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Shrug, LLC

Multi-stage venture firmSEC venture capital fund adviserRaisingshrug.vc

Multi-stage venture firm, reporting $130M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$130M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
1
Latest vintage
2024
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (89)Team (1)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

37 additional co-investors and affiliates, 91 additional investments, funds and LPs, 5 events, 1 verified contact (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.

What matters now

  1. 1 vehicle
    on Form D, 18 months

    $38.6M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 4 companies
    portfolio raising

    4 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 30 Sep 2026 ($251M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  3. 7 deals
    with Scribble Ventures Management

    Invests most often alongside Scribble Ventures Management (7 shared deals) and LUX Capital Management (5 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordCo-investors →

People to know

View all people
  • Niv Dror
    Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

138 connected entities

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

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 Shrug, LLC: 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 Shrug, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

89 companies on record, 0 new in 12 months
Investments on record
89 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Acquireportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Adquick, Inc.portfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Aetherportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
89 observed deals
Stated (the firm’s website)
Sectors
consumer, deep tech, space, media
Stages
seed, series a, early
Geography
boston, global
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (5)Business services (1)
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

1 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
  • Niv Dror · Managing Member
    Why this person: 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
1 current, 0 departed
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

8 vehicles, 0 LPs disclosed
Funds and vehicles
8 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Shrug Opportunities & Natural Capital LPOpportunity fund2024 form d first saleFundraisingunknownunknown$38.6M
of $40.0M
Jun 3, 2026
Shrug Opportunities I, LPOpportunity fund2023 form d first saleActive deployment$578,943
Apr 12, 2026
8$586,000
of $586,000
Jul 19, 2023
Shrug Opportunities II, LPOpportunity fund2023 form d first saleActive deployment$311,989
Apr 12, 2026
10$317,752
of $317,752
Jun 27, 2023
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
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

105 co-investors
Co-investors
105 counted from shared deals, for the whole firm

Evidence and history

10 dated events, 60 observations from 3 sources
Timeline
10 dated events
  1. Apr 12, 2026
    Shrug Opportunities II - Feastables, LP first reported on Form ADV by Shrug, LLC (Venture Capital Fund), GAV $9,999,974
    Fund first reported on Form ADVFundsInferenceSHRUG OPPORTUNITIES II - Feastables, LPForm ADV
  2. Apr 12, 2026
    SPV Fund I, a Series of Shrug Capital X, LP first reported on Form ADV by Shrug, LLC (Venture Capital Fund), GAV $2,383,715
    Fund first reported on Form ADVFundsInferenceSPV Fund I, a Series of Shrug Capital X, LPForm ADV
  3. Apr 12, 2026
    W Labs, a Series of Shrug Opportunities, LP first reported on Form ADV by Shrug, LLC (Venture Capital Fund), GAV $249,999
    Fund first reported on Form ADVFundsInferenceW Labs, a series of Shrug Opportunities, LPForm ADV
  4. Apr 12, 2026
    NI Fund, a Series of Shrug Opportunities, LP first reported on Form ADV by Shrug, LLC (Venture Capital Fund), GAV $902,578
    Fund first reported on Form ADVFundsInferenceNI Fund, a Series of Shrug Opportunities, LPForm ADV
  5. Apr 12, 2026
    K Fund, a Series of Shrug Opportunities, LP first reported on Form ADV by Shrug, LLC (Venture Capital Fund), GAV $740,631
    Fund first reported on Form ADVFundsInferenceK Fund, a Series of Shrug Opportunities, LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 12, 2026 · 11 private fundsShow
Headquarters
unknown
Office address
unknown
Business phone
unknownadviserinfo.sec.gov
Website
shrug.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
Apr 12, 2026
Private funds reported
11 (11 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$142Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $130M
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $112M
  3. Sep 12, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $63M
Evidence
60 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedApr 12, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserApr 12, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 29, 2024FactForm ADV
SEC adviser typeExempt reporting adviserApr 12, 2026FactForm ADV
SEC adviser typeExempt reporting adviserApr 12, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 29, 2024FactForm ADV
First Form ADV filing2021-09-14Apr 12, 2026FactForm ADV
First Form ADV filing2021-09-14Mar 29, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-04-12Apr 12, 2026FactForm ADV
Latest Form ADV filing2026-04-12Apr 12, 2026FactForm ADV
Latest Form ADV filing2024-03-29Mar 29, 2024FactForm ADV
SEC statusERA - ActiveApr 12, 2026FactForm ADV
SEC status effective2021-09-14Apr 12, 2026FactForm ADV
Venture share of reported funds1Apr 12, 2026FactForm ADV
Venture share of reported funds1Mar 29, 2024FactForm ADV
Business phoneApr 12, 2026FactForm ADV
Business phoneMar 29, 2024FactForm ADV
Self-described typeVenture capitalOct 1, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 13, 2026Factno URL
Legal formLimited Liability CompanyApr 12, 2026FactForm ADV
Legal formLimited Liability CompanyMar 29, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported11Apr 12, 2026FactForm ADV
Private funds reported11Apr 12, 2026FactForm ADV
Private funds reported6Mar 29, 2024FactForm ADV
Private fund gross assets (reported)$142MApr 12, 2026FactForm ADV
Private fund gross assets (reported)$142MApr 12, 2026FactForm ADV
Private fund gross assets (reported)$112MMar 29, 2024FactForm ADV
Schedule a diffsadiff-1Sep 27, 2026FactForm ADV
Stated geographyBoston, global
“geography words on the home page”
Oct 1, 2026Factno URL
Stated geographyBoston, global
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyBoston, global
“geography words on the home page”
Sep 13, 2026Factno URL
Stated sectorsConsumer, deep tech, space, media
“sector words on the home page”
Oct 1, 2026Factno URL
Stated sectorsConsumer, deep tech, space, media
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsConsumer, deep tech, space, media
“sector words on the home page”
Sep 13, 2026Factno URL
Stated stagesSeed, series a, early
“stage words on the home page”
Oct 1, 2026Factno URL
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 13, 2026Factno URL
Venture funds reported11Apr 12, 2026FactForm ADV
Venture funds reported11Apr 12, 2026FactForm ADV
Venture funds reported6Mar 29, 2024FactForm ADV
WebsiteApr 12, 2026FactForm ADV
WebsiteMar 29, 2024FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
49
elevated
Active deployment
60
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $130M

The inputs behind each score
importance
gav: 0.34 · funds: 0.67 · people: 0.04 · investments: 0.72 · co investors: 0.82
active deployment
investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 8 · reported gav: $130M · first adv filing: 2021-09-14 · years since first filing: 5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

6 scored matches, best firstas of
  • score 36confidence 90%
    Why: stage fit; activity; cap table
  • score 24confidence 80%
    Why: activity; cap table
  • score 24confidence 80%
    Why: activity; cap table

+3 more scored matches

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.