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 / Adjacent Ventures LLC
Adjacent Ventures LLC
For the Unproven
venture manager, reported GAV $310M across 6 vehicles
Importance
28
moderate
Active deployment
29
moderate
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
12
low
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 228 PARK AVE S PMB 98701, New York, NY, 10013adviserinfo.sec.gov
- Business phone
- 646-240-6419adviserinfo.sec.gov
- Website
- https://www.adjacent.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
- Apr 14, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $450Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 646-240-6419adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 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: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
Other 50%unknown 50%
lead rate 100%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Adjacent V3 LP | Fund | 2024 adv first reported | Early deployment | $133M Feb 22, 2024 | 18 | $0 | Jun 14, 2023 |
| Adjacent V1.1 Update LP | Fund | 2023 adv first reported | Active deployment | $18.0M Feb 22, 2024 | 5 | $0 | May 16, 2022 |
| Adjacent V2 LP | Fund | 2022 adv first reported | Active deployment | $100M Feb 22, 2024 | 41 | $0 | Jul 29, 2021 |
| Adjacent X Backbone LLC | Fund | 2022 adv first reported | Active deployment | $18.5M Feb 22, 2024 | 8 | $0 | Nov 22, 2021 |
| Adjacent V1 LP | Fund | unknown | Unknown | $41.0M Feb 22, 2024 | 26 | $0 | Oct 30, 2019 |
| Adjacent V4 LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Nov 12, 2025 |
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
Nicolas Wittenborn
Managing partnerManaging Member · since Sep 1, 2019
Investments on record
2 edges, 2 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Sandbar | Funding round | lead | unknown | $23.0M | unknown | Mar 10, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Bird Buddy, Inc. | board seat | unknown · board | Nicolas Wittenborn (strongly supported) | unknown | unknown | Nov 22, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
“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
6 dated events
- Feb 22, 2024Adjacent V3 LP first reported on Form ADV by Adjacent Ventures LLC (Venture Capital Fund), GAV $132,652,000Fund first reported on Form ADVFundsFactAdjacent V3 LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 3, 2023Adjacent V1.1 Update LP first reported on Form ADV by Adjacent Ventures LLC (Venture Capital Fund), GAV $18,000,000Fund first reported on Form ADVFundsFactAdjacent V1.1 Update LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 18, 2022Adjacent V2 LP first reported on Form ADV by Adjacent Ventures LLC (Venture Capital Fund), GAV $100,000,000Fund first reported on Form ADVFundsFactAdjacent V2 LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 18, 2022Adjacent X Backbone LLC first reported on Form ADV by Adjacent Ventures LLC (Venture Capital Fund), GAV $18,507,463Fund first reported on Form ADVFundsFactAdjacent X Backbone LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 12, 2020Adjacent Ventures 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)
- May 12, 2020Adjacent V1 LP first reported on Form ADV by Adjacent Ventures LLC (Venture Capital Fund), GAV $32,840,000Fund first reported on Form ADVFundsFactAdjacent V1 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 (confirmed, 95%, cls-1)venture manager, reported GAV $310M across 6 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $310M across 5 vehicles
Evidence
42 observations from 3 sources