# D.E. Shaw targets $1B for second Voltaic fund, sources say

Digest AI · Business & Funding · published 2026-10-05T15:20:00Z

Canonical: https://digestai.news/story/d-e-shaw-targets-1b-for-second-voltaic-fund-sources-say

## Summary

Hedge fund D.E. Shaw is aiming to raise $1 billion for its second Voltaic venture and growth equity fund, according to people familiar with the matter. This target is more than double the size of its predecessor, Voltaic Fund I, which closed in early 2023 with over $450 million in commitments. The new fund is expected to focus on mid- to late-stage, pre-IPO technology companies, with more than half of the capital directed toward later-stage private firms.

The move comes as D.E. Shaw’s venture arm has recently participated in major AI financings. Earlier this year, the firm co-led Anthropic’s $30 billion Series G and OpenAI’s $122 billion round. It also invested in Ramp and ThreatLocker. D.E. Shaw, which manages over $115 billion in investment and committed capital, declined to comment on the new fund. The fund was first identified in an August 4 regulatory filing as a private equity vehicle with a $1 million minimum investment.

## Key points

- D.E. Shaw targets $1 billion for Voltaic Fund II, double its first fund size.
- Fund focuses on mid- to late-stage, pre-IPO technology and data companies.
- D.E. Shaw recently co-led massive rounds for Anthropic and OpenAI.

## Why it matters

The larger fund size signals continued institutional confidence in the AI sector, providing significant capital for late-stage AI companies seeking pre-IPO financing.

## Sources

1. [Anthropic, OpenAI backer D.E. Shaw targets $1B for second VC fund](https://finance.yahoo.com/technology/ai/articles/anthropic-openai-backer-d-e-222027871.html) (finance.yahoo.com, 2026-10-05)

## Cite

Digest AI, "D.E. Shaw targets $1B for second Voltaic fund, sources say", 5 October 2026, https://digestai.news/story/d-e-shaw-targets-1b-for-second-voltaic-fund-sources-say

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