DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Reformation Management, LLC
Reformation Management, LLC
Institutional venture firmMiami, FLreformation.vcSEC venture capital fund adviserfundraising evidence
Reformation Partners is an early growth equity firm that leads investments in best-in-class software companies at their point of breakout.
venture manager, reported GAV $123M across 7 vehicles
Importance
34
moderate
Active deployment
65
high
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
22
moderate
Identity and regulatory footprint
- Headquarters
- Miami, FLadviserinfo.sec.gov
- Office address
- 310 NW 26TH ST, SUITE A, Miami, FL, 33127adviserinfo.sec.gov
- Business phone
- (917) 971-8129adviserinfo.sec.gov
- Website
- https://www.reformation.vc/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $248Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- team@reformation.vcreformation.vcpublished by the subject
- business phone
- (917) 971-8129adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
22 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- growth investor
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 82%Other Technology 18%
lead rate n/afollow-on rate n/anew logos, 12 months 22
Funds and vehicles
7 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Reformation Partners II, LP | Fund | 2022 form d first sale | Active deployment | $82.9M Mar 20, 2024 | 239 | $85.0M of $85.0M | Dec 28, 2022 |
| Reformation Partners Spv-3 LLC | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $5.6M Mar 20, 2024 | 115 | $4.3M of $4.3M | Jul 11, 2022 |
| Reformation Partners Spv-2 LLC | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $2.8M Mar 20, 2024 | 28 | $2.6M of $2.6M | Jan 27, 2022 |
| Reformation Partners Spv-1 Apty Series a, LLC | SPV or co-invest vehicle | 2021 form d first sale | Mature | $607,090 Mar 20, 2024 | 6 | $562,500 of $618,750 | Dec 15, 2021 |
| Reformation Partners-A, LP | Feeder or parallel | unknown | Unknown | $24.8M Mar 20, 2024 | 105 | unknown | unknown |
| Reformation Partners, LP | Fund | unknown | Unknown | $6.4M Mar 20, 2024 | 48 | $0 of $20.0M | Oct 25, 2019 |
| Reformation Partners III, LP | Fund | unknown | Fundraising | unknown | unknown | $0 of $125M | Mar 27, 2026 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 0 departed
Andrew Oved
Managing partnerManaging Partner
David Rogg
Managing partnerManaging Partner
Jim Hao
Managing partnerManaging Partner
Ayush Gupta
OtherInvestment Criteria
Andrew Oved
PartnerManager · since Aug 1, 2019
David Joseph Rogg
PartnerManager · since Aug 1, 2019
James Hao
PartnerManager · since Aug 1, 2019
Investments on record
22 edges, 22 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
5 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
7 dated events
- Sep 9, 2022Reformation Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 9, 2022Reformation Partners, LP first reported on Form ADV by Reformation Management, LLC (Venture Capital Fund), GAV $5,300,925Fund first reported on Form ADVFundsFactReformation Partners, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 9, 2022Reformation Partners-A, LP first reported on Form ADV by Reformation Management, LLC (Venture Capital Fund), GAV $20,550,324Fund first reported on Form ADVFundsFactReformation Partners-A, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 9, 2022Reformation Partners Spv-3 LLC first reported on Form ADV by Reformation Management, LLC (Venture Capital Fund), GAV $4,184,998Fund first reported on Form ADVFundsFactReformation Partners Spv-3 LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 9, 2022Reformation Partners Spv-1 Apty Series a, LLC first reported on Form ADV by Reformation Management, LLC (Venture Capital Fund), GAV $562,500Fund first reported on Form ADVFundsFactReformation Partners Spv-1 Apty Series a, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 9, 2022Reformation Partners II, LP first reported on Form ADV by Reformation Management, LLC (Venture Capital Fund), GAV $82,115,000Fund first reported on Form ADVFundsFactReformation Partners II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 9, 2022Reformation Partners Spv-2 LLC first reported on Form ADV by Reformation Management, LLC (Venture Capital Fund), GAV $2,729,999Fund first reported on Form ADVFundsFactReformation Partners Spv-2 LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $123M across 7 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $123M across 6 vehicles
Evidence
44 observations from 3 sources