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 / Threshold Management, LLC
Threshold Management, LLC
Multi-stage venture firmPalo Alto, CAthreshold.vcSEC venture capital fund adviserone firm, 3 filing advisers
This firm files as 3 advisers on threshold.vc: Threshold Ventures I Management Company, LLC, Threshold Ventures II Management Company, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
Threshold VC partners with forward-thinking founders at the intersection of innovation and market transformation, driving success at every step of the journey.
both early and growth/opportunity families, reported GAV $673M
Importance
40
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
11
low
Identity and regulatory footprint
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- 630 RAMONA ST, Palo Alto, CA, 94301adviserinfo.sec.gov
- Business phone
- 650-231-6900adviserinfo.sec.gov
- Website
- https://threshold.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
- Mar 30, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.0Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-231-6900adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
13 observed deals
Stated (the firm’s website)
- Sectors
- fintech, healthcare
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Sectors
unknown 85%Other 15%
lead rate 67%follow-on rate 0%new logos, 12 months 12
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Threshold Ventures IV, L.P. | Fund | 2022 adv first reported | Active deployment | $359M Dec 9, 2024 | 52 | $0 of $350M | Jan 27, 2022 |
| Threshold Ventures Select I, L.P. | Growth fund | 2022 adv first reported | Active deployment | $69.0M Dec 9, 2024 | 27 | $0 of $100M | Oct 14, 2021 |
| Threshold Ventures Founders, L.P. | Fund | 2022 form d first sale | Active deployment | $2.4M Dec 9, 2024 | 19 | $2.6M of $2.6M | May 4, 2022 |
| Threshold Ventures III, LP | Fund | 2019 form d first sale | Mature | $243M Dec 9, 2024 | 37 | $147M of $250M | Jul 23, 2020 |
| Threshold Ventures II | Fund | 2016 lp reported | Harvest | unknown | unknown | unknown | unknown |
| Threshold Ventures V, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $350M | Apr 22, 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
11 current, 0 departed
Emily Melton
Managing partnerManaging Partner
Emily Melton
Managing partnerManaging Member · since Jan 1, 2019
Josh Stein
Managing partnerManaging Partner
Joshua Stein
Managing partnerManaging Member · since Jan 1, 2019
Andreas Stavropoulos
PartnerPartner
Arpit Mittal
PartnerPartner
Heidi Roizen
PartnerPartner
Jen Kodner
Platform and operationsTalent Partner
Johnna Lesch
Platform and operationsCFO
Johnna Lesch
Platform and operationsCfo · since Jan 1, 2019
Investments on record
13 edges, 13 companies, 1 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
30 relationships from shared deals, counted for the whole firm
Emergence Equity Management, Inc 2 shared · recurringCausation Ventures, L.L.C. 1 shared · one timeG Squared Equity LLC 1 shared · one timeBoot64 Ventures LLC 1 shared · one time7wire Management, LLC 1 shared · one timeAnsa Capital Management, LLC 1 shared · one timeXfund Management Company, LLC 1 shared · one timeFifty Years 1 shared · one timeVenrex Investment Management LLP 1 shared · one timeHakluyt Capital Limited 1 shared · one timeSapphire Ventures, LLC 1 shared · one timeScale Venture Partners 1 shared · one timeU.S. Venture Partners 1 shared · one timeMadrona Venture Group, LLC 1 shared · one timeGlynn Capital Management, LLC 1 shared · one timeSweetwater Private Equity 1 shared · one timeBedrock Fund Management, LLC 1 shared · one timeLength LLC 1 shared · one timeFunction 1 shared · one timeAvenir 1 shared · one timeE2jdj 1 shared · one time5th Century Partners 1 shared · one timeCrane Venture Partners LLP 1 shared · one time · we led 1TIAA Ventures 1 shared · one time · we led 1NEA 1 shared · one time · they led 1 · we led 1Laconia 1 shared · one time · we led 1Salesforce Ventures 1 shared · one time · we led 1FoW Partners 1 shared · one timeCentana Growth Partners 1 shared · one time · they led 1Radical Ventures 1 shared · one time · they led 1 · we led 1
Limited partners
1 disclosed
- Los Angeles City Employees' Retirement System in Threshold Ventures II amount undisclosed lacers.org
Timeline
6 dated events
- Sep 16, 2026Company no longer listed on Threshold Management, LLC's portfolio pageRemoved from portfolio pagePortfolioInferenceCompanyVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 29, 2023Threshold Ventures Founders, L.P. first reported on Form ADV by Threshold Management, LLC (Venture Capital Fund), GAV $2,418,631Fund first reported on Form ADVFundsFactThreshold Ventures Founders, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2022Threshold Ventures Select I, L.P. first reported on Form ADV by Threshold Management, LLC (Venture Capital Fund), GAV $68,908,810Fund first reported on Form ADVFundsFactThreshold Ventures Select I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2022Threshold Ventures IV, L.P. first reported on Form ADV by Threshold Management, LLC (Venture Capital Fund), GAV $285,814,286Fund first reported on Form ADVFundsFactThreshold Ventures IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 26, 2019Threshold 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)
- Sep 26, 2019Threshold Ventures III, LP first reported on Form ADV by Threshold Management, LLC (Venture Capital Fund)Fund first reported on Form ADVFundsFactThreshold Ventures III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $673M
Evidence
46 observations from 3 sources