DFX Intelligence

Data Factory

VentureFirminstitutional vcexempt_reporting_adviser

Relay Investments Management, LLC

Venture Capital

Boston, MA

True partners for each step of your search fund journey.

This is the graph view. The full profile, with its team, deals and sources, is on Venture Capital.Open the full profile →

Search this name across graphsid dfx:vc:22485bf9-7d49-4ebc-802c-9a88c4026f28

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 1:53 AM UTC and rebuilt at most every 15 minutes.

Relationships: 23
Dated events: 15
On other graphs: 1
Observed: Sep 12, 2026 to Sep 17, 2026
52 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

RIA / Wealth Managementidentity

RELAY INVESTMENTS MANAGEMENT, LLC

Registered adviser · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 7
Vintages: 2014 to 2023
Reported GAV: $227Mgross asset value on Form ADV; never dry powder
Funds with fundraising evidence: 0derived
Investments: 3
Portfolio companies: 3
Investments, 12m: 3
Partner-attributed: 0
People: 11
Investment professionals: 8derived
Co-investors: 0derived
LP relationships: 0
Stated sectors: enterprise_software,spaceas stated by the firm
Stated geography: boston,emerging markets,global
Latest Form D: Oct 20, 2022
Latest ADV filing: Mar 31, 2025
Website: relayinvestments.com

Funds

Fund	Vintage	Lifecycle	Form D sold	GAV
Relay Investments III - B	2023	Wound down	n/a	$13.1M
Relay Investments III Parallel, LP	2022	Active deployment	n/a	$26.1M
Relay Investments III, LLC	2021	Mature	$98.5M	$77.5M
Relay Investments Ii-A, LP	2019	Mature	n/a	$24.1M
Relay Investments Ii-B, LP	2019	Mature	n/a	$12.8M
Relay Investments II, LP	2017	Harvest	$36.6M	$75.9M
Relay Investments I, LP	2014	Harvest	$12.5M	$10.4M

Investments

round size is never this investor's check

Company	State	Stage	Round size	Partner	Attribution	Observed
Covalentpartners	n/a	n/a	n/a	n/a	Unknown	Sep 16, 2026
Searcher Portal	n/a	n/a	n/a	n/a	Unknown	Sep 12, 2026
Vialterna	n/a	n/a	n/a	n/a	Unknown	Sep 12, 2026

Co-investors

pairs come only from shared rounds and listings

Investor	Co-investor	Shared deals	Shared companies	Last observed	Strength
Relay Investments Management, LLC	Regalis Solutions LLC	1	1	Sep 16, 2026	One time

Relationships

Invested in (3)

→ CovalentpartnersCompanyPortfolio listing
Sep 16, 2026 to presentfactThe subject's own site
→ VialternaCompanyPortfolio listing
Sep 12, 2026 to presentfactThe subject's own site
→ Searcher PortalCompanyPortfolio listing
Sep 12, 2026 to presentfactThe subject's own site

Employs (13)

→ Ximena AlvaradoPersonSenior Vice President
factThe subject's own site
→ Jorge TiradoPersonVice President
factThe subject's own site
→ Rachael BoraginePersonController
factThe subject's own site
→ Patrick BurkePersonAssociate
factThe subject's own site
→ Nick ThorndikePersonAnalyst
factThe subject's own site
→ Aaron SedlisPersonAnalyst
factThe subject's own site
→ Sandro MinaPersonManaging Partner
factThe subject's own site
→ Robin MohapatraPersonOperating Partner
factThe subject's own site
→ Clement LucasPersonPrincipal
factThe subject's own site
→ Stephanie WarnerPersonPartner
factThe subject's own site
→ Nichole GuerrettePerson12Chief Compliance Officer
Nov 1, 2022 to presentfactForm ADV
→ Alessandro L. MinaPersonManaging Member
Feb 1, 2014 to presentfactForm ADV
→ Martin S. SteberPersonManaging Member
Jan 1, 2017 to Mar 27, 2020inferenceForm ADV

Manages (7)

→ Relay Investments III - BFundVenture Capital Fund
Mar 29, 2023 to presentfactForm ADV
→ Relay Investments II, LPFundVenture Capital Fund
Mar 30, 2018 to presentfactForm ADV
→ Relay Investments I, LPFundVenture Capital Fund
Mar 30, 2018 to presentfactForm ADV
→ Relay Investments Ii-A, LPFundVenture Capital Fund
Mar 28, 2019 to presentfactForm ADV
→ Relay Investments Ii-B, LPFundVenture Capital Fund
Mar 28, 2019 to presentfactForm ADV
→ Relay Investments III, LLCFundVenture Capital Fund
Mar 15, 2022 to presentfactForm ADV
→ Relay Investments III Parallel, LPFundVenture Capital Fund
Mar 15, 2022 to presentfactForm ADV

