Despite the nation being in the closing stretch of a closely contested election, venture capital activity continues unabated. Even on this relatively quiet Tuesday, with limited election-related news, several venture firms have submitted filings to the Securities and Exchange Commission (SEC) detailing recently secured funding. Both Precursor Ventures and Insight Partners will be adding new capital alongside Hustle Fund.

These filings are significant as they demonstrate continued investment flowing into the startup ecosystem, which may undergo substantial changes in the weeks ahead. However, both Precursor Ventures and Hustle Fund are currently still in the process of fundraising, suggesting further capital raises are likely in the coming months.

Precursor Ventures, under the leadership of Charles Hudson, has secured a new round of funding dedicated to investments in companies at the pre-seed stage. The firm initially indicated plans to raise a $40 million fund in March 2020, and has now successfully closed $29 million toward that target. Recent investments made by Precursor include The Juggernaut, mmhmm, and TeamPay. The firm recently garnered attention by promoting Sydney Thomas, its inaugural employee, to the position of principal. Mr. Hudson was unavailable for comment due to ongoing fundraising efforts.

A filing was also submitted by Insight Partners, which finalized a $9.5 billion fund in April for investments in startups and growth-stage companies. This filing indicates that the firm has now raised capital for its inaugural Opportunity Fund, totaling $413 million. Insight Partners did not respond to a request for comment.

Earlier today, SEC filings also revealed that Hustle Fund has raised $30 million for its second fund, exceeding the $11.5 million raised by its previous fund. Notably, documentation for this new fund was initially filed in May 2019 with a goal of raising $50 million. Today’s announcement represents its first close. The fund, established in 2018 by former 500 Startup partners Eric Bahn and Elizabeth Yin, shares a similar investment focus with Precursor, concentrating on pre-seed startups. Hustle Fund provides $25,000 investments to approximately 50 startups annually.

Ms. Yin declined to provide a statement due to current fundraising activities.

The surge in fund closings on Election Day was notable, and to some extent, anticipated. Generally, firms aim to finalize and submit their paperwork before potentially disruptive events or periods of uncertainty. Closings were reported from OpenView, Canaan, True Ventures, and others, while firms like First Round and Khosla filed documentation for new funds. It remains to be seen whether this represents a final wave of news before the new year, or if the venture capital community will maintain its momentum, regardless of the holiday season.