Research
Size your fund and time your raise with the market’s own numbers, read from the filings.
- Benchmark your raise. What first, second, and third funds raise, from how many investors, and how long it takes.
- See who filed this week. New venture funds and startup raises from Form D, every business day.
- Value private companies. What mutual funds mark them at, quarter by quarter, each point linked to its filing.
644 new Funds I, II, and III began raising in 2025
The numbers
| Year | Fund I | Fund II | Fund III |
|---|---|---|---|
| 2017 | 211 | 74 | 32 |
| 2018 | 265 | 99 | 45 |
| 2019 | 291 | 108 | 70 |
| 2020 | 353 | 147 | 40 |
| 2021 | 729 | 256 | 127 |
| 2022 | 508 | 209 | 128 |
| 2023 | 390 | 112 | 77 |
| 2024 | 362 | 114 | 72 |
| 2025 | 405 | 165 | 74 |
| 2026 | 334 | 78 | 42 |
- Form D · since 2009 · backtestedWhat happens after a raiseHow often a Fund I is followed by a next fund (20% within four years), and a startup raises again or goes public.
- Form D · since 2008Raise benchmarksWhat first, second, and third funds raise, from how many investors, and how long it takes.
- Form D · every business dayDaily Form D reportNew venture funds, startup raises, and SPVs as they file, with RSS and a weekly email.
- Form D · by metroVenture Ecosystem IndexUS metros and states ranked by their startup raises and the new venture funds they start.
- Form D, Reg CF, Reg A+CompaniesEvery company and fund raising private capital, with its filings and reported financials.
- Form D · last two yearsNewly formed companiesCompanies incorporated recently that just reported a raise, with funds screened out.
- Form D · week by weekStartup raisesWho is raising by industry and state, first-time raisers, and the companies raising more.
- Fund filings · quarterlyPrivate company marksWhat mutual funds say private companies are worth, each mark linked to its filing.
- Program sites · sourcedAccelerators and startup programsTerms, credits and perks, length, eligibility, and alumni for each program, by stage and sector.
- ClinicalTrials.gov and FDAHealth and scienceClinical trial results, FDA clearances, recalls, and warning letters, matched to companies.
How every figure is read, how old each source is, and how to correct a listing: Methodology. Looking for who backs whom? Start with the LP Directory or the Venture Capital Fund Index.