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 / KDT Ventures
KDT Ventures
KdT Ventures is the standard for early-stage frontier science investing. Chemistry and biology are the software of our physical world; science is the source code of reality, from atoms to algorithms.
venture manager, reported GAV $202M across 4 vehicles
Importance
34
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 530-363-5970adviserinfo.sec.gov
- Website
- https://www.kdtvc.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
- Mar 25, 2026
- Private funds reported
- 10 (10 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $285Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 530-363-5970adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
26 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- pre seed, seed, series a, early
- Geography
- not stated
- 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
unknown 92%Other 4%Other Health Care 4%
lead rate n/afollow-on rate n/anew logos, 12 months 26
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| KDT Ventures Fund I, LP | Fund | 2017 form d first sale | Harvest | $65.0M Mar 29, 2024 | 99 | $3.5M of $30.0M | Sep 18, 2017 |
| KDT Ventures Fund III, LP | Fund | unknown | Unknown | $80.0M Mar 29, 2024 | 82 | $0 of $80.0M | Jan 18, 2022 |
| KDT Ventures Fund II, LP | Fund | unknown | Unknown | $57.0M Mar 29, 2024 | 73 | $0 | Jan 16, 2020 |
| KdT Ventures Fund IV, LP | Fund | unknown | Unknown | unknown | unknown | $0 | Jun 6, 2024 |
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
10 current, 0 departed
Blair Willette
AssociateAssociate
Andrew Mcclary
Managing partnerManaging Member · since Jun 1, 2017
Cain Mcclary
Managing partnerManaging Partner & Founder
Mack Healy
Managing partnerManaging Member · since Jan 1, 2020
Mack Healy
Managing partnerManaging Partner
Phil Grayeski
Managing partnerManaging Partner
Charlee Venable
Platform and operationsOperations Manager
Kaitlyn Davis
Platform and operationsHead of Operations
Yusuf Uddin
Platform and operationsHead of Talent
Ketan Yerneni
PrincipalPrincipal
Investments on record
26 edges, 24 companies, 0 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
12 relationships from shared deals, counted for the whole firm
Breakout Management, LLC 3 shared · recurringPillar Companies Management, LLC 1 shared · one timeCompound Advisors, LLC 1 shared · one timeVoyager Partners Management LLC 1 shared · one timeAera Funds Management Pte. Ltd. 1 shared · one timeCivilization Ventures Management, LLC 1 shared · one timeRule 1 Management LLC 1 shared · one timeHummingbird Ventures V US GP LLC 1 shared · one timeNext Legacy Management, LLC 1 shared · one timeShine Capital 1 shared · one timeDelos Advisors, Inc. 1 shared · one timeClean Energy Venture Management, 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
4 dated events
- Aug 19, 2022KDT Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 19, 2022KDT Ventures Fund II, LP first reported on Form ADV by KDT Ventures (Venture Capital Fund), GAV $60,000,000Fund first reported on Form ADVFundsFactKDT Ventures Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 19, 2022KDT Ventures Fund I, LP first reported on Form ADV by KDT Ventures (Venture Capital Fund), GAV $60,000,000Fund first reported on Form ADVFundsFactKDT Ventures Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 19, 2022KDT Ventures Fund III, LP first reported on Form ADV by KDT Ventures (Venture Capital Fund), GAV $80,000,000Fund first reported on Form ADVFundsFactKDT Ventures Fund III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $202M across 4 vehicles
Evidence
38 observations from 3 sources