸

$22M VC Fund: Late-stage Israeli deep-tech in AI, cyber, semiconductors & deep-tech.

🇺🇸

$75M first close VC Fund: Defence-aligned deep-tech and critical-infrastructure startups.

CIV
🇺🇸

$210M VC Fund: Manufacturing, energy & infrastructure.

🇮🇹

VC Fund first close ($110M target): Early-stage Italian biotech.

🇸🇬

$30M Seed Fund ($50M target): Enterprise & deep-tech deals across Southeast Asia.

🇬🇧

$100M VC Fund: Pre-Seed/Seed B2B SaaS, AI & cloud in Europe, Israel, US.

🇬🇧

Undisclosed VC Platform: Early-stage African tech.

🇺🇸

$18M VC Fund: Tech fighting human trafficking & modern slavery.

🇺🇸

$47.3M VC Fund: AgeTech & senior care.

🇺🇸

$350M Fund: Venture debt & growth equity for later-stage tech and healthcare.

EWOR
🇩🇪

$66M Founder-Fellowship Fund: €500k tickets for elite “founder prodigies” scaling globally.

🇩🇪

$38.5M VC Fund: B2B & deep-tech startups at pre-seed stage.

🇺🇸

$40M VC Fund: Fintech, health & commerce localization.

FM Capital
🇺🇸

$240M VC Fund: Automotive & transportation tech, early-/growth-stage.

Fortson
🇺🇸

$50M VC Fund: US early-stage software.

🇺🇸

$4.6B VC Fund: Late-stage bets on breakthrough tech sectors.

🇺🇸

$525M VC Fund: Mission-driven growth investments in breakout companies.

🇩🇪

$11M VC Fund: Pre-seed deep-tech & B2B in Germany’s Ruhr region.

HealthCap
🇸🇪

$52.8M VC Fund: Precision-medicine life-sciences.

HessenFonds
🇩🇪

$1.1B Gov Fund: Loans & equity for Hessen SMEs & startups.

🇺🇸

$100M VC Fund: AI-driven seed startups via live-in accelerator.

🇺🇸

$15M VC Fund: Early-stage industrial tech in the US Midwest.

🇫🇷

$88M VC Fund: Growth-stage enterprise software worldwide.

KDDI OIF
🇯🇵

$35M CVC Fund: Early-stage AI & deep-tech in Japan.

🇩🇰

$165M VC Fund: Industrial & built-environment tech.

🇺🇸

$200M VC Fund: Seed-stage, sector-agnostic in the US.

🇺🇸

$250M VC Fund: Early-stage software in California & Texas.

Neo
🇮🇪

$320M VC Fund: Scholar-driven seed talent network.

🇬🇧

$66M VC Fund: Early-stage life-science & deep-tech in Northern England.

🇳🇱

$22M Venture-Building Fund: Backs Ukrainian defence tech in EW, unmanned systems & smart materials.

NuVentures
🇺🇸🇮🇳

$75M VC Fund: AI & SaaS startups with strong India-US go-to-market bridge.

🇺🇸

Undisclosed VC Fund: Early-stage US consumer brands.

🇬🇧

$64M VC Fund: Seed-stage cybersecurity in the UK.

🇬🇧

$20M VC Fund: Seed-stage B2B tech across Europe.

P101
🇮🇹

$275M VC Fund: Early & growth Italian tech.

🇺🇸

$66M VC Fund: Pre-seed startups across sectors in North America.

🇷🇴

Undisclosed Development Fund: Innovation & development in Western Romania.

🇦🇹

$220M CVC Fund: Early-stage media, tech, sports & sustainability.

Revaia
🇫🇷

$275M VC Fund: Sustainable growth tech in Europe & Israel.

🇩🇪

$110M VC Fund: Early-stage impact tech (climate, health) in Europe.

🇹🇷

$86M first close VC Fund: Fintech, B2B SaaS, cyber & health-tech with “Seed Pocket” for pre-seed gems.

RockawayX
🇨🇿

$125M Crypto VC Fund: Solana & DeFi infrastructure.

🇺🇸

$32M VC Fund: Seed-stage cybersecurity startups.

