Darwin Ventures, LLC
Darwin Ventures is a venture capital fund of funds that provides individual and institutional investors (primarily educational endowments and foundations) unique access to investment opportunities that are generally unavailable to most investors. The firm was founded for the purpose of providing selective investments in top-tier venture capital funds. These investments include a diverse group of venture
In the firm's own words, from its website.
1 additional team member, 37 additional co-investors and affiliates, 44 additional investments, funds and LPs, 9 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.
What matters now
- 3 dealswith Y Combinator
Invests most often alongside Y Combinator (3 shared deals) and Softbank (2 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.
People to know
View all people- Managing General Partner, Managing MemberWhy: General partner: carries the investment decisionNo route on file yet
- Managing General Partner, Managing MemberWhy: General partner: carries the investment decisionNo route on file yet
- PartnerWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
93 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.
- Sponsor
- 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 Darwin Ventures, 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 Darwin Ventures, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
38 companies 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.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| 8VC | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Accel Partners | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Acme | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- healthcare
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
4 current, 0 departed
Decision makers
- JR. Frank R. (mi Only) Caufield · Managing General Partner, Managing MemberWhy this person: General partner: carries the investment decision; Named with investment responsibility
- JR. Frank Robert Caufield · Managing General Partner, Managing MemberWhy this person: General partner: carries the investment decision; Named with investment responsibility
- Kazuaki Konno · PartnerWhy this person: Partner: part of the investment decision; 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
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.- Managing General Partner, Managing Member
- Managing General Partner, Managing Member
- Partner
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
12 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Darwin Ventures Vi-B LLC | Feeder or parallel | 2023 adv first reported | Active deployment | $4.5M Mar 31, 2026 | 2 | unknown | unknown |
| Darwin Ventures Vi-C LLC | Fund | 2023 adv first reported | Active deployment | $636,214 Mar 31, 2026 | 1 | unknown | unknown |
| Darwin Ventures Vi-A LLC | Feeder or parallel | 2022 adv first reported | Active deployment | $10.8M Mar 31, 2026 | 4 | unknown | unknown |
Limited partners
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.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Rasmuson Foundation | FOUNDATION | Darwin Venture Capital Fund-Of-Funds II, L.P. | $21.3M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
42 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-013 shared deals · recurring
- 2026-10-012 shared deals · recurring · they led 1
- 2026-10-012 shared deals · recurring · they led 2
Compare portfolios with Y Combinator, Softbank, Inc., Tiger Global or any firm. Co-investors across the market
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Darwin Ventures, LLC is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Darwin Ventures, LLC sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
14 dated events, 89 observations from 3 sources
Timeline
- Mar 31, 2026Darwin Venture Capital Fund-Of-Funds VII, L.P. first reported on Form ADV by Darwin Ventures, LLC (Venture Capital Fund), GAV $3,674,851
- Mar 31, 2026Darwin Ventures Vii-A LLC first reported on Form ADV by Darwin Ventures, LLC (Venture Capital Fund), GAV $600,000
- Mar 31, 2023Darwin Ventures Vi-B LLC first reported on Form ADV by Darwin Ventures, LLC (Venture Capital Fund), GAV $6,126,473
- Mar 31, 2023Darwin Ventures Vi-C LLC first reported on Form ADV by Darwin Ventures, LLC (Venture Capital Fund), GAV $1,030,000
- Mar 31, 2022Darwin Ventures Vi-A LLC first reported on Form ADV by Darwin Ventures, LLC (Venture Capital Fund), GAV $10,000,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 12 private fundsShowHide
- Headquarters
- Sandpoint, IDadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- DARWINVC.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 12 (12 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $829Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $908Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 4
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $829M across 12 vehicles
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $593M across 10 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Oct 22, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-02-02 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-02-02 | Oct 22, 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 | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-10-22 | Oct 22, 2024 | Fact | Form ADV |
| SEC status | Approved | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2012-02-13 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Oct 22, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Oct 22, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Employees | 4 | Mar 31, 2026 | Fact | Form ADV |
| Employees | 4 | Oct 22, 2024 | Fact | Form ADV |
| Headquarters | Sandpoint, ID | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Sandpoint, ID | Oct 22, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Oct 22, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Oct 1, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 13, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 31, 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 | 12 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 12 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 10 | Oct 22, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $829M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $829M | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $593M | Oct 22, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $908M | Mar 31, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $593M | Oct 22, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 31, 2026 | Fact | Form ADV |
| Stated sectors | healthcare “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | healthcare “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | healthcare “sector words on the home page” | Sep 13, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 13, 2026 | Fact | |
| Venture funds reported | 12 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 12 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 10 | Oct 22, 2024 | Fact | Form ADV |
| Website | Mar 31, 2026 | Fact | Form ADV | |
| Website | Oct 22, 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
Venture manager, reported GAV $829M across 12 vehicles
- importance
- gav: 0.58 · funds: 1 · people: 0.12 · investments: 0.59 · co investors: 0.66
- 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: 12 · reported gav: $829M · first adv filing: 2012-02-02 · years since first filing: 14.7
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2012-02-02source 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.