May 2025

In May 2025, we monitored $9.11 billion in fresh venture capital and $98.79 billion in private equity raised for founders.

Capvisory Fund Tracker - Dry Powder Series May 2025

$9.11 billion in fresh venture capital and $98.79 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 May 2025, we recorded 65 new venture capital fund closings, totaling $9.11 billion

Fund List
A100x Ventures
🇺🇸

$50M VC Fund: Early-stage web3 startups with positive social impact.

🇺🇸

$6M VC Fund: Specialty-pharma & rare-disease growth equity.

🇨🇦

$80M VC Fund: Climate-tech Seed-to-Series A.

Adams Street
🇬🇧

$270M VC Fund: European health & tech early stage.

AI Fund
🇺🇸

$190M VC Fund: Applied-AI company-builder for B2B SaaS.

🇻🇬

$10M VC Fund: Web3 gaming ecosystem.

🇺🇸

$93M VC Fund: Secondaries for venture & growth stakes.

Blue Ocean Games
🇺🇸

$30M VC Fund: Indie-game studios via contest model.

🇫🇷

$1B VC Fund: Global AI & climate growth bets.

🇺🇸

undisclosed VC Fund: Product-led AI & SaaS founders.

Coatue CTEK
🇺🇸

$1B VC Fund: Tender-offer access to AI & software winners.

Creator Ventures
🇺🇸

$45M VC Fund: Creator-economy startups in US & EU.

🇺🇸

$20M VC Fund: Media-marketing studio linking brands & creators.

dao5
🇺🇸

$222M VC Fund: DAO-native web3 products.

🇺🇸

$600M VC Fund: Healthcare & life-science breakthroughs.

🇺🇸

$400M VC Fund: Healthcare & life-science growth.

Digital Genesis Fund
🇺🇸

$20M VC Fund: Web3 & AI-entertainment crossover.

Dynamo Ventures
🇺🇸

$54M VC Fund: Logistics, supply-chain and manufacturing Seed.

Earthling
🇺🇸

$4.5M VC Fund: Next-gen VR, robotics & AI pre-Seed.

ECP Growth
🇺🇸

$100M VC Fund: Consumer-value chain, mobility & wellness.

Energize Capital
🇺🇸

$430M VC Fund: Digital-first climate & energy solutions.

Factorial Funds
🇺🇸

$200M VC Fund: Frontier-tech and AI specialists.

Final Frontier
🇨🇭

$4.5M VC Fund: Space-economy hardware & infra bets.

🇺🇸

$20M VC Fund: LatAm fintech Seed bets.

🇺🇸

undisclosed CVC Fund: Alphabet-level applied-AI moon-shots.

Headline Asia
🇯🇵

$145M VC Fund: Series A-B tickets across APAC tech.

Highline Beta
🇨🇦

undisclosed VC Fund: ETH venture-studio spin-outs & web3 tools.

🇻🇳

$500M VC Fund: PropTech accelerator for real-estate innovation.

🇺🇸

$26M VC Fund: Super-early checks for US tech founders.

InReach Ventures
🇬🇧

undisclosed VC Fund: AI-sourced European Seed deals.

🇳🇱

$44M VC Fund: Early-stage defence tech in Europe.

Kriscore Capital
🇺🇸

$5.8M VC Fund (first close): Pre-Seed fintech & SaaS in emerging hubs.

Lunar Ventures
🇩🇪

$55M VC Fund: Pre-Seed European deep-tech thesis.

🇬🇷

$82.5M VC Fund: Seed capital for Greek & Balkan founders.

Masia
🇪🇸

$22M VC Fund: Frontier-tech pre-Seed & Seed bets nurturing Barcelona’s wave.

🇬🇧

$48.4M VC Fund: Series A digital-health across US/UK.

🇨🇦

$25M VC Fund: AI-native data-ops & infra builders.

🇯🇵

$60M CVC Fund: Green materials & sustainable chemistry.

MountainX
🇨🇭

undisclosed VC Fund: Alpine climate- & defence-tech Seed.

🇺🇸

$125M CVC Fund: Insur-tech & climate-risk growth.

Nascent
🇨🇦

$15M VC Fund: Crypto- & Web3 pre-Seed across LatAm.

OPEN
🇸🇬

$30M VC Fund: SEA fintech & unicorn-index plays.

Outset Ventures
🇳🇿

$25M VC Fund: NZ deep-tech incubator.

Picus Capital
🇩🇪

$275M VC Fund: Global early-stage from day zero.

🇺🇸

$54M VC Fund: Climate-tech Seed & Series A moon-shots.

