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.
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Firms / N•• S••••• L••
N•• S••••• L••
venture manager, reported GAV $42.6M across 6 vehicles
Importance
17
moderate
Active deployment
64
high
Emerging
0
low
Completeness
56
elevated
Freshness
97
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- 600 W JACKSON, SUITE 100, Chicago, IL, 60661adviserinfo.sec.gov
- Business phone
- 312-804-3306adviserinfo.sec.gov
- Website
- n•••••••.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 26, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $75.9Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 312-804-3306adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
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 100%follow-on rate n/anew logos, 12 months 1
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| C••••••• V••••••• I•• L• | Fund | 2025 form d first sale | Fundraising | unknown | unknown | $23.5M of $50.0M | Jun 29, 2026 |
| N•• S•••• I•• Q• L••• | Fund | 2024 form d first sale | Fundraising | unknown | unknown | $11.4M | Aug 28, 2025 |
| N•• S•••• O••••••••• I• L••• | Opportunity fund | 2024 form d first sale | Fundraising | unknown | unknown | $4.7M | Aug 28, 2025 |
| N•• S•••• I••• L••• | Fund | 2024 form d first sale | Fundraising | unknown | unknown | $3.3M | Aug 28, 2025 |
| N•• S•••• I• Q• L• | Fund | 2022 form d first sale | Active deployment | $31.3M Jan 18, 2024 | 64 | $30.9M | Jan 27, 2022 |
| N•• S•••• I•• L• | Fund | unknown | Unknown | $11.3M Jan 18, 2024 | 39 | 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
2 current, 0 departed
N••••••• M••••
Managing partnerManaging Member · since Sep 1, 2020
J•••••• R••••• M••••
Platform and operationsChief Compliance Officer · since Sep 1, 2020
Investments on record
0 edges, 1 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
1 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
3 dated events
- Jan 18, 2024N•• S•••• I• Q• L• first reported on Form ADV by N•• S••••• L•• (Venture Capital Fund), GAV $31,335,940Fund first reported on Form ADVFundsFactN•• S•••• I• Q• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 17, 2021NEW S•••• GP, 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)
- Nov 17, 2021N•• S•••• I•• L• first reported on Form ADV by NEW S•••• GP, LLC (Venture Capital Fund), GAV $29,000,000Fund first reported on Form ADVFundsFactN•• S•••• I•• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $42.6M across 6 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $42.6M across 4 vehicles
Evidence
32 observations from 2 sources