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 / South Park Commons Management
South Park Commons Management
Seed fund managerSan Francisco, CAsouthparkcommons.comSEC venture capital fund adviserfundraising evidence
Get from -1 to 0. SPC is community for the most talented technologists, builders, and domain-experts figuring out what
name or self-description says seed
Importance
40
elevated
Active deployment
90
high
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
28
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 380 BRANNAN ST, San Francisco, CA, 94107adviserinfo.sec.gov
- Business phone
- 650-918-4934adviserinfo.sec.gov
- 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 30, 2026
- Private funds reported
- 9 (9 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-918-4934adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
- Sectors
- ai, fintech, healthcare, biotech, consumer, energy, space
- Stages
- early
- Geography
- global, india, new york
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 79%Other Technology 21%
lead rate n/afollow-on rate n/anew logos, 12 months 33
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| South Park Commons Fund III, L.P. | Fund | 2023 form d first sale | Active deployment | unknown | unknown | $62.1M of $62.1M | May 8, 2025 |
| South Park Commons Fund I, LP | Fund | 2018 form d first sale | Harvest | $30.5M Feb 7, 2024 | 8 | $52.2M | Mar 25, 2019 |
| South Park Commons Opportunities Fund, L.P. | Opportunity fund | unknown | Fundraising | unknown | unknown | $0 of $200M | Jun 9, 2026 |
| South Park Commons Fund IV, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $500M | Dec 22, 2025 |
| South Park Commons India Fund, LLC | Fund | unknown | Unknown | unknown | unknown | $0 of $40.0M | Jan 3, 2025 |
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, 0 departed
Ruchi Sanghvi
Managing partnerManaging Member · since Feb 1, 2018
Investments on record
33 edges, 33 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
40 relationships from shared deals, counted for the whole firm
Institutional Venture 3 shared · recurringSapphire Ventures, LLC 3 shared · recurring137 Ventures Management, LLC 3 shared · recurringPositive Sum Advisors LLC 2 shared · recurringCompound Advisors, LLC 2 shared · recurringScribble Ventures Management, LLC 2 shared · recurringLUX Capital Management, LLC 2 shared · recurringAccel 2 shared · recurringHOF Capital 1 shared · one timeCongruent Management, LLC 1 shared · one timeStandard Crypto Management LP 1 shared · one timeHaun Ventures Management LP 1 shared · one timeAlpha Partners Management, LLC 1 shared · one timeAlkeon Capital Management, LLC 1 shared · one timeActivate Capital Partners 1 shared · one timeAIR Street Capital II LP 1 shared · one timePWV Capital Management LLC 1 shared · one timeAmplify Partners 1 shared · one timeJuniper Ventures Management, LLC 1 shared · one timeHorizon Founders Capital, LLC 1 shared · one timeDenver Angels 1 shared · one timeParadigm Operations LP 1 shared · one timeMenlo Ventures 1 shared · one timeNext Legacy Management, LLC 1 shared · one timeE14 Management, LLC 1 shared · one timeAI 1 shared · one timeSpace Angels 1 shared · one timeK5 1 shared · one timeCNK Equity Partners I, LLC 1 shared · one timeBling Capital LLC 1 shared · one timeClean Energy Venture Management, LLC 1 shared · one timeMythos Ventures Management, LLC 1 shared · one timeHash3 LLC 1 shared · one timeBenchmark 1 shared · one timeChemistry Ventures Management, LLC 1 shared · one timeCRV, LLC 1 shared · one timeY Combinator 1 shared · one timeUnion Square Ventures 1 shared · one timeAndreessen Horowitz 1 shared · one timeKhosla Ventures, 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
8 dated events
- Sep 16, 2026Lighter no longer listed on South Park Commons Management's portfolio pageRemoved from portfolio pagePortfolioInferenceLighterVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Boom Supersonic no longer listed on South Park Commons Management's portfolio pageRemoved from portfolio pagePortfolioInferenceBoom SupersonicVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Baseten no longer listed on South Park Commons Management's portfolio pageRemoved from portfolio pagePortfolioInferenceBasetenVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Cognition Corp no longer listed on South Park Commons Management's portfolio pageRemoved from portfolio pagePortfolioInferenceCognition CorpVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Socket Unicorn no longer listed on South Park Commons Management's portfolio pageRemoved from portfolio pagePortfolioInferenceSocket UnicornVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 13, 2026South Park Commons Management: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- May 21, 2018South Park Commons Management 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)
- May 21, 2018South Park Commons Fund I, LP first reported on Form ADV by South Park Commons Management (Venture Capital Fund), GAV $30,500,000Fund first reported on Form ADVFundsFactSouth Park Commons Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 13, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $30.5M across 5 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $30.5M across 1 vehicles
Evidence
54 observations from 3 sources