🇺🇸

Undisclosed VC Fund: Early AI-safety & alignment startups.

Seveno
🇸🇬

$70M VC Fund: Five-year pledge to extend human health-span.

SignalFire
🇺🇸

$1B VC Fund: Applied-AI early-stage investments.

🇺🇸

$360M VC Fund: Operator-led capital for mission-critical enterprise software scale-ups.

🇺🇸

$50M VC Fund: Fueling late-stage, breakthrough med-tech companies.

Stepchange
🇺🇸

$7M VC Fund: Asset-light software decarbonising transport, buildings & energy.

🇬🇧

$16.5M second close VC Fund: Fintech & B2B software across Kazakhstan-Bangladesh corridor.

🇺🇸

$250M VC Funds: Modern enterprise & industry.

🇺🇸

$13.5M VC Fund: Early-stage health & fintech with diverse founders.

TBD VC
🇮🇱

$35M VC Fund: Pre-seed deep-tech (AI, cyber, infra).

TDK Fund
🇺🇸

$150M CVC: Seed to Series B deep-tech & climate.

Team Ignite
🇺🇸

$1M YC rolling fund: AI & infra SaaS.

🇩🇪

Evergreen CVC Fund: Early-stage logistics & industrial tech.

🇺🇸

$80M VC Fund: Early-stage urban-tech ventures.

🇺🇸

$262.5M VC Fund: Early-stage, hands-on investors in cloud infra, security, AI & data.

🇬🇧

$27.5M VC Fund: Late-seed/Series-A B2B marketplaces modernising global supply chains.

🇱🇹

CVC: Re-commerce startups reshaping European second-hand consumption.

🇺🇸

$100M VC Fund: Series A/B B2B software.

Volution
🇬🇧

$100M VC Fund: UK FinTech, AI & SaaS scale-ups.

🇺🇸

$7M VC Fund: Early-stage health-tech in Arizona.


In April 2025, we also counted 22 new private equity fund closings totaling $32.43 billion

Fund List
ABC Impact
🇸🇬

$600M PE Fund: Focus on impact investing across Asia.

🇺🇸

$300M PE Fund: Lower-mid-market industrial platforms within various industrial subsectors, including industrial rentals or manufacturing.

🇺🇸

$1B PE Fund: Energy-sector investments in North America.

Ansor
🇬🇧

$312.5M PE Fund: UK buy-and-build specialist.

🇺🇸

$1.2B PE Fund: Specialist buy-outs scaling flavor-tech and food-&-beverage innovators.

D Capital
🇯🇵

$445M PE Fund: Lower-mid-market DX buyouts within Japan.

🇺🇸

$1B PE Fund: Renewable-energy infrastructure in North America.

🇺🇸

Evergreen PE Fund: Diversified private-equity platform for individuals.

🇬🇧

$4.5B PE Fund: European mid-market buyouts with sustainability focus.

🇺🇸

$1.44B PE Fund: Travel & leisure opportunities globally.

🇺🇸

$5.4B PE Fund: Healthcare buyouts.

🇺🇸

$2.45B PE Fund: Lower-mid-market tech & healthcare.

🇺🇸

$182M PE Fund: Lower-mid-market B2B SaaS & services buyouts.

🇺🇸

$2.3B PE Fund: Co-investments alongside buyout sponsors.

ODDO BHF
🇫🇷

$220M PE Fund: Tech primaries, secondaries & co-investments.

🇨🇦

$1.3B PE Fund: Lower-mid-market North American buyouts.

Palatine
🇬🇧

$317.5M PE Fund: B-Corp investor in UK lower-mid-market business services, tech & financials.

🇺🇸

$994M PE Fund: Lower-mid-market co-investments.

🇺🇸

$5B PE Fund: Opportunistic deals across industries.

StepStone
🇺🇸

$705M Growth Equity Fund: Flexible direct & continuation deals in tech and healthcare.

🇺🇸

$2.7B PE Fund: Mid-market, sector-agnostic North America.

🇫🇷

$23M PE Fund: Growth-stage Industry 4.0 SMEs in France.

Did our fund tracker miss anyone in April?

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

P.S. We’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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