We last wrote about women-led venture capital funds just after the first half of 2024. At the time, women-led VC funds had raised roughly $1.44 billion, up from the $700 million they raised at the end of May, putting them on track to raise close to $3 billion by year-end, according to our exclusive research.
As of November 30, women-led VC funds have raised a total of $2.54 billion, according to our newly updated women-led VC funds list. Compared to the $3.25 billion they raised in 2022 and the $3.43 billion they raised in 2023, it seems women-led VC funds are feeling the fundraising slowdown seen across the venture industry to an even larger degree.
From Q1 to Q3 of this year, global venture fundraising totaled $82.7 billion, a roughly 13 percent drop from the same time period in 2023, according to Venture Capital Journal’s Q3 fundraising report. Women-led funds, even with an extra two months of fundraising, are currently down roughly 25 percent from the total they raised last year.
All hope is not lost, however, as a number of funds on our list have a history of submitting updated filings in December. It is too early to tell if enough capital will be raised in those filings to narrow the disparity between women-led VC funds and the industry as a whole.
Here are a few funds that may add to the 2024 total.
Magnetic Ventures. Founded by longtime healthcare executive and venture investor Christine Aylward in 2018, the firm last submitted a filing for its sophomore fund on December 29, 2023, with a total of $14.1 million raised toward its $100 million target. In 2018, Magnetic previously closed its debut fund, which launched with a target of $100 million, though it is unclear how much it raised. The healthcare-focused firm invests in the seed to Series A rounds of companies across software tools, artificial intelligence, machine learning, drug discovery, precision medicine and tech-enabled services.
Rubik Ventures. Based in New York and Hong Kong, Rubik launched its debut fund in December 2022 with a target of $20 million. It submitted a follow-up filing for Fund I in December 2023 showing no capital raised. Given that it has 20 companies listed in its Fund I portfolio, it seems reasonable to expect an updated fundraising filing this year. Rubik was founded by Nu Dao and Curtis Chang and is an early-stage investor focused on crypto and blockchain technology.
Vree Ventures. Founded in 2023 by former Fifth Third Bank and Trust investment executive Vanessa Indriolo, Vreeland launched its debut fund on December 22, 2023, with an undisclosed target. The mid-stage venture investor, based in Charlotte, North Carolina, focuses on B2B fintech and tech-enabled companies, with a preference for female founders.
While none of these firms are guaranteed to submit any updated filings before the end of the year, it would take just an additional $400 million to put women-led VC funds in line with the rest of the VC industry’s fundraising this year.
We will publish another update to our list in January with a full three years of fundraising data going back to January 1, 2022, as well as a breakdown of the more than 60 women-led funds that closed on some amount of new capital in 2024.
We last wrote about women-led venture capital funds just after the first half of 2024. At the time, women-led VC funds had raised roughly $1.44 billion, up from the $700 million they raised at the end of May, putting them on track to raise close to $3 billion by year-end, according to our exclusive research.
As of November 30, women-led VC funds have raised a total of $2.54 billion, according to our newly updated women-led VC funds list. Compared to the $3.25 billion they raised in 2022 and the $3.43 billion they raised in 2023, it seems women-led VC funds are feeling the fundraising slowdown seen across the venture industry to an even larger degree.
From Q1 to Q3 of this year, global venture fundraising totaled $82.7 billion, a roughly 13 percent drop from the same time period in 2023, according to Venture Capital Journal’s Q3 fundraising report. Women-led funds, even with an extra two months of fundraising, are currently down roughly 25 percent from the total they raised last year.
All hope is not lost, however, as a number of funds on our list have a history of submitting updated filings in December. It is too early to tell if enough capital will be raised in those filings to narrow the disparity between women-led VC funds and the industry as a whole.
Here are a few funds that may add to the 2024 total.
Magnetic Ventures. Founded by longtime healthcare executive and venture investor Christine Aylward in 2018, the firm last submitted a filing for its sophomore fund on December 29, 2023, with a total of $14.1 million raised toward its $100 million target. In 2018, Magnetic previously closed its debut fund, which launched with a target of $100 million, though it is unclear how much it raised. The healthcare-focused firm invests in the seed to Series A rounds of companies across software tools, artificial intelligence, machine learning, drug discovery, precision medicine and tech-enabled services.
Rubik Ventures. Based in New York and Hong Kong, Rubik launched its debut fund in December 2022 with a target of $20 million. It submitted a follow-up filing for Fund I in December 2023 showing no capital raised. Given that it has 20 companies listed in its Fund I portfolio, it seems reasonable to expect an updated fundraising filing this year. Rubik was founded by Nu Dao and Curtis Chang and is an early-stage investor focused on crypto and blockchain technology.
Vree Ventures. Founded in 2023 by former Fifth Third Bank and Trust investment executive Vanessa Indriolo, Vreeland launched its debut fund on December 22, 2023, with an undisclosed target. The mid-stage venture investor, based in Charlotte, North Carolina, focuses on B2B fintech and tech-enabled companies, with a preference for female founders.
While none of these firms are guaranteed to submit any updated filings before the end of the year, it would take just an additional $400 million to put women-led VC funds in line with the rest of the VC industry’s fundraising this year.
We will publish another update to our list in January with a full three years of fundraising data going back to January 1, 2022, as well as a breakdown of the more than 60 women-led funds that closed on some amount of new capital in 2024.
