October proved to be a significant month for venture capital fundraising, with established firms commanding substantial capital from limited partners. Trust Ventures filed to raise Fund V targeting $400 million, continuing its focus on highly regulated industries since its 2017 founding by Salen Churi. Meanwhile, Interlagos Capital seeks another $400 million for its Deep tech Fund II.
Former Benchmark VCs Victor Lazarte and Kris Fredrickson raised $1.252 billion for their debut AI fund, Diffusion ONE, surpassing their original $800 million target. The fund has already made notable investments including co-leading Harvey's $550 million Series H. Benchmark filed four new partner-only Founders' Funds seeking a total of $364 million, with Jack Altman listed across all filings.
8VC appears to be raising multiple new vehicles, including 8VC DSS III ($400 million), 8VC COSC ($30.35 million), and 8VC BRSC ($20.35 million), following their July $1.5 billion Fund VII close. Notable Capital filed for a fifth fund, while Greenoaks, co-lead backer of Anthropic's $65 billion Series H, sought Greenoaks 7.
Industry Ventures raised at least $1.7 billion for its secondaries fund in late July, highlighting the growing appetite for stakes in hot exiting private companies like Anthropic and Open AI.
Source: TechCrunch Venture · Summarized by HeadlinesBriefing