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 / HVC Management Co., LLC
HVC Management Co., LLC
Seed fund managerSan Mateo, CAhealthvelocitycap.comSEC venture capital fund adviserpart of Health Velocity Capital
One of 2 advisers that share healthvelocitycap.com; the firm is Health Velocity Capital. Health Velocity Mgmt 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.
seed vehicles only
Importance
9
low
Active deployment
0
low
Emerging
0
low
Completeness
50
elevated
Freshness
99
high
Research priority
2
low
Identity and regulatory footprint
- Headquarters
- San Mateo, CAadviserinfo.sec.gov
- Office address
- 1300 S. EL CAMINO REAL, SUITE 500, San Mateo, CA, 94402adviserinfo.sec.gov
- Business phone
- 6506875000adviserinfo.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 24, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $11.6Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 6506875000adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- 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: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Health Velocity Capital Onshift Special Situation Spv, LP | SPV or co-invest vehicle | 2018 form d first sale | Harvest | $4.7M Mar 28, 2024 | 8 | $6.1M of $6.1M | Sep 27, 2018 |
| Health Velocity Capital B-Spv, L.P. | SPV or co-invest vehicle | 2016 form d first sale | Harvest | $13.4M Mar 28, 2024 | 8 | $6.3M of $7.1M | Apr 7, 2016 |
| Health Velocity Capital Ivy-Spv, LLC | SPV or co-invest vehicle | unknown | Unknown | $9.9M Mar 28, 2024 | 4 | unknown | unknown |
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
1 current, 0 departed
Martin R Felsenthal
Managing partnerManaging Member · since Mar 1, 2016
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
7 relationships from shared deals, counted for the whole firm
TMV 1 shared · one time · we led 1Starfire Ventures 1 shared · one time · we led 1Lightbank 1 shared · one time · they led 1 · we led 1Switch Venture Management, LLC 1 shared · one time · we led 1Lakehouse Ventures, LLC 1 shared · one time · we led 1Greymatter Capital 1 shared · one time · we led 1National Venture Development 1 shared · one time · we led 1
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
4 dated events
- Mar 29, 2019HVC Management Co., 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)
- Mar 29, 2019Health Velocity Capital Ivy-Spv, LLC first reported on Form ADV by HVC Management Co., LLC (Venture Capital Fund), GAV $12,719,389Fund first reported on Form ADVFundsFactHealth Velocity Capital Ivy-Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019Health Velocity Capital B-Spv, L.P. first reported on Form ADV by HVC Management Co., LLC (Venture Capital Fund), GAV $16,646,419Fund first reported on Form ADVFundsFactHealth Velocity Capital B-Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019Health Velocity Capital Onshift Special Situation Spv, LP first reported on Form ADV by HVC Management Co., LLC (Venture Capital Fund), GAV $6,044,944Fund first reported on Form ADVFundsFactHealth Velocity Capital Onshift Special Situation Spv, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Seed fund manager (confirmed, 95%, cls-1)seed vehicles only
Evidence
34 observations from 2 sources