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 / Vertex Ventures
Vertex Ventures
Vertex Ventures US is an early stage VC that backs fearless founders building a smarter digital economy through B2B software.
venture manager, reported GAV $792M across 9 vehicles
Importance
39
elevated
Active deployment
11
low
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
6
low
Identity and regulatory footprint
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- 345 CALIFORNIA AVENUE, Palo Alto, CA, 94306adviserinfo.sec.gov
- Business phone
- 650-285-5224adviserinfo.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 21, 2026
- Private funds reported
- 9 (9 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $837Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- office@vvus.comvvus.compublished by the subject
- business phone
- 650-285-5224adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
4 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, climate, energy, devtools
- Stages
- seed, series a, early
- Geography
- asia, global, india, israel, japan, new york, silicon valley, southeast
- Check size
- $500,000 to $10.0M stated by the firm
- Self-described
- venture capital
“Check sizes $500k - $10M”
Observed (from deals on record)
Stage at participation
series a 50%series b 50%
Stage at first entry
series a 50%series b 50%
Sectors
unknown 75%Other Technology 25%
lead rate 0%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
9 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Vertex Ventures US Fund III, L.P. | Fund | 2021 form d first sale | Mature | $165M Mar 8, 2024 | 19 | $170M of $200M | Sep 23, 2022 |
| Vvus Spv 2, LP | SPV or co-invest vehicle | 2021 form d first sale | Mature | $34.0M Mar 8, 2024 | 3 | $47.3M of $47.3M | Jul 30, 2021 |
| Vertex Ventures Collaborators Fund III, L.P. | Fund | 2021 form d first sale | Mature | $24.2M Mar 8, 2024 | 98 | $22.8M of $30.0M | Oct 5, 2021 |
| Vvus Spv 3, LP | SPV or co-invest vehicle | 2021 form d first sale | Mature | $3.5M Mar 8, 2024 | 3 | $4.7M of $4.7M | Jul 29, 2021 |
| Vvus Spv 1, LP | SPV or co-invest vehicle | 2020 form d first sale | Mature | $16.6M Mar 8, 2024 | 12 | $38.1M of $38.1M | Nov 16, 2020 |
| Vertex Ventures Collaborators Fund II, L.P. | Fund | 2019 form d first sale | Mature | $20.7M Mar 8, 2024 | 45 | $7.3M of $10.0M | Jan 23, 2019 |
| Vertex Ventures US Fund II, L.P. | Fund | 2018 form d first sale | Harvest | $306M Mar 8, 2024 | 11 | $150M of $150M | Jun 28, 2019 |
| Vertex Ventures Collaborators Fund I, L.P. | Fund | 2015 adv first reported | Harvest | $15.0M Mar 8, 2024 | 36 | unknown | unknown |
| Vertex Ventures US Fund I, L.P. | Fund | 2014 form d first sale | Harvest | $206M Mar 8, 2024 | 9 | $151M of $151M | Dec 23, 2015 |
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
4 current, 0 departed
In Sik Rhee
General partnerGeneral Partner
IN Sik Rhee
General partnerManaging Director Of Vertex Ventures Us Fund I Gp, Llc · since Oct 1, 2014
Jonathan Heiliger
General partnerGeneral Partner
Jonathan Heiliger
General partnerManaging Director Of Vertex Ventures Us Fund I Gp, Llc · since Oct 1, 2014
Investments on record
4 edges, 4 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| investors | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Quantum Art | Series A · Series A | participant | unknown | $100M | unknown | Dec 10, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Apono | Series B · Series B | participant | unknown | $34.0M | unknown | Nov 18, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Singularity TopCo LLC | board seat | unknown · board | Jonathan Heiliger (strongly supported) | unknown | unknown | May 7, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
“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
25 relationships from shared deals, counted for the whole firm
IN Venture 1 shared · one time1984 Ventures Management, LLC 1 shared · one timeDeepwater Asset Management, LLC 1 shared · one timeAzolla Management Company, LP 1 shared · one timeSwan & Legend 1 shared · one timeViewpoint Ventures 1 shared · one timeHyde Park Venture Partners 1 shared · one timeBlue Bear Investment Group, LLC 1 shared · one timeAurora Management LLC 1 shared · one timeVesey Ventures LP 1 shared · one timeBullvc Fund Management LLC 1 shared · one timeMotley Fool Ventures 1 shared · one timeSignalfire 1 shared · one timeConstruct Capital Management, LLC 1 shared · one timeMerus Capital Management Company, LLC 1 shared · one timeHivemind Capital Partners LLC 1 shared · one timeEntree Capital 1 shared · one timeDestra Investments 1 shared · one timeHarel Insurance 1 shared · one timeBattery Management Corp. 1 shared · one timeStageone Ventures 1 shared · one timeLumir Growth Partners 1 shared · one timeDisruptive AI 1 shared · one timeSwisscom Ventures 1 shared · one timeAllegis Capital 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
10 dated events
- Mar 21, 2022Vertex Ventures Collaborators Fund III, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $23,925,044Fund first reported on Form ADVFundsFactVertex Ventures Collaborators Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 21, 2022Vertex Ventures US Fund III, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $127,300,465Fund first reported on Form ADVFundsFactVertex Ventures US Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 21, 2022Vvus Spv 3, LP first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $4,645,682Fund first reported on Form ADVFundsFactVvus Spv 3, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 21, 2022Vvus Spv 2, LP first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $45,379,745Fund first reported on Form ADVFundsFactVvus Spv 2, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2021Vvus Spv 1, LP first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $38,058,916Fund first reported on Form ADVFundsFactVvus Spv 1, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 30, 2019Vertex Ventures Collaborators Fund II, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $7,325,000Fund first reported on Form ADVFundsFactVertex Ventures Collaborators Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 30, 2019Vertex Ventures US Fund II, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $128,600,000Fund first reported on Form ADVFundsFactVertex Ventures US Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 7, 2015Vertex Ventures Collaborators Fund I, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $10,350,000Fund first reported on Form ADVFundsFactVertex Ventures Collaborators Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 20, 2015Vertex Ventures US Fund I, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $107,500,000Fund first reported on Form ADVFundsFactVertex Ventures US Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 20, 2015Vertex 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)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $792M across 9 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $777M across 8 vehicles
Evidence
63 observations from 3 sources