VC funds still rolling as Northzone announces largest fund, while Salkantay is largest Peru fund

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November 13, 2022

While capital infusion into companies took a summer siesta, some venture capital firms continue to see their coffers runneth over.

Three years after raising a $500 million fund, European venture capital firm Northzone is back with what partners are calling its “largest fundraise to date” of €1 billion, or $1.01 billion, for its tenth fund.

Same for Peru-based Salkantay Ventures, which said it closed on $26 million for its first fund, Salkantay Exponential Fund. Luis Daniel Arbulú, partner at Salkantay, told TechCrunch via email that the fund is “the country’s largest VC fund” as per PitchBook and Crunchbase data.

Colleagues Natasha Mascarenhas and Ingrid Lunden also wrote about some big funds in the past week, including Oakland-based Kapor Capital, which last week also announced its largest fund to date of $126 million, and Stockholm-based EQT Growth, which closed on $2.2 billion. Lunden wrote that it is “the first fund EQT Growth has raised specifically for tech investments, and it stands as one of the biggest first-time growth funds in Europe to date.”

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