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 / Tsvc Management LLC
Tsvc Management LLC
Institutional venture firm · probableLos Altos, CAtsvcap.comSEC exempt reporting adviseremerging managerfundraising evidence
venture manager, reported GAV $54M across 2 vehicles
Importance
24
moderate
Active deployment
79
high
Emerging
76
high
Completeness
69
high
Freshness
100
high
Research priority
42
elevated
Identity and regulatory footprint
- Headquarters
- Los Altos, CAadviserinfo.sec.gov
- Office address
- 153 2ND STREET, SUITE 108, Los Altos, CA, 94022adviserinfo.sec.gov
- Business phone
- 408-568-1985adviserinfo.sec.gov
- Website
- HTTPS://WWW.TSVCAP.COM/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $98.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 408-568-1985adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
5 observed deals
Stated (the firm’s website)
- Sectors
- ai, deep tech, hardware, logistics, media
- Stages
- seed
- Geography
- austin
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 80%Biotechnology 20%
lead rate n/afollow-on rate n/anew logos, 12 months 5
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| TSVC Fund VI, LP | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $19.6M of $120M | Apr 13, 2026 |
| Tsvc Fund V, LP | Fund | 2021 form d first sale | Mature | $54.4M Oct 21, 2024 | 86 | $57.4M of $57.4M | Aug 21, 2023 |
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
19 current, 0 departed
Carl Showalter
Board or advisoryFund Advisor
Chuck Eesley
Board or advisoryFund Advisor
Jack Jia
Board or advisorySpecial Advisor
Wufu Chen
Board or advisoryFund Advisor
Charles Shao
General partnerGeneral Partner
Spencer Greene
General partnerGeneral Partner
Chun Xia
Managing partnerManaging Member · since May 1, 2021
Eugene Zhang
Managing partnerManaging Member · since May 1, 2021
Spencer Greene
Managing partnerManaging Member · since May 1, 2021
Xiaofeng Shao
Managing partnerManaging Member · since May 1, 2021
Wei (VIVIAN) Di
Platform and operationsDirector of Fund Operations
Charlene Li
PrincipalDirector of Strategic Partnerships
Justin Song
PrincipalPrincipal
Chiu Chau
Venture partnerVenture Partner
David Duan
Venture partnerVenture Partner
Iris Quan
Venture partnerVenture Partner
Tao Lu
Venture partnerVenture Advisor
Xisheng Zhang
Venture partnerVenture Partner
Zheng Xu
Venture partnerVenture Partner
Investments on record
5 edges, 5 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Blueprint Registry | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Bot Orange | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Exa | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Petal Surgical, Inc. | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Ridge Security | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“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
4 relationships from shared deals, counted for the whole firm
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
2 dated events
- Oct 14, 2024Tsvc Management LLC first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 14, 2024Tsvc Fund V, LP first reported on Form ADV by Tsvc Management LLC (Venture Capital Fund), GAV $53,004,139Fund first reported on Form ADVFundsFactTsvc Fund V, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $54M across 2 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $54M across 1 vehicles
Evidence
43 observations from 3 sources