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 / Intersouth Advisors, Inc.
Intersouth Advisors, Inc.
venture manager, reported GAV $102M across 2 vehicles
Importance
17
moderate
Active deployment
0
low
Emerging
0
low
Completeness
44
elevated
Freshness
100
high
Research priority
5
low
Identity and regulatory footprint
- Headquarters
- Durham, NCadviserinfo.sec.gov
