DFX Intelligence
MAX Ventures
Seed fund manager, reporting $107M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
As of · the latest observation of this organization; filed figures are as of its latest Form ADV
9 additional co-investors and affiliates, 1 additional investment, fund or LP, 1 event, 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
- 2 companiesnew in 12 months
2 new companies in the last 12 months. Latest round Cast Insights pre-seed ($4.5M round) on 23 Jul 2026.
A firm writing cheques this quarter is one a founder can pitch now.
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
19 connected entities2 observed roundsrounds 2026
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.
Reading the network
- 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 MAX Ventures: 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 MAX Ventures
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
2 companies on record, 2 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.2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Cast Insights | Pre-Seed · Pre-seed | participant | unknown | $4.5M | unknown | Jul 23, 2026 | Fact Press release |
| Barnwell Bio, Inc. | Funding round | participant | unknown | $6.0M | unknown | Jan 26, 2026 | Fact Press release |
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- healthcare, energy
- Stages
- pre seed, seed, series a, early
- Geography
- global
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
Observed (from deals on record)
Stage at participation
pre seed 100%
Stage at first entry
pre seed 100%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)
lead rate 0%follow-on rate 0%new companies, 12 months 2
Team
1 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
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.1 current, 0 departed
- Member
Contacts
1 firm phone
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
4 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.4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| MAX Ventures Fund III, LP | Fund | 2023 form d first sale | Active deployment | $30.6M Mar 27, 2026 | 62 | $35.7M of $50.0M | Sep 27, 2024 |
| MAX Ventures Fund II, LP | Fund | 2020 form d first sale | Mature | $57.1M Mar 27, 2026 | 75 | $30.2M of $30.2M | Aug 6, 2021 |
| MAX Ventures New World Opportunities Fund, LP | Opportunity fund | 2020 form d first sale | Mature | $5.0M Mar 27, 2026 | 31 | $10.3M of $10.3M | Aug 6, 2021 |
Limited partners
0 LPs, 0 disclosed commitments
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.
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.1 relationship across the firm's funds, from public pensions and the allocator graph
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Anne Wojcicki Foundation | FOUNDATION | MAX Ventures Fund III, LP | $593,213 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
12 co-investors · on 1 other DFX graph
Co-investors
12 counted from shared deals, for the whole firm
- 2026-07-231 shared deal · one time
- 2026-07-231 shared deal · one time · they led 1
- 2026-07-231 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph · 1 capital path ShowHide
Across DFX
- The same institution is held on Allocators, matched by identifier. See which records
Across the graphs
MAX Ventures is the same institution as 1 record in Allocators.
Allocators1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Capital chain
MAX Ventures sits on 1 traced path of capital across the graphs.
Allocator commitments to a manager
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
6 dated events, 121 observations from 3 sources
Timeline
6 dated events
- seen on or beforeSep 14, 2026MAX Ventures: MULTI_STAGE_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInference
- Mar 29, 2024MAX Ventures Fund III, LP first reported on Form ADV by MAX Ventures (Venture Capital Fund), GAV $30,781,629
- May 19, 2022MAX Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)
- May 19, 2022MAX Ventures New World Opportunities Fund, LP first reported on Form ADV by MAX Ventures (Venture Capital Fund), GAV $13,440,783
- May 19, 2022MAX Ventures Fund I, LP first reported on Form ADV by MAX Ventures (Venture Capital Fund), GAV $28,694,904
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 4 private fundsShowHide
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- unknownadviserinfo.sec.gov
- Website
- maxventures.vc
- 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 27, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $107Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 14, 2026Seed fund manager (confirmed, 95%)Name or self-description says seed
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $104M
Evidence
121 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 29, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 29, 2024 | Fact | Form ADV |
| First Form ADV filing | 2022-05-19 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2022-05-19 | Mar 29, 2024 | 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 | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-29 | Mar 29, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 27, 2026 | Fact | Form ADV |
| SEC status effective | 2022-05-19 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 29, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2026 | Fact | Form ADV | |
| Business phone | Mar 29, 2024 | Fact | Form ADV | |
| Self-described type | seed | Sep 30, 2026 | Fact | |
| Self-described type | seed | Sep 29, 2026 | Fact | |
| Self-described type | seed | Sep 28, 2026 | Fact | |
| Self-described type | seed | Sep 27, 2026 | Fact | |
| Self-described type | seed | Sep 26, 2026 | Fact | |
| Self-described type | seed | Sep 25, 2026 | Fact | |
| Self-described type | seed | Sep 24, 2026 | Fact | |
| Self-described type | seed | Sep 23, 2026 | Fact | |
| Self-described type | seed | Sep 22, 2026 | Fact | |
| Self-described type | seed | Sep 21, 2026 | Fact | |
| Self-described type | seed | Sep 20, 2026 | Fact | |
| Self-described type | seed | Sep 19, 2026 | Fact | |
| Self-described type | seed | Sep 18, 2026 | Fact | |
| Self-described type | seed | Sep 17, 2026 | Fact | |
| Self-described type | seed | Sep 16, 2026 | Fact | |
| Self-described type | seed | Sep 14, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 27, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 29, 2024 | Fact | Form ADV |
| Private funds reported | 4 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 29, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $107M | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $107M | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $104M | Mar 29, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 27, 2026 | Fact | Form ADV |
| Stated geography | global “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 29, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 28, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 27, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 26, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 25, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 24, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 23, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 22, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 21, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 20, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 19, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 18, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 17, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | global “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 29, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 28, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 27, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 26, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 25, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 24, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 23, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 22, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 21, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 20, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 19, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 18, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 17, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Healthcare, energy “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 29, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 28, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 27, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 26, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 25, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 24, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 23, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 22, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 21, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 20, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 19, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 18, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 17, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Pre seed, seed, series a, early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Venture funds reported | 4 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 29, 2024 | Fact | Form ADV |
| Website | Mar 27, 2026 | Fact | Form ADV | |
| Website | Mar 29, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 29, 2026 | Fact | ||
| Site title | Sep 28, 2026 | Fact | ||
| Site title | Sep 27, 2026 | Fact | ||
| Site title | Sep 26, 2026 | Fact | ||
| Site title | Sep 25, 2026 | Fact | ||
| Site title | Sep 24, 2026 | Fact | ||
| Site title | Sep 23, 2026 | Fact | ||
| Site title | Sep 22, 2026 | Fact | ||
| Site title | Sep 21, 2026 | Fact | ||
| Site title | Sep 20, 2026 | Fact | ||
| Site title | Sep 19, 2026 | Fact | ||
| Site title | Sep 18, 2026 | Fact | ||
| Site title | Sep 17, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersSeed fund manager, confirmedShowHide
Importance
25
moderate
Active deployment
33
moderate
Emerging
0
low
Freshness
100
high
Seed fund managerSEC exempt reporting adviser
Name or self-description says seed
The inputs behind each score
- importance
- gav: 0.31 · funds: 0.33 · people: 0.04 · investments: 0.11 · co investors: 0.44
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-07-23
- emerging manager
- fund count: 4 · reported gav: $107M · first adv filing: 2022-05-19 · years since first filing: 4.4
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
2 scored matches, best firstas of
- score 29.9confidence 80%Why: stage fit; activity
- score 29.9confidence 80%Why: stage fit; activity
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
2 dated events on the change ledger, latest event first
- Organization classification changed2026-09-14
- Adviser's first ADV filing2022-05-19source 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.