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Institutional venture firmSEC exempt reporting adviserClassification probable· Madison, Wisconsin

Institutional venture firm, based in Madison, Wisconsin, reporting $56.8M of private fund gross assets across 2 funds.

Composed from this organization's classification, location and filed figures.

Fund gross assets
$56.8M
Form ADV, Schedule D
Investment team
1
Form ADV Schedule A and the firm's team page
Latest vintage
2024
Form ADV and Form D
FundsInvestmentsTeam (2)
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

Nothing material in the last 180 days. No dated change on record yet.

Scores, classification basis and filing advisersInstitutional venture firm, probableShow
Importance
11
low
Active deployment
25
moderate
Emerging
0
low
Completeness
50
elevated
Freshness
100
high
Research priority
9
low
Institutional venture firm · probableSEC exempt reporting adviser

Venture manager, reported GAV $57M across 2 vehicles

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.
Investment team
2 current, 1 departed
Full team · 2 peoplewith contacts and sources
J•••• G•••• B•••••••
Managing Director · since Nov 1, 2019
Partner
FactForm ADV
C••••• J• T••••
Managing Director And Chief Compliance Officer · since Nov 1, 2019
Platform and operations
FactForm ADV
1 departed (kept with end dates)
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.
Funds and vehicles
2 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
N••• D••••• F••• I• L•••Fund2024 adv first reportedEarly deployment$12.0M
Mar 30, 2026
2unknownunknown
N••• F••• I• L•Fund · ADV: Other Private Fund2021 form d first saleMature$44.8M
Mar 30, 2026
35$42.3M
of $200M
Oct 21, 2022
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
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
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 logos, 12 months 0
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.
Timeline
4 dated events
  1. Mar 26, 2024
    ••• Locked
    Fund first reported on Form ADVFundsFactN••• D••••• F••• I• L•••Form ADV
  2. Mar 18, 2022
    ••• Locked
    Person leftPeopleInferenceL•••• L•• L•••••••Form ADV
  3. Feb 11, 2021
    ••• Locked
    First SEC adviser filingOrganizationFactForm ADV
  4. Feb 11, 2021
    ••• Locked
    Fund first reported on Form ADVFundsFactN••• F••• I• L•Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 2 private fundsShow
Headquarters
Madison, WIadviserinfo.sec.gov
Office address
••• Lockedadviserinfo.sec.gov
Business phone
••• Lockedadviserinfo.sec.gov
Website
n•••••.com
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Private fund adviseradviserinfo.sec.gov
Latest Form ADV
Mar 30, 2026
Private funds reported
2 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$56.8Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Business email
••• Lockedn•••••.compublished by the subject
Classification history
Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Institutional venture firm (probable, 80%)
    Venture manager, reported GAV $57M across 2 vehicles
Evidence
66 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedPrivate fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedPrivate fund adviserMar 26, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 26, 2024FactForm ADV
First Form ADV filing2021-02-11Mar 30, 2026FactForm ADV
First Form ADV filing2021-02-11Mar 26, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 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 filing2024-03-26Mar 26, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2021-02-11Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 26, 2024FactForm ADV
Business phone••• LockedMar 30, 2026FactForm ADV
Business phone••• LockedMar 26, 2024FactForm ADV
Contact page url••• Locked
“••• Locked”
Sep 23, 2026FactFirm website
Contact page url••• Locked
“••• Locked”
Sep 22, 2026FactFirm website
Contact page url••• Locked
“••• Locked”
Sep 21, 2026FactFirm website
Contact page url••• Locked
“••• Locked”
Sep 20, 2026FactFirm website
Contact page url••• Locked
“••• Locked”
Sep 19, 2026FactFirm website
Contact page url••• Locked
“••• Locked”
Sep 17, 2026FactFirm website
Contact page url••• Locked
“••• Locked”
Sep 16, 2026FactFirm website
HeadquartersMadison, WIMar 30, 2026FactForm ADV
HeadquartersMadison, WIMar 26, 2024FactForm ADV
Office address••• LockedMar 30, 2026FactForm ADV
Office address••• LockedMar 26, 2024FactForm ADV
Self-described typeVenture capital
“••• Locked”
Sep 23, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 22, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 21, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 20, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 19, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 18, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 17, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 16, 2026FactFirm website
Self-described typeVenture capital
“••• Locked”
Sep 12, 2026FactFirm website
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyMar 26, 2024FactForm ADV
Other funds reported1Mar 30, 2026FactForm ADV
Private funds reported2Mar 30, 2026FactForm ADV
Private funds reported2Mar 30, 2026FactForm ADV
Private funds reported2Mar 26, 2024FactForm ADV
Private fund gross assets (reported)$56.8MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$56.8MMar 30, 2026FactForm ADV
Private fund gross assets (reported)$56.8MMar 26, 2024FactForm ADV
Venture funds reported1Mar 30, 2026FactForm ADV
Venture funds reported1Mar 30, 2026FactForm ADV
Venture funds reported1Mar 26, 2024FactForm ADV
Website••• LockedMar 26, 2024FactForm ADV
Site title••• Locked
“••• Locked”
Sep 23, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 22, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 21, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 20, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 19, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 18, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 17, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 16, 2026FactFirm website
Site title••• Locked
“••• Locked”
Sep 12, 2026FactFirm website

Not yet on record: new companies, 12 mo.