Capvisory Fund Tracker - Dry Powder Series March 2025
$7.69 billion in fresh venture capital and $29.27 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 March 2025, we recorded 49 new venture capital fund closings, totaling $7.69 billion
Undisclosed VC Fund: Invests from Seed to Series B in aviation and transportation tech, launched by NYC-based Vantage Group.
Source
$100M VC Fund: Backs AI startups reshaping the energy sector for a more efficient and resilient grid.
Undisclosed VC Fund: Focuses on connected devices, automotive, and mobility solutions, typically investing at Seed stage and beyond.
$20M VC Fund: Targets early-stage “social discovery” startups to foster next-gen social platforms and communities.
$20M VC Fund: Invests Seed to Series B across LATAM, Africa, MENAP in O2O, B2B SaaS, and FinTech, leveraging Yango’s global presence.
$22.5M VC Fund: Early-stage investor with a hands-on approach, focusing on fewer startups for deep operational support.
$175M VC Fund: Invests in early-stage deep tech and biotech, out of Boston, with $500M total AUM.
$62M second close (target $100M VC Fund): Seed-stage enterprise software investor with a global approach; invests through Series A.
$64M VC Fund: Early-stage investments in the Alpine region, partnering with regional asset managers and entrepreneurs.
$300M VC Fund: Focuses on Seed to Series A in manufacturing, logistics, transportation, defense, and energy.
$40M VC Fund: Doubles down on foodtech, digital health, and enterprise SaaS, especially in the Midwest.
$200M VC Fund: Research-led approach to climate tech for urban environments, typically writing Series A checks.
$215M first close (target $270M VC Fund): Emphasizes science-driven innovation for the next wave of breakthroughs.
$110M first close (target $130M VC Fund): Invests in European software and AI-driven data ventures, typically early-stage to Series A.
$175M VC Fund: Pre-seed and Seed, sector-agnostic with a strong software focus; big believers in AI.
$600M VC Fund: Hunts “$0B markets” in enterprise, AI, fintech, and crypto—backing founders who create entirely new markets.
$1B VC Fund: B2B software powerhouse, fueling iconic SaaS companies and building on its enterprise track record.
$152M VC Fund: Europe-focused investor in cybersecurity, applied AI, digital infrastructure, hardware, digital health, and space.
$25M first close (target $80M VC Fund): Seed/early deep-tech/hard-tech across the US Southwest and Northwest Europe.
Undisclosed VC Fund: Super-early investing in Finland, Sweden, and Estonia, with active follow-ons.
$998M VC Fund: Early- to growth-stage, focusing on supply chain, logistics, and transformative tech, based in Austin.
$350M VC Fund: Backs founders at the earliest stages in AI-enabled services, SaaS, fintech, digital health, and cybersecurity.
$1.2B VC Fund: Major European life sciences investor fueling healthcare and biotech innovation.
$107M VC Fund: Amsterdam-based VC focused on Web3 and blockchain ventures.
$81M VC Fund: Invests in automation, AI, carbon capture, electrification, and low-carbon materials for net zero.
$177M VC Fund: Invests in early-stage B2B companies transforming enterprise, healthcare, and financial services.
$190M VC Fund: Palo Alto-based investor targeting enterprise AI, healthcare, and industrial automation startups.
Undisclosed VC Fund: Porto-based cybersecurity and infrastructure software VC, investing globally.
$50M VC Fund: Blockchain-focused firm backing RWAs, DeFi, PayFi, and consumer Web3 apps.
$181.8M VC Fund: Backs consumer, commerce, and culture startups across the US.
$13M VC Fund: Seeks “big ideas solving big problems” in SaaS, fintech, healthcare, platforms, and deeptech.
$85M VC Fund: Targets proven climate and decarbonization tech—clean energy, resilient infrastructure, and sustainable land use.
$175M VC Fund: Invests in natural climate solutions to reduce emissions across agriculture and beyond.
$24M VC Fund: UK-based, invests Pre-Seed/Seed in B2B SaaS and consumer tech.
$56M VC Fund: Seed-stage fintech investor fueling financial resilience solutions.
$25M first close (target $50M VC Fund): Cleveland-based firm backing Seed & Series A startups in Ohio.
$100M VC Fund: Dubai-based venture builder backing AI-focused tech startups worldwide.
$200M VC Fund: NYC-based firm investing in software, fintech, digital infrastructure, and healthcare IT.
$55M VC Fund: Climate-tech investor for Sub-Saharan Africa across energy, agriculture, and mobility.
$50M second close: Early-stage MENA focus in fintech, healthtech, edtech, and sustainability.
$54M VC Fund: Backs sustainable startups in Europe with climate-friendly and social impact.
$50M first close (target $100M VC Fund): Targets maritime supply chain to digitize and decarbonize shipping.
Undisclosed VC Fund: Co-builds and invests in sustainable, profitable, and impactful ventures.
$27M VC Fund: Stockholm-based investor accelerating European SaaS, embedded finance, and fintech scaleups.
$27M VC Fund: Early-stage backer of games tech for next-gen interactive entertainment.
$20M VC Fund: Seed investments across AI, fintech, mobility, and sustainability, focused on European founders.
In March 2025, we also counted 22 new private equity fund closings totaling $29.27 billion
$3.24B PE Fund: Invests in European mid-market companies across diverse sectors – final close of its second fund.
$539M PE Fund: Focused on Nordic mid-market companies in tech services, business software and scalable business models.
$570M PE Fund: Invests in ambitious, consumer-focused businesses targeting expansion in the Netherlands, France, DACH, Belgium and the Nordics.
$2.5B PE Fund: Software-focused investor in mid-market companies, oversubscribed and substantially larger than its predecessor.
$1.75B PE Fund: Focus on growth equity and buyout opportunities in North America within communications, healthcare IT, software, and tech-enabled services sectors.
$1.2B PE Fund: Invests in consumer, business services, health & wellness, automotive and food & beverage sectors.
$430M PE Fund: Operator-led investor targeting UK, BeNeLux and Iberia in Healthcare, Services and Consumer segments.
$700M PE Fund: Invests in market-leading middle market companies with services-based business models.
$210M PE Fund: Focused on growing family- and founder-owned businesses in industrial and infrastructure services.
$500M PE Fund: Invests in high-potential companies across Europe and the U.S. with a buyout strategy.
$1.35B PE Fund: Operationally focused investor in growth companies across government/business services, food manufacturing and industrial tech.
$3.5B PE Fund: Invests across diverse sectors including business services, consumer products, healthcare and industrial services.
$250M PE Fund: Focused on women’s sports, supporting growth in the sports industry.
$1B PE Fund: Invests in scaled Canadian oil and gas businesses using a value-based approach.
$233M PE Fund: Independent sponsor fund providing equity capital to middle-market companies deal-by-deal.
$1B PE Fund: Provides flexible debt and equity capital to lower middle-market U.S. businesses.
$500M PE Fund: Invests in lower middle-market companies delivering data and national defense solutions to the U.S. government.
$403M first close PE Fund: Invests in small to lower mid-sized European buyouts across Benelux, Germany, France, UK and Scandinavia.
$1.4B PE Fund: Invests in high growth, capital-efficient software businesses with active operational support.
$4.5B PE Fund: Invests in mid-market, founder-led European businesses across Technology, Digital Consumer, Education and Business Services.
Did our fund tracker miss anyone in March?
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.
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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.
