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 / Xplorer Capital Management, LLC

Xplorer Capital Management, LLC

Multi-stage venture firmUSxplorer.vcSEC venture capital fund adviser

Xplorer invests in talented entrepreneurs and disruptive technologies that transform industries on a global scale. We like to form long-term partnerships and we work hard to support our portfolio companies by leveraging our experience and connections.

both early and growth/opportunity families, reported GAV $330M

Importance
32
moderate
Active deployment
25
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
12
low
Identity and regulatory footprint
Headquarters
unknown
Office address
unknown
Business phone
650-438-1500adviserinfo.sec.gov
Website
HTTP://WWW.XPLORER.VC
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
Jul 29, 2026
Private funds reported
10 (10 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$247Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
650-438-1500adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
fintech, energy, hardware, robotics, space
Stages
seed, series a, series b
Geography
global
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 n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
12 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Xplorer Capital Fund V, L.P.Fund2024 adv first reportedEarly deployment$47.3M
May 17, 2024
64$41.7MMay 17, 2024
XC Cargomatic - C, LLCFund2023 adv first reportedActive deployment$13.6M
May 17, 2024
36unknownunknown
Xplorer Capital Continuation Fund I, LLCContinuation vehicle2023 form d first saleActive deployment$6.8M
May 17, 2024
4$3.1MDec 27, 2023
XC Fiscalnote - C, LLCFund2023 form d first saleActive deployment$360,775
May 17, 2024
1$905,000
of $905,000
Dec 27, 2023
Xplorer Capital Growth I, LLCGrowth fund2022 adv first reportedActive deployment$45.5M
May 17, 2024
3unknownunknown
XC Cargomatic - B, LLCFund2022 adv first reportedActive deployment$35.5M
May 17, 2024
41unknownunknown
XC Fiscalnote - B, LLCFund2022 adv first reportedActive deployment$2.6M
May 17, 2024
19unknownunknown
XC Cargomatic - a, LLCFund2020 form d first saleMature$10.1M
May 17, 2024
8$2.8MNov 2, 2020
XC Saltmine - a, LLCFund2020 form d first saleMature$500,000
May 17, 2024
6$510,000Apr 26, 2021
XC Fiscalnote - a, LLCFund2020 form d first saleMature$7,521
May 17, 2024
15$6.5M
of $6.5M
Nov 30, 2020
Xplorer Capital Fund IV, L.P.Fund2017 form d first saleHarvest$100.0M
May 17, 2024
76$25.9MJan 16, 2018
Xplorer Capital Fund III, L.P.FundunknownUnknown$67.3M
May 17, 2024
28unknownunknown
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
1 current, 1 departed
Keith Robert Nilsson
Member And Manager Of Xplorer Capital Management, Llc · since Jun 1, 2017
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
1 departed (kept with end dates)
  • Jonathan Mcqueen · Member And Manager Of Xplorer Capital Fund Iv Gp, Llc · Jan 1, 2020 to Mar 31, 2022 Inference
Investments on record
0 edges, 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.
Co-investors
0 relationships from shared deals, counted 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.
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
15 dated events
  1. Mar 29, 2024
    Xplorer Capital Fund V, L.P. first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $47,255,755
    Fund first reported on Form ADVFundsFactXplorer Capital Fund V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Mar 29, 2024
    Xplorer Capital Continuation Fund I, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $6,830,298
    Fund first reported on Form ADVFundsFactXplorer Capital Continuation Fund I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 29, 2024
    XC Fiscalnote - C, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $360,775
    Fund first reported on Form ADVFundsFactXC Fiscalnote - C, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Mar 31, 2023
    XC Cargomatic - C, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $16,750,730
    Fund first reported on Form ADVFundsFactXC Cargomatic - C, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Mar 31, 2022
    XC Fiscalnote - B, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $15,000,000
    Fund first reported on Form ADVFundsFactXC Fiscalnote - B, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Mar 31, 2022
    Jonathan Mcqueen (Member And Manager Of Xplorer Capital Fund Iv Gp, Llc) no longer on Schedule A of Xplorer Capital Management, LLC
    Person leftPeopleInferenceJonathan McqueenSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 31, 2022
    Xplorer Capital Growth I, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $55,244,001
    Fund first reported on Form ADVFundsFactXplorer Capital Growth I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Mar 31, 2022
    XC Cargomatic - B, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $40,146,099
    Fund first reported on Form ADVFundsFactXC Cargomatic - B, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  9. Mar 26, 2021
    Xplorer Capital Fund IV, L.P. first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $73,021,324
    Fund first reported on Form ADVFundsFactXplorer Capital Fund IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Mar 26, 2021
    XC Fiscalnote - a, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $31,109,965
    Fund first reported on Form ADVFundsFactXC Fiscalnote - a, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Mar 26, 2021
    XC Cargomatic - a, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $3,136,960
    Fund first reported on Form ADVFundsFactXC Cargomatic - a, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  12. Mar 26, 2021
    XC Saltmine - a, LLC first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $551,000
    Fund first reported on Form ADVFundsFactXC Saltmine - a, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  13. Dec 1, 2018
    Jonathan Mcqueen joined Schedule A of Xplorer Capital Management, LLC as Member Of Xplorer Capital Management, Llc
    Person joinedPeopleFactJonathan McqueenSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  14. Mar 26, 2018
    Xplorer Capital Fund III, L.P. first reported on Form ADV by Xplorer Capital Management, LLC (Venture Capital Fund), GAV $35,203,427
    Fund first reported on Form ADVFundsFactXplorer Capital Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  15. Mar 26, 2018
    Xplorer Capital Management, LLC 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)
Classification history
  1. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%, cls-1)
    both early and growth/opportunity families, reported GAV $330M
  2. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%, cls-1)
    both early and growth/opportunity families, reported GAV $262M
Evidence
43 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMay 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserMay 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2018-03-26May 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-07-29Jul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-05-17May 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2020-06-12Jul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1May 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone650-438-1500Jul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone650-438-1500May 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionXplorer invests in talented entrepreneurs and disruptive technologies that transform industries on a global scale. We like to form long-term partnerships and we work hard to support our portfolio companies by leveraging our experience and connections.
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionXplorer invests in talented entrepreneurs and disruptive technologies that transform industries on a global scale. We like to form long-term partnerships and we work hard to support our portfolio companies by leveraging our experience and connections.
“meta description”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability CompanyJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyMay 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private funds reported10Jul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported12May 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$247MJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$330MMay 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographyglobal
“geography words on the home page”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsfintech,energy,hardware,robotics,space
“sector words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsfintech,energy,hardware,robotics,space
“sector words on the home page”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseed,series_a,series_b
“stage words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagesseed,series_a,series_b
“stage words on the home page”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported10Jul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported12May 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.XPLORER.VCJul 29, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
WebsiteHTTP://WWW.XPLORER.VCMay 17, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleXplorer Capital | Transforming Traditional Industries
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleXplorer Capital | Transforming Traditional Industries
“title tag”
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)