PSV Tech Fund
🇩🇰

$77M VC Fund: Nordic deep-tech & future software.

QuantumLight
🇺🇸

$250M VC Fund: AI-driven data-infra & security.

Raiven Capital
🇨🇦

$100M VC Fund: Climate-tech & resilient-infra early stage.

🇺🇸

$650M VC Fund: Early-stage cloud, AI & consumer tech.

Robert Bosch VC
🇩🇪

$275M CVC Fund: Industry 4.0, AI & decarbonization.

Schema Ventures
🇺🇸

$20M VC Fund: Future-of-work SaaS & fintech Seed.

🇺🇸

$80M VC Fund: Consumer & creator-economy pre-Seed.

Seed Capital
🇩🇰

$76.5M VC Fund: Danish deep-tech & B2B SaaS.

🇺🇸

$21M VC Fund: Houston tech ecosystem pre-Seed.

🇺🇸

$269M VC Fund: Neuro-degenerative therapeutics.

🇺🇸

$30M VC Fund: Food-tech & healthy-snack disruptors.

TIN Capital
🇳🇱

$16.5M VC Fund (first close): European cyber tech from Seed to Series C.

Tritemius
🇪🇸

$23.1M VC Fund: Spain’s first regulated Web3 Seed.

Uncork Capital
🇺🇸

$300M VC Fund: Early-Seed SaaS & infra.

VentureIsrael
🇮🇱

$25M VC Fund: Deep-tech & defence innovations.

Wave Ventures
🇫🇮

$7M VC Fund: Gen-Z investors backing Nordic Gen-Z founders.

Work-Bench
🇺🇸

$160M VC Fund: NYC enterprise-SaaS Seed.

Wyld VC
🇸🇦

$50M VC Fund: MENA-to-SF AI-native startups.

🇯🇵

$50M CVC Fund: Audio, AI-music & creator tools.

🇺🇸

$82M VC Fund: Inclusive fintech & future-of-work.


In May 2025, we also counted 26 new private equity fund closings totaling $98.79 billion

Fund List
🇳🇱

$4.1B PE Fund: Global co-investments in buyouts.

Ares Management
🇺🇸

$3B PE Fund: Sector-agnostic growth capital.

Atlas Holdings
🇺🇸

$6.5B PE Fund: Distressed & industrial buyouts.

BGF
🇬🇧

$3.9B PE Fund: Scale-up capital for UK mid-market firms.

Corsair Capital
🇺🇸

$600M PE Fund: Continuation vehicle for European fintech wins.

🇺🇸

$415M PE Fund: US lower-mid-market services roll-ups.

🇺🇸

$1.1B PE Fund: Growth-stage vertical-SaaS worldwide.

Impilo
🇸🇪

$770M PE Fund: Nordic healthcare buy-and-build.

🇺🇸

$574M PE Fund: Minority growth in US enterprise software.

Kayne Anderson
🇺🇸

$2.3B PE Fund: Energy transition & infrastructure buyouts.

🇺🇸

$20B PE Fund: Flagship buyout vehicle despite slow market.

🇺🇸

$1.5B PE Fund: Bootstrapped SaaS scale-ups.

Nexa Equity
🇺🇸

$390M PE Fund: Vertical-SaaS buyouts for growth acceleration.

🇺🇸

$383M PE Fund: Co-investment & secondaries in mid-market buyouts.

🇨🇦

$330M PE Fund: Energy-transition infrastructure & mid-market equity.

PX3 Partners
🇬🇧

$550M PE Fund: Mid-market buy-and-build across Europe.

Quadria Capital
🇸🇬

$954M PE Fund: Asia-Pacific healthcare growth & buyouts.

🇺🇸

$735M PE Fund: US lower-mid industrial services & logistics.

🇺🇸

$560M PE Fund: Founder-led business-services roll-ups.

🇺🇸

$250M PE Fund: Vertical-market software buyouts.

Thoma Bravo
🇺🇸

$34.3B PE Fund: Flagship Discover IV & Explore II software buyouts.

🇨🇦

$237M PE Fund: Scaling Western-Canadian mid-market.

Veritas Capital
🇺🇸

$13B PE Fund: Flagship VII for mission-critical government tech.

Vivo Capital
🇺🇸

$740M PE Fund: Public vehicle for global healthcare & life-science growth.

VMG Partners
🇺🇸

$1B PE Fund: Consumer brands & omnichannel retail.

🇨🇦

$625M PE Fund: Growth equity for water-tech scale-ups.

Did our fund tracker miss anyone in May?

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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