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 / Upper90
Upper90
Private equity with venture activity · probableProvidence, RIupper90.ioSEC registered investment adviser
registered adviser; venture funds are 0% of 25 private funds
Importance
34
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
12
low
Identity and regulatory footprint
- Headquarters
- Providence, RIadviserinfo.sec.gov
- Office address
- 269 C SOUTH MAIN STREET, Providence, RI, 02903adviserinfo.sec.gov
- Business phone
- (646) 979-0719adviserinfo.sec.gov
- Website
- https://www.upper90.io/
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 27, 2024
- Private funds reported
- 25 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $816Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $816Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 20
- Owners on Schedule A
- Upper90 Holdings LLC (General Partner), NA
- business email
- bd@upper90.ioupper90.iopublished by the subject
- business phone
- (646) 979-0719adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
58 observed deals
Stated (the firm’s website)
- Sectors
- fintech, marketplaces, logistics
- Stages
- seed, series a, series b, early
- Geography
- new york
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
series d plus 100%
Stage at first entry
series d plus 100%
Sectors
unknown 93%Other Technology 4%Other 2%Business Services 2%
lead rate 0%follow-on rate 0%new logos, 12 months 58
Funds and vehicles
3 reported, 5 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Upper90 Crusoe Equity Spv LLC | SPV or co-invest vehicle · ADV: Private Equity Fund | 2019 form d first sale | Mature | $10.3M Mar 27, 2024 | 34 | $2.3M of $2.3M | Feb 26, 2020 |
| Upper90 Octane, LLC | Fund · ADV: Private Equity Fund | 2019 form d first sale | Mature | $1.5M Mar 27, 2024 | 23 | $5.4M | Jul 15, 2019 |
| Upper90 Fund, LP | Fund · ADV: Private Equity Fund | unknown | Unknown | $34.2M Mar 27, 2024 | 103 | $46.7M of $75.0M | Jun 25, 2018 |
| Upper90 Thrasio III Spv LLC | SPV or co-invest vehicle · ADV: Private Equity Fund | 2020 adv first reported | Wound down | $63.5M Mar 28, 2023 | 40 | unknown | unknown |
| Upper90 Thrasio II, LLC | Fund · ADV: Private Equity Fund | 2020 adv first reported | Wound down | $98,554 Aug 25, 2021 | 82 | unknown | unknown |
| Upper90 Domio Spv LLC | SPV or co-invest vehicle · ADV: Private Equity Fund | 2020 adv first reported | Wound down | $9,052 Jun 21, 2022 | 11 | unknown | unknown |
| Upper90 Thrasio LLC | Fund · ADV: Private Equity Fund | unknown | Wound down | $67.9M Mar 28, 2023 | 41 | unknown | unknown |
| Upper90 Clearfund I Spv, Lpff | SPV or co-invest vehicle · ADV: Private Equity Fund | unknown | Wound down | $3.8M Jun 21, 2022 | 60 | unknown | unknown |
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, 2 departed
Pbc Usa
Founder or executiveCO-FOUNDER
Billy Libby
Managing partnerManaging Partner
Seamless (GRUB)
Managing partnerMANAGING PARTNER
William Carroll Geist
Managing partnerManaging Partner · since Jan 1, 2024
William Kogod Libby
Managing partnerManaging Member · since Jan 1, 2020
Jason Finger
PartnerChairman And Limited Partner · since Nov 1, 2021
Gregory Nmn Vilkin
Platform and operationsChief Compliance Officer / Chief Financial Officer · since Mar 1, 2022
Trey Cobb
PrincipalPRINCIPAL
2 departed (kept with end dates)
- Alex Urdea · Managing Members · Jan 1, 2020 to Aug 25, 2021 Inference
- Michael Moreau · Chief Compliance Officer, Director Of Operations · Nov 1, 2020 to Mar 30, 2022 Inference
Investments on record
58 edges, 56 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
Union Square Ventures 3 shared · recurringAvenir Management Company, LLC 2 shared · recurringHuman Capital 2 shared · recurringCore Venture Capital 2 shared · recurringGrdnt LLC 2 shared · recurringVillage Global Management, L.L.C. 1 shared · one timeWestly Group 1 shared · one timeRadical Ventures 1 shared · one timeA.capital Ventures 1 shared · one timeArtis Ventures Management, L.P. 1 shared · one timeSweetwater Private Equity 1 shared · one timeCanaan Partners 1 shared · one timeEmergence Equity Management, Inc 1 shared · one timeY Combinator 1 shared · one timeBain Capital 1 shared · one timeGreybull Stewardship 1 shared · one timeActivant Capital Group LLC 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeFika Ventures 1 shared · one timeConstruct