Lawrence Aragon

LPs in Emerald's first water fund included Ecolab, Goldman Environmental Foundation, Microsoft and Temasek.

The biggest winner in a Figma IPO would be Index Ventures, which holds 62.57m shares worth $1.75bn at $28 per share.

VCs need an average of 18 months to reach a final fund close, twice the number of months they needed in 2021.

Venture funds raised $41.6bn worldwide in the first half of this year, down from $60bn in H1 of last year, according to exclusive research by Venture Capital Journal.

Greenoaks Capital has reportedly closed on $2.5 billion for its sixth venture, beating its target of $2.25 billion.

Defying the decline in fundraising by the overall venture industry, the world’s 50 largest VC firms are raising record amounts of capital.

The world’s 50 largest venture capital fundraisers raised more than $204bn, up 9% from our previous ranking.

VCs and corporate backers own shares currently worth nearly $10bn for VC-backed companies that have gone public this year – minus the holdings for outliers Circle and CoreWeave, which are valued at $35bn.

The successful debuts of fintech Chime Financial and space tech company Voyager Technologies bring the total number of VC-backed IPOs this year to eight.

General Catalyst and IDG Capital were the biggest winners in Circle's IPO, with each holding 20.9m shares valued at $1.7bn at the closing price of $83.23.