VC Firms File to Raise Billions, Led by Diffusion ONE’s $1.252 Billion AI Fund
Updated
Updated · TechCrunch · Oct 27
VC Firms File to Raise Billions, Led by Diffusion ONE’s $1.252 Billion AI Fund
3 articles · Updated · TechCrunch · Oct 27
Summary
$1.252 billion has already been raised for Diffusion ONE, the debut AI fund from former Benchmark investors Victor Lazarte and Kris Fredrickson, far above its earlier $800 million target.
SEC filings also show a broad October fundraising wave: Trust Ventures and Interlagos Capital are each seeking $400 million, while Benchmark appears to be lining up four partner-only vehicles totaling about $364 million.
8VC is adding several new vehicles, including a $400 million DSS III fund and an AI Fund XI that has already brought in $13.5 million, after raising $1.5 billion for Fund VII in July.
Notable Capital and Greenoaks have also filed new funds as firms position to market potential gains from portfolio companies such as Anthropic, which recently advanced its IPO plans.
Industry Ventures has meanwhile raised at least $1.7 billion for a secondaries fund, underscoring surging demand for stakes in sought-after private companies including Anthropic and OpenAI.