Venture Fund Form D Statistics: 289 New Funds in 8 Weeks, Median Size $28M
289 new US venture funds filed a first Form D notice in the 8 weeks to 6 Nov 2026, and the 196 that stated a size disclosed $13.1B between them. Across the 1,497 venture firms with a Form D filed since 1 Jul 2025, the median latest fund is $28M.
Key takeaways
- 289 new venture funds in 8 weeks, about 32 a week. 196 stated a size, $13.1B in total.
- Half of all latest funds fall between $10M and $82M. The median is $28M.
- 634 of 1,497 latest filings (42%) give the offering amount as "Indefinite", so no target size is public for them.
- 1,127 of the latest filings are new notices and 370 are amendments to an earlier notice.
- These figures cover venture funds only. They are not statistics for every Form D filed with the SEC.
How many new venture funds file a Form D each week?
Between 11 Sep 2026 and 6 Nov 2026, 289 funds filed a first notice. The table counts new notices only: amendments to older funds are left out. The first and last weeks may be part weeks.
| Week starting | New funds | Stated a size | Size disclosed | Median size |
|---|---|---|---|---|
| 2 Nov 2026 | 23 | 14 | $828M | $21M |
| 26 Oct 2026 | 28 | 14 | $1.5B | $33M |
| 19 Oct 2026 | 33 | 27 | $991M | $10M |
| 12 Oct 2026 | 35 | 29 | $2.8B | $53M |
| 5 Oct 2026 | 35 | 27 | $1.7B | $35M |
| 28 Sep 2026 | 49 | 30 | $1.7B | $17M |
| 21 Sep 2026 | 35 | 24 | $1.9B | $26M |
| 14 Sep 2026 | 43 | 24 | $1.0B | $14M |
| 7 Sep 2026 | 8 | 7 | $685M | $49M |
The full list of these funds, with the firm behind each one, is on New VC funds this week.
What is the median size of a venture fund on Form D?
$28M. That is the middle value of the latest fund for each of the 1,148 firms whose filing states a size. A quarter are under $10M and a quarter are over $82M.
| Latest fund size | Firms | Share |
|---|---|---|
| Under $10M | 239 | 21% |
| $10M to $25M | 266 | 23% |
| $25M to $50M | 180 | 16% |
| $50M to $100M | 191 | 17% |
| $100M to $250M | 164 | 14% |
| $250M to $1B | 101 | 9% |
| $1B and over | 7 | 1% |
How often is the offering amount "Indefinite"?
In 634 of 1,497 latest filings (42%). Form D lets a fund state a total offering amount or mark it indefinite. Where it is indefinite we use the amount sold so far, if any.
| Where the fund size comes from | Firms | Share |
|---|---|---|
| Total offering amount | 863 | 58% |
| Amount sold so far (offering indefinite) | 285 | 19% |
| No size: indefinite and nothing sold yet | 349 | 23% |
Are most filings new notices or amendments?
Taking the latest filing for each firm, 1,127 (75%) are new notices and 370 (25%) are amendments. A fund files a new notice within 15 days of its first sale and amends it each year while the offering stays open.
Do funds file before or after their first sale?
127 of the 289 new funds (44%) gave a date of first sale. The other 162 filed with the first sale still to come. 42 funds stated a minimum investment above zero, with a median of $50k.
Which states file the most new venture funds?
| State | New funds, last 8 weeks | Share |
|---|---|---|
| California | 108 | 37% |
| New York | 46 | 16% |
| Texas | 26 | 9% |
| Florida | 25 | 9% |
| Massachusetts | 12 | 4% |
| Maryland | 9 | 3% |
| New Jersey | 7 | 2% |
| Illinois | 6 | 2% |
| Colorado | 5 | 2% |
| Washington | 4 | 1% |
How many fund vehicles does one firm file in a year?
Most firms file one. The count below includes feeder funds, parallel funds and other vehicles of the same fund, so it is a count of filings, not of funds raised.
| Vehicles filed in the last 12 months | Firms |
|---|---|
| 0 | 214 |
| 1 | 919 |
| 2 | 215 |
| 3 | 68 |
| 4 | 23 |
| 5 or more | 58 |
Method and limits
- Source
- SEC EDGAR Form D and Form D/A filings by pooled investment funds described as venture capital funds.
- Scope
- 1,497 US venture firms with a filing between 1 Jul 2025 and 4 Nov 2026, and 289 new funds from 11 Sep 2026 to 6 Nov 2026.
- Left out
- Single-deal vehicles, platform series vehicles, real estate, credit and hedge funds, funds under $3 million and non-US issuers.
- Not held
- We do not hold the exemption claimed (506(b) or 506(c)) or the number of investors, so this page gives no figures for them.
- Limits
- Form D shows what a fund set out to raise or had sold when it filed. It is not a final close, and it never names the fund's investors.
- Refresh
- Weekly. Data as of November 2026.
Questions
How many new venture funds are filed each week?
About 32 a week on recent data: 289 new US venture funds filed a first Form D notice in the 8 weeks to 6 Nov 2026.
What is the median venture fund size on Form D?
$28M, across the latest fund of 1,148 firms that stated a size. The middle half runs from $10M to $82M.
What does "Indefinite" mean on a Form D?
The fund has not set a total offering amount. 42% of the latest venture fund filings we hold are marked that way.
Does Form D show who invested in a fund?
No. Form D names the issuer, its executive officers, directors and promoters. It gives the number of investors, but never their names.
Are these statistics for all Form D filings?
No. They cover venture capital funds only. Companies raising their own rounds, real estate funds, hedge funds and single-deal vehicles are outside this data.
Can I see the funds behind these numbers?
Yes. Every new fund from the last 8 weeks is listed free on the new funds page, with a link to its SEC filing.
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Or get the free sample file (100 investors) first.
Related
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Cite this page
Muhammad Tayyab Shabbir, "Venture Fund Form D Statistics: 289 New Funds in 8 Weeks, Median Size $28M", The Investor Database, 10 Nov 2026. https://theinvestordatabase.com/guides/form-d-filing-statistics/
The figures and tables on this page may be quoted or republished with a link to this page (CC BY 4.0). The contact data in the paid files is not covered.