The FM15
Emerging VC managers with fresh capital
and a track record to back it up.
No AUM ranking. No estimated returns. No paid inclusion.
Full methodology: fundmomentum.vc/fm15-methodology
How we score
Zal Bilimoria
Ryan Hoover
Vedika Jain
Antoine Veret
Maxime Le Dantec
Bill Clerico
Allison Stern
Ryan Falvey
Tyler Griffin
Chris Day
Mark Scott
Joel Abramson
Devon Gethers
Karlton Haney
David Helgason
Ari Helgason
Kristian Branaes
Ashley Bittner
Ilja Aizenberg
Toba Spiegel
Bradley Horowitz
Cecily Mak
Anna Samuelsson
Adam French
Hannah Leach
Thaleia Misailidou
George VarvarelisHow the FM15 is built
Fund Momentum tracks every new venture capital fund close globally. To be considered for the FM15, a fund must have raised or closed capital since September 2024. We review fund announcements, GP backgrounds, LP structures, and prior track records using publicly available information.
Scoring uses four dimensions. LP Trust Signal (7 points) measures re-up rates and oversubscription as proxies for LP confidence. Early Track Record (7 points) captures exits, graduation rates, or marked returns from previous funds — not estimated future returns. Thesis Sharpness (7 points) evaluates how focused and differentiated the investment thesis is. Founder Alignment (6 points) assesses GP background, fund size relative to check size, and the quality of the LP network for founder support.
The FM15 is an editorial product. Scores are our assessments based on publicly available information. We do not accept payment for inclusion. We do not publish scores we cannot support with documented evidence. The FM15 publishes every six months — next edition: H2 2026.