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 / Fellows Fund Management LLC
Fellows Fund Management LLC
Institutional venture firmCampbell, CAfellowsfundvc.comSEC venture capital fund adviseremerging manager
Fellows Fund is an AI-focused venture capital firm investing at the Seed and Series A, backed by 40 leading AI practitioners across the industry.
venture manager, reported GAV $106M across 2 vehicles
Importance
16
moderate
Active deployment
25
moderate
Emerging
85
high
Completeness
63
high
Freshness
100
high
Research priority
31
moderate
Identity and regulatory footprint
- Headquarters
- Campbell, CAadviserinfo.sec.gov
- Office address
- 500 EAST HAMILTON AVE. #1043, Campbell, CA, 95008adviserinfo.sec.gov
- Business phone
- 1 408 499 8345adviserinfo.sec.gov
- Website
- http://fellowsfundvc.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
- Jul 9, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $106Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 1 408 499 8345adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- ai, enterprise software, hardware, robotics
- 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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Fellows Fund II, L.P. | Fund | 2023 form d first sale | Fundraising | $101M Sep 12, 2026 | 86 | $51.5M | Jul 18, 2025 |
| Fellows Fund I, L.P. | Fund | 2021 form d first sale | Fundraising | $4.5M Sep 12, 2026 | 45 | $5.2M | Jul 18, 2025 |
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
5 current, 0 departed
Jc Mao
General partnerGeneral Partner
Lucas Sheiner
General partnerGeneral Partner
Alex Ren
Managing partnerFounding Partner
Charles Elkan
Venture partnerVenture Partner
Nick Chong
Venture partnerVenture Partner
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
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
1 dated events
- Jul 18, 2025Fellows Fund Management LLC appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Classification history
- Sep 13, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $106M across 2 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 70%, cls-1)venture manager with no reported fund assets yet (scale unknown)
Evidence
24 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | vc_exemption,vc_funds_reported | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC exemption claimed | venture_capital_fund_adviser | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC adviser type | exempt_reporting_adviser | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Latest Form ADV filing | 2026-07-09 | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Adv pdf loaded | adv-pdf-1 | Sep 12, 2026 | Fact | IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A) |
| SEC status | ERA - Active | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC status effective | 2025-07-18 | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Business phone | 1 408 499 8345 | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Contact page url | https://fellowsfundvc.com/contact “contact page linked from the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | Fellows Fund is an AI-focused venture capital firm investing at the Seed and Series A, backed by 40 leading AI practitioners across the industry. “meta description” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | Fellows Fund is an AI-focused venture capital firm investing at the Seed and Series A, backed by 40 leading AI practitioners across the industry. “meta description” | Sep 12, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Headquarters | Campbell, CA | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Office address | 500 EAST HAMILTON AVE. #1043, Campbell, CA, 95008 | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Legal form | Limited Liability Company | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private funds reported | 2 | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private fund gross assets (reported) | $106M | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Stated sectors | ai,enterprise_software,hardware,robotics “sector words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | ai,enterprise_software,hardware,robotics “sector words on the home page” | Sep 12, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://fellowsfundvc.com/team “5 name/title pairs read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://fellowsfundvc.com/team “4 name/title pairs read” | Sep 12, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Venture funds reported | 2 | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Website | http://fellowsfundvc.com | Jul 9, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Site title | Fellows Fund “title tag” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | Fellows Fund “title tag” | Sep 12, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |