---
title: "NYC VC Fund Launch: Blue Cloud Ventures Closes Fund V, Crosses $1B AUM"
description: "New York-based Blue Cloud Ventures announced the final close of Fund V on June 2, 2026, bringing total AUM above $1 billion for enterprise SaaS and AI growth investing."
date: 2026-06-03T00:00:00.000Z
tags: ["nyc-vc-news", "fund-close", "new-york-funds", "venture-capital", "startup-funding"]
source: https://venturecapitaltracker.com/nyc-vc-fund-news-2026-06-03-blue-cloud-ventures-fund-v
---

# NYC VC Fund Launch: Blue Cloud Ventures Closes Fund V, Crosses $1B AUM

> New York-based Blue Cloud Ventures announced the final close of Fund V on June 2, 2026, bringing total AUM above $1 billion for enterprise SaaS and AI growth investing.

Blue Cloud Ventures announced the **final close of Fund V** on June 2, 2026, bringing the NYC growth firm's total assets under management **above $1 billion**.

## Key facts

- **Firm:** Blue Cloud Ventures (BCV)
- **Date announced:** June 2–3, 2026
- **Fund:** Blue Cloud Ventures V (BCV V)
- **AUM milestone:** $1B+ across platform
- **Focus:** Enterprise SaaS, infrastructure, open-source software
- **Check size:** $10M–$30M (lead, co-lead, or co-invest)
- **GPs:** Rami Rahal (Founder & Managing Partner), Joel Lou (Founder & Operating Partner)

## BCV V portfolio highlights

- **Writer** — Generative AI platform for enterprise
- **Forethought** — Agentic AI customer service (Zendesk acquired, March 2026)
- **Sanity** — Content operating system for the AI era
- **Exein** — IoT security "digital immune system"
- **Impact Analytics** — AI retail planning and supply chain
- **RapidFort** — Software attack surface optimization

## Why this matters

Blue Cloud is one of NYC's leading venture **growth** firms — distinct from seed specialists like Lerer Hippeau or Boldstart. The $1B AUM milestone and Forethought exit validate NYC's strength in enterprise AI software at growth stage, not just inception.

## Sources

1. VCWire (June 3, 2026): https://vcwire.tech/2026/06/03/blue-cloud-ventures-closes-fund-v/
2. Venture5 (May 31–June 6 newsletter): https://venture5.com/vc-moves/newsletters/wrapups/moves-in-vc-week-of-may-31-june-6/