Dated events

11 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Sep 16, 2026
Person left
Stephanie Warner (Partner) no longer on the team page of Relay Investments Management, LLC
The subject's own siteobserved 2 days ago
Occurred
Nov 1, 2022
Person joined
Nichole Guerrette joined Schedule A of Relay Investments Management, LLC as 12Chief Compliance Officer
Form ADVobserved 6 days ago
Occurred
Mar 27, 2020
Person left
Martin S. Steber (Managing Member) no longer on Schedule A of Relay Investments Management, LLC
Form ADVobserved 6 days ago
Occurred
Mar 30, 2018
Adviser's first ADV filing
Relay Investments Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
Form ADVobserved 6 days ago

Show 11 bookkeeping events

First seen by DFX
Sep 16, 2026
date not stated
Vialterna no longer listed on Relay Investments Management, LLC's portfolio page
Occurred
Oct 25, 2023
Relay Investments III - B no longer reported on Form ADV by Relay Investments Management, LLC
Occurred
Mar 29, 2023
Relay Investments III - B first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $13,100,000
Occurred
Jun 1, 2022
Relay Investments III, LLC no longer reported on Form ADV by Relay Investments Management, LLC
Occurred
Mar 15, 2022
Relay Investments III Parallel, LP first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $1,995,000
Occurred
Mar 15, 2022
Relay Investments III, LLC first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $13,775,000
Occurred
Mar 15, 2022
Relay Investments III LP first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $74,502,787
Occurred
Mar 28, 2019
Relay Investments Ii-B, LP first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $15,910,731
Occurred
Mar 28, 2019
Relay Investments Ii-A, LP first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $6,447,119
Occurred
Mar 30, 2018
Relay Investments II, LP first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $28,646,234
Occurred
Mar 30, 2018
Relay Investments I, LP first reported on Form ADV by Relay Investments Management, LLC (Venture Capital Fund), GAV $19,910,802

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 website (Form ADV), 1 work email (firm website) · as of 2026-09-16

Also named here, with no published line of their own (reach them through the firm): Ximena Alvarado (Senior Vice President), Jorge Tirado (Vice President), Rachael Boragine (Controller), Patrick Burke (Associate), Nick Thorndike (Analyst), Aaron Sedlis (Analyst), Sandro Mina (Managing Partner), Robin Mohapatra (Operating Partner), Clement Lucas (Principal), Stephanie Warner (Partner), Nichole Guerrette (12Chief Compliance Officer), Alessandro L. Mina (Managing Member).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Venture Capital
Canonical id: dfx:vc:22485bf9-7d49-4ebc-802c-9a88c4026f28
First observed: Sep 12, 2026
Last observed: Sep 17, 2026 41 h ago
Source families: Federal regulator filings, Firm and issuer disclosures
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Relay Investments Management, LLC

Venture Capital

Boston, MA

True partners for each step of your search fund journey.

This is the graph view. The full profile, with its team, deals and sources, is on Venture Capital.Open the full profile →

Search this name across graphsid dfx:vc:22485bf9-7d49-4ebc-802c-9a88c4026f28

Data as of Sep 17, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 1:53 AM UTC and rebuilt at most every 15 minutes.

Fund

Vintage

Lifecycle

Form D sold

GAV

LPs

Relay Investments III - B

2023

Wound down

n/a

$13.1M

Relay Investments III Parallel, LP

2022

Active deployment

n/a

$26.1M

Relay Investments III, LLC

2021

Mature

$98.5M

$77.5M

Relay Investments Ii-A, LP

2019

Mature

n/a

$24.1M

Relay Investments Ii-B, LP

2019

Mature

n/a

$12.8M

Relay Investments II, LP

2017

Harvest

$36.6M

$75.9M

Relay Investments I, LP

2014

Harvest

$12.5M

$10.4M

Company

State

Stage

Round size

Partner

Attribution

Observed

Covalentpartners

n/a

Unknown

Sep 16, 2026

Searcher Portal

n/a

Unknown

Sep 12, 2026

Vialterna

n/a

Unknown

Sep 12, 2026

Investor

Co-investor

Shared deals

Shared companies

Last observed

Strength

Relay Investments Management, LLC

Regalis Solutions LLC

Sep 16, 2026

One time