Helena Special Investments LLC

Institutional venture firmSEC venture capital fund adviserRaising· New York, New Yorkhelena.org

Helena is a new type of institution that seeks to address critical societal problems by running projects alongside its Members.

In the firm's own words, from its website.

Reported fund assets
$238M
sum of its funds' Form ADV filings, last 30 months
Investment team
8
Latest vintage
2025
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsFundsInvestmentsTeam (15)
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

11 additional team members, 16 additional investments, funds and LPs, 21 events, 4 verified contacts (2 general firm email, 2 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.

Nothing material in the last 180 days. Last change: 29 Dec 2025, $70.1M reported sold so far.

People to know

View all people
  • Henry Joseph Elkus
    Co-Founder, Investment Committee, Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Sam Feinburg
    MANAGING PARTNER: HELENA SPECIAL INVESTMENTS
    Why: Managing partner: runs the firm
    No route on file yet
  • Samuel Wyatt Feinburg
    Co-Founder, Investment Committee, Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet

Relationship network

33 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.

Reading the network
  • 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 Helena Special Investments 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 Helena Special Investments LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

0 companies on record, 0 new in 12 months

Investments on record

0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.

Stated thesis versus observed behaviour

no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
global, los angeles, new york
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: no observed deals yet
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

15 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Henry Joseph Elkus · Co-Founder, Investment Committee, Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Sam Feinburg · MANAGING PARTNER: HELENA SPECIAL INVESTMENTS
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Samuel Wyatt Feinburg · Co-Founder, Investment Committee, Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility

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

15 current, 0 departed

Contacts

2 general firm email, 2 firm phone

2 general firm email, 2 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

16 vehicles, 0 LPs disclosed

Funds and vehicles

16 reported, 3 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Helena Special Investments Fund II LPFund2025 form d first saleFundraising$68.5M
Mar 30, 2026
60$70.1M
of $200M
Dec 29, 2025
HSI Phaidra II LLCFund2023 form d first saleActive deployment$2.0M
Mar 30, 2026
4$805,000
of $805,000
Dec 8, 2023
HSI Maps Pbc I LLCFund2023 form d first saleActive deployment$973,165
Mar 30, 2026
18$2.5MSep 28, 2023

Limited partners

0 LPs, 0 disclosed commitments
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.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

0 co-investors · on 1 other DFX graph

Co-investors

0 counted from shared deals, for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Helena Special Investments LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

26 dated events, 57 observations from 3 sources

Timeline

26 dated events
  1. Mar 30, 2026
    HSI M42 Spv LP first reported on Form ADV by Helena Special Investments LLC (Venture Capital Fund), GAV $30,125,000
    Fund first reported on Form ADVFundsInferenceHSI M42 Spv LPForm ADV
  2. Mar 30, 2026
    HSI Phaidra III LLC first reported on Form ADV by Helena Special Investments LLC (Venture Capital Fund), GAV $13,937,087
    Fund first reported on Form ADVFundsInferenceHSI Phaidra III LLCForm ADV
  3. Mar 30, 2026
    Helena Special Investments Fund II LP first reported on Form ADV by Helena Special Investments LLC (Venture Capital Fund), GAV $68,463,547
    Fund first reported on Form ADVFundsInferenceHelena Special Investments Fund II LPForm ADV
  4. Mar 30, 2026
    HSI Cfs II LLC first reported on Form ADV by Helena Special Investments LLC (Venture Capital Fund), GAV $3,781,068
    Fund first reported on Form ADVFundsInferenceHSI Cfs II LLCForm ADV
  5. Mar 30, 2026
    HSI Matter I LLC first reported on Form ADV by Helena Special Investments LLC (Venture Capital Fund), GAV $263,009
    Fund first reported on Form ADVFundsInferenceHSI Matter I LLCForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 14 private fundsShow
Headquarters
New York, NYadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
helena.org
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 30, 2026
Private funds reported
14 (14 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$282Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Wesray II GP LLC (General Partner); Wesray Social Investments LP (Member), owns 10% to 25%; The Hartington Trust (Owner), owns 75% or more

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $247M across 16 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $139M across 14 vehicles

Evidence

58 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 29, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 29, 2024FactForm ADV
First Form ADV filing2022-03-30Mar 30, 2026FactForm ADV
First Form ADV filing2022-03-30Mar 29, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-03-29Mar 29, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2022-03-30Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 29, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneMar 29, 2024FactForm ADV
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 12, 2026Fact
HeadquartersNew York, NYMar 30, 2026FactForm ADV
HeadquartersNew York, NYMar 29, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressMar 29, 2024FactForm ADV
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyMar 29, 2024FactForm ADV
Private funds reported14Mar 30, 2026FactForm ADV
Private funds reported14Mar 30, 2026FactForm ADV
Private funds reported13Mar 29, 2024FactForm ADV
Private fund gross assets (reported)$282MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$282MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$139MMar 29, 2024FactForm ADV
Schedule a diffsadiff-1Mar 30, 2026FactForm ADV
Stated geographyGlobal, los angeles, new york
“geography words on the home page”
Sep 30, 2026Fact
Stated geographyGlobal, los angeles, new york
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyGlobal, los angeles, new york
“geography words on the home page”
Sep 12, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported14Mar 30, 2026FactForm ADV
Venture funds reported14Mar 30, 2026FactForm ADV
Venture funds reported13Mar 29, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteMar 29, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
36
elevated
Active deployment
60
high
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $247M across 16 vehicles

The inputs behind each score
importance
gav: 0.42 · funds: 1 · people: 0.4 · investments: 0 · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 19 · reported gav: $238M · first adv filing: 2022-03-30 · years since first filing: 4.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2022-03-30source 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.

Not yet on record: new companies, 12 mo.