Investigate VC has launched a new fund series, Fund 2 (I-III), aiming to raise over US$500 million across three vintages: 2025, 2027, and 2029.

The funds are designed to support early-stage startups in Asia, Europe, and North America.

The first fund, Investigate Fund 2 (I), is targeting a US$150 million close.

The firm intends to invest in startups that exhibit strong network effects and plans to use AI-driven tools for investment decisions and deal sourcing.

Investigate VC has teams based in Asia, Europe, and North America, highlighting its global approach to venture capital.

🔗 Source: Investigate VC

🧠 Food for thought

1️⃣ The convergence of AI both as investment target and operational tool

Investigate VC’s AI-driven investment approach aligns with a broader industry transformation occurring in venture capital.

The new fund launch comes as AI is reshaping both what VCs invest in and how they operate, with AI and machine learning deals capturing 46.4% of U.S. venture capital funding in 2024, up significantly from 36% in 2023 1.

This influx of capital shows no signs of slowing, as AI startups attracted $52 billion in Q1 2025 alone, representing 41% of global VC funding 2.

The operational integration of AI in venture capital firms themselves has accelerated, with 92% of VCs now utilizing AI to enhance efficiency in due diligence and deal sourcing 3.

Investigate’s approach mirrors the industry-wide adoption trend where 76% of VC firms now leverage AI for task automation, a marked increase from 62% just a year ago 1.

This dual positioning, using AI tools while investing in AI-powered companies, exemplifies how modern VC firms are gaining competitive advantages in an increasingly crowded market where over 32,000 active VCs compete for deals, compared to just 150 firms in 1994 4.

2️⃣ Innovative fund structures address the liquidity gap in venture capital

Investigate VC’s dual-fund liquidity structure reflects a strategic response to a persistent challenge in venture investing: balancing investor liquidity needs with long-term value creation.