8VC has announced its sixth fund, 8VC Fund VI, securing $998 million in new limited partner (LP) capital. The fund aims to support ambitious entrepreneurs, with founder Joe Lonsdale emphasizing their vision to help shape the 'next great American century.' Foundation Capital has launched its eleventh flagship fund, Foundation Capital Fund 11, raising $600 million. The fund represents a 20% increase over its predecessor and focuses on early-stage investments in sectors such as enterprise, AI, fintech, and crypto. The firm has returned $1.4 billion to its investors over the past three years and has backed companies like Solana and Cerebras. Prime Venture Partners has announced its fifth fund, valued at $100 million, to invest in 16-18 startups over the next four to five years. The Bengaluru-based firm has already received commitments for 80% of the fund size. It plans to focus on fintech, AI-based services, and SaaS startups, with median check sizes growing to $3.5 million and a strategy targeting pre-Series A funding.