Firms that are past due for a new fund
Every firm here has raised at least three times, so it has a rhythm of its own. Each one's last fund closed longer ago than its own typical gap between funds. That is a fact about filing history, not a prediction — but it is where a raise usually starts, and it is months before anything is announced.
Past their own gap
120
of 625 firms with a measurable rhythm
Median, past due by
15 mo
beyond their usual gap
Have raised $1B+
24
across their history
Raised before now
$126.88B
by these 120 firms combined
| # | Firm | Raises | Every | Most recent fund | Closed | Past due by | Raised to date |
|---|---|---|---|---|---|---|---|
| 1 | Founders Fund | 7 | 26 mo | Founders Fund IX | April 2023 | +17 mo | $22.90B |
| 2 | General Catalyst | 3 | 22 mo | General Catalyst Group XII - Endurance | November 2023 | +14 mo | $20.09B |
| 3 | GGV Capital | 4 | 35 mo | GGV Capital IX | February 2023 | +10 mo | $9.37B |
| 4 | Matrix Partners | 7 | 24 mo | Matrix Partners China VII-A | October 2023 | +13 mo | $8.84B |
| 5 | Meritech Capital Partners | 5 | 34 mo | Meritech Capital Operators VIII | October 2022 | +15 mo | $4.00B |
| 6 | Versant Venture Capital | 3 | 27 mo | Versant Voyageurs III | October 2022 | +22 mo | $3.53B |
| 7 | Atlas Venture | 5 | 17 mo | Atlas Venture Fund XIV | December 2024 | +6 mo | $3.15B |
| 8 | Valar | 3 | 25 mo | Valar Fund IX | June 2023 | +16 mo | $3.09B |
| 9 | Kaszek Ventures | 6 | 27 mo | Kaszek Ventures Opportunity III | March 2023 | +17 mo | $2.97B |
| 10 | Foundry Venture Capital | 4 | 34 mo | Foundry 2022 | March 2022 | +22 mo | $2.89B |
| 11 | Scale Venture Partners | 4 | 29 mo | Scale Venture Partners VIII | September 2022 | +21 mo | $2.79B |
| 12 | Section | 3 | 25 mo | Section Ventures II | March 2023 | +19 mo | $1.98B |
| 13 | Legacy Venture | 5 | 28 mo | Legacy Venture XI | June 2022 | +25 mo | $1.80B |
| 14 | Revolution | 3 | 56 mo | REVOLUTION GROWTH IV | November 2020 | +16 mo | $1.70B |
| 15 | HealthQuest Partners | 3 | 37 mo | HealthQuest Partners IV | March 2022 | +19 mo | $1.59B |
| 16 | Northern Light | 3 | 55 mo | Northern Light Associates Fund VI | April 2021 | +12 mo | $1.50B |
| 17 | RA Capital Nexus | 4 | 15 mo | RA Capital Nexus Fund IV | April 2025 | +4 mo | $1.47B |
| 18 | SAIF Partners | 3 | 57 mo | SAIF Partners India VII | October 2020 | +16 mo | $1.45B |
| 19 | Joy Capital | 3 | 42 mo | Joy Capital IV | June 2022 | +11 mo | $1.34B |
| 20 | Westlake BioPartners | 3 | 29 mo | Westlake BioPartners Fund III | June 2023 | +12 mo | $1.32B |
| 21 | RRE Ventures | 3 | 59 mo | RRE Ventures VIII | May 2021 | +7 mo | $1.20B |
| 22 | Pelion | 6 | 21 mo | Pelion Ventures VIII-C | April 2024 | +10 mo | $1.16B |
| 23 | Vertex Ventures | 3 | 40 mo | Vertex Ventures US Fund III | July 2021 | +24 mo | $1.03B |
| 24 | TLV Partners | 4 | 31 mo | TLV Partners V | July 2023 | +9 mo | $1.03B |
| 25 | Sierra Ventures | 4 | 43 mo | Sierra Ventures XIII | July 2022 | +9 mo | $791M |
| 26 | M33 | 3 | 31 mo | M33 Growth III | December 2022 | +16 mo | $780M |
| 27 | Yun Qi Partners | 3 | 27 mo | Yun Qi Partners IV | October 2022 | +22 mo | $765M |
| 28 | Glynn Partners | 5 | 31 mo | Glynn Partners VI | April 2022 | +24 mo | $741M |
