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 / Ridge Ventures
Ridge Ventures
Ridge Ventures (formerly IDG Ventures) is an early stage venture capital fund investing in experienced founders redefining how the world uses software.
both early and growth/opportunity families, reported GAV $684M
Importance
44
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
18
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 649 FRONT STREET, SUITE 100, San Francisco, CA, 94111adviserinfo.sec.gov
- Business phone
- 415-439-4420adviserinfo.sec.gov
- Website
- HTTP://WWW.RIDGEVENTURES.COM
- 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 9, 2026
- Private funds reported
- 11 (11 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $699Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Alexander Rosen, As Trustee of the Alexander Rosen Trust Dated October 28, 2010 (Managing Member), E
- business email
- info@ridge.vcridge.vcpublished by the subject
- business phone
- 415-439-4420adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
13 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, media
- Stages
- seed, series a, early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 83%Other 8%Other Health Care 8%
lead rate 50%follow-on rate 0%new logos, 12 months 13
Funds and vehicles
12 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Ridge Ventures V Opportunity Fund, LP | Opportunity fund | 2024 adv first reported | Early deployment | $25.9M Mar 26, 2024 | 1 | unknown | unknown |
| Ridge Ventures V Affiliates-A, LP | Feeder or parallel | 2024 adv first reported | Early deployment | $3.1M Mar 26, 2024 | 19 | $0 | Mar 30, 2022 |
| Ridge Software Investments II, LLC | Fund | 2024 adv first reported | Early deployment | $3.0M Mar 26, 2024 | 1 | unknown | unknown |
| Ridge Ventures Ivy, LLC | Fund | 2024 adv first reported | Early deployment | $1.8M Mar 26, 2024 | 3 | unknown | unknown |
| Ridge Ventures V, LP | Fund | 2022 adv first reported | Active deployment | $143M Mar 26, 2024 | 38 | $0 | May 3, 2021 |
| Ridge Ventures V Affiliates, LP | Feeder or parallel | 2022 adv first reported | Active deployment | $17.9M Mar 26, 2024 | 80 | $0 | Oct 1, 2021 |
| Ridge Ventures IV Affiliates L.P. | Feeder or parallel | 2019 adv first reported | Mature | $10.4M Mar 26, 2024 | 39 | unknown | unknown |
| Ridge Ventures IV, LP | Fund | 2017 form d first sale | Harvest | $246M Mar 26, 2024 | 27 | $130M | Jul 20, 2018 |
| Idgv Affiliates Iii,l.p. | Feeder or parallel | 2015 adv first reported | Harvest | $5.4M Mar 26, 2024 | 29 | $0 of $5.0M | Jun 5, 2015 |
| IDG Ventures USA III, L.P. | Fund | 2014 form d first sale | Harvest | $91.7M Mar 26, 2024 | 32 | $65.2M of $100M | Feb 26, 2015 |
| IDG Ventures Sf, L.P. | Fund | unknown | Unknown | $136M Mar 26, 2024 | 27 | unknown | unknown |
| Ridge Ventures VI, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 | May 14, 2026 |
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
4 current, 3 departed
Alexander Rosen
Board or advisoryTrustee · since Nov 1, 2007
Patrick Kenealy
Managing partnerManaging Member · since Nov 1, 2007
Akriti Dokania
PartnerPartner
Derrick Lee
Platform and operationsChief Financial Officer · since Oct 1, 2020
3 departed (kept with end dates)
- GIL Penchina · Managing Member · Jun 1, 2017 to Mar 16, 2020 Inference
- Philip N Sanderson · Managing Member · Nov 1, 2007 to Mar 16, 2020 Inference
- Lorra Stone · Cfo · Jun 1, 2010 to Mar 17, 2021 Inference
Investments on record
13 edges, 12 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
13 relationships from shared deals, counted for the whole firm
Betaworks Ventures Management, LLC 1 shared · one timeVenrex Investment Management LLP 1 shared · one timeAnsa Capital Management, LLC 1 shared · one timeG20 Capital Management, LLC 1 shared · one timeFour Rivers Group 1 shared · one timeBase Venture Management, Inc. 1 shared · one timeAIX Ventures LLC 1 shared · one timeNotion Capital 1 shared · one timeAcme 1 shared · one time · they led 1Twelve Below 1 shared · one timeBetaworks 1 shared · one time · we led 1Myriad Venture Partners, LLC 1 shared · one time · we led 1RRE Ventures 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
19 dated events
- Mar 26, 2024Ridge Software Investments II, LLC first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $3,002,473Fund first reported on Form ADVFundsFactRidge Software Investments II, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2024Ridge Ventures V Affiliates-A, LP first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $3,091,996Fund first reported on Form ADVFundsFactRidge Ventures V Affiliates-A, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2024Ridge Ventures V Opportunity Fund, LP first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $25,903,897Fund first reported on Form ADVFundsFactRidge Ventures V Opportunity Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2024Ridge Ventures Ivy, LLC first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $1,816,553Fund first reported on Form ADVFundsFactRidge Ventures Ivy, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2022Ridge Ventures V, LP first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $90,816,326Fund first reported on Form ADVFundsFactRidge Ventures V, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2022Ridge Ventures V Affiliates, LP first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $16,235,000Fund first reported on Form ADVFundsFactRidge Ventures V Affiliates, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 11, 2021Patrick Kenealy (Managing Member) no longer on Schedule A of Ridge Ventures
- Mar 17, 2021Lorra Stone (Cfo) no longer on Schedule A of Ridge Ventures
- Oct 1, 2020Derrick Lee joined Schedule A of Ridge Ventures as Chief Financial Officer
- Mar 16, 2020GIL Penchina (Managing Member) no longer on Schedule A of Ridge Ventures
- Mar 16, 2020Philip N Sanderson (Managing Member) no longer on Schedule A of Ridge Ventures
- Mar 18, 2019Ridge Ventures IV Affiliates L.P. first reported on Form ADV by Ridge Ventures (Venture Capital Fund), GAV $5,259,925Fund first reported on Form ADVFundsFactRidge Ventures IV Affiliates L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2018Ridge Ventures IV, LP first reported on Form ADV by Audion Management Company, LLC (Venture Capital Fund)Fund first reported on Form ADVFundsFactRidge Ventures IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 1, 2017GIL Penchina joined Schedule A of Audion Management Company, LLC as Managing Member
- Aug 25, 2015Idgv Affiliates Iii,l.p. first reported on Form ADV by Audion Management Company, LLC (Venture Capital Fund), GAV $4,968,119Fund first reported on Form ADVFundsFactIdgv Affiliates Iii,l.p.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 5, 2014IDG Ventures USA III, L.P. first reported on Form ADV by Audion Management Company, LLC (Venture Capital Fund), GAV $65,151,515Fund first reported on Form ADVFundsFactIDG Ventures USA III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 22, 2012Audion Management Company, 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 22, 2012IDG Ventures Sf, L.P. first reported on Form ADV by Audion Management Company, LLC (Venture Capital Fund), GAV $98,846,203Fund first reported on Form ADVFundsFactIDG Ventures Sf, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 1, 2007Patrick Kenealy joined Schedule A of Ridge Ventures as Managing Member
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $684M
Evidence
61 observations from 3 sources