Lawrence Aragon
The average fund size dropped to $115m in Q1 2024, its lowest point in about five years, according to new research from Venture Capital Journal.
Fund IV, which closed on $60m, listed a target of $100m in a regulatory filing when it began fundraising in June 2022.
Andreessen Horowitz has closed on $7.2bn for multiple funds, including $3.75bn for growth investments.
Lakestar's fourth early-stage fund, which was seeking €250m, closed on €280m, while its second growth vehicle closed on €320m after targeting €750m.
The fund's investors include SBI Holdings, Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank, Japan International Corporation Agency, Japan ICT Fund and SCM Capital.
Jobs-focused impact investor JFF Ventures has held a first close on $15m for its second fund, which is targeting $50m.
McDonald is joining the VC firm as an investor and Sargent is coming on board as an operating partner.
In just 12 months, Venture Capital Journal's list of climate-focused funds has grown to 44 funds that have raised a combined $9.5bn.
World Fund's debut vehicle closed on €300m, with backing from the European Investment Fund, KfW Capital and BPI France, among others.
As managing partner of Sonder Capital, Kate Garrett will spearhead the next phase of growth for the early-stage venture capital firm.