| 29 | Rembrandt Partners | 3 | 28 mo | RVP IV | March 2022 | +28 mo | $724M |
| 30 | HLM Venture Partners | 3 | 58 mo | HLM Venture Partners V | May 2019 | +32 mo | $705M |
| 31 | Xiang He | 3 | 37 mo | Xiang He Fund III | June 2022 | +16 mo | $675M |
| 32 | Safar Partners | 3 | 27 mo | Safar Partners Fund III | December 2023 | +8 mo | $658M |
| 33 | 3L Capital | 3 | 31 mo | 3L Opportunities II-M | December 2023 | +4 mo | $632M |
| 34 | Maveron | 3 | 33 mo | Maveron Equity Partners VIII | November 2021 | +27 mo | $622M |
| 35 | Lead Edge Capital | 3 | 41 mo | Lead Edge Capital VI | February 2022 | +16 mo | $620M |
| 36 | Bullpen Capital | 4 | 24 mo | Bullpen Capital VI-A | November 2022 | +24 mo | $614M |
| 37 | WAVE | 5 | 20 mo | WAVE Opportunity Fund I | September 2024 | +6 mo | $612M |
| 38 | RiverVest Venture | 3 | 39 mo | RiverVest Venture Fund V | October 2020 | +34 mo | $579M |
| 39 | Spur Ventures | 5 | 37 mo | Spur Ventures Annex II | February 2022 | +20 mo | $572M |
| 40 | Origin Ventures | 4 | 37 mo | Origin Ventures VI | March 2023 | +7 mo | $554M |
| 41 | 645 Ventures | 4 | 34 mo | 645 Ventures IV | July 2022 | +18 mo | $537M |
| 42 | Founders Circle Capital | 4 | 27 mo | FOUNDERS CIRCLE CAPITAL IV AFFILIATES FUND | February 2023 | +18 mo | $519M |
| 43 | Vision Plus Capital | 3 | 31 mo | Vision Plus Capital Fund IV | September 2022 | +19 mo | $518M |
| 44 | WiL Fund | 3 | 44 mo | WiL Ventures III | May 2021 | +22 mo | $479M |
| 45 | Hatteras Venture Partners | 4 | 44 mo | Hatteras Opportunity Fund I | February 2022 | +13 mo | $463M |
| 46 | Voyager Capital | 3 | 32 mo | Voyager Capital Fund VI | September 2023 | +6 mo | $455M |
| 47 | LiveOak Venture Partners | 3 | 53 mo | LiveOak Venture Partners III | October 2021 | +8 mo | $440M |
| 48 | WI Harper | 4 | 48 mo | WI Harper Fund IX | November 2020 | +24 mo | $434M |
| 49 | Clocktower Technologies | 3 | 39 mo | Clocktower Technologies III | December 2021 | +20 mo | $434M |
| 50 | HealthCap | 3 | 50 mo | HealthCap VIII | August 2019 | +37 mo | $409M |
| 51 | Cota | 4 | 14 mo | Cota Opportunities XII | June 2025 | +3 mo | $363M |
| 52 | Ulu Ventures | 3 | 39 mo | Ulu Ventures Fund IV | May 2023 | +3 mo | $363M |
| 53 | Sorenson Ventures | 5 | 17 mo | Sorenson Ventures III-A | November 2024 | +7 mo | $358M |
| 54 | Powerplant Ventures | 3 | 36 mo | Powerplant Ventures III | June 2021 | +29 mo | $311M |
| 55 | Allos | 3 | 46 mo | Allos IV-Q | February 2022 | +11 mo | $299M |
| 56 | Next Frontier Venture | 3 | 45 mo | Next Frontier Venture Fund IV E | October 2022 | +4 mo | $295M |
| 57 | Polychain Ventures | 4 | 23 mo | Polychain Ventures IV | May 2023 | +19 mo | $289M |
| 58 | Sequoia Capital China Growth Partners | 4 | 26 mo | Sequoia Capital China Growth Partners Fund VII | November 2022 | +22 mo | $288M |
| 59 | Chicago Ventures | 4 | 35 mo | Chicago Ventures Fund IV | February 2022 | +22 mo | $271M |
| 60 | XFund | 3 | 46 mo | XFund Opportunities 1 | May 2022 | +8 mo | $270M |
| 61 | Highbar Partners | 3 | 50 mo | HIGHBAR PARTNERS III OPPORTUNITY FUND | January 2021 | +20 mo | $266M |
| 62 | Commerce Ventures | 4 | 30 mo | Commerce Ventures V-A | August 2023 | +9 mo | $255M |
