Causation Ventures, L.L.C.

Seed fund managerSEC venture capital fund adviserClassification probableirregular.vc

Seed fund manager, with 152 portfolio companies on record.

Composed from this organization's classification, location and filed figures.

New companies, 12 mo
None
Investment team
9
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (152)Team (59)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

56 additional team members, 37 additional co-investors and affiliates, 149 additional investments, funds and LPs, 2 verified contacts (1 firm phone, 1 professional url)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 12 May 2026 ($2.1B round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  2. 5 deals
    with Sequoia Capital

    Invests most often alongside Sequoia Capital (5 shared deals) and Glynn Capital Management (4 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordCo-investors →

People to know

View all people
  • Romain David
    CIO @ Nomura , Co-Founder & CTO @ USREM , CTO @ Barclays
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Jean Sini
    Manager And Member
    Why: Named with investment responsibility
    No route on file yet
  • Serkan Kutan
    Global Product Lead @ Google , CX Strategy Manager @ The New York Times
    Why: Named with investment responsibility
    No route on file yet

Relationship network

251 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
  • Sponsor
  • Company
  • 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 Causation Ventures, L.L.C.: 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 Causation Ventures, L.L.C.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

152 companies on record, 0 new in 12 months

Investments on record

152 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Acquiaportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Actual AIportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Airfoldportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

152 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, hardware, robotics, space, devtools, media
Stages
pre seed, seed, early
Geography
australia, france, 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
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)Life sciences (1)
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

59 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Romain David · CIO @ Nomura , Co-Founder & CTO @ USREM , CTO @ Barclays
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Jean Sini · Manager And Member
    Why this person: Named with investment responsibility
  • Serkan Kutan · Global Product Lead @ Google , CX Strategy Manager @ The New York Times
    Why this person: Named with investment responsibility

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

59 current, 0 departed
  • Romain David
    CIO @ Nomura , Co-Founder & CTO @ USREM , CTO @ Barclays
  • Jean Sini
    Manager And Member
  • Serkan Kutan
    Global Product Lead @ Google , CX Strategy Manager @ The New York Times

Contacts

1 firm phone, 1 professional url

1 firm phone, 1 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

0 vehicles, 0 LPs disclosed

Funds and vehicles

0 reported
No vehicle on record yet. A fund arrives from Form ADV Schedule D 7.B.(1) or a Form D filing.

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

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

89 co-investors

Co-investors

89 counted from shared deals, for the whole firm

Compare portfolios with Sequoia Capital, Glynn Capital Management, LLC, Y Combinator or any firm. Co-investors across the market

Evidence and history

5 dated events, 40 observations from 3 sources

Timeline

5 dated events, 3 of them portfolio-page removals, listed last
  1. seen on or beforeSep 13, 2026
    Causation Ventures, L.L.C.: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)
    Classification changedClassificationInference
  2. Mar 31, 2023
    Causation Ventures, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
Full timeline · 5 eventsnewest first; portfolio-page removals last
  1. seen on or beforeSep 13, 2026
    Causation Ventures, L.L.C.: INSTITUTIONAL_VC -> SEED_FUND_MANAGER (name or self-description says seed)
    Classification changedClassificationInference
  2. Mar 31, 2023
    Causation Ventures, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
  3. seen on or beforeSep 30, 2026
    Diapers.com Amazon no longer listed on Causation Ventures, L.L.C.'s portfolio page
    Removed from portfolio pagePortfolioInferenceDiapers.com AmazonFirm website
  4. seen on or beforeSep 30, 2026
    Fidelity no longer listed on Causation Ventures, L.L.C.'s portfolio page
    Removed from portfolio pagePortfolioInferenceFidelityFirm website
  5. seen on or beforeSep 30, 2026
    AWS no longer listed on Causation Ventures, L.L.C.'s portfolio page
    Removed from portfolio pagePortfolioInferenceAWSFirm website

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Feb 27, 2026 · 0 private fundsShow
Headquarters
unknown
Office address
unknown
Business phone
unknownadviserinfo.sec.gov
Website
irregular.vc
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
Feb 27, 2026
Private funds reported
0 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
unknownadviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 14, 2026
    Seed fund manager (probable, 80%)
    Name or self-description says seed
  2. Sep 12, 2026
    Institutional venture firm (probable, 70%)
    Venture manager with no reported fund assets yet (scale unknown)

Evidence

48 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemptionFeb 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserFeb 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserFeb 14, 2024FactForm ADV
SEC adviser typeExempt reporting adviserFeb 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserFeb 14, 2024FactForm ADV
First Form ADV filing2023-03-31Feb 14, 2024FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-02-27Feb 27, 2026FactForm ADV
Latest Form ADV filing2024-02-14Feb 14, 2024FactForm ADV
SEC statusERA - ActiveFeb 27, 2026FactForm ADV
SEC status effective2023-03-31Feb 27, 2026FactForm ADV
Venture share of reported funds0Feb 14, 2024FactForm ADV
Business phoneFeb 27, 2026FactForm ADV
Business phoneFeb 14, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
Self-described typeseedSep 30, 2026Fact
Self-described typeseedSep 16, 2026Fact
Self-described typeseedSep 13, 2026Fact
Legal formLimited Liability CompanyFeb 27, 2026FactForm ADV
Legal formLimited Liability CompanyFeb 14, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 13, 2026Fact
Private funds reported0Feb 27, 2026FactForm ADV
Private funds reported0Feb 14, 2024FactForm ADV
Private fund gross assets (reported)$0Feb 27, 2026FactForm ADV
Stated geographyAustralia, france, global, new york
“geography words on the home page”
Sep 30, 2026Fact
Stated geographyAustralia, france, global, new york
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyAustralia, france, global, new york
“geography words on the home page”
Sep 13, 2026Fact
Stated sectorsAI, enterprise software, hardware, robotics, space, devtools, media
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, enterprise software, hardware, robotics, space, devtools, media
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, enterprise software, hardware, robotics, space, devtools, media
“sector words on the home page”
Sep 13, 2026Fact
Stated stagesPre seed, seed, early
“stage words on the home page”
Sep 30, 2026Fact
Stated stagesPre seed, seed, early
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesPre seed, seed, early
“stage words on the home page”
Sep 13, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 13, 2026Fact
Venture funds reported0Feb 27, 2026FactForm ADV
Venture funds reported0Feb 14, 2024FactForm ADV
WebsiteFeb 27, 2026FactForm ADV
WebsiteFeb 14, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 13, 2026Fact
How this is scored
Scores, classification basis and filing advisersSeed fund manager, probableShow
Importance
34
moderate
Active deployment
0
low
Emerging
56
elevated
Freshness
92
high
Seed fund manager · probableSEC exempt reporting adviser

Name or self-description says seed

The inputs behind each score
importance
gav: 0 · funds: 0 · people: 0.4 · investments: 0.81 · co investors: 0.79
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 0 · reported gav: $0 · first adv filing: 2023-03-31 · years since first filing: 3.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-13
  • Adviser's first ADV filing
    2023-03-31source 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.

Not yet on record: reported fund assets, latest vintage.