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 / Questmark Management Co., Inc.
Questmark Management Co., Inc.
venture manager, reported GAV $85M across 3 vehicles
Importance
20
moderate
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
4
low
Identity and regulatory footprint
- Headquarters
- Ellicott City, MDadviserinfo.sec.gov
- Office address
- 11101 RESORT ROAD, PMB 256, Ellicott City, MD, 21042adviserinfo.sec.gov
- Business phone
- 410-895-5800adviserinfo.sec.gov
- Website
- HTTP://WWW.QUESTM.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
- Mar 30, 2026
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $38.7Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 410-895-5800adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- ai, enterprise software, fintech, healthcare, consumer, marketplaces, energy, hardware, space, devtools, cybersecurity, data infrastructure
- Stages
- series b, growth
- Geography
- boston, global, india, virginia, wisconsin
- Check size
- $5.0M to $15.0M stated by the firm
“How We Invest $5-15 million for our initial investment, with ample reserves to support continued growth.”
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported, 4 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Questmark Partners IV, L.P. | Fund | 2013 form d first sale | Harvest | $35.0M Mar 26, 2024 | 35 | $152M of $250M | Dec 19, 2014 |
| Questmark Partners III, L.P. | Fund | unknown | Unknown | $35.7M Mar 26, 2024 | 46 | unknown | unknown |
| Questmark Partners Side Fund III, L.P. | Fund | unknown | Unknown | $14.4M Mar 26, 2024 | 2 | unknown | unknown |
| Questmark Partners II, L.P. | Fund | unknown | Wound down | $9.9M Apr 3, 2020 | 38 | unknown | unknown |
| Questmark Partners Side Fund II, L.P. | Fund | unknown | Wound down | $7.2M Apr 3, 2020 | 3 | unknown | unknown |
| Questmark Partners Side Fund, L.P. | Fund | unknown | Wound down | $0 Mar 24, 2017 | 15 | unknown | unknown |
| Questmark Partners, L.P. | Fund | unknown | Wound down | $0 Mar 24, 2017 | 80 | unknown | unknown |
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
3 current, 2 departed
Benjamin Stephen Schapiro
Founder or executiveChairman Of The Board And President · since Oct 1, 1998
Benjamin Stephen Schapiro
Managing partnerExecutive Managing Member · since Jul 1, 2013
Michael Joseph Ward
Managing partnerManaging Member · since Jul 1, 2013
2 departed (kept with end dates)
- Timothy Lion Krongard · Managing Member · Jul 1, 2013 to Mar 29, 2018 Inference
- Timothy Lion Krongard · Treasurer And Secretary · May 1, 2007 to Mar 29, 2018 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted 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.
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
16 dated events
- Sep 15, 2026Questmark Management Co., Inc.: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $85M across 3 vehicles)Classification changedClassificationInferenceno URL
- Mar 30, 2021Questmark Partners II, L.P. no longer reported on Form ADV by Questmark Management Co., Inc.Fund no longer reportedFundsInferenceQuestmark Partners II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2021Questmark Partners Side Fund II, L.P. no longer reported on Form ADV by Questmark Management Co., Inc.Fund no longer reportedFundsInferenceQuestmark Partners Side Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018Timothy Lion Krongard (Managing Member) no longer on Schedule A of Questmark Management Company, LLC
- Mar 29, 2018Questmark Partners Side Fund, L.P. no longer reported on Form ADV by Questmark Management Co., Inc.Fund no longer reportedFundsInferenceQuestmark Partners Side Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018Questmark Partners, L.P. no longer reported on Form ADV by Questmark Management Co., Inc.Fund no longer reportedFundsInferenceQuestmark Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2018Timothy Lion Krongard (Treasurer And Secretary) no longer on Schedule A of Questmark Management Co., Inc.
- Apr 4, 2014Questmark Partners IV, L.P. first reported on Form ADV by Questmark Management Company, LLC (Venture Capital Fund), GAV $148,933,882Fund first reported on Form ADVFundsFactQuestmark Partners IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 4, 2014Questmark Management Company, 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 30, 2012Questmark Partners II, L.P. first reported on Form ADV by Questmark Management Co., Inc. (Venture Capital Fund), GAV $47,940,404Fund first reported on Form ADVFundsFactQuestmark Partners II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Questmark Partners Side Fund II, L.P. first reported on Form ADV by Questmark Management Co., Inc. (Venture Capital Fund), GAV $17,835,483Fund first reported on Form ADVFundsFactQuestmark Partners Side Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Questmark Partners Side Fund, L.P. first reported on Form ADV by Questmark Management Co., Inc. (Venture Capital Fund), GAV $9,670,870Fund first reported on Form ADVFundsFactQuestmark Partners Side Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Questmark Partners III, L.P. first reported on Form ADV by Questmark Management Co., Inc. (Venture Capital Fund), GAV $224,272,656Fund first reported on Form ADVFundsFactQuestmark 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 30, 2012Questmark Partners, L.P. first reported on Form ADV by Questmark Management Co., Inc. (Venture Capital Fund), GAV $41,014,346Fund first reported on Form ADVFundsFactQuestmark Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Questmark Partners Side Fund III, L.P. first reported on Form ADV by Questmark Management Co., Inc. (Venture Capital Fund), GAV $49,307,427Fund first reported on Form ADVFundsFactQuestmark Partners Side Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Questmark Management Co., Inc. 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)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $85M across 3 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $35.0M across 1 vehicles
Evidence
84 observations from 3 sources