
As the year is close to wrapping up, emerging venture managers have closed on larger amounts. In the last two weeks, fundraisers pulled in their second highest pool since early August.
A total of eleven fund managers raised $642.2 million from Oct. 23 through Nov. 5, according to research from Venture Capital Journal. That’s up from the previous two-week fundraising period, in which nine managers raised $642.2 million.
Year to date, new venture managers have raised a combined $19.2 billion, according to VCJ. No comparable data is available for previous years.
The leading firm for the previous two-week period was Santa Monica, California -based M13, which closed its sophomore fund at $168.4 million. The fund was raised from 217 investors, according to a regulatory filing.
The firm, which takes its name from Messier 13, a star cluster in the northern sky, considers itself a launchpad for early-stage investing within the consumer tech industry.
Not far behind was Moonrise Capital, which is raising its second fund. The Greenwich, Connecticut-based firm closed in on more than $166 million of a targeted $200 million. The amount was raised from 34 investors, according to a filing.
Drive Capital was the third largest fundraiser, adding an additional $76.3 million across two funds. Its third flagship added $42.8 million to close on $350 million while its maiden overdrive fund raised another $33.5 million to close on $284.4 million of a targeted $400 million.
Below is a complete list of the 11 venture fundraisers for the two weeks ended on Nov. 5:
Amity Ventures
- Fund name: Amity Opportunity
- Focus: Category-defining businesses.
- Amount raised: $26.9 million
- Target: $50 million
- Location: San Francisco
- Phone: +1 651-210-0003
- Filing: https://bit.ly/2QiN2zj
Cyber Mentor Fund
- Fund name: Cyber Mentor Fund I
- Focus: Seed-stage cybersecurity.
- Amount raised: $12 million
- Target: N/A
- Location: Burlingame, Calif.
- Phone: +1 650-219-8825
- Filing: https://bit.ly/3790jjI
Day One Ventures
- Fund name: Day One Ventures Fund I
- Focus: Leading communications for its portfolio companies.
- Amount raised: $5.7 million
- Target: N/A
- Location: San Francisco
- Phone: +1 347-614-8468
- Filing: https://bit.ly/2qRcH7r
Drive Capital
- Fund names: Drive Capital Fund III; Drive Capital Fund III (TE); Drive Capital Overdrive Fund I; Drive Capital Overdrive Fund I (TE)
- Focus: Entrepreneurs in the Midwest.
- Amount raised: $42.8 million; $33.5 million
- Target: $350 million; $400 million
- Location: Columbus, Ohio
- Phone: +1 614-257-8243
- Filings: https://bit.ly/2NPPdbJ; https://bit.ly/32P6VAs; https://bit.ly/33OZBWQ; https://bit.ly/37cs4YH
HealthQuest Capital
- Fund name: HealthQuest Ajax III SPV
- Focus: Healthcare companies within medical devices and technologies, diagnostics, research tools, digital health, healthcare IT and innovative services.
- Amount raised: $40.2 million
- Target: $40.2 million
- Location: West Lake Hills, Texas
- Phone: +1 650-486-0810
- Filing: https://bit.ly/2NQAzkD
InCube Ventures
- Fund name: InCube Ventures III
- Focus: Life sciences companies.
- Amount raised: $55.3 million
- Target: N/A
- Location: San Jose, Calif,
- Phone: +1 408-457-3700
- Filing: https://bit.ly/2KrVF6N
M13
- Fund name: M13 Ventures II
- Focus: Consumer tech.
- Amount raised: $168.4 million
- Target: $168.4 million
- Location: Santa Monica, Calif.
- Phone: +1 424-279-4361
- Filing: https://bit.ly/2CKcYf6
Moonrise Capital
- Fund name: Moonrise Venture Partners II LP
- Focus: Global venture capital opportunities in tech.
- Amount raised: $166.1 million
- Target: $200 million
- Location: Greenwich, Conn.
- Phone: +1 203-722-7336
- Filing: https://bit.ly/2Xfkmso
Sababa Ventures
- Fund name: Sababa Ventures I
- Focus: Israeli tech companies in media, entertainment, sports and commerce.
- Amount raised: $7.1 million
- Target: $35 million
- Location: New York City
- Phone: +1 845-304-1836
- Filing: https://bit.ly/2XflImY
Vodia Ventures
- Fund name: Vodia Ventures Fund II, LP
- Focus: Early-stage capital for emerging social impact technologies.
- Amount raised: $4.7 million
- Target: $20 million
- Location: Lincoln, Mass.
- Phone: +1 978-318-0900
- Filing: https://bit.ly/2XgRyja
Winnow Fund
- Fund name: Winnow Fund I
- Focus: Wisconsin-based startups.
- Amount raised: $3.3 million
- Target: $10 million
- Location: Madison, Wisc.
- Phone: +1 608-313-4558
- Filing: https://bit.ly/378629B
Download a spreadsheet with information about all of the funds:Emerging VC Roundup.