Venture Capital Pitch Deck What VCs raised with to get capital to invest in startups

For every 1,000 startups there is 1 venture capitalist. We don’t see startup pitch decks often, so unsurprisingly, there are even fewer venture capital pitch decks around public. Yes, VCs have to raise money too from LPs (limited partners)!

It takes up to 2 years to raise a venture capital fund, so if you thought startup raising was hard, think again.

There are very few venture capital pitch decks around, but I know you’re interested in seeing what they look like out of morbid interest, or perhaps you are raising yourself?

This is a collection of all the decks that are publicly available, or a VC hasn’t confided in me to date (As usual, I’ll never share anything confided in confidence). There are a mix of VC, accelerators and fund of funds. It doesn’t make sense to split them into multiple blogs given the paucity of them.

It’s not as comprehensive as the startup pitch deck collection (which has taken 3 years to date to get to 90), but it’s a start.

If you have a VC deck to share, please ping me. If you’re reading this you know you could help others if you shared too.

Here is an interesting podcast on raising a fund.

Alpha Bridge Ventures

Chris Douvos, the Super LP, did a a slide by slide commentary so that you get the LP’s take on the deck. You can check out the commentary here.

Alternative Protein Fund

I believe they are still raising (second close). You can see their funding page here.

AgFunder Grow Impact Fund

Ark Kapital Fund I

Ark Kapital raised a $182m fund I in a mix of debt and equity funding.

Awesome People Fund 2 Memo

Awesome people didn’t make a pitch deck, rather they made a memo.

They used this to raise $20m in October 2021.

CapitalX Fund 1

CapitalX raised $25M+ in August 2020.

Concept Ventures Fund I

Reece Chowdhry raised a seed UK fund 1 of £50m in 2022.

Contrarian Ventures Fund I

Contrarian Ventures raised £101m in 2022.

ClearBanc $300 million in Series B

This isn’t strictly a VC deck, though it sort of is. Rose by any other name and such.

I have added commentary on the ClearBanc pitch deck there.

Day One Ventures

Earl Grey Capital Fund II Memo and Primer Deck

Earl Grey Capital raised a £20m fund in May 2022.

They share links to the team and their portfolio in links. Other information was not made public.

Earl Grey Fund II – Memo

Earl Grey Fund II – Primer Deck

On Deck Series-A and Accelerator

On Deck raised two funds (rounds?). They didn’t make pitch decks, they wrote investment memos instead. There are links to the memos on many blog instead. Click the images and you’ll get there.

Series-A

Accelerator

Seedcamp Fund IV

Decent deck. They proactively share their learnings. Some funny things if you know why to include ‘founders fight for our pro-rata.’

Seedcamp Fund V

Blog on the Fund V

Hackers/Founders 

Hackers and founders have raised 5 funds to date for their accelerator. Here is fund 1 and 5.

Co-op Mexico – Venture capital fund 1 (2017)

Co-op Mexico – Venture capital fund 1 (2016)

Co-op Mexico – Venture capital fund 5

Hack/Fund V – Publicly traded

Long Journey Ventures Fund I Deck

Long Journey Ventures was founded by Cyan Banister and Lee Jacobs and raised a $35m fund.

Notation capital

Fund 1

Notation are pioneering pre-seed venture capital funding in New York. You can read about their investment thesis here.

Fund 2

Notation closed their $27m fund 2 in February 2018 and they’ve shared their deck again. You can read about their experience here.

Not Boring Capital – Fund I Memo

Packy McCormick made his name creating the ‘Not Boring’ newsletter and leveraged that into becoming an investor.

Fund I Memo

He raised a $9.9m fund with his investment memo.

Fund I Memo

He went on to (plan) to raise $25m for his fund 2.

OATV O’Reilly AlphaTech Ventures Fund 3 pitch deck

This is a heavily redacted Fund 3 pitch deck O’Reilly AlphaTech Ventures used to raise their fund from limited partners. It was targeted at $75m.

Precursor Fund III Deck

Charles Hudson used this deck to raise a $40m fund in October 2020.

Satgana Fund I

Satgana raised its first fund of $29m in 2022.

Shrug Capital Fund IV

Niv Dror and Moshe Lifschitz raised a $54m fund in September 2021.

Shrug Capital IV LP Email

Shrug Founder Deck

Slingshot Venture Fund

This fund was setup to invest in graduates of the Slingshot accelerator in Australia. It’s a pretty detailed deck but I think their investment thesis is flawed.

Spacecadet Fund I

Spacecadet went all out to make their deck for LPs and made a website (you can see the Spacecadet site here so long as it is live). It is a lot of work and I wouldn’t recommend it, but up to you.

They raised a $15m fund in September 2021.

You can see the outline of the deck here:

Surge Ventures

Surge focus on energy investments out of Texas. This is the best deck available to date in my opinion, well, it’s the most detailed.

There is a fab blog about their raise here: https://kirkcoburn.com/2016/02/16/my-journey-to-raise-a-venture-capital-fund-in-houston/

Susa Ventures IV and Opportunity Fund II Deck

The GPs Leo Polovets, Chad Byers, Seth Burman set out to raise a $100m IV and $200m opportunity fund in March 2021.

Todd and Rahul’s Angel Fund II Deck

Todd Goldberg and Rahul Vohra raised a $25m fund in December 2020.

Weekend Fund 3.0 Deck

Ryan Hoover raised a $21m fund in April 2021.

Work Life

Work Life was founded by Brianne Kimmel and has raised two fund to date on the future of work.

Work Life Fund I

Brianne Kimmel shares some comments on her deck in My pitch to Marc Andreessen, Zoom CEO Eric Yuan and investors in Work Life.

Work Life Fund II

World Fund Fund I

Raised €350m in October 2021.

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