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 / Upfront Ventures
Upfront Ventures
Upfront Ventures is a venture capital firm based in Los Angeles. We invest in technology businesses across digital media, SaaS, consumer internet and retail innovation.
both early and growth/opportunity families, reported GAV $2,323M
Importance
52
elevated
Active deployment
51
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
21
moderate
Identity and regulatory footprint
- Headquarters
- Los Angeles, CAadviserinfo.sec.gov
- Office address
- 11755 WILSHIRE BOULEVARD, STE 2400, Los Angeles, CA, 90025adviserinfo.sec.gov
- Business phone
- 310-785-5100adviserinfo.sec.gov
- Website
- HTTP://UPFRONT.COM/
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 25 (25 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $2.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $3.4Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 22
- Owners on Schedule A
- Upfront Ventures (Shareholder Of Grp Management Services Corp.), C; Gregory and Julie Bettinelli Living Trust (Limited Partner Of Upfront Gp Iv, L.P.), A; Rodeo Alpine LLC (Limited Partner Of Upfront Gp Ii, Lp), A; Shadow Hill LLC (Limited Partner Of Upfront Gp Ii, Lp), A; The Nuga Trust (Limited Partner Of Upfront Gp Iv, L.P.), B; Comerica Bank and Trust, N.A. (Co-Trustee), F; The Dietz Family 2011 Trust (Limited Partner Of Upfront Gp Ii, Lp), B; GRP Management Services Corp. (General Partner Of Upfront Gp Ii, Lp), NA; The Dietz Family 2007 Trust (Limited Partner Of Upfront Gp Iii, Lp), B; Upfront Ventures Management, Inc. (General Partner Of Upfront Gp Iii, Lp), NA
- business phone
- 310-785-5100adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
7 observed deals
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
series a 67%seed 33%
Stage at first entry
series a 67%seed 33%
Sectors
unknown 100%
lead rate 33%follow-on rate 0%new logos, 12 months 7
Funds and vehicles
28 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Upfront Secondary II-A, L.P. | Feeder or parallel | 2025 form d first sale | Newly closed | unknown | unknown | $8.0M of $8.0M | Mar 11, 2025 |
| Upfront Growth IV, L.P. | Growth fund | 2024 adv first reported | Early deployment | $0 Mar 26, 2024 | 8 | $0 of $200M | Sep 14, 2023 |
| Upfront Secondary I, L.P. | Fund | 2024 adv first reported | Early deployment | $0 Mar 26, 2024 | 1 | $0 of $50.0M | Dec 28, 2023 |
| Upfront Viii, L.P. | Fund | 2024 adv first reported | Early deployment | $0 Mar 26, 2024 | 22 | $0 of $280M | Sep 14, 2023 |
| Upfront Secondary IV, L.P. | Fund | 2024 form d first sale | Newly closed | unknown | unknown | $5.0M of $5.0M | Jan 2, 2025 |
| Blizzard 22, L.P. | Fund | 2022 form d first sale | Active deployment | $2.9M Mar 26, 2024 | 1 | $5.0M of $5.0M | Mar 22, 2022 |
| GRP III, L.P. | Fund | 2021 adv first reported | Mature | $342M Mar 26, 2024 | 35 | unknown | unknown |
| Upfront Continuation Fund I, L.P. | Continuation vehicle | 2021 form d first sale | Mature | $176M Mar 26, 2024 | 3 | $177M of $177M | Jan 5, 2022 |
| Upfront VII Partners LP | Fund | 2021 adv first reported | Mature | $2.8M Mar 26, 2024 | 3 | $0 of $20.0M | Apr 21, 2021 |
| Upfront Growth III, L.P. | Growth fund | 2020 adv first reported | Mature | $105M Mar 26, 2024 | 28 | $0 of $250M | Jul 1, 2019 |
| Upfront VII, L.P. | Fund | 2020 form d first sale | Mature | $93.2M Mar 26, 2024 | 52 | $280M of $280M | Jul 26, 2022 |
| Upfront Growth III Co-Invest, L.P. | SPV or co-invest vehicle | 2020 adv first reported | Mature | $12.1M Mar 26, 2024 | 2 | $0 of $50.0M | Sep 12, 2019 |
| Upfront VI Partners, L.P. | Fund | 2019 adv first reported | Mature | $5.2M Mar 26, 2024 | 12 | $0 of $10.0M | Dec 14, 2018 |
| Upfront VI, L.P. | Fund | 2018 adv first reported | Harvest | $583M Mar 26, 2024 | 59 | $0 of $380M | May 31, 2017 |
| Upfront Opportunity Fund II, L.P. | Opportunity fund | 2018 adv first reported | Harvest | $54.8M Mar 26, 2024 | 18 | $0 of $120M | May 31, 2017 |
| Community Fund I, LLC | Fund | 2018 form d first sale | Harvest | $6.0M Apr 1, 2021 | 1 | $5.0M of $5.0M | Mar 9, 2018 |
| Upfront IV Ancillary, L.P. | Fund | 2017 adv first reported | Harvest | $83.3M Mar 26, 2024 | 20 | unknown | unknown |
| Ms2016 Nimbus, L.P. | Fund | 2016 form d first sale | Harvest | $44.9M Mar 26, 2024 | 6 | $8.0M of $8.0M | Apr 1, 2016 |
| GRP IV, L.P. | Fund | 2011 form d first sale | Harvest | $296M Mar 26, 2024 | 40 | $149M of $200M | Oct 31, 2012 |
| Upfront V, L.P. | Fund | unknown | Unknown | $435M Mar 26, 2024 | 40 | $0 of $250M | Nov 20, 2014 |
| Upfront Opportunity Fund I, L.P. | Opportunity fund | unknown | Unknown | $65.2M Mar 26, 2024 | 14 | $0 of $100M | Mar 12, 2015 |
| Upfront III Investors, L.P. | Fund | unknown | Unknown | $10.0M Mar 26, 2024 | 2 | unknown | unknown |
| Upfront III Partners, L.P. | Fund | unknown | Unknown | $5.4M Mar 26, 2024 | 17 | unknown | unknown |
| Upfront II Partners, L.P. | Fund | unknown | Unknown | $0 Jul 28, 2023 | 48 | unknown | unknown |
| Upfront II, L.P. | Fund | unknown | Unknown | $0 Jul 28, 2023 | 88 | unknown | unknown |
| Upfront II Investors, L.P. | Fund | unknown | Unknown | $0 Jul 28, 2023 | 2 | unknown | unknown |
| Upfront Secondary II, L.P. | Fund | unknown | Unknown | unknown | unknown | $0 of $25.0M | Apr 4, 2024 |
| Upfront Secondary III, L.P. | Fund | unknown | Unknown | unknown | unknown | $0 of $25.0M | Jul 18, 2024 |
| AOS Partners, L.P. | Fund | unknown | Wound down | $79.6M Mar 28, 2014 | 88 | 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
16 current, 10 departed
Gregory Bettinelli
Board or advisoryCo-Trustee · since Oct 1, 2012
Hillarie Nmn Dietz
Board or advisoryCo-Trustee · since Oct 1, 2011
Julie Bettinelli
Board or advisoryCo-Trustee · since Oct 1, 2012
Steven Jonathon Dietz
Board or advisoryCo-Trustee · since Jun 1, 2007
Brian Joseph Mcloughlin
General partnerLimited Partner Of Upfront Gp Ii, Lp · since Dec 1, 2002
Christophe Defforey
General partnerLimited Partner Of Upfront Gp Ii, Lp · since Jun 1, 2018
Pierre L Morin
General partnerLimited Partner Of Upfront Gp Ii, Lp · since Sep 1, 2016
Sophie Defforey
General partnerLimited Partner Of Upfront Gp Ii, Lp · since Jun 1, 2018
Anne Sisteron
PartnerShareholder · since Dec 1, 2012
Mark Solomon Suster
PartnerMember · since Dec 1, 2014
Mark Suster
PartnerMember/Manager · since Dec 1, 2014
Steven Edward Lebow
PartnerShareholder · since Feb 1, 2000
Yves Bernard Sisteron
PartnerShareholder/Manager · since Dec 1, 2012
Dana Mullins Kibler
Platform and operationsPartner & Cfo Of Grp Management Services Corp. · since Oct 1, 2007
Nina Nmn Sen
Platform and operationsChief Financial Officer · since Jul 1, 2023
Stuart J Lander
Platform and operationsChief Compliance Officer · since Oct 1, 2021
10 departed (kept with end dates)
- Michael Donahue · Co-Trustee · Oct 1, 2011 to Nov 2, 2021 Inference
- Herve J.F. Defforey · Limited Partner Of Upfront Gp Ii, Lp · Dec 1, 2001 to Apr 1, 2021 Inference
- Linda Fayne Levinson · Limited Partner Of Upfront Gp Ii, Lp · Feb 1, 2000 to Apr 1, 2021 Inference
- Francois Morin · Elected Manager · Apr 1, 2008 to Mar 31, 2017 Inference
- Pierre L Morin · Member · Apr 1, 2008 to Mar 31, 2017 Inference
- Steven Edward Lebow · Shareholder (Grp Management Services Corp.) · Feb 1, 2000 to Nov 2, 2021 Inference
- Steven Jonathon Dietz · Member/Manager · Dec 1, 2014 to Mar 31, 2017 Inference
- Yves Bernard Sisteron · Member/Manager · Dec 1, 2014 to Mar 31, 2022 Inference
- Bette Ann Armstrong · Interim Chief Financial Officer · Mar 1, 2023 to Jul 14, 2023 Inference
- Dana Mullins Kibler · Chief Financial Officer · Jun 1, 2004 to Apr 14, 2023 Inference
Investments on record
7 edges, 7 companies, 0 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
20 relationships from shared deals, counted for the whole firm
Cleveland Clinic Ventures 1 shared · one time8-Bit Capital Management, LLC 1 shared · one timeQED Investors, LLC 1 shared · one timeDigitx Management Co., LLC 1 shared · one timeM13 1 shared · one timeAccomplice Management LLC 1 shared · one timeIN Venture 1 shared · one timeUnum Ventures 1 shared · one timeCompany Ventures 1 shared · one time · we led 1Dria Ventures 1 shared · one time · we led 1Distributed Ventures 1 shared · one time · we led 1Waterline Ventures, LLC 1 shared · one time · we led 1Adjacent Ventures LLC 1 shared · one time · they led 1Carte Verte Management LLC 1 shared · one time · they led 1True Ventures 1 shared · one timeBetaworks 1 shared · one timeSpringcoast Partners 1 shared · one time · they led 1Jvp 1 shared · one timeGoldcrest Capital 1 shared · one timeHaymaker Ventures LLC 1 shared · one time · they led 1
Limited partners
1 disclosed
- Los Angeles City Employees' Retirement System in Upfront VI, L.P. amount undisclosed lacers.org
Timeline
51 dated events
- Mar 26, 2024Upfront Growth IV, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactUpfront Growth IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2024Upfront Viii, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactUpfront Viii, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2024Upfront Secondary I, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactUpfront Secondary I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 14, 2023Bette Ann Armstrong (Interim Chief Financial Officer) no longer on Schedule A of Upfront Ventures
- Jul 1, 2023Nina Nmn Sen joined Schedule A of Upfront Ventures as Chief Financial Officer
- Apr 14, 2023Dana Mullins Kibler (Chief Financial Officer) no longer on Schedule A of Upfront Ventures
- Mar 29, 2023Blizzard 22, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $2,516,276Fund first reported on Form ADVFundsFactBlizzard 22, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2023Bette Ann Armstrong joined Schedule A of Upfront Ventures as Interim Chief Financial Officer
- Mar 31, 2022Upfront Continuation Fund I, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $238,398,828Fund first reported on Form ADVFundsFactUpfront Continuation Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022Yves Bernard Sisteron (Member/Manager) no longer on Schedule A of Upfront Ventures
- Nov 2, 2021Steven Edward Lebow (Shareholder (Grp Management Services Corp.)) no longer on Schedule A of Upfront Ventures
- Nov 2, 2021Michael Donahue (Co-Trustee) no longer on Schedule A of Upfront Ventures
- Oct 25, 2021Upfront VII Partners LP first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $7,497,300Fund first reported on Form ADVFundsFactUpfront VII Partners LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2021Stuart J Lander joined Schedule A of Upfront Ventures as Chief Compliance Officer
- Apr 1, 2021Upfront VII, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactUpfront VII, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2021Linda Fayne Levinson (Limited Partner Of Upfront Gp Ii, Lp) no longer on Schedule A of Upfront Ventures
- Apr 1, 2021Herve J.F. Defforey (Limited Partner Of Upfront Gp Ii, Lp) no longer on Schedule A of Upfront Ventures
- Mar 30, 2020Upfront Growth III, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $20,646,187Fund first reported on Form ADVFundsFactUpfront Growth III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Community Fund I, LLC first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $3,700,000Fund first reported on Form ADVFundsFactCommunity Fund I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Upfront Growth III Co-Invest, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $111,075Fund first reported on Form ADVFundsFactUpfront Growth III Co-Invest, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2019Upfront VI Partners, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactUpfront VI Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 1, 2018Sophie Defforey joined Schedule A of Upfront Ventures as Limited Partner Of Upfront Gp Ii, Lp
- Jun 1, 2018Christophe Defforey joined Schedule A of Upfront Ventures as Limited Partner Of Upfront Gp Ii, Lp
- Mar 30, 2018Upfront Opportunity Fund II, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $55,572,689Fund first reported on Form ADVFundsFactUpfront Opportunity Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018Upfront VI, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $388,930,717Fund first reported on Form ADVFundsFactUpfront VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2017Steven Jonathon Dietz (Member/Manager) no longer on Schedule A of Upfront Ventures
- Mar 31, 2017Upfront IV Ancillary, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $17,749,803Fund first reported on Form ADVFundsFactUpfront IV Ancillary, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2017Francois Morin (Elected Manager) no longer on Schedule A of Upfront Ventures
- Mar 31, 2017Pierre L Morin (Member) no longer on Schedule A of Upfront Ventures
- Sep 1, 2016Pierre L Morin joined Schedule A of Upfront Ventures as Limited Partner Of Upfront Gp Ii, Lp
- Mar 29, 2016Ms2016 Nimbus, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $8,000,000Fund first reported on Form ADVFundsFactMs2016 Nimbus, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 20, 2015Upfront Ventures 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)
- Apr 20, 2015Upfront Opportunity Fund I, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactUpfront Opportunity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 20, 2015Upfront V, L.P. first reported on Form ADV by Upfront Ventures (Venture Capital Fund), GAV $276,555,000Fund first reported on Form ADVFundsFactUpfront V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2015AOS Partners, L.P. no longer reported on Form ADV by Upfront VenturesFund no longer reportedFundsInferenceAOS Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 1, 2012Anne Sisteron joined Schedule A of GRP Partners as Shareholder
- Oct 1, 2012Gregory Bettinelli joined Schedule A of Upfront Ventures as Co-Trustee
- Oct 1, 2012Julie Bettinelli joined Schedule A of Upfront Ventures as Co-Trustee
- Mar 30, 2012AOS Partners, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $81,061,908Fund first reported on Form ADVFundsFactAOS Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP II Investors, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $19,274,951Fund first reported on Form ADVFundsFactUpfront II Investors, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP III Partners, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $3,053,779Fund first reported on Form ADVFundsFactUpfront III Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP II Partners, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $6,748,509Fund first reported on Form ADVFundsFactUpfront II Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP Operations, Inc. 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 30, 2012GRP III Investors, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $5,117,703Fund first reported on Form ADVFundsFactUpfront III Investors, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP II, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $119,088,433Fund first reported on Form ADVFundsFactUpfront II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP IV, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $120,000,000Fund first reported on Form ADVFundsFactGRP IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012GRP III, L.P. first reported on Form ADV by GRP Operations, Inc. (Venture Capital Fund), GAV $197,901,366Fund first reported on Form ADVFundsFactGRP III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2011Michael Donahue joined Schedule A of Upfront Ventures as Co-Trustee
- Oct 1, 2011Michael Donahue joined Schedule A of GRP Partners as Co-Trustee
- Jun 1, 2004Dana Mullins Kibler joined Schedule A of Upfront Ventures as Chief Financial Officer
- Feb 1, 2000Steven Edward Lebow joined Schedule A of Upfront Ventures as Shareholder (Grp Management Services Corp.)
Classification history
- Sep 15, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $2,323M
- Sep 12, 2026Multi-stage venture firm (probable, 80%, cls-1)both early and growth/opportunity families, reported GAV $2,308M
Evidence
80 observations from 3 sources