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 / Astral Capital, LLC
Astral Capital, LLC
Institutional venture firmUSSEC venture capital fund adviser
venture manager, reported GAV $307M across 3 vehicles
Importance
22
moderate
Active deployment
0
low
Emerging
0
low
Completeness
38
elevated
Freshness
97
high
Research priority
7
low
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 617-470-8790adviserinfo.sec.gov
- Website
- unknown
- 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
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $211Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 617-470-8790adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
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: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Astral Capital Evol 2, LLC | Fund | 2022 form d first sale | Active deployment | $7.1M Nov 22, 2024 | 1 | $5.5M of $5.5M | May 19, 2022 |
| Astral Capital Evol, LLC | Fund | 2017 form d first sale | Harvest | $157M Nov 22, 2024 | 90 | $48.9M of $48.9M | Dec 1, 2017 |
| Astral Capital Abeh, LLC | Fund | 2016 form d first sale | Harvest | $143M Nov 22, 2024 | 32 | $6.9M of $6.9M | Mar 7, 2016 |
| Astral Capital Rxtp, LLC | Fund | unknown | Wound down | $3.6M Mar 27, 2020 | 31 | 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
Frances Karlen
PartnerMember Of Astral Capital, Llc · since Feb 1, 2016
JON Eric Karlen
PartnerManager And Member Of Astral Capital Evol Manager, Llc · since Nov 1, 2017
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
6 dated events
- Mar 31, 2023Astral Capital Evol 2, LLC first reported on Form ADV by Astral Capital, LLC (Venture Capital Fund), GAV $5,577,543Fund first reported on Form ADVFundsFactAstral Capital Evol 2, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2021Astral Capital Rxtp, LLC no longer reported on Form ADV by Astral Capital, LLCFund no longer reportedFundsInferenceAstral Capital Rxtp, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018Astral Capital 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, 2018Astral Capital Evol, LLC first reported on Form ADV by Astral Capital (Venture Capital Fund), GAV $50,192,208Fund first reported on Form ADVFundsFactAstral Capital Evol, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018Astral Capital Rxtp, LLC first reported on Form ADV by Astral Capital (Venture Capital Fund), GAV $11,037,710Fund first reported on Form ADVFundsFactAstral Capital Rxtp, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2018Astral Capital Abeh, LLC first reported on Form ADV by Astral Capital (Venture Capital Fund), GAV $7,026,315Fund first reported on Form ADVFundsFactAstral Capital Abeh, LLCSEC 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 $307M across 3 vehicles
Evidence
30 observations from 2 sources