| 63 | Four Rivers Partners | 4 | 50 mo | FOUR RIVERS PARTNERS V | July 2021 | +14 mo | $253M |
| 64 | Abingworth Bioventures | 3 | 47 mo | Abingworth Bioventures 8 | May 2020 | +31 mo | $248M |
| 65 | Impact | 3 | 47 mo | Impact America Fund III | August 2022 | +4 mo | $240M |
| 66 | Maniv Mobility Special Opportunities, L.P | 3 | 35 mo | Maniv Mobility III | June 2022 | +18 mo | $233M |
| 67 | CMT Digital Ventures | 3 | 21 mo | CMT Digital Ventures Fund IV | October 2024 | +4 mo | $232M |
| 68 | MaC Venture Capital | 3 | 28 mo | MaC Venture Capital III | February 2024 | +5 mo | $220M |
| 69 | Precursor Ventures | 5 | 24 mo | Precursor Ventures V | August 2023 | +15 mo | $209M |
| 70 | 83North | 4 | 19 mo | 83North VII-X Limited Partnership | November 2024 | +5 mo | $208M |
| 71 | Cendana Investments | 3 | 44 mo | Cendana Investments III | March 2021 | +24 mo | $205M |
| 72 | Stage 2 Capital | 4 | 25 mo | Stage 2 Capital Fund IV-A | July 2024 | +3 mo | $199M |
| 73 | Venture City | 3 | 32 mo | Venture City Opportunity Fund | October 2022 | +17 mo | $190M |
| 74 | Moderne Ventures Core | 3 | 21 mo | Moderne Ventures Core Fund III-A | October 2023 | +16 mo | $183M |
| 75 | Claritas | 5 | 29 mo | Claritas Opportunity Fund VIII QP | January 2023 | +17 mo | $176M |
| 76 | Boston Seed Capital | 3 | 21 mo | Boston Seed Capital Fund V | April 2024 | +10 mo | $175M |
| 77 | Raine Venture Partners | 3 | 51 mo | Raine Venture Partners III | February 2022 | +6 mo | $163M |
| 78 | Acorn Pacific Ventures | 3 | 39 mo | Acorn Pacific Ventures Fund II | October 2021 | +22 mo | $159M |
| 79 | Bowery Capital | 3 | 46 mo | Bowery Capital III | January 2021 | +24 mo | $153M |
| 80 | Phoenix Venture Partners | 3 | 53 mo | Phoenix Venture Partners III | June 2019 | +36 mo | $153M |
| 81 | Builders | 4 | 25 mo | GP Builders Fund II | June 2024 | +4 mo | $146M |
| 82 | Wavemaker Pacific | 3 | 28 mo | Wavemaker Pacific 5 | December 2023 | +7 mo | $130M |
| 83 | Relay Investments | 3 | 44 mo | Relay Investments III | July 2021 | +20 mo | $123M |
| 84 | Montage Ventures | 3 | 48 mo | Montage Ventures Fund III | May 2021 | +18 mo | $118M |
| 85 | ShangBay Capital | 3 | 34 mo | ShangBay Capital Opportunity | December 2021 | +25 mo | $113M |
| 86 | Klingenstein Fields Venture | 3 | 28 mo | Klingenstein Fields Venture Fund III | August 2022 | +23 mo | $110M |
| 87 | Golden Venture Partners | 4 | 21 mo | Golden Venture Partners Fund V | December 2023 | +14 mo | $101M |
| 88 | KCRise Fund | 3 | 37 mo | KCRise Fund III | November 2022 | +11 mo | $96M |
| 89 | FusionX Ventures | 3 | 31 mo | FusionX Ventures Opportunity Fund | September 2021 | +31 mo | $93M |
| 90 | BBG Ventures | 4 | 20 mo | BBG Ventures IV-I | October 2024 | +5 mo | $89M |
| 91 | Intudo | 3 | 29 mo | Intudo Ventures IV | September 2023 | +9 mo | $81M |
| 92 | CincyTech Fund | 3 | 38 mo | CincyTech Fund VI | June 2022 | +15 mo | $76M |
| 93 | Valuestream Ventures | 3 | 34 mo | VALUESTREAM VENTURES 2023 FUND | May 2023 | +8 mo | $75M |
| 94 | Bee Partners | 3 | 38 mo | BEE PARTNERS IV | November 2021 | +22 mo | $75M |
| 95 | Egateway Capital Partners | 4 | 12 mo | eGateway Capital II-13 | June 2025 | +5 mo | $71M |
