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 / Adverb Ventures Management, LLC
Adverb Ventures Management, LLC
Institutional venture firmSan Francisco, CAadverb.vcSEC venture capital fund adviserfundraising evidence
Adverb Ventures is an early-stage venture capital firm which partners with extraordinary founders building enduring, breakout companies. Every story starts with an idea, but it’s people—their craft and their character—that turn ideas into industry-shaping companies.
venture manager, reported GAV $73M across 3 vehicles
Importance
27
moderate
Active deployment
65
high
Emerging
59
elevated
Completeness
63
high
Freshness
100
high
Research priority
36
elevated
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 2261 MARKET STREET, #5133, San Francisco, CA, 94114adviserinfo.sec.gov
- Business phone
- 707-653-5013adviserinfo.sec.gov
- 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 19, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $62.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 707-653-5013adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
- Sectors
- ai, space
- 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
unknown 91%Other Technology 9%
lead rate n/afollow-on rate n/anew logos, 12 months 33
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Adverb Ventures Fund I, L.P. | Fund | unknown | Unknown | $61.5M Mar 26, 2024 | 125 | $0 of $75.0M | Mar 23, 2023 |
| Adverb Ventures Parallel Fund I, L.P. | Feeder or parallel | unknown | Unknown | $11.7M Mar 26, 2024 | 62 | unknown | unknown |
| Adverb Ventures Fund II, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $125M | Jun 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
8 current, 0 departed
Jana Messerschmidt
Board or advisoryInvesting Advisor
Kelly Watkins
Board or advisoryExecutive Advisor
April Underwood
PartnerCo-founder & Managing Director
April Underwood
PartnerManaging Director · since Feb 1, 2023
Jessica Anne Verrilli
PartnerManaging Director · since Feb 1, 2023
Jessica Verrilli
PartnerCo-founder & Managing Director
Jackie Dao
Platform and operationsChief Financial Officer
Rebecca Miller
Platform and operationsCommunity and Events Advisor
Investments on record
33 edges, 33 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
27 relationships from shared deals, counted for the whole firm
Canaan Partners 1 shared · one timeTech Council Ventures LLC 1 shared · one timeRadical Ventures 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeTAU Ventures, LLC 1 shared · one timeAIX Ventures LLC 1 shared · one timeB Capital Group 1 shared · one timeCRV, LLC 1 shared · one timeProgression 1 shared · one timeSYN Ventures 1 shared · one timeThe GP Manager, LLC 1 shared · one timeSpider Capital 1 shared · one timeParade Route LLC 1 shared · one timePositive Sum Advisors LLC 1 shared · one timeTenoneten 1 shared · one timeFirstmark Capital, LLC 1 shared · one timeAlumni Ventures 1 shared · one timeE14 Management, LLC 1 shared · one timeGeek Ventures, LLC 1 shared · one timeCore Venture Capital 1 shared · one timeMotive Partners 1 shared · one timeBeliade 1 shared · one timeChemistry Ventures Management, LLC 1 shared · one timeFactorial Funds Management LLC 1 shared · one timeIndex Ventures Sa 1 shared · one timeChampion Hill Labs, LLC 1 shared · one timeMac Venture Capital 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 15, 2026Adverb Ventures Management, LLC: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $73M across 3 vehicles)Classification changedClassificationInferenceno URL
- May 23, 2023Adverb Ventures Management, LLC 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)
- May 23, 2023Adverb Ventures Fund I, L.P. first reported on Form ADV by Adverb Ventures Management, LLC (Venture Capital Fund), GAV $47,425,472Fund first reported on Form ADVFundsFactAdverb Ventures Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 23, 2023Adverb Ventures Parallel Fund I, L.P. first reported on Form ADV by Adverb Ventures Management, LLC (Venture Capital Fund), GAV $9,075,243Fund first reported on Form ADVFundsFactAdverb Ventures Parallel Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $73M across 3 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $11.7M across 2 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $11.7M across 1 vehicles
Evidence
40 observations from 3 sources