Capvisory Fund Tracker - Dry Powder Series October 2025
$6.45 billion in fresh venture capital and $73.25 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.
Summary and insights of October 2025
In October 2025, we recorded 54 new venture capital fund closings, totaling $6.45 billion
$156M (First Close), $326M (Target) VC Fund: Quantum technology across the globe.
Source
$55M VC Fund: Early-stage hybrid fund to invest in emerging managers and their most promising portfolio companies in technology in NA.
$23M VC Fund: Focuses on artificial intelligence applied to solving real business problems.
$80M VC Fund: Supporting new tech ventures at the intersection of AI and real-world applications.
$3.2M VC Fund: Accelerator helping founders build the financial and technological infrastructure of the future (Bitcoin, Fintech, and emerging technologies).
$137M VC Fund: Early-stage investment in Vertical Software for Legacy Industries, Healthcare IT & Services, and SMB Consolidations (“Rollups”).
$50M (First Close), $150M (Target) VC Fund: Global focus on defense innovation.
$550M VC Fund: Pre-seed and seed-stage backing for founders across all sectors of software and technology.
$50M VC Fund: Funding the development of critical water technologies and infrastructure.
$35M VC Fund: Dual-track model focused on HealthTech and empowering Austrian Entrepreneurs.
$5.8M VC Fund: SportsTech startups in AI, Data, Wearables, Fan Engagement, and E-Sports.
$41M (Initial Close) VC Fund: Pre-seed backing for scientific founders to turn research into Deep Tech startups.
$33M VC Fund: Early-stage companies in complex, highly regulated markets like insurance, financial services, healthcare, and emerging risk categories.
$70M (First Close), $195M (Target) VC Fund: Accelerating innovation across the entire water value chain (infrastructure, advanced treatment, monitoring, automation).
undisclosed VC Fund: Early-stage (inception, pre-seed, seed) businesses in cloud infrastructure, data and AI infrastructure, and cybersecurity.
$9.28M (First Close) VC Fund: Climate-focused; targets near-market climate technologies.
undisclosed (First Close), $251M (Target) VC Fund: Early-stage industrial tech companies across the Benelux, DACH, Nordics, and other European innovation hubs.
$115M VC Fund: (Pre-) Seed to Series A startups in the DACH region/Europe, specializing in disruptive B2B business models, particularly in Health, DeepTech, and B2B SaaS Models.
undisclosed VC Fund: Evergreen vehicle focused on venture capital and growth investments across multiple regions (Europe, Asia, LatAm, MENA, ANZ, Canada).
$270M VC Fund: Fund of funds seeking to invest in highly sought-after early-stage fund managers at the forefront of innovation.
$115M (Initial Close), $217M (Target) VC Fund: Supporting purpose-driven consumer brands in beauty, wellness, nutrition, longevity, and conscious living.
undisclosed VC Fund: Early-stage life sciences investments at the frontier of human health.
undisclosed VC Fund: Generalist fund with particular focus on MedTech, BioTech, and HealthTech.
$463M VC Fund: Sector agnostic early-stage (pre-seed and seed) investor focused on empowering Europe’s most promising founders to build global market leaders.
$15M VC Fund: Backing Web3 startups solving real-world problems in Africa, Latin America, and Southeast Asia.
$12M VC Fund: Dedicated exclusively to backing Y Combinator startups (B2B SaaS, fintech infrastructure, and AI).
$64M VC Fund: Connecting Italy’s food industry with startups in AgriTech and FoodTech.
$7.3M (First Close), $15M (Target) VC Fund: Venture capital firm purpose-built to back immigrant founders.
$50M VC Fund: Operator-led VC focused on building and funding crypto companies.
undisclosed VC Fund: Dedicated to empowering founders who are shaping the future of enterprise artificial intelligence (AI).
$325M VC Fund: Pre-Seed to Series A focus on AI, Biotech, Cybersecurity, Consumer Platforms, and Network Effect–Driven Startups.
$75M VC Fund: Supporting Europe’s most ambitious founders with US-style VC, focusing on bridging the Europe-US startup valuation gap and access to US markets.
$140M VC Fund: Innovative companies leading into the Artificial Intelligence Economy (AI infrastructure, AI-native software, AI frontier tech).
$24M (First Close), $47M (Target) VC Fund: Supporting and investing in startups emerging from the Ecole Polytechnique's innovation and entrepreneurship ecosystem.
$100M VC Fund: Providing growth debt facilities for recurring-revenue software businesses.
undisclosed VC Fund: Early-stage European companies in fintech and emerging financial inclusion technologies.
