Shadow Ventures, LLC
Shadow Ventures is a thematic venture capital firm that invests in seed stage ConstructionTech and PropTech companies disrupting the built world.
In the firm's own words, from its website.
3 additional team members, 7 additional co-investors and affiliates, 47 additional investments, funds and LPs, 18 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 companynew in 12 months
1 new company in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch 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 18 May 2026 ($100K sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 2 dealswith Retv Management
Invests most often alongside Retv 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.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
69 connected entities1 observed round
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 Shadow Ventures, LLC: 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 Shadow Ventures, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
31 companies on record, 1 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 |
|---|---|---|---|---|---|---|---|
| Altoura | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Amenify | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Ashler AI | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, climate, hardware, robotics, proptech
- Stages
- seed
- Geography
- global
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
7 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.- Member · 1 deal attributed
- Member
- Member
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
22 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 |
|---|---|---|---|---|---|---|---|
| Shadow Okibo, LLC | Fund | 2024 adv first reported | Early deployment | $307,247 Apr 2, 2026 | 2 | unknown | unknown |
| Shadow Ventures Seed Fund II, LP | Seed fund | 2022 form d first sale | Active deployment | $30.0M Apr 2, 2026 | 40 | $13.4M | Dec 11, 2023 |
| Stake 3, a Series of Shadow Ventures Master, LLC | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $724,973 Apr 2, 2026 | 8 | $749,500 of $749,500 | Jul 13, 2022 |
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.Relationships across DFX
10 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-302 shared deals · recurring
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Shadow Ventures, LLC is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
23 dated events, 70 observations from 3 sources
Timeline
- Apr 2, 2026Shadow Ventures Spv 2025a, LLC first reported on Form ADV by Shadow Ventures, LLC (Venture Capital Fund), GAV $2,809,999
- Mar 8, 2024Shadow Okibo, LLC first reported on Form ADV by Shadow Ventures, LLC (Venture Capital Fund), GAV $300,000
- Mar 10, 2023Shadow Icon, LLC first reported on Form ADV by Shadow Ventures, LLC (Venture Capital Fund), GAV $3,685,279
- Mar 10, 2023Shadow Ventures Seed Fund II, LP first reported on Form ADV by Shadow Ventures, LLC (Venture Capital Fund), GAV $10,756,500
- Mar 10, 2023Shadow Kleenproof, LLC first reported on Form ADV by Shadow Ventures, LLC (Venture Capital Fund), GAV $75,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 2, 2026 · 22 private fundsShowHide
- Headquarters
- Atlanta, GAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- shadow.vc
- 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
- Apr 2, 2026
- Private funds reported
- 22 (22 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $58.1Madviserinfo.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 carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $58M across 22 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $59M across 21 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Apr 2, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Apr 2, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 8, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 2, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Apr 2, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 8, 2024 | Fact | Form ADV |
| First Form ADV filing | 2023-03-10 | Apr 2, 2026 | Fact | Form ADV |
| First Form ADV filing | 2023-03-10 | Mar 8, 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 | 2026-04-02 | Apr 2, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-04-02 | Apr 2, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-08 | Mar 8, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Apr 2, 2026 | Fact | Form ADV |
| SEC status effective | 2023-03-10 | Apr 2, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Apr 2, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 8, 2024 | Fact | Form ADV |
| Business phone | Apr 2, 2026 | Fact | Form ADV | |
| Business phone | Mar 8, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Headquarters | Atlanta, GA | Apr 2, 2026 | Fact | Form ADV |
| Headquarters | Atlanta, GA | Mar 8, 2024 | Fact | Form ADV |
| Office address | Apr 2, 2026 | Fact | Form ADV | |
| Office address | Mar 8, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 12, 2026 | Fact | |
| Legal form | Limited Liability Company | Apr 2, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 8, 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 | 22 | Apr 2, 2026 | Fact | Form ADV |
| Private funds reported | 22 | Apr 2, 2026 | Fact | Form ADV |
| Private funds reported | 21 | Mar 8, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $58.1M | Apr 2, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $58.1M | Apr 2, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $58.8M | Mar 8, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 27, 2026 | Fact | Form ADV |
| Stated geography | global “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, climate, hardware, robotics, proptech “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, climate, hardware, robotics, proptech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, climate, hardware, robotics, proptech “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | seed “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | seed “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | seed “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 | 22 | Apr 2, 2026 | Fact | Form ADV |
| Venture funds reported | 22 | Apr 2, 2026 | Fact | Form ADV |
| Venture funds reported | 21 | Mar 8, 2024 | Fact | Form ADV |
| Website | Apr 2, 2026 | Fact | Form ADV | |
| Website | Mar 8, 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 advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $58M across 22 vehicles
- importance
- gav: 0.23 · funds: 1 · people: 0.24 · investments: 0.56 · co investors: 0.4
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-04-22
- emerging manager
- fund count: 22 · reported gav: $58.1M · first adv filing: 2023-03-10 · years since first filing: 3.6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2023-03-10source 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.