NSV Management LLC

Multi-stage venture firmSEC venture capital fund adviserRaising· Greenwich, ConnecticutNEWSCIENCEVENTURES.COM

Multi-stage venture firm, based in Greenwich, Connecticut, reporting $1.1B of fund assets on its funds' Form ADV filings.

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

Reported fund assets
$1.1B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
6
Latest vintage
2025
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (31)Team (12)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

11 additional team members, 12 additional co-investors and affiliates, 183 additional investments, funds and LPs, 75 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. 1 company
    new in 12 months

    1 new company in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 departure
    people, 12 months

    A team member departed 45 days ago.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam →
  3. 4 deals
    with Khosla Ventures

    Invests most often alongside Khosla Ventures (4 shared deals) and S3 Ventures (3 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
  • Somu Subramaniam
    Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Somasundaram Subramaniam
    Member, Managing Director
    Why: Managing director
    No route on file yet
  • Raju Mohan
    Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

216 connected entities23 observed rounds10 repeat counterparties4 dated rounds shown here, 2016 to 2025

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.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

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 NSV Management 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 NSV Management 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
31 companies, 24 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Antevia Networksportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Avari Wirelessportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
biomodalportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
54 observed deals
Stated (the firm’s website)
Sectors
enterprise software, biotech, marketplaces, climate, energy, hardware, space, defense, devtools, logistics, industrial
Stages
growth
Geography
canada, europe, global
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
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (2)Life sciences (2)
lead rate 0%follow-on rate 80%new companies, 12 months 1

Team

12 current, 5 departed
Decision makers
who to call first, and why; then everyone else by function
  • Somu Subramaniam · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Somasundaram Subramaniam · Member, Managing Director
    Why this person: Managing director; Named with investment responsibility
  • Raju Mohan · Member
    Why this person: 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
12 current, 5 departed
5 departed (kept with end dates)
  • Grace Colon · Member, Partner · Jan 1, 2014 to Mar 30, 2017 Inference
  • John L Cecil · Member, Partner · Dec 1, 2014 to Mar 27, 2020 Inference
  • Lloyd Eric Appel · Member, Partner · Sep 1, 2017 to Mar 27, 2020 Inference
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

116 vehicles, 0 LPs disclosed
Funds and vehicles
116 reported, 42 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
ParaFi Venture Fund III LPFund2025 form d first saleFundraising$74.8M
Sep 18, 2026
88$52.7M
of $100M
Oct 7, 2025
As-1 2025 Semiconductor BundleFund2025 name yearEarly deployment$1.5M
Aug 17, 2026
5unknownunknown
NSV Master Limited Partnership II, L.P.Feeder or parallel2025 form d first saleFundraisingunknownunknown$1.7MJun 25, 2025
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

