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.

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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 May 2025, we recorded 65 new venture capital fund closings, totaling $9.11 billion

Fund List
A100x Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

ActiMed Investment
๐Ÿ‡บ๐Ÿ‡ธ

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

Active Impact Investments
๐Ÿ‡จ๐Ÿ‡ฆ

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

Adams Street
๐Ÿ‡ฌ๐Ÿ‡ง

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

AI Fund
๐Ÿ‡บ๐Ÿ‡ธ

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

Arbitrum Gaming Ventures
๐Ÿ‡ป๐Ÿ‡ฌ

$10M VC Fund: Web3 gaming ecosystem.

Ballast Equity Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Blue Ocean Games
๐Ÿ‡บ๐Ÿ‡ธ

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

Cathay Innovation
๐Ÿ‡ซ๐Ÿ‡ท

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

Character Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Coatue CTEK
๐Ÿ‡บ๐Ÿ‡ธ

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

Creator Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

Crowd Power Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

dao5
๐Ÿ‡บ๐Ÿ‡ธ

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

Deerfield Management
๐Ÿ‡บ๐Ÿ‡ธ

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

Denali Growth Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Digital Genesis Fund
๐Ÿ‡บ๐Ÿ‡ธ

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

Dynamo Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

Earthling
๐Ÿ‡บ๐Ÿ‡ธ

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

ECP Growth
๐Ÿ‡บ๐Ÿ‡ธ

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

Energize Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Factorial Funds
๐Ÿ‡บ๐Ÿ‡ธ

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

Final Frontier
๐Ÿ‡จ๐Ÿ‡ญ

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

Gilgamesh Ventures
๐Ÿ‡บ๐Ÿ‡ธ

$20M VC Fund: LatAm fintech Seed bets.

Google AI Futures Fund
๐Ÿ‡บ๐Ÿ‡ธ

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

Headline Asia
๐Ÿ‡ฏ๐Ÿ‡ต

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

Highline Beta
๐Ÿ‡จ๐Ÿ‡ฆ

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

Hyra Combinator Fund
๐Ÿ‡ป๐Ÿ‡ณ

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

Immad Akhund Early Stage Fund
๐Ÿ‡บ๐Ÿ‡ธ

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

InReach Ventures
๐Ÿ‡ฌ๐Ÿ‡ง

undisclosed VC Fund: AI-sourced European Seed deals.

Keen Venture Partners
๐Ÿ‡ณ๐Ÿ‡ฑ

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

Kriscore Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Lunar Ventures
๐Ÿ‡ฉ๐Ÿ‡ช

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

Marathon Venture Capital
๐Ÿ‡ฌ๐Ÿ‡ท

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

Masia
๐Ÿ‡ช๐Ÿ‡ธ

$22M VC Fund: Frontier-tech pre-Seed & Seed bets nurturing Barcelonaโ€™s wave.

Meridian Health Ventures
๐Ÿ‡ฌ๐Ÿ‡ง

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

Metalayer Ventures
๐Ÿ‡จ๐Ÿ‡ฆ

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

Mitsui Chemicals CVC
๐Ÿ‡ฏ๐Ÿ‡ต

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

MountainX
๐Ÿ‡จ๐Ÿ‡ญ

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

Munich Re Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

Nascent
๐Ÿ‡จ๐Ÿ‡ฆ

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

OPEN
๐Ÿ‡ธ๐Ÿ‡ฌ

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

Outset Ventures
๐Ÿ‡ณ๐Ÿ‡ฟ

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

Picus Capital
๐Ÿ‡ฉ๐Ÿ‡ช

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

Planeteer Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

PSV Tech Fund
๐Ÿ‡ฉ๐Ÿ‡ฐ

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

QuantumLight
๐Ÿ‡บ๐Ÿ‡ธ

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

Raiven Capital
๐Ÿ‡จ๐Ÿ‡ฆ

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

Redpoint Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

Robert Bosch VC
๐Ÿ‡ฉ๐Ÿ‡ช

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

Schema Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

Scribble Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

Seed Capital
๐Ÿ‡ฉ๐Ÿ‡ฐ

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

South Loop Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

SV Health Investors
๐Ÿ‡บ๐Ÿ‡ธ

$269M VC Fund: Neuro-degenerative therapeutics.

Taste Tomorrow Ventures
๐Ÿ‡บ๐Ÿ‡ธ

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

TIN Capital
๐Ÿ‡ณ๐Ÿ‡ฑ

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

Tritemius
๐Ÿ‡ช๐Ÿ‡ธ

$23.1M VC Fund: Spainโ€™s first regulated Web3 Seed.

Uncork Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

VentureIsrael
๐Ÿ‡ฎ๐Ÿ‡ฑ

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

Wave Ventures
๐Ÿ‡ซ๐Ÿ‡ฎ

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

Work-Bench
๐Ÿ‡บ๐Ÿ‡ธ

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

Wyld VC
๐Ÿ‡ธ๐Ÿ‡ฆ

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

๐Ÿ‡ฏ๐Ÿ‡ต

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

Zeal Capital Partners
๐Ÿ‡บ๐Ÿ‡ธ

$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
AlpInvest Partners
๐Ÿ‡ณ๐Ÿ‡ฑ

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

Ares Management
๐Ÿ‡บ๐Ÿ‡ธ

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

Atlas Holdings
๐Ÿ‡บ๐Ÿ‡ธ

$6.5B PE Fund: Distressed & industrial buyouts.

BGF
๐Ÿ‡ฌ๐Ÿ‡ง

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

Corsair Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Eagle Merchant Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Five Elms Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Impilo
๐Ÿ‡ธ๐Ÿ‡ช

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

Invictus Growth Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Kayne Anderson
๐Ÿ‡บ๐Ÿ‡ธ

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

KKR Flagship Buyout Fund
๐Ÿ‡บ๐Ÿ‡ธ

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

Mainsail Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Nexa Equity
๐Ÿ‡บ๐Ÿ‡ธ

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

Performance Equity Management
๐Ÿ‡บ๐Ÿ‡ธ

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

Power Sustainable
๐Ÿ‡จ๐Ÿ‡ฆ

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

PX3 Partners
๐Ÿ‡ฌ๐Ÿ‡ง

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

Quadria Capital
๐Ÿ‡ธ๐Ÿ‡ฌ

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

Rotunda Capital Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Southfield Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Terminus Capital Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

Thoma Bravo
๐Ÿ‡บ๐Ÿ‡ธ

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

TriWest Capital Partners
๐Ÿ‡จ๐Ÿ‡ฆ

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

Veritas Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

Vivo Capital
๐Ÿ‡บ๐Ÿ‡ธ

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

VMG Partners
๐Ÿ‡บ๐Ÿ‡ธ

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

XPV Water Partners
๐Ÿ‡จ๐Ÿ‡ฆ

$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. Weโ€™re always trying to keep track of all relevant funds to keep our internal investor CRM โ€” tracking 20,000+ investors globally โ€” 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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