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.

A Portfolio Spanning 130+ Startups and 30+ Exits

Nexus currently manages $3.2 billion in capital across its funds and has invested in more than 130 companies, achieving over 30 exits, including several initial public offerings. Its past bets include rising startups such as Avoca, Giga, TensorWave and Firecrawl, as well as established players like Postman, Fingerprint, MinIO and Zepto.

“Over the years, we have had the pleasure of backing several founders from the early days of their journeys,” the partners said, noting that many have already taken their companies public or are on the cusp of doing so.
“With Fund VIII, we’re doubling down on visionary entrepreneurs solving the hardest problems and shaping the next wave of global innovation.”

Legal counsel for the fund formation was not immediately available Thursday.