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 / Iron Pillar Capital Management Ltd

Iron Pillar Capital Management Ltd

Institutional venture firmCybercityironpillarfund.comSEC venture capital fund adviserpart of Iron Pillar

One of 2 advisers that share ironpillarfund.com; the firm is Iron Pillar. Iron Pillar Holdings Ltd.. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

Iron Pillar is a growth capital investor for technology companies, supporting visionary founders building the next generation of innovative businesses.

venture manager, reported GAV $116M across 2 vehicles

Importance
24
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
69
high
Freshness
97
high
Research priority
10
low
Identity and regulatory footprint
Headquarters
Cybercity, Mauritiusadviserinfo.sec.gov
Office address
C/O APEX FUND & CORPORATE SERVICES (MAURITIUS) LTD, LOT 15 A3, 1ST FLOOR, Cybercity, 72201adviserinfo.sec.gov
Business phone
2304043900adviserinfo.sec.gov
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 12, 2024
Private funds reported
1 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$116Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Iron Pillar Investments Ltd (Shareholder), E
business phone
2304043900adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
Other Technology 100%
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
2 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Iron Pillar India Fund II, LLCFund2024 form d first saleFundraisingunknownunknown$22.6MAug 5, 2025
Iron Pillar Fund I LtdFund2017 form d first saleHarvest$116M
Mar 12, 2024
55$5.3M
of $150M
Jul 13, 2018
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
49 current, 1 departed
Cyrus Wadia
CEO, Activate, Former Head of Sustainable Product, Amazon
Founder or executive
Steve Ciesinski
Technology Executive, Former President, Stanford Research Institute
Founder or executive
Alan Boehme
Former Chief Technology Officer, H&M
Platform and operations
Ankur Shah
Former Chief Finance & Strategy Officer, Careem
Platform and operations
Ashish Kelkar
Corporate VP, Core AI - Data Science, Microsoft
Platform and operations
Brian J. Miller
Chief Talent Officer & D&I Officer, Levi’s
Platform and operations
Dan Decasper
VP, Engineering & Site Lead, Google
Platform and operations
Vinay Goel
Former Chief Digital Officer, JLL
Platform and operations
Rajesh Ranavat
Executive Director, Strategic Investments, Fung Group
Principal
Jonathan Flesher
VP, Business Development & Partnerships, Reddit
Vice president
Lars Nilsson
Former VP, Global Sales Development, Snowflake
Vice president
1 departed (kept with end dates)
  • Ashish Bhailal Shah · Chief Financial Officer & Chief Compliance Officer · Jan 1, 2016 to Mar 18, 2020 Inference
Investments on record
1 edges, 1 companies, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Ushur, Inc.board seatunknown · boardMohanjit Singh Jolly (strongly supported)unknownunknownFeb 13, 2025Inference SEC EDGAR Form D data sets (quarterly)
“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
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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
3 dated events
  1. Mar 18, 2020
    Ashish Bhailal Shah (Chief Financial Officer & Chief Compliance Officer) no longer on Schedule A of Iron Pillar Capital Management Ltd
  2. Sep 25, 2018
    Iron Pillar Capital Management Ltd first filed Form ADV (ERA)
  3. Sep 25, 2018
    Iron Pillar Fund I Ltd first reported on Form ADV by Iron Pillar Capital Management Ltd (Venture Capital Fund), GAV $15,165,895
Classification history
  1. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $116M across 2 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $116M across 1 vehicles
Evidence
25 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedventure_capital_fund_adviserMar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2018-09-25Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-03-12Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds1Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone2304043900Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionIron Pillar is a growth capital investor for technology companies, supporting visionary founders building the next generation of innovative businesses.
meta description
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersCybercity, MauritiusMar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office addressC/O APEX FUND & CORPORATE SERVICES (MAURITIUS) LTD, LOT 15 A3, 1ST FLOOR, Cybercity, 72201Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formOther (specify)Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.ironpillarfund.com/portfolio
0 entries read
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported1Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$116MMar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Team pagehttps://www.ironpillarfund.com/team
45 name/title pairs read
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported1Mar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttps://www.ironpillarfund.com/index.phpMar 12, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleIron Pillar - Growth capital for tech entrepreneurs
title tag
Sep 12, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)