Fidelity Hits $250M Target for Inaugural Venture Capital Fund

Strong Investor Backing Fuels Successful Close

Fidelity Investments has closed its first-ever venture capital fund, reaching its $250 million target just four months after launch. The Fidelity Venture Capital Fund I attracted significant interest from high-net-worth individuals, registered advisers, and family offices. The fund held its final closing on September 30, with robust demand driving its rapid fundraising. Fidelity, better known for its traditional asset management, has been expanding into venture capital, positioning itself to back emerging growth companies in tech and other sectors. The success of this fund marks a key milestone in Fidelity’s strategic expansion efforts.