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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Firms / A•• S••••• C•••••• I• L•
A•• S••••• C•••••• I• L•
Institutional venture firmSt. Peter Porta••••••••.comSEC venture capital fund adviseremerging manager
Air S••••• Capital is a venture capital firm investing exclusively in AI-first companies across frontier AI, infrastructure, autonomy, defense technology, and TechBio. Founded in 2019 by Nathan Benaich.
venture manager, reported GAV $148M across 2 vehicles
Importance
31
moderate
Active deployment
30
moderate
Emerging
63
high
Completeness
63
high
Freshness
98
high
Research priority
29
moderate
Identity and regulatory footprint
- Headquarters
- St. Peter Port, Guernseyadviserinfo.sec.gov
- Office address
- THE ENERGY CENTRE, ADMIRAL PARK, SUITE 1, FIRST FLOOR, St. Peter Port, GY1 2BBadviserinfo.sec.gov
- Business phone
- -723503adviserinfo.sec.gov
- Website
- a••••••••.com
- 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 28, 2024
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $148Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- -723503adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
68 observed deals
Stated (the firm’s website)
- Sectors
- ai
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 93%Other 4%Other Technology 3%
lead rate n/afollow-on rate n/anew logos, 12 months 68
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| A•• S••••• C•••••• I• L• | Fund | 2022 form d first sale | Active deployment | $121M Mar 28, 2024 | 70 | $3.9M | Aug 24, 2022 |
| A•• S••••• C•••••• I• L• | Fund | unknown | Unknown | $26.5M Mar 28, 2024 | 36 | unknown | unknown |
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
4 current, 0 departed
A•••• H••••••
PrincipalDirector · since Apr 1, 2022
A•••• M•••••••
PrincipalDirector · since Apr 1, 2022
M•••••• J•••• W•••••••••
PrincipalDirector · since Apr 1, 2022
M•••• H••••• T•••••
PrincipalDirector · since Apr 1, 2022
Investments on record
68 edges, 67 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
40 relationships from shared deals, counted for the whole firm
Union Square Ventures 3 shared · recurringAlkeon Capital Management, LLC 3 shared · recurringCatalio Capital Management, LP 2 shared · recurringCompound Advisors, LLC 2 shared · recurringHOF Capital 2 shared · recurringHeadline 2 shared · recurringActivate Capital Partners 2 shared · recurringHummingbird Ventures V US GP LLC 2 shared · recurringRadical Ventures 2 shared · recurringPWV Capital Management LLC 2 shared · recurringMV Advisers LLP 2 shared · recurringG Squared Equity LLC 2 shared · recurringAhren Innovation Capital LLP 2 shared · recurringAcequia Capital Management LLC 2 shared · recurringChampion Hill L•••, LLC 2 shared · recurringCRV, LLC 2 shared · recurringAvenir Management Company, LLC 1 shared · one timeMCJ Venture Management 1 shared · one timeProject a 1 shared · one timeEclipse Ventures, LLC 1 shared · one timeHack Vc Management, LLC 1 shared · one timeSweetwater Private Equity 1 shared · one timeKhosla Ventures, LLC 1 shared · one timeAperture Management LLC 1 shared · one timeCrane Venture Partners LLP 1 shared · one timeIndelible Ventures, LLC 1 shared · one timeInstitutional Venture 1 shared · one timeBarrel Ventures Management, LLC 1 shared · one timeCongruent Management, LLC 1 shared · one timeTrue Ventures 1 shared · one timeThursday Ventures Management LLC 1 shared · one timeMana Ventures 1 shared · one timeTwelve Below 1 shared · one timeEqual Ventures 1 shared · one timeAvalanche Vc, LLC 1 shared · one timeFactorial Funds Management LLC 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeB••••bird Ventures Pty Ltd. 1 shared · one timeGrdnt LLC 1 shared · one timeRocketship.vc, LLC 1 shared · one time
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
16 dated events
- Sep 16, 2026C••••••••• no longer listed on A•• S••••• C•••••• I• L•'s portfolio pageRemoved from portfolio pagePortfolioInferenceC•••••••••Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026u•••••• y••• b•••••• no longer listed on A•• S••••• C•••••• I• L•'s portfolio pageRemoved from portfolio pagePortfolioInferenceu•••••• y••• b••••••Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 12, 2026A•••••••: acquired by Linux on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026G••••••••: acquired by SoftBank on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026R••••••: acquired by Worldpay on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026J•••••••: acquired by ByteDance on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026C•••••••: acquired by Stability/Jasper on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026M••••••••: acquired by Facebook on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026V•••••• D••••••••: acquired by RXRX on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026F••• L•••: acquired by P••••••• on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026N••••••: acquired by Scopely on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page and 1 more
- Sep 12, 2026A••••: acquired by Amazon on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Sep 12, 2026A••••••: acquired by E••••••••• on or before 2026-09-12 (no date published), per A•• S••••• C•••••• I• L•'s portfolio page
- Oct 16, 2023A•• S••••• C•••••• I• L• first reported on Form ADV by A•• S••••• C•••••• I• L• (Venture Capital Fund), GAV $26,455,000Fund first reported on Form ADVFundsFactA•• S••••• C•••••• I• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 16, 2023A•• S••••• C•••••• I• L• 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)
- Oct 16, 2023A•• S••••• C•••••• I• L• first reported on Form ADV by A•• S••••• C•••••• I• L• (Venture Capital Fund), GAV $121,212,121Fund first reported on Form ADVFundsFactA•• S••••• C•••••• I• L•SEC 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 $148M across 2 vehicles
Evidence
28 observations from 2 sources