GoalVest Venture Capital, a female-founded division of GoalVest Advisory, has announced the first close of GoalVest Venture Growth Fund II, targeting a $50 million raise, with approximately 60 Limited Partners (LPs) participating.
This close follows the strong performance of Fund I, which celebrated the IPO of CoreWeave, a leading AI infrastructure company, in late March 2025. Since then, CoreWeave’s value has increased approximately 2.5 times. Fund I also has a net IRR of 40% since its inception in April 2022, significantly outperforming the Forge Private Market Index (FPMI), which declined by about 30% during the same period.
GoalVest’s growth-stage venture platform was launched in response to the changing market dynamics of 2020-2021. The firm has reimagined venture capital through:
- Multi-Channel Deal Sourcing: Combining secondary markets with primary funding rounds to access a broader range of companies.
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Fundamentals First Philosophy: Focusing on fundamental analysis and profitability rather than hype.
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Multi-Sector Diversification: Investing across various sectors, including Consumer and Industrials, to mitigate risk.
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LP-Friendly Structure: Providing shorter fund cycles, faster distributions, lower fees, and more co-investment opportunities.
KEY QUOTES:
“CoreWeave’s IPO marks just the beginning of value realization in our portfolio with many other notable names like Anduril and OLIPOP on the cusp of exiting. We’re proud to achieve this important fundraising milestone, especially given the challenging fundraising environment. The performance of Fund I has validated our thesis, and Fund II will continue to amplify the reach of our unique approach.”
Sevasti Balafas, Founder and CEO of GoalVest Advisory
“We listened to our LPs and built the fund they asked for — faster distributions, lower fees, and more co-investments. This is how the next wave of venture capital will look.”
“We’re taking a grounded approach to venture capital — viewing ourselves as stock pickers ignoring hype. Unlike traditional VCs, we employ a rigorous hedge fund-style approach to trade execution, diligence, and portfolio construction. We aren’t constrained by traditional sourcing methods or a narrow vertical focus but build a highly diversified basket of companies sourced at the best price.”
Blair Cohen, Managing Partner of GoalVest Venture Capital
