# Venture Capital Financial Model Templates

Free venture capital model templates in Excel for fund construction, portfolio returns, and the J-curve. Built for VC fund managers, angels, and LPs.

Canonical: https://finamodel.com/templates/categories/venture-capital

## Templates


## Frequently asked questions

### Are these templates really free to download?

Yes. Every template is a free Excel download with live formulas after email signup. No credit card or paywall is required. Click any template, enter your email, download the .xlsx file, and open it in Excel, Google Sheets, or LibreOffice.

### What does a venture capital model show?

VC models build a fund from a portfolio of investments, apply a distribution of outcomes (write-offs through to fund-returners), and project fund-level returns - TVPI, DPI, and IRR - along with the J-curve.

### Can I edit the models after downloading?

Yes. The free downloads are unlocked Excel workbooks with live formulas, no macros, and no password protection. You can change assumptions, add rows, relabel line items, and adapt the structure.