From 8VC to Benchmark, here’s what’s hiding in October SEC filings

October was a large period for task funds, per SEC filings. The filings amusement that established names are presently commanding apical dollar from LPs, particularly with a specialized focus. Here are immoderate of the astir notable ones we recovered that haven’t been meaningfully announced oregon person seen important updates.

For one, Trust Ventures filed Monday to raise a $400 cardinal Fund V. The Austin-based steadfast was founded successful 2017 by Salen Churi to backmost founders gathering successful highly regulated industries. Koch Disruptive Technologies notably backed the firm’s debut money backmost successful 2018. It antecedently sought to rise a $225 cardinal Fund IV successful 2023, though it’s unclear if oregon erstwhile that money closed. Deep tech money Interlagos Capital is besides raising a $400 cardinal Fund II. 

Elsewhere, Victor Lazarte and Kris Fredrickson, 2 erstwhile Benchmark VCs, person raised $1.252 billion for their debut AI money called Diffusion ONE. Forbes previously reported back successful May that the 2 had teamed up (after raising smaller funds of their own) to motorboat this money with a people of $800 million, meaning it’s acold surpassed that archetypal target. The steadfast has already chopped large checks since its debut, including co-leading Harvey’s $550 cardinal Series H with Lightspeed Ventures and taking portion successful Etched’s $300 cardinal Series C, announced successful July. 

Speaking of Benchmark, the steadfast filed what looks similar 4 caller partner-only funds, called Benchmark Partners Founders’ Fund T1, Benchmark Partners Founders’ Fund 2, Benchmark Partners Founders’ Fund 2-A, and Benchmark Partners Founders’ Fund T1-A, seeking to rise $220 million, $132 million, $4.5 million, and $7.5 million, respectively. Jack Altman, who precocious near his ain steadfast to articulation Benchmark, is listed successful each filing. 

Meanwhile, Joe Lonsdale’s 8VC besides seems to beryllium seeking to rise caller vehicles — including a $400 cardinal fund called 8VC DSS III; a $30.35 cardinal fund called 8VC COSC; a $20.35 cardinal 8VC BRSC fund; and a money called 8VC AI Fund XI, which has already raised $13.5 million, including from 8VC itself. This follows the July quality that 8VC raised $1.5 billion for Fund VII.

Earlier this month, Notable Capital, backers of companies similar Anthropic, Airbnb, and Square, filed to rise a 5th fund, portion Neil Mehta’s Greenoaks, which co-led Anthropic’s $65 cardinal Series H, filed to rise a money called Greenoaks 7. The timing is bully arsenic Anthropic just took different large step successful its efforts to spell public, meaning the firms are already prepared to marketplace themselves based connected imaginable handsome returns. According to PitchBook, Greenoaks has besides backed companies similar Ramp and Anthropic.

Industry Ventures, meanwhile, has raised astatine slightest $1.7 billion for its secondaries fund, which opened successful precocious July. The size of the conveyance shows how important that marketplace has become, arsenic appetite grows to bargain into blistery exiting backstage companies. One household bureau advisor told TechCrunch past period astir how fashionable the secondaries marketplace has become, portion Emily Zheng, a elder VC expert astatine PitchBook, said that stakes successful Anthropic and OpenAI are immoderate of the “most contested existent property successful venture.”