BOND
Also known as Bond Capital
San Francisco, United States Founded 2018 bondcap.com San Francisco Bay Area ecosystem (#1 of 32)
BOND’s latest fund is BOND Fund II: $2B, 2021, #27 of 427 firms by latest fund.
The numbers
| Year | Raised |
|---|---|
| 2019 | $1.2B |
| 2021 | $2B |
Updates from BOND
Overview
A third fund appears to exist (aggregators cite about $5.75B across three funds), but no primary or press source for its size was found.
Funds
| Fund | Closed | Size | Source |
|---|---|---|---|
| BOND Fund II | 2021 | $2B | techcrunch.com |
| BOND Fund I | 2019 | $1.2B | techcrunch.com |
LPs on the record
2 LPs report holding BOND’s funds.
Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.
Track record
A score of 62 out of 100 from its one fund public LPs report, in the top half of its vintage. Its ranked funds’ median TVPI is 1.40x and median DPI 0.00x. Pooled where reports give cash flows: 1.36x TVPI, 0.00x DPI. That ranks it 32nd of 123 managers with a score.
Each fund once, as the latest of one LP’s reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.
Reported fund performance
As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.
| Fund | Vintage | Net IRR | Versus vintage (IRR) | TVPI | DPI | Reported by |
|---|---|---|---|---|---|---|
| BOND III | 2022 | 26.9% | Top quartile | 1.40x | 0.00x | CalPERS |
CalPERS: CalPERS Private Equity Program Fund Performance, as of December 31, 2025. Net IRR and investment multiple as reported by CalPERS. N/M (not meaningful) for funds in early years is shown as blank. View source
About this data
Fund sizes come from firm announcements, SEC filings, and press reports, converted to US dollars near the closing date. Compiled as of October 9, 2026. Notable portfolio companies are examples from public sources, not a complete list.