Silicon Valley venture capital powerhouse Nexus Venture Partners announced Thursday that it has closed its eighth fund after securing $700 million in investor commitments — a milestone that cements its position among the leading cross-border backers of the artificial intelligence revolution.
The new investment vehicle, Nexus Ventures VIII, will pour capital into founder-led startups building artificial intelligence, enterprise software, consumer platforms and fintech products across the U.S. and India, the firm said in a statement. The fund will deploy at the earliest stages, from inception and seed funding to Series A rounds.
Betting Big on the AI Overhaul
Founded in 2006, Nexus said it has compiled a “strong track record” in supporting companies that are reshaping the AI stack — from developer tools and open-source infrastructure to battle-tested AI agents and next-generation consumer fintech ventures.
“The last few years have been surreal for the technology world,” the partners said, citing breakneck advancements in generative AI and an “unprecedented pace” of adoption across every market segment.
They added that “every layer of the tech stack is getting rewritten by AI,” with agentic AI heralding a wave of automation and augmentation that is rapidly transforming workplaces around the world.
The firm emphasized that alongside its portfolio of U.S. enterprise AI innovators, it remains committed to backing generational consumer, fintech and AI companies in India, mirroring the fund’s global mandate.
