October SEC Filings Reveal New Venture Capital Funds from Trust Ventures, Diffusion ONE, and 8VC

Venture Capital Fundraising Activity

October SEC filings revealed significant fundraising efforts by various venture capital firms. These filings indicate that established firms and those with specialized focuses are successfully attracting capital from Limited Partners (LPs).

Among the notable filings, Trust Ventures, an Austin-based firm founded in 2017, is seeking to raise $400 million for its Fund V. The firm focuses on backing founders in highly regulated industries. This follows a previous attempt to raise a $225 million Fund IV in 2023.

Diffusion ONE Exceeds AI Fund Target

Victor Lazarte and Kris Fredrickson, former Benchmark VCs, have successfully raised $1.252 billion for their debut AI fund, Diffusion ONE. This amount significantly surpasses their initial target of $800 million.

Diffusion ONE has already made substantial investments, co-leading Harvey's $550 million Series H round and participating in Etched's $300 million Series C.

Benchmark and 8VC Launch New Vehicles

Benchmark filed for four new partner-only funds: Benchmark Partners Founders’ Fund T1 ($220 million), Benchmark Partners Founders’ Fund 2 ($132 million), Benchmark Partners Founders’ Fund 2-A ($4.5 million), and Benchmark Partners Founders’ Fund T1-A ($7.5 million). Jack Altman, a recent addition to Benchmark, is listed in these filings.

Joe Lonsdale’s 8VC is also raising new funds, including a $400 million fund called 8VC DSS III, a $30.35 million 8VC COSC fund, a $20.35 million 8VC BRSC fund, and an 8VC AI Fund XI, which has already secured $13.5 million, including from 8VC itself. This follows 8VC's $1.5 billion Fund VII raise in July.

Other Notable Filings

Earlier in October, Notable Capital, known for backing companies like Anthropic, Airbnb, and Square, filed to raise its fifth fund. Neil Mehta’s Greenoaks, which co-led Anthropic’s $65 billion Series H, also filed to raise Greenoaks 7. These filings coincide with Anthropic's progress toward a potential public offering.