Twelve Below
Be The Only. Become The Inevitable. Pre-Seed and Seed Venture Capital, NYC
In the firm's own words, from its website.
31 additional co-investors and affiliates, 35 additional investments, funds and LPs, 3 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 30 Sep 2026 ($36M round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 2 dealswith Alleycorp Advisers
Invests most often alongside Alleycorp Advisers (2 shared deals) and Habitat Partners Management (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
People to know
View all people- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
77 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Twelve Below: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Twelve Below
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
35 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Accrue | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Architect | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Asapi | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- 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
Team
2 current, 0 departed
Decision makers
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member · 1 deal attributed
- Managing Member
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
6 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Twelve Below Twilight LP | Fund | 2024 adv first reported | Early deployment | $28.9M Mar 5, 2026 | 8 | $0 | Mar 2, 2023 |
| Twelve Below Stone LLC | Fund | 2023 adv first reported | Active deployment | $5.0M Mar 5, 2026 | 1 | unknown | unknown |
| Twelve Below Rock LLC | Fund | 2023 adv first reported | Active deployment | $3.0M Mar 5, 2026 | 3 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Poses Family Foundation | FOUNDATION | Twelve Below I LP | $10.4M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
34 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-302 shared deals · recurring
- 2026-09-302 shared deals · recurring
- 2026-09-302 shared deals · recurring
Across DFX and the capital chainon 1 other DFX graph · 1 capital path ShowHide
- The same institution is held on Allocators, matched by identifier. See which records
Twelve Below is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Twelve Below sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
8 dated events, 63 observations from 3 sources
Timeline
- Mar 12, 2026Twelve Below filed the first Form D for Twelve Below III LP (fund 3), its next fund after Twelve Below II LP (vintage 2023)
- Mar 5, 2026Twelve Below II LP first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $79,024,324
- Mar 14, 2024Twelve Below Twilight LP first reported on Form ADV by Twelve Below (Venture Capital Fund), GAV $28,294,318
- 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 $5,000,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 5, 2026 · 5 private fundsShowHide
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- 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, adviser total
- $180Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried1 on recordShowHide
- Sep 12, 2026Seed fund manager (confirmed, 95%)Name or self-description says seed
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 5, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 5, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 14, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 5, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 5, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 14, 2024 | Fact | Form ADV |
| First Form ADV filing | 2022-01-04 | Mar 5, 2026 | Fact | Form ADV |
| First Form ADV filing | 2022-01-04 | Mar 14, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-05 | Mar 5, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-05 | Mar 5, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-14 | Mar 14, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 5, 2026 | Fact | Form ADV |
| SEC status effective | 2022-01-04 | Mar 5, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 5, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 14, 2024 | Fact | Form ADV |
| Business phone | Mar 5, 2026 | Fact | Form ADV | |
| Business phone | Mar 14, 2024 | Fact | Form ADV | |
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | New York, NY | Mar 5, 2026 | Fact | Form ADV |
| Headquarters | New York, NY | Mar 14, 2024 | Fact | Form ADV |
| Office address | Mar 5, 2026 | Fact | Form ADV | |
| Office address | Mar 14, 2024 | Fact | Form ADV | |
| Self-described type | seed | Sep 30, 2026 | Fact | |
| Self-described type | seed | Sep 16, 2026 | Fact | |
| Self-described type | seed | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 5, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 14, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 14, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $180M | Mar 5, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $180M | Mar 5, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $91.7M | Mar 14, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 26, 2026 | Fact | Form ADV |
| Stated stages | Pre seed, seed, series a “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 14, 2024 | Fact | Form ADV |
| Website | Mar 5, 2026 | Fact | Form ADV | |
| Website | Mar 14, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersSeed fund manager, confirmedShowHide
Name or self-description says seed
- importance
- gav: 0.38 · funds: 0.5 · people: 0.08 · investments: 0.58 · co investors: 0.62
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2024-05-24
- emerging manager
- fund count: 6 · reported gav: $180M · first adv filing: 2022-01-04 · years since first filing: 4.7
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2022-01-04source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.