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 / X•• M••••••••• L••
X•• M••••••••• L••
Corporate venture · probableEl Segundo, CASEC registered investment adviser
corporate parent: X& Financial Inc
Importance
25
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
31
moderate
Freshness
98
high
Research priority
15
moderate
Identity and regulatory footprint
- Headquarters
- El Segundo, CAadviserinfo.sec.gov
- Office address
- 122 PENN ST., El Segundo, CA, 90245adviserinfo.sec.gov
- Business phone
- 626-616-2017adviserinfo.sec.gov
- Website
- unknown
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Apr 30, 2026
- Private funds reported
- 8 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $194Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $194Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 17
- Owners on Schedule A
- X• F•••••••• I•• (Managing Member Operations), E
- business phone
- 626-616-2017adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
9 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| X••••••• S••• L• | SPV or co-invest vehicle | 2025 form d first sale | Newly closed | $5.6M Sep 12, 2026 | 5 | $5.5M of $5.5M | Feb 6, 2026 |
| H••••••• V••••••• S•••••• L•• | Fund | 2025 form d first sale | Newly closed | $5.0M Sep 12, 2026 | 3 | $5.1M of $5.1M | Feb 25, 2026 |
| A••• L••• I• L• | Fund | 2023 form d first sale | Active deployment | $27.5M Sep 12, 2026 | 13 | $9.0M | Sep 30, 2024 |
| M•••••• V••••• V••••••• I• L• | Fund | 2023 form d first sale | Fundraising | $10.0M Sep 12, 2026 | 8 | $8.3M | Jun 13, 2025 |
| H••••••• V••••••• I• L• | Fund | 2022 form d first sale | Active deployment | $51.4M Sep 12, 2026 | 23 | $28.0M | Jan 29, 2024 |
| X•• M••••••••• L•• | Fund | 2022 form d first sale | Active deployment | unknown | unknown | $51.0M | Aug 4, 2023 |
| X•• C••••• I• L• | Fund | unknown | Unknown | $76.1M Sep 12, 2026 | 42 | unknown | unknown |
| B•• V••••••• I• L• | Fund | unknown | Unknown | $10.2M Sep 12, 2026 | 2 | $0 | Jun 20, 2024 |
| H••••••• V••••••• A•••• M••••• R•••••• L•• | Fund | unknown | Unknown | $7.8M Sep 12, 2026 | 9 | $0 | Aug 22, 2024 |
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
0 current, 0 departed
No named professional yet. People arrive from Form ADV Schedule A (owners, officers, control persons) and the team page.
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
7 dated events
- Sep 12, 2026X•• M••••••••• L••: INSTITUTIONAL_VC -> CORPORATE_VENTURE (corporate parent: X• F•••••••• I••)Classification changedClassificationInferenceno URL
- Sep 12, 2026X•• C••••• I• L• first reported on Form ADV by X•• M••••••••• L••, GAV $76,133,661Fund first reported on Form ADVFundsFactX•• C••••• I• L•IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026X••••••• S••• L• first reported on Form ADV by X•• M••••••••• L••, GAV $5,565,231Fund first reported on Form ADVFundsFactX••••••• S••• L•IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026H••••••• V••••••• S•••••• L•• first reported on Form ADV by X•• M••••••••• L••, GAV $5,002,797Fund first reported on Form ADVFundsFactH••••••• V••••••• S•••••• L••IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Jul 30, 2025X•• M••••••••• L•• appears on the SEC adviser roster (RIA)First SEC adviser filingOrganizationFactSEC Form ADV monthly roster (registered + exempt reporting advisers)
- Aug 4, 2023X•• C••••• I• L• filed Form D/A: $50,960,000 sold (indefinite offering), Private Equity Fund
- Aug 1, 2022X•• C••••• I• L• filed Form D: no sales yet (indefinite offering), Private Equity Fund
Classification history
- Sep 13, 2026Corporate venture (probable, 80%, cls-1)corporate parent: X• F•••••••• I••
- Sep 12, 2026Institutional venture firm (probable, 70%, cls-1)venture manager with no reported fund assets yet (scale unknown)
Evidence
46 observations from 3 sources