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 / Montage Ventures
Montage Ventures
Institutional venture firmMenlo Park, CAmontageventures.comSEC venture capital fund adviseremerging manager
venture manager, reported GAV $210M across 3 vehicles
Importance
37
elevated
Active deployment
30
moderate
Emerging
82
high
Completeness
69
high
Freshness
100
high
Research priority
34
moderate
Identity and regulatory footprint
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- 863 EL CAMINO REAL, Menlo Park, CA, 94025adviserinfo.sec.gov
- Business phone
- 650-793-6768adviserinfo.sec.gov
- Website
- HTTP://MONTAGEVENTURES.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
- Mar 27, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $210Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-793-6768adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
64 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, healthcare, biotech, climate, robotics, gaming
- Stages
- seed
- Geography
- global
- 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
unknown 91%Other 3%Other Health Care 3%Retailing 2%Other Technology 2%
lead rate n/afollow-on rate n/anew logos, 12 months 64
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Montage Ventures Fund III, L.P. | Fund | 2021 form d first sale | Mature | $76.8M Sep 12, 2026 | 47 | $72.6M of $100M | Mar 14, 2024 |
| Montage Ventures Fund II, L.P. | Fund | 2017 form d first sale | Harvest | $67.8M Sep 12, 2026 | 30 | $18.1M of $37.5M | Jul 1, 2019 |
| Montage Ventures Fund I, L.P. | Fund | 2011 form d first sale | Harvest | $65.0M Sep 12, 2026 | 44 | $2.5M of $2.5M | Dec 2, 2011 |
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
12 current, 0 departed
Lindsay Weiss Kimmel
Managing partnerNon- Managing Member · since Apr 1, 2013
Todd Barrett Kimmel
Managing partnerManaging Member · since Apr 1, 2013
Todd Kimmel
Managing partnerManaging Partner
Matt Murphy
Operating partnerOperating Partner
Daphne Che
PartnerPartner
Platform and operations
Connie Wang
PrincipalPrincipal
Nia Patel
PrincipalPrincipal
Benji Shomair
Venture partnerVenture Partner
Connor Coley
Venture partnerVenture Partner
Howard Wolf
Venture partnerVenture Partner
Sherry Jhawar
Venture partnerVenture Partner
Investments on record
64 edges, 64 companies, 0 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
Propel Venture Partners Management Co. 2 shared · recurringGreatpoint Investment Management, LLC 2 shared · recurringIA Capital Group, Inc. 2 shared · recurringCanaan Partners 1 shared · one timeUncork Capital 1 shared · one timeVillage Global Management, L.L.C. 1 shared · one timePillar Companies Management, LLC 1 shared · one timeCourtside Ventures 1 shared · one timeSuffolk Technologies Fund Management, L.L.C. 1 shared · one timeInnovation Endeavors: Reimagining the technical frontier 1 shared · one timeMaveron LLC 1 shared · one timeAmerican Family Ventures 1 shared · one timeLeap Forward Ventures, LLC 1 shared · one timeRiverwalk Capital 1 shared · one timeRuna Capital Advisors 1 shared · one timeAIX Ventures LLC 1 shared · one timeSpero Management Company, LLC 1 shared · one timeFusion Fund Silicon Valley LLC 1 shared · one timeLerer Hippeau Ventures Management, LLC 1 shared · one timeSpark Growth Ventures 1 shared · one timeSiddhi Capital, LLC 1 shared · one timeHabitat Partners Management LLC 1 shared · one timeCostanoa Ventures 1 shared · one time · they led 1Positive Sum Advisors LLC 1 shared · one timeHaymaker Ventures LLC 1 shared · one timeProfounders Capital Partners LLP 1 shared · one timeUpper90 1 shared · one timeTTV Capital 1 shared · one timeDAG Ventures 1 shared · one timeInfinity Investment Management Holdings, LLC 1 shared · one timeGutter Capital Management LLC 1 shared · one timeFirstmark Capital, LLC 1 shared · one timeBAM Ventures 1 shared · one timeMenlo Ventures 1 shared · one timeTitletowntech Ventures LLC 1 shared · one timeCurate Capital LLC 1 shared · one timeTrive Capital Management LLC 1 shared · one timeLightshed Ventures Group, LP 1 shared · one timeMoneta Ventures, LLC 1 shared · one timemark vc 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
4 dated events
- Sep 16, 2026Waldo no longer listed on Montage Ventures's portfolio pageRemoved from portfolio pagePortfolioInferenceWaldoVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 12, 2026Montage Ventures Fund II, L.P. first reported on Form ADV by Montage Ventures, GAV $67,753,283Fund first reported on Form ADVFundsFactMontage Ventures Fund II, L.P.IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Sep 12, 2026Montage Ventures Fund I, L.P. first reported on Form ADV by Montage Ventures, GAV $65,017,372Fund first reported on Form ADVFundsFactMontage Ventures Fund I, L.P.IAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
- Mar 27, 2025Montage Ventures 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 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $210M across 3 vehicles
Evidence
28 observations from 3 sources