Azure91 Management, LLC

Institutional venture firmSEC venture capital fund adviserRaising· Palo Alto, Californiaprimevp.in

Prime Venture Partners is an early-stage venture capital firm backing visionary founders across SaaS, fintech, healthtech, and deep tech. 50+ investments, 7 exits, 1 IPO.

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

Reported fund assets
$233M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
9
Latest vintage
2024
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

12 additional team members, 16 additional co-investors and affiliates, 48 additional investments, funds and LPs, 28 verified contacts (25 professional url, 1 general firm email, 1 published business email, 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. 3 deals
    with Peak Xv Partners Operations

    Invests most often alongside Peak Xv Partners Operations (3 shared deals).

    pair last observed on record 1 Oct 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
  • Founder & Managing Partner
    Why: Managing partner: runs the firm
    Profile
  • Founder & Managing Partner
    Why: Managing partner: runs the firm
    Profile
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

88 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.

Reading the network
  • 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 Azure91 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 Azure91 Management, LLC

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

Investing

51 companies on record, 0 new in 12 months

Investments on record

51 companies, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Affableportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Aurmportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Basilportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

51 observed deals
Stated (the firm’s website)
Sectors
ai, healthcare, industrial
Stages
early
Geography
india
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
Healthcare services (1)
lead rate no observed dealsfollow-on rate 0%new companies, 12 months 0

Team

15 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Sanjay Swamy · Founder & Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30
    LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
  • Shripati Acharya · Founder & Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30
    LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
  • Rajesh Unmesh Mashruwala · Managing 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. 2 with a route on file. 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

1 general firm email, 1 published business email, 1 firm phone, 25 professional url

1 general firm email, 1 published business email, 1 firm phone, 25 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

3 vehicles, 0 LPs disclosed

Funds and vehicles

3 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Seabright V, L.P.Fund2024 form d first saleFundraising$101M
Mar 25, 2026
17$101M
of $125M
Jan 5, 2026
Seabright Sfo2, L.P.Fund2023 adv first reportedActive deployment$13.2M
Mar 25, 2026
4$0
of $60.0M
Feb 28, 2023
Seabright IV, L.PFund2021 form d first saleMature$119M
Mar 25, 2026
48$119M
of $120M
Jul 25, 2022

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

19 co-investors

Co-investors

19 counted from shared deals, for the whole firm

Evidence and history

5 dated events, 72 observations from 3 sources

Timeline

5 dated events
  1. Mar 25, 2026
    Seabright V, L.P. first reported on Form ADV by Azure91 Management, LLC (Venture Capital Fund), GAV $101,132,200
    Fund first reported on Form ADVFundsInferenceSeabright V, L.P.Form ADV
  2. Dec 26, 2024
    Azure91 Management, LLC filed the first Form D for Seabright V, L.P. (fund 5), its next fund after Seabright IV, L.P (vintage 2021); offering $125.0M
    Fund next filedderived signalInferenceSeabright V, L.P.
  3. Mar 30, 2023
    Seabright Sfo2, L.P. first reported on Form ADV by Azure91 Management, LLC (Venture Capital Fund), GAV $12,500,000
    Fund first reported on Form ADVFundsFactSeabright Sfo2, L.P.Form ADV
  4. Apr 21, 2021
    Azure91 Management, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
  5. Apr 21, 2021
    Seabright IV, L.P first reported on Form ADV by Azure91 Management, LLC (Venture Capital Fund), GAV $53,000,000
    Fund first reported on Form ADVFundsFactSeabright IV, L.PForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 25, 2026 · 3 private fundsShow
Headquarters
Palo Alto, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
primevp.in
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 25, 2026
Private funds reported
3 (3 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$233Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $233M across 3 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $130M across 3 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $130M across 2 vehicles

Evidence

73 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 25, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 25, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2021-04-21Mar 25, 2026FactForm ADV
First Form ADV filing2021-04-21Mar 28, 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 filing2026-03-25Mar 25, 2026FactForm ADV
Latest Form ADV filing2026-03-25Mar 25, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 25, 2026FactForm ADV
SEC status effective2021-04-21Mar 25, 2026FactForm ADV
Venture share of reported funds1Mar 25, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 25, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 12, 2026Fact
HeadquartersPalo Alto, CAMar 25, 2026FactForm ADV
HeadquartersPalo Alto, CAMar 28, 2024FactForm ADV
Office addressMar 25, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Fact
Self-described typeVenture capitalSep 16, 2026Fact
Self-described typeVenture capitalSep 12, 2026Fact
Legal formLimited Liability CompanyMar 25, 2026FactForm ADV
Legal formLimited Liability CompanyMar 28, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 12, 2026Fact
Private funds reported3Mar 25, 2026FactForm ADV
Private funds reported3Mar 25, 2026FactForm ADV
Private funds reported2Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$233MMar 25, 2026FactForm ADV
Private fund gross assets (reported)$233MMar 25, 2026FactForm ADV
Private fund gross assets (reported)$130MMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Sep 26, 2026FactForm ADV
Stated geographyindia
“geography words on the home page”
Sep 30, 2026Fact
Stated geographyindia
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyindia
“geography words on the home page”
Sep 12, 2026Fact
Stated sectorsAI, healthcare, industrial
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, healthcare, industrial
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, healthcare, industrial
“sector words on the home page”
Sep 12, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 30, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesearly
“stage words on the home page”
Sep 12, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported3Mar 25, 2026FactForm ADV
Venture funds reported3Mar 25, 2026FactForm ADV
Venture funds reported2Mar 28, 2024FactForm ADV
WebsiteMar 25, 2026FactForm ADV
WebsiteMar 28, 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
44
elevated
Active deployment
60
high
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $233M across 3 vehicles

The inputs behind each score
importance
gav: 0.41 · funds: 0.25 · people: 0.36 · investments: 0.63 · co investors: 0.52
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: 3 · reported gav: $233M · first adv filing: 2021-04-21 · years since first filing: 5.4

Fits, record history and connections

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

Fits

2 scored matches, best firstas of
  • score 34confidence 90%
    Why: sector fit; geography fit; activity
  • score 34confidence 90%
    Why: sector fit; geography fit; activity

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
    2021-04-21source 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.