The names on this page are hidden. Create a free account to reveal 5 records a month, or get Venture Capital Intelligence at $199 a month for every name. Every figure, date and source on this page is public either way.

Firms / H•••••••• V•••••••• L••

H•••••••• V•••••••• L••

Seed fund manager · probableUSh••••••••.vcSEC exempt reporting adviser

••• Locked

name or self-description says seed

Importance
3
low
Active deployment
25
moderate
Emerging
56
elevated
Completeness
63
high
Freshness
98
high
Research priority
21
moderate
Identity and regulatory footprint
Headquarters
unknown
Office address
unknown
Business phone
••• Lockedadviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Feb 1, 2024
Private funds reported
1 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$2.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business email
matt@headwater.vcheadwater.vcpublished by the subject
business phone
612.508.1626adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
ai, fintech, healthcare, biotech
Stages
pre seed, seed
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
seed
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
2 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
H•••••••• V••••••• F••• I••• L•Fund2025 form d first saleFundraisingunknownunknown$11.4MJun 16, 2026
H•••••••• V••••••• F••• I•• L•FundunknownUnknown$2.9M
Feb 1, 2024
12$3.1M
of $13.0M
Feb 8, 2024
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
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
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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
3 dated events
  1. Sep 13, 2026
    H•••••••• V•••••••• L••: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)
    Classification changedClassificationInferenceno URL
  2. Mar 15, 2023
    H•••••••• V•••••••• L•• first filed Form ADV (ERA, venture capital fund adviser exemption)
  3. Mar 15, 2023
    H•••••••• V••••••• F••• I•• L• first reported on Form ADV by H•••••••• V•••••••• L•• (Venture Capital Fund)
Classification history
  1. Sep 13, 2026
    Seed fund manager (probable, 80%, cls-1)
    name or self-description says seed
  2. Sep 12, 2026
    Micro VC (probable, 80%, cls-1)
    venture manager, reported GAV $2.9M across 2 vehicles
Evidence
23 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeexempt_reporting_adviserFeb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2023-03-15Feb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-02-01Feb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds1Feb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone••• LockedFeb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Description••• Locked
••• Locked
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Description••• Locked
••• Locked
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeseed
••• Locked
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Self-described typeseed
••• Locked
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Legal formLimited Liability PartnershipFeb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private funds reported1Feb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$2.9MFeb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated sectorsai,fintech,healthcare,biotech
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsai,fintech,healthcare,biotech
sector words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagespre_seed,seed
stage words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated stagespre_seed,seed
stage words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported1Feb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Websitehttps://h••••••••.vc/Feb 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleH•••••••• V••••••• | Modernizing Health + Care
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleH•••••••• V••••••• | Modernizing Health + Care
title tag
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)