DFX Intelligence
Palm Drive Capital LLC
Institutional venture firmSEC-registered adviserClassification probable· New York, New Yorkpalmdrive.vc
Palm Drive Capital is a venture capital firm backing generational founders at pre-seed and seed. New York and San Francisco.
In the firm's own words, from its website.
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
36 additional investments, funds and LPs, 46 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days.
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Chief Compliance Officer, PartnerWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
43 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
Reading the network
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Palm Drive Capital LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Palm Drive Capital LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.1 company, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| {{ item.Title }} | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- ai, marketplaces, space, gaming
- Stages
- pre seed, seed
- Geography
- global, new york
- 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
unknown 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0
Team
3 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
- Hendrick Lee · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Seamon Chan · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Xiaoxiao Cai · Chief Compliance Officer, PartnerWhy this person: Partner: part of the investment decision
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.3 current, 0 departed
- Managing Partner
- Managing Partner
- Chief Compliance Officer, Partner
Contacts
1 firm phone
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
32 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.32 reported, 7 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| PD Albi LLC | Fund | 2024 adv first reported | Early deployment | $5.1M Jun 8, 2026 | 11 | unknown | unknown |
| PD Dep LLC | Fund | 2023 adv first reported | Active deployment | $4.7M Jun 8, 2026 | 6 | unknown | unknown |
| LF Ph Coin Spv LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $4.4M Jun 8, 2026 | 4 | unknown | unknown |
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.
Relationships across DFX
0 co-investors · on 1 other DFX graph
Co-investors
0 counted from shared deals, 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.
Across DFX and the capital chainon 1 other DFX graph ShowHide
Across DFX
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs
Palm Drive Capital LLC is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
51 dated events, 74 observations from 3 sources
Timeline
51 dated events
- seen on or beforeSep 24, 2026Palm Drive Capital LLC: SEED_FUND_MANAGER -> INSTITUTIONAL_VC (venture manager, reported GAV $389M across 33 vehicles)Classification changedClassificationInference
- seen on or beforeSep 13, 2026Palm Drive Capital LLC: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInference
- Jun 8, 2026PD Hydrolift LLC first reported on Form ADV by Palm Drive Capital LLC (Venture Capital Fund), GAV $5,500,160
- Jun 8, 2026PD Continuation Holding II LLC first reported on Form ADV by Palm Drive Capital LLC (Venture Capital Fund), GAV $2,286,148
- Jun 8, 2026PD Continuation Holding I LLC first reported on Form ADV by Palm Drive Capital LLC (Venture Capital Fund), GAV $5,744,726
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 8, 2026 · 30 private fundsShowHide
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- palmdrive.vc
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 8, 2026
- Private funds reported
- 30 (30 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $376Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $376Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 7
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 24, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $389M across 33 vehicles
- Sep 14, 2026Seed fund manager (probable, 80%)Name or self-description says seed
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $376M across 24 vehicles
Evidence
75 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Jun 8, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jun 8, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jun 8, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Feb 15, 2024 | Fact | Form ADV |
| First Form ADV filing | 2019-01-15 | Jun 8, 2026 | Fact | Form ADV |
| First Form ADV filing | 2019-01-15 | Feb 15, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-06-08 | Jun 8, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-06-08 | Jun 8, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-02-15 | Feb 15, 2024 | Fact | Form ADV |
| SEC status | Approved | Jun 8, 2026 | Fact | Form ADV |
| SEC status effective | 2019-02-21 | Jun 8, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jun 8, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Feb 15, 2024 | Fact | Form ADV |
| Business phone | Jun 8, 2026 | Fact | Form ADV | |
| Business phone | Feb 15, 2024 | Fact | Form ADV | |
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Employees | 7 | Jun 8, 2026 | Fact | Form ADV |
| Employees | 6 | Feb 15, 2024 | Fact | Form ADV |
| Headquarters | New York, NY | Jun 8, 2026 | Fact | Form ADV |
| Headquarters | New York, NY | Feb 15, 2024 | Fact | Form ADV |
| Office address | Jun 8, 2026 | Fact | Form ADV | |
| Office address | Feb 15, 2024 | Fact | Form ADV | |
| Self-described type | seed “Often the first check.” | Sep 16, 2026 | Fact | |
| Self-described type | seed “Often the first check.” | Sep 13, 2026 | Fact | |
| Legal form | Limited Liability Company | Jun 8, 2026 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 30 | Jun 8, 2026 | Fact | Form ADV |
| Private funds reported | 30 | Jun 8, 2026 | Fact | Form ADV |
| Private funds reported | 23 | Feb 15, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $376M | Jun 8, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $376M | Jun 8, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $376M | Feb 15, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $376M | Jun 8, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $376M | Feb 15, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 30, 2026 | Fact | Form ADV |
| Stated geography | Global, new york “geography words on the home page” | Oct 1, 2026 | Fact | |
| Stated geography | Global, new york “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Global, new york “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | AI, marketplaces, space, gaming “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, marketplaces, space, gaming “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, marketplaces, space, gaming “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | Pre seed, seed “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | Pre seed, seed “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Pre seed, seed “stage words on the home page” | Sep 13, 2026 | Fact | |
| Venture funds reported | 30 | Jun 8, 2026 | Fact | Form ADV |
| Venture funds reported | 30 | Jun 8, 2026 | Fact | Form ADV |
| Venture funds reported | 23 | Feb 15, 2024 | Fact | Form ADV |
| Website | Jun 8, 2026 | Fact | Form ADV | |
| Website | Feb 15, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, probableShowHide
Importance
33
moderate
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firm · probableSEC registered investment adviser
Venture manager, reported GAV $389M across 33 vehicles
The inputs behind each score
- importance
- gav: 0.48 · funds: 1 · people: 0.08 · investments: 0 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 40 · reported gav: $376M · first adv filing: 2019-01-15 · years since first filing: 7.7
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
3 dated events on the change ledger, latest event first
- Organization classification changed2026-09-24
- Organization classification changed2026-09-13
- Adviser's first ADV filing2019-01-15source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.