VC Portfolio Construction: Checks & Reserves (2026)
Venture capital portfolio construction sets the number and size of checks, initial ownership, follow-on reserves, pacing, and concentration a fund can actually support.
Venture capital fuels the companies that reshape industries — from AI infrastructure and fintech to healthcare and defense tech. This hub collects our latest analysis on how VC firms evaluate startups, structure deals, and deploy capital across stages and geographies.
Browse the articles below to research investors, understand deal dynamics, and build a sharper fundraising strategy.
Venture capital portfolio construction sets the number and size of checks, initial ownership, follow-on reserves, pacing, and concentration a fund can actually support.
A practical SPV calculator guide for LPs and GPs: model upfront fees, management fees, carry, holding period, and the difference between gross and net MOIC.
Shield AI's latest mark is $12.7B after a $1.5B Series G and $500M preferred financing. See what it means for funding, stock, and IPO questions.
Gusto's latest disclosed mark is $9.3B after a 2025 employee tender offer. In 2026, actual trailing revenue passed $1B, but Gusto remains private.
Wrtn Technologies raised about ₩100B (~$72M) Series C at a >₩1T mark — Antler Global returned with Goodwater and new Coreline capital. Character chat and AI entertainment, not another foundation-model lab.
Transfyr launched with a $25M seed led by General Catalyst to build a physical-AI observability layer for science. The Cambridge team is turning bench actions, context and instrument data into machine-readable training data.