15 co-investors
Co-investors
15 counted from shared deals, for the whole firm

Evidence and history

80 dated events, 83 observations from 3 sources
Timeline
80 dated events
  1. Aug 17, 2026
    As-1 2025 Semiconductor Bundle first reported on Form ADV by NSV Management LLC (Venture Capital Fund), GAV $1,523,332
    Fund first reported on Form ADVFundsInferenceAs-1 2025 Semiconductor BundleForm ADV
  2. Aug 17, 2026
    SST Ser B; Bl2012; Bl2014 first reported on Form ADV by NSV Management LLC (Venture Capital Fund), GAV $3,504,075
    Fund first reported on Form ADVFundsInferenceSST Ser B; Bl2012; Bl2014Form ADV
  3. Aug 17, 2026
    Jonny He (Controller, Member) no longer on Schedule A of NSV Management LLC
    Person leftPeopleInferenceJonny HeForm ADV
  4. Oct 1, 2025
    Matthew D Crotty joined Schedule A of NSV Management LLC as Controller, Member
    Person joinedPeopleFactMatthew D CrottyForm ADV
  5. Aug 1, 2024
    NSV Master Limited Partnership II, LP - Ar-1 2023 Semiconductor Bundle first reported on Form ADV by NSV Management LLC (Venture Capital Fund), GAV $2,708,366
    Fund first reported on Form ADVFundsFactNSV Master Limited Partnership II, LP - Ar-1 2023 Semiconductor BundleForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Aug 17, 2026 · 76 private fundsShow
Headquarters
Greenwich, CTadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
NEWSCIENCEVENTURES.COM
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
Aug 17, 2026
Private funds reported
76 (76 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$990Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Subramaniam 2009 Family Trust (Member), owns 10% to 25%
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.1B
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.2B
  3. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.1B
Evidence
83 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedAug 17, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserAug 17, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserAug 1, 2024FactForm ADV
SEC adviser typeExempt reporting adviserAug 17, 2026FactForm ADV
SEC adviser typeExempt reporting adviserAug 17, 2026FactForm ADV
SEC adviser typeExempt reporting adviserAug 1, 2024FactForm ADV
First Form ADV filing2012-03-30Aug 17, 2026FactForm ADV
First Form ADV filing2012-03-30Aug 1, 2024FactForm 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 filing2026-08-17Aug 17, 2026FactForm ADV
Latest Form ADV filing2026-08-17Aug 17, 2026FactForm ADV
Latest Form ADV filing2024-08-01Aug 1, 2024FactForm ADV
SEC statusERA - ActiveAug 17, 2026FactForm ADV
SEC status effective2012-03-30Aug 17, 2026FactForm ADV
Venture share of reported funds1Aug 17, 2026FactForm ADV
Venture share of reported funds1Aug 1, 2024FactForm ADV
Business phoneAug 17, 2026FactForm ADV
Business phoneAug 1, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
HeadquartersGreenwich, CTAug 17, 2026FactForm ADV
HeadquartersGreenwich, CTAug 1, 2024FactForm ADV
Office addressAug 17, 2026FactForm ADV
Office addressAug 1, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 12, 2026Factno URL
Legal formLimited Liability CompanyAug 17, 2026FactForm ADV
Legal formLimited Liability CompanyAug 1, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 12, 2026Factno URL
Private funds reported76Aug 17, 2026FactForm ADV
Private funds reported76Aug 17, 2026FactForm ADV
Private funds reported112Aug 1, 2024FactForm ADV
Private fund gross assets (reported)$990MAug 17, 2026FactForm ADV
Private fund gross assets (reported)$990MAug 17, 2026FactForm ADV
Private fund gross assets (reported)$1.2BAug 1, 2024FactForm ADV
Schedule a diffsadiff-1Aug 17, 2026FactForm ADV
Stated geographyCanada, europe, global
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyCanada, europe, global
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyEurope, global
“geography words on the home page”
Sep 12, 2026Factno URL
Stated sectorsEnterprise software, biotech, marketplaces, climate, energy, hardware, space, defense, devtools, logistics, industrial
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsEnterprise software, biotech, marketplaces, climate, energy, hardware, space, defense, logistics, industrial, quantum
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsEnterprise software, biotech, climate, energy, hardware, space, defense, logistics, industrial, quantum
“sector words on the home page”
Sep 12, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 30, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 12, 2026Factno URL
Venture funds reported76Aug 17, 2026FactForm ADV
Venture funds reported76Aug 17, 2026FactForm ADV
Venture funds reported112Aug 1, 2024FactForm ADV
WebsiteAug 17, 2026FactForm ADV
WebsiteAug 1, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 12, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
64
high
Active deployment
71
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $1.1B

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 0.48 · investments: 0.65 · co investors: 0.48
active deployment
investments 12m: 0.25 · fund raising 18m: 1 · people joined 12m: 0.33 · vintage within 3y: 1 · latest investment at: 2026-07-16
emerging manager
fund count: 159 · reported gav: $1.1B · first adv filing: 2012-03-30 · years since first filing: 14.5

Fits, record history and connections

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

Fits

5 scored matches, best firstas of
  • score 38.4confidence 100%
    Why: sector fit; activity; analogous; cap table
    Watch: adjacent portfolio
  • score 38.4confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 25.6confidence 80%
    Why: activity; cap table

+2 more scored matches

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

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-30source 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.