$950M VC Fund: Early-stage startups in AI-driven applications, cybersecurity, digital assets/fintech, physical AI/hardware, and entertainment/creative AI tools.
$150M VC Fund: Non-dilutive growth capital to companies in the sports, gaming and entertainment sectors.
$35M (First Close), $108M (Target) VC Fund: Early-stage global HealthTech startups from Seed to Series A/B to tackle global healthcare challenges.
$165M VC Fund: Backing the most ambitious technical founders in the world with $5-30M initial checks.
$32M VC Fund: Early investment in category-defining technical founders (often MIT) with a high conviction strategy.
$33M VC Fund: Early-stage B2B companies mostly across Spain and also MENA markets.
$60M (First Close), $150M (Target) VC Fund: Impact investment fund focused on accelerating solutions to treat, prevent, and ultimately cure type 1 diabetes (T1D).
$440M VC Fund: Backing companies advancing AI and other innovations to transform healthcare delivery for underserved communities in the U.S.
undisclosed VC Fund: Pre-seed and seed investments in Crypto and AI startups.
$116M VC Fund: Early-stage startups and breakthrough technologies in defence, security, and cybersecurity across Europe.
$15M VC Fund: Backing deep tech founders building hardware solutions to the world’s most important problems.
$90M VC Fund: Seed through Series B funding for technologies that directly confront humanity’s most critical challenges (e.g., cancer, heart disease, national defense, responsible AI).
In October 2025, we also counted 26 new private equity fund closings totaling $73.25 billion
6B PE Fund: Focused on industries like manufacturing, supply chain onshoring, defense tech and cybersecurity.
1.2B PE Fund: Invests in majority stakes of growing medium-sized Mittelstand hidden champions with sustainable business models in DACH, Northern Italy, and beyond.
325M PE Fund: Investing in multi-medicine development-stage biotechnology companies.
470M PE Fund: Lower mid-market primary deals in technology, compliance, education, and healthcare.
14B PE Fund: Global Buyout approach across Consumer, Healthcare, Industrials, Technology with a strong focus on operative value creation.
20B PE Fund: Dedicated to the transition to clean energy (energy transition infrastructure) globally.
1.2B PE Fund: Focused on investing in software and technology-enabled services organizations.
1.36B PE Fund: Accelerates innovation and technology deployment in the energy sector, focusing on reliability, affordability, and resiliency (often related to AI infrastructure).
1.1B PE Fund: Provides flexible capital solutions to middle market companies in business, consumer, financial/insurance, healthcare, industrial, and software services.
2.9B PE Fund: Focused on healthcare (strategy of driving value in healthcare businesses).
565M PE Fund: Focused on market-innovative and customer-centric energy transition infrastructure in the lower mid-market.
4.5B PE Fund: Specializes in acquiring mature private equity fund stakes (secondaries fund).
260M PE Fund: Focused on healthcare software and technology-enabled services companies.
500M PE Fund: Growth-oriented PE focused on building world-class companies in the consumer and business services sectors.
2.5B PE Fund: Focused on investing in services businesses and partnering with management teams to accelerate sustainable, organic growth through technology, innovation, and talent.
478M PE Fund: Sector-agnostic fund targeting investments in the Baltic countries, Poland, and broader EU, to build regional leaders.
4.6B PE Fund: Strategy of constructing diversified portfolios of equity co-investments alongside leading private equity and growth sponsors (small, mid, and large cap).
5.5B PE Fund: Focused on investing in high-quality core-plus infrastructure assets across North America (mid-market infrastructure strategies).
750M PE Fund: Middle market private equity in niche subsectors within healthcare and business services.
undisclosed PE Fund: Targets technical enablers of the digital landscape (datacenter operations, network/connectivity platforms, cloud infrastructure, and adjacent businesses) with up to €5M in EBITDA.
1.3B PE Fund (Two Funds): Expands its platform within the U.S. lower middle market.
1.25B PE Fund: Specializing in secondary market purchases and transactions (LP and GP-led) in North American small buyout strategies (LBO, growth, restructuring).
850M PE Fund (Two Funds): Lower middle market companies in the Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate industries.
45M PE Fund: Focused on multi-location and tech-enabled services businesses (e.g., building a tire & auto services platform).
300M PE Fund: Middle market buyout transactions in the manufacturing and value-added distribution sectors, focusing on complex special situations (carve-outs, consolidations).
1.3B PE Fund: Invests in private and public companies focused on developing disruptive medicines and healthcare solutions.
Did our fund tracker miss anyone in October 2025?
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.
