Multiple VC Firms Close Over $2B in New Funds in May 2026, AI Tops Single-Sector Focus

According to TechInAsia, in May 2026, multiple venture capital firms closed major new funds. Genesia Ventures closed its fourth fund at US$113 million targeting seed-stage startups across Southeast Asia, India, and Japan. In the Indian market, Physis Capital raised US$42 million and Shastra VC launched a US$100 million fund focused on deeptech and AI. Haun Ventures announced a fintech-focused mega fund valued at over US$1 billion, while 137 Ventures closed two new funds totaling over US$700 million, with notable portfolio companies including SpaceX, Uber, and Airbnb. Among single-sector funds, AI leads the list, followed by healthcare and deeptech.
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