DFX Intelligence
Vertex Ventures
Vertex Ventures US is an early stage VC that backs fearless founders building a smarter digital economy through B2B software.
In the firm's own words, from its website.
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
16 additional co-investors and affiliates, 7 additional investments, funds and LPs, 5 events, 2 verified contacts (1 general firm 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.
Nothing material in the last 180 days. Last change: 10 Dec 2025, 2 new companies in the last 12 months. Latest round Quantum Art Series A ($100M round) on 10 Dec 2025.
People to know
View all people- Managing Director Of Vertex Ventures Us Fund I Gp, LlcWhy: Managing directorNo route on file yet
- Managing Director Of Vertex Ventures Us Fund I Gp, LlcWhy: Managing directorNo route on file yet
Relationship network
34 connected entities2 observed roundsrounds 2025
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 Vertex Ventures: 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 Vertex Ventures
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
4 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.4 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Metafin | portfolio listing | lead | unknown | unknown | unknown | Sep 25, 2026 | Fact Company website |
| Quantum Art | Series A · Series A | participant | unknown | $100M | unknown | Dec 10, 2025 | Fact Press release |
| Apono | Series B · Series B | participant | unknown | $34.0M | unknown | Nov 18, 2025 | Fact Press release |
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 33%follow-on rate 0%new companies, 12 months 2
Team
2 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
- IN Sik Rhee · Managing Director Of Vertex Ventures Us Fund I Gp, LlcWhy this person: Managing director; Named with investment responsibility
- Jonathan Heiliger · Managing Director Of Vertex Ventures Us Fund I Gp, LlcWhy this person: Managing director; 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. 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.2 current, 0 departed
- Managing Director Of Vertex Ventures Us Fund I Gp, Llc · 1 deal attributed
- Managing Director Of Vertex Ventures Us Fund I Gp, Llc
1 departed (kept with end dates)
- IN Sik Rhee · General Partner · ? to Sep 30, 2026 Inference
Contacts
1 general firm email, 1 firm phone
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
9 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.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 | $216M Mar 21, 2026 | 19 | $170M of $200M | Sep 23, 2022 |
| Vertex Ventures Collaborators Fund III, L.P. | Fund | 2021 form d first sale | Mature | $32.2M Mar 21, 2026 | 98 | $22.8M of $30.0M | Oct 5, 2021 |
| Vvus Spv 2, LP | SPV or co-invest vehicle | 2021 form d first sale | Mature | $23.0M Mar 21, 2026 | 3 | $47.3M of $47.3M | Jul 30, 2021 |
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
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.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 · on 1 other DFX graph
Co-investors
19 counted from shared deals, for the whole firm
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
Across DFX
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs
Vertex Ventures is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
10 dated events, 89 observations from 4 sources
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 $23,925,044
- Mar 21, 2022Vertex Ventures US Fund III, L.P. first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $127,300,465
- Mar 21, 2022Vvus Spv 3, LP first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $4,645,682
- Mar 21, 2022Vvus Spv 2, LP first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $45,379,745
- Mar 1, 2021Vvus Spv 1, LP first reported on Form ADV by Vertex Ventures (Venture Capital Fund), GAV $38,058,916
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 21, 2026 · 9 private fundsShowHide
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- VERTEXVENTURES.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 21, 2026
- Private funds reported
- 9 (9 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $837Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $837M across 9 vehicles
- Sep 15, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $792M across 9 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $777M across 8 vehicles
Evidence
90 observations from 4 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 21, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 21, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 8, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 21, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 21, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 8, 2024 | Fact | Form ADV |
| First Form ADV filing | 2015-02-20 | Mar 21, 2026 | Fact | Form ADV |
| First Form ADV filing | 2015-02-20 | Mar 8, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-21 | Mar 21, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-21 | Mar 21, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-08 | Mar 8, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 21, 2026 | Fact | Form ADV |
| SEC status effective | 2015-02-20 | Mar 21, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 21, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 8, 2024 | Fact | Form ADV |
| Business phone | Mar 21, 2026 | Fact | Form ADV | |
| Business phone | Mar 8, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Headquarters | Palo Alto, CA | Mar 21, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Mar 8, 2024 | Fact | Form ADV |
| Office address | Mar 21, 2026 | Fact | Form ADV | |
| Office address | Mar 8, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 13, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 21, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 8, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 9 | Mar 21, 2026 | Fact | Form ADV |
| Private funds reported | 9 | Mar 21, 2026 | Fact | Form ADV |
| Private funds reported | 9 | Mar 8, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $837M | Mar 21, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $837M | Mar 21, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $792M | Mar 8, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 21, 2026 | Fact | Form ADV |
| Stated check (high) | $10.0M “Check sizes $500k - $10M” | Sep 30, 2026 | Fact | |
| Stated check (high) | $10.0M “Check sizes $500k - $10M” | Sep 16, 2026 | Fact | |
| Stated check (high) | $10.0M “Check sizes $500k - $10M” | Sep 13, 2026 | Fact | |
| Stated check (low) | $500,000 “Check sizes $500k - $10M” | Sep 30, 2026 | Fact | |
| Stated check (low) | $500,000 “Check sizes $500k - $10M” | Sep 16, 2026 | Fact | |
| Stated check (low) | $500,000 “Check sizes $500k - $10M” | Sep 13, 2026 | Fact | |
| Stated geography | Asia, global, india, israel, japan, new york, silicon valley, southeast “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Asia, global, india, israel, japan, new york, silicon valley, southeast “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Asia, global, india, israel, japan, new york, silicon valley, southeast “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | Enterprise software, climate, energy, devtools “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Enterprise software, climate, energy, devtools “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Enterprise software, climate, energy, devtools “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | Seed, series a, early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Seed, series a, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Seed, series a, early “stage words on the home page” | Sep 13, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 13, 2026 | Fact | ||
| Venture funds reported | 9 | Mar 21, 2026 | Fact | Form ADV |
| Venture funds reported | 9 | Mar 21, 2026 | Fact | Form ADV |
| Venture funds reported | 9 | Mar 8, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Mar 21, 2026 | Fact | Form ADV | |
| Website | Mar 8, 2024 | Fact | Form ADV | |
| Website resolved domain | Sep 30, 2026 | Fact | ||
| Website resolved domain | Sep 16, 2026 | Fact | ||
| Website resolved domain | Sep 14, 2026 | Fact | ||
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Importance
48
elevated
Active deployment
8
low
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser
Venture manager, reported GAV $837M across 9 vehicles
The inputs behind each score
- importance
- gav: 0.58 · funds: 0.75 · people: 0.24 · investments: 0.26 · co investors: 0.52
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2025-12-10
- emerging manager
- fund count: 9 · reported gav: $837M · first adv filing: 2015-02-20 · years since first filing: 11.6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
1 dated event on the change ledger, latest event first
- Adviser's first ADV filing2015-02-20source 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.