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 / Morado Ventures, LLC
Morado Ventures, LLC
A tech-forward seed fund backing exceptional founders building the next generation of transformative companies
name or self-description says seed
Importance
21
moderate
Active deployment
29
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- Los Altos, CAadviserinfo.sec.gov
- Office address
- 110 1ST STREET, Los Altos, CA, 94022adviserinfo.sec.gov
- Business phone
- 650-763-3380adviserinfo.sec.gov
- 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 27, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $206Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Code Investment Management LLC (Manager And Member Of Morado Venture Management, Llc), C
- business phone
- 650-763-3380adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, healthcare, hardware, robotics, data infrastructure, industrial, agtech
- Stages
- seed, early
- Geography
- texas
- 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 0%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Morado Venture Partners IV, L.P. | Fund | 2024 adv first reported | Early deployment | $23.0M Mar 29, 2024 | 23 | $0 of $50.0M | Jun 29, 2023 |
| Morado Venture Partners III, L.P. | Fund | 2018 adv first reported | Harvest | $51.9M Mar 29, 2024 | 24 | $0 of $75.0M | Jun 20, 2017 |
| Morado Venture Partners, L.P. | Fund | 2010 form d first sale | Harvest | $14.2M Mar 29, 2024 | 43 | $10.6M of $14.0M | Dec 9, 2010 |
| Morado Venture Partners II, L.P. | Fund | unknown | Unknown | $69.0M Mar 29, 2024 | 45 | $0 of $30.0M | Jun 7, 2013 |
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
6 current, 0 departed
Ash Patel
Managing partnerFounding Partner
Mike Marquez
Managing partnerFounding Partner
Henry Sohn
Operating partnerOperating Partner
Ashvinkumar Parbhoobhai Patel
PartnerManager And Member Of Morado Venture Management Iv, Llc · since Aug 1, 2022
Michael James Marquez
PartnerManager And Member Of Morado Venture Management Iv, Llc · since Aug 1, 2022
Patrick McGill
Venture partnerCorporate Venture Partner
Investments on record
1 edges, 1 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Quill Launches Sovereign Chief of AI Staff Agent and | Funding round | participant | unknown | $6.5M | unknown | Feb 25, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“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
3 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
- Sep 13, 2026Morado Ventures, LLC: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Mar 29, 2024Morado Venture Partners IV, L.P. first reported on Form ADV by Morado Ventures, LLC (Venture Capital Fund), GAV $23,000,000Fund first reported on Form ADVFundsFactMorado Venture Partners IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018Morado Venture Partners III, L.P. first reported on Form ADV by Morado Ventures, LLC (Venture Capital Fund), GAV $21,786,492Fund first reported on Form ADVFundsFactMorado Venture Partners III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2015Morado 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)
- Mar 31, 2015Morado Venture Partners, L.P. first reported on Form ADV by Morado Ventures, LLC (Venture Capital Fund), GAV $17,700,000Fund first reported on Form ADVFundsFactMorado Venture Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2015Morado Venture Partners II, L.P. first reported on Form ADV by Morado Ventures, LLC (Venture Capital Fund), GAV $30,500,000Fund first reported on Form ADVFundsFactMorado Venture Partners II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 14, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $158M across 4 vehicles
Evidence
54 observations from 3 sources