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 / Theory Ventures Management, LLC
Theory Ventures Management, LLC
Institutional venture firmPortola Valley, CAtheory.venturesSEC venture capital fund adviserfundraising evidence
Explore Theory Ventures
venture manager, reported GAV $233M across 3 vehicles
Importance
38
elevated
Active deployment
65
high
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
22
moderate
Identity and regulatory footprint
- Headquarters
- Portola Valley, CAadviserinfo.sec.gov
- Office address
- 3130 ALPINE RD, SUITE 288 #411, Portola Valley, CA, 94028adviserinfo.sec.gov
- Business phone
- 415-504-1976adviserinfo.sec.gov
- Website
- https://theory.ventures/
- 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 25, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $709Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@theoryvc.comtheoryvc.compublished by the subject
- business phone
- 415-504-1976adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
16 observed deals
Stated (the firm’s website)
- Sectors
- ai
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 100%
lead rate 100%follow-on rate 0%new logos, 12 months 16
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Theory Ventures, L.P. | Fund | unknown | Unknown | $233M Mar 14, 2024 | 92 | $0 of $235M | Feb 27, 2023 |
| Theory Ventures II, L.P. | Fund | unknown | Unknown | unknown | unknown | $0 of $450M | Oct 31, 2024 |
| Theory Ventures Corollary I, L.P. | Fund | unknown | Fundraising | unknown | unknown | $0 of $100M | Feb 26, 2026 |
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
15 current, 0 departed
Tomasz Tunguz
General partnerGeneral Partner
General partner
Amber Mante
OtherHead of Human Intelligence
Bryan Bischof
OtherHead of AI
Rafael Jara-Simkin
OtherHead of Sales Intelligence
Adam Conway
PartnerView team member profile
Andy Triedman
PartnerPartner
Melanie Rosenberg
PartnerView team member profile
Mischa Lamoureux
PartnerView team member profile
Panth Bhasvar
PartnerView team member profile
Spencer Farrar
PartnerPartner
Tomasz Tunguz
PartnerManager · since May 1, 2022
Beth Scheer
Platform and operationsHead of Talent Intelligence
Platform and operations
Kristin Beach
Platform and operationsChief Financial Officer · since Dec 1, 2022
Investments on record
16 edges, 16 companies, 1 partner-attributed
“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
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
2 dated events
- May 1, 2023Theory Ventures Management, 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)
- May 1, 2023Theory Ventures, L.P. first reported on Form ADV by Theory Ventures Management, LLC (Venture Capital Fund), GAV $237,219,388Fund first reported on Form ADVFundsFactTheory Ventures, 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 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $233M across 3 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $233M across 1 vehicles
Evidence
45 observations from 3 sources