| 96 | Hivemind Futureplay | 3 | 16 mo | Hivemind Futureplay III | December 2024 | +7 mo | $70M |
| 97 | LifeSci Venture Partners | 3 | 32 mo | LifeSci Venture Partners III | July 2022 | +20 mo | $66M |
| 98 | Mission Bay Capital | 3 | 53 mo | Mission Bay Capital III | July 2018 | +47 mo | $57M |
| 99 | Equinox Venture Capital | 5 | 41 mo | Equinox Venture Capital Fund VII | July 2021 | +23 mo | $50M |
| 100 | Third Lake VC | 3 | 19 mo | Third Lake VC Fund IV | March 2024 | +13 mo | $45M |
| 101 | Fannin PI | 3 | 27 mo | Fannin PI Holdings VII | December 2023 | +8 mo | $44M |
| 102 | gener8tor Fund | 3 | 36 mo | gener8tor Fund VIII | February 2022 | +21 mo | $38M |
| 103 | Royal Street Ventures | 3 | 35 mo | Royal Street Ventures Seed Fund IV | March 2022 | +21 mo | $32M |
| 104 | Fontes | 3 | 19 mo | Fontes III | June 2024 | +10 mo | $30M |
| 105 | Cherubic Ventures | 5 | 26 mo | Cherubic Ventures Fund VI | January 2024 | +8 mo | $28M |
| 106 | NCTI | 3 | 56 mo | NCTI IV | October 2017 | +53 mo | $25M |
| 107 | Trail Mix Ventures | 3 | 37 mo | Trail Mix Ventures Fund III | March 2023 | +7 mo | $19M |
| 108 | Mesa Verde Venture Partners | 3 | 45 mo | Mesa Verde Venture Partners IV | February 2022 | +12 mo | $19M |
| 109 | Eagle Venture | 3 | 21 mo | Eagle Venture Fund IV | March 2024 | +11 mo | $18M |
| 110 | Task Force | 3 | 38 mo | TASK FORCE X FUND III | June 2022 | +15 mo | $16M |
| 111 | VentureSouth Angel | 5 | 21 mo | VentureSouth Angel Fund VI | January 2024 | +13 mo | $13M |
| 112 | Beyond Capital Ventures | 3 | 19 mo | Beyond Capital Ventures Fund III | August 2024 | +8 mo | $12M |
| 113 | Velocitas | 3 | 37 mo | Velocitas III | May 2023 | +5 mo | $11M |
| 114 | Atypical Ventures | 3 | 22 mo | Atypical Ventures Fund II | April 2023 | +21 mo | $10M |
| 115 | Yu Star | 3 | 21 mo | Yu Star Fund III | January 2024 | +13 mo | $10M |
| 116 | Dot Capital | 5 | 19 mo | Dot Capital 8 | December 2023 | +16 mo | $10M |
| 117 | Satwik Mezzanine | 3 | 42 mo | SATWIK MEZZANINE FUND IV | April 2021 | +25 mo | $9M |
| 118 | ZORA Investments | 4 | 27 mo | ZORA Investments V | September 2023 | +11 mo | $7M |
| 119 | Pan Investments Series | 3 | 30 mo | PAN Investments Series STM-3 | January 2024 | +4 mo | $6M |
| 120 | Sequoia Capital China Venture Partners | 4 | 26 mo | Sequoia Capital China Venture Partners Fund IX | November 2022 | +22 mo | not stated |
No firm matches that.
How to read this. A “raise” is one fundraising cycle — a fund and the vehicles that close alongside it, counted once. “Every” is the middle gap between a firm's consecutive raises. “Past due by” is how far beyond that gap the firm now is; a firm fewer than three months past its gap is not listed, because that is within the normal variation of a raise.
Single-deal vehicles and feeders are excluded, which is why the raise count here is lower than the number of filings a firm has made. A firm with fewer than three raises, or one that files continuously enough that no rhythm can be measured, is not listed at all.
What this is not. It is not a claim that any firm is raising, struggling, or winding down. A firm can deploy from an evergreen structure for years without filing again.