Blog
Analysis, guides, and data stories from the NextRounds team.
Analysis
2025-11-01VC Fundraising Trends: What 15 Years of SEC Data Shows
An analysis of venture capital fundraising from 2009 to 2024, based on SEC Form D bulk data. Fund sizes tripled, the market peaked in 2021, and a structural shift is underway.
Guide
2025-09-15What is SEC Form D? A Guide to VC Fundraising Data
Every time a venture capital firm closes a fund, they file a Form D with the SEC. Here's what that data tells us — and what it doesn't.