Capital Management, LLC 1 shared · one timeTEN Eleven Ventures, LLC 1 shared · one timeHack Vc Management, LLC 1 shared · one timeHOF Capital 1 shared · one timeT2 Capital Management, LLC 1 shared · one timeAlleycorp Advisers, LLC 1 shared · one timeArtis Capital Management, L.P. 1 shared · one timeCompound Advisors, LLC 1 shared · one timeAdvent Life Sciences LLP 1 shared · one timeVestedworld 1 shared · one timeAlkeon Capital Management, LLC 1 shared · one timeDlab Ventures LLC 1 shared · one timeThe GP Manager, LLC 1 shared · one timeActivate Capital Partners 1 shared · one timeBrewer Lane Management, LLC 1 shared · one timeAIR Street Capital II LP 1 shared · one timeRetv Management, LLC 1 shared · one timeCostanoa Ventures 1 shared · one time · they led 1Interplay Ventures Early Stage Management LLC 1 shared · one timePositive Sum Advisors LLC 1 shared · one timeHaymaker Ventures LLC 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
21 dated events
- Sep 16, 2026Neon.ai no longer listed on Upper90's portfolio pageRemoved from portfolio pagePortfolioInferenceNeon.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 27, 2024Upper90 Thrasio III Spv LLC no longer reported on Form ADV by Upper90Fund no longer reportedFundsInferenceUpper90 Thrasio III Spv LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2024Upper90 Thrasio LLC no longer reported on Form ADV by Upper90Fund no longer reportedFundsInferenceUpper90 Thrasio LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2024William Carroll Geist joined Schedule A of Upper90 as Managing Partner
- Mar 28, 2023Upper90 Domio Spv LLC no longer reported on Form ADV by Upper90Fund no longer reportedFundsInferenceUpper90 Domio Spv LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2023Upper90 Clearfund I Spv, Lpff no longer reported on Form ADV by Upper90Fund no longer reportedFundsInferenceUpper90 Clearfund I Spv, LpffSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2022Michael Moreau (Chief Compliance Officer, Director Of Operations) no longer on Schedule A of Upper90
- Mar 30, 2022Upper90 Thrasio II, LLC no longer reported on Form ADV by Upper90Fund no longer reportedFundsInferenceUpper90 Thrasio II, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2022Gregory Nmn Vilkin joined Schedule A of Upper90 as Chief Compliance Officer
- Nov 1, 2021Jason Finger joined Schedule A of Upper90 as Member
- Aug 25, 2021Alex Urdea (Managing Members) no longer on Schedule A of Upper90
- Nov 1, 2020Michael Moreau joined Schedule A of Upper90 as Chief Compliance Officer, Director Of Operations
- Mar 30, 2020Upper90 Domio Spv LLC first reported on Form ADV by Upper90 (Hedge Fund), GAV $1,565,000Fund first reported on Form ADVFundsFactUpper90 Domio Spv LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Upper90 Crusoe Equity Spv LLC first reported on Form ADV by Upper90 (Hedge Fund), GAV $2,297,000Fund first reported on Form ADVFundsFactUpper90 Crusoe Equity Spv LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Upper90 Octane, LLC first reported on Form ADV by Upper90 (Hedge Fund), GAV $8,467,118Fund first reported on Form ADVFundsFactUpper90 Octane, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Upper90 Thrasio III Spv LLC first reported on Form ADV by Upper90 (Hedge Fund), GAV $5,044,463Fund first reported on Form ADVFundsFactUpper90 Thrasio III Spv LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Upper90 Thrasio II, LLC first reported on Form ADV by Upper90 (Hedge Fund), GAV $34,750,596Fund first reported on Form ADVFundsFactUpper90 Thrasio II, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 10, 2019Upper90 Thrasio LLC first reported on Form ADV by Upper90 (Hedge Fund), GAV $16,500,000Fund first reported on Form ADVFundsFactUpper90 Thrasio LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 10, 2019Upper90 Clearfund I Spv, Lpff first reported on Form ADV by Upper90 (Hedge Fund), GAV $15,549,381Fund first reported on Form ADVFundsFactUpper90 Clearfund I Spv, LpffSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 10, 2019Upper90 Fund, LP first reported on Form ADV by Upper90 (Hedge Fund), GAV $79,333,092Fund first reported on Form ADVFundsFactUpper90 Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 10, 2019Upper90 first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 0% of 25 private funds
Evidence
44 observations from 2 sources