Slideshow: 15 Largest U.S.-based Venture Funds Raised in Q3

Photo by Denis Opalja/Shutterstock

Q3 certainly wasn’t a pretty quarter for venture fundraising. In fact, it was downright ugly, with just $1.72 billion raised by 52 U.S.-based venture funds, the smallest amount raised since Q3 2003, according to the National Venture Capital Association and Thomson Reuters (publisher of peHUB).

In contrast, 49 U.S.-based VC funds raised nearly $2.9 billion in the second quarter, and 46 U.S.-based venture funds raised $7.6 billion in the first quarter. (Details from the NVCA are here.)

(Subscribers to Venture Capital Journal can see a complete list of all 52 funds raised in Q3 here at the VCJ website.)

Given the hostile environment in the third quarter, any fund that managed to raise capital in Q3 deserves a pat on the back. Following is a slideshow of the 15 largest U.S.-based funds raised in the third quarter.

(Photo by Denis Opalja/Shutterstock)

[slideshow]

[slide title="No. 15: Storm Ventures Fund IV, L.P."]

STORM VENTURES LLC

Fund Name: Storm Ventures Fund IV, L.P.

Amount Raised in Q3 $M: $56.40

Amount Raised to Date $M: $56.40

Fund Size Target $M: n/a

Fund Stage: Early Stage

State: California

[slide title="No. 14: Cross Creek Capital Partners II, L.P."]

CROSS CREEK CAPITAL

Fund Name: Cross Creek Capital Partners II, L.P.

Amount Raised in Q3 $M: $59.48

Amount Raised to Date $M: $59.48

Fund Size Target $M: $75.00

Fund Stage: Later Stage

State: Utah

[slide title="No. 13: GGV Capital IV, L.P."]

GGV CAPITAL

Fund Name: GGV Capital IV, L.P.

Amount Raised in Q3 $M: $60.00

Amount Raised to Date $M: $60.00

Fund Size Target $M: $60.00

Fund Stage: Later Stage

State: California

[slide title="No. 12: Artiman Ventures Special Opportunities Fund, L.P."]

ARTIMAN VENTURES

Fund Name: Artiman Ventures Special Opportunities Fund, L.P.

Amount Raised in Q3 $M: $65.06

Amount Raised to Date $M: $65.06

Fund Size Target $M: n/a

Fund Stage: Early Stage

State: California

[slide title="No. 11: Kepha Partners II, L.P."]

KEPHA PARTNERS

Fund name: Kepha Partners II, L.P.

Amount Raised in Q3 $M: $73.70

Amount Raised to Date $M: $73.70

Fund Size Target $M: $100.00

Fund Stage: Early Stage

State: Massachusetts

[slide title="No. 10: Hatteras Venture Partners IV, L.P."]

HATTERAS VENTURE PARTNERS

Fund name: Hatteras Venture Partners IV, L.P.

Amount Raised in Q3 $M: $73.88

Amount Raised to Date $M: $73.88

Fund Size Target $M: $125.00

Fund Stage: Seed Stage

State: North Carolina

[slide title="No. 9: Frontier Fund III, L.P."]

FRONTIER CAPITAL

Fund name: Frontier Fund III, L.P.

Amount Raised in Q3 $M: $35.70

Amount Raised to Date $M: $80.70

Fund Size Target $M: $200.00

Fund Stage: Later Stage

State: North Carolina

[slide title="No. 8: Level Equity Growth Partners I, L.P."]

LEVEL EQUITY

Fund name: Level Equity Growth Partners I, L.P.

Amount Raised in Q3 $M: $9.94

Amount Raised to Date $M: $130.00

Fund Size Target $M: $130.00

Fund Stage: Balanced Stage

State: New York

[slide title="No. 7: Sante Health Ventures II, L.P."]

SANTE VENTURES

Fund name: Sante Health Ventures II, L.P.

Amount Raised in Q3 $M: $42.29

Amount Raised to Date $M: $133.89

Fund Size Target $M: $150.00

Fund Stage: Early Stage

State: Texas

[slide title="No. 6: RRE Ventures V, L.P."]

RRE VENTURES

Fund name: RRE Ventures V, L.P.

Amount Raised in Q3 $M: $137.40

Amount Raised to Date $M: $137.40

Fund Size Target $M: $250.00

Fund Stage: Balanced Stage

State: New York

[slide title="No. 5: Arboretum Ventures III, L.P."]

ARBORETUM VENTURES

Fund name: Arboretum Ventures III, L.P.

Amount Raised in Q3 $M: $69.80

Amount Raised to Date $M: $140.00

Fund Size Target $M: $125.00

Fund Stage: Early Stage

State: Michigan

[slide title="No. 4: DBL Equity Fund - BAEF II, L.P."]

DBL INVESTORS

Fund name: DBL Equity Fund – BAEF II, L.P.

Amount Raised in Q3 $M: $10.80

Amount Raised to Date $M: $150.80

Fund Size Target $M: n/a

Fund Stage: Later Stage

State: California

[slide title="No. 3: Longitude Venture Partners II, L.P."]

LONGITUDE CAPITAL MANAGEMENT CO.

Fund name: Longitude Venture Partners II, L.P.

Amount Raised in Q3 $M: $159.39

Amount Raised to Date $M: $159.39

Fund Size Target $M: n/a

Fund Stage: Balanced Stage

State: California

[slide title="No. 2: Shasta Ventures III, L.P."]

SHASTA VENTURES MANAGEMENT

Fund name: Shasta Ventures III, L.P.

Amount Raised in Q3 $M: $265.00

Amount Raised to Date $M: $265.00

Fund Size Target $M: $265.00

Fund Stage: Early Stage

State: California

[slide title="No. 1: Raine Partners I, L.P."]

RAINE PARTNERS

Fund name: Raine Partners I, L.P.

Amount Raised in Q3 $M: $72.50

Amount Raised to Date $M: $408.65

Fund Size Target $M: $500.00

Fund Stage: Balanced Stage

State: New York

[/slideshow]

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