Research Report

Looking behind the curtain: How VCs raise their early funds

Surveying nearly 50 firms, our data shows that the democratization of the VC world means fundraising has become a truly global endeavor. But despite access to worldwide networks of LPs, early-stage fundraising can still be a lengthy affair with varying rates of efficiency. See what you can take from our research and whether you agree.

  • Learn how you can raise more efficiently
  • Understand the importance of anchor LPs
  • Discover what to expect when raising your first fund, from how many limited partners to contact to how long it will take

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A few of our key findings

The average fund has 28 Limited Partners
How long?
Raising a first fund takes an average of 35 weeks.
How much?
On average anchor LPs take 25% of the first fund.