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 / Twelve Below
Twelve Below
Be The Only. Become The Inevitable. Pre-Seed and Seed Venture Capital, NYC
name or self-description says seed
Importance
32
moderate
Active deployment
55
elevated
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
18
moderate
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 85 5TH AVENUE, 7TH FLOOR, New York, NY, 10003adviserinfo.sec.gov
- Business phone
- 917-740-8380adviserinfo.sec.gov
- Website
- http://www.twelvebelow.co
- 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 5, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $180Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 917-740-8380adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
35 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- pre seed, seed, series a
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 83%Other Technology 9%Other Health Care 6%Other 3%
lead rate n/afollow-on rate n/anew logos, 12 months 34
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Twelve Below Twilight LP | Fund | 2024 adv first reported | Early deployment | $28.3M Mar 14, 2024 | 8 | $0 | Mar 2, 2023 |
| Twelve Below Stone LLC | Fund | 2023 adv first reported | Active deployment | $5.0M Mar 14, 2024 | 1 | unknown | unknown |
| Twelve Below Rock LLC | Fund | 2023 adv first reported | Active deployment | $3.0M Mar 14, 2024 | 3 | unknown | unknown |
| Twelve Below I LP | Fund | unknown | Unknown | $55.4M Mar 14, 2024 | 43 | $0 | Jul 22, 2021 |
| Twelve Below III LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Mar 12, 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
2 current, 0 departed
Byron Ling
Managing partnerManaging Member · since Jan 1, 2024
Christopher Taylor Greene
Managing partnerManaging Member · since May 1, 2021
Investments on record
35 edges, 35 companies, 1 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
Alleycorp Advisers, LLC 2 shared · recurringEqual Ventures 2 shared · recurringHabitat Partners Management LLC 2 shared · recurringProject a 2 shared · recurringService Provider Capital 1 shared · one timeTDK Ventures Inc. 1 shared · one timeAvalanche Vc, LLC 1 shared · one timeThursday Ventures Management LLC 1 shared · one timeFika Ventures 1 shared · one timeAccion 1 shared · one timeSterling Road 1 shared · one timeDiagram Corporation 1 shared · one timeStandard Crypto Management LP 1 shared · one timeAdvancit Capital Advisors LLC 1 shared · one timeStrobe Ventures 1 shared · one timeRocketship.vc, LLC 1 shared · one timeCollaborative Fund Management LLC 1 shared · one timeLerer Hippeau Ventures Management, LLC 1 shared · one timeChemistry Ventures Management, LLC 1 shared · one timeTrue Wealth Venture Capital, LLC 1 shared · one timeSolari Capital Management LLC 1 shared · one timeBlackbird Ventures Pty Ltd. 1 shared · one timeRipple Manager Inc. 1 shared · one timePerceptive Ventures Management Company, LLC 1 shared · one timeAIR Street Capital II LP 1 shared · one timeVirtue Ventures Management L.L.C. 1 shared · one timeLife Sciences 1 shared · one timeFlyover Capital Partners, LLC 1 shared · one timeDorm Room Fund 1 shared · one timeHummingbird Ventures V US GP LLC 1 shared · one timeNEW Climate Ventures Management, LLC 1 shared · one timeBAM Ventures 1 shared · one timeHyde Park Angels, Inc. 1 shared · one timeRED & Blue Ventures 1 shared · one timeArdent Venture Partners, LLC 1 shared · one timeK50 Ventures 1 shared · one timeMotivate Capital Management, LLC 1 shared · one timeBling Capital LLC 1 shared · one timeUnlock Venture Partners 1 shared · one timeUnion Square Ventures 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
6 dated events
- Mar 14, 2024Twelve Below Twilight LP first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $28,294,318Fund first reported on Form ADVFundsFactTwelve Below Twilight LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2024Byron Ling joined Schedule A of Twelve Below as Managing Member
- Mar 29, 2023Twelve Below Stone LLC first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $5,000,000Fund first reported on Form ADVFundsFactTwelve Below Stone LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023Twelve Below Rock LLC first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $3,000,000Fund first reported on Form ADVFundsFactTwelve Below Rock LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 4, 2022Twelve Below 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)
- Jan 4, 2022Twelve Below I LP first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $49,692,000Fund first reported on Form ADVFundsFactTwelve Below I LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
Evidence
43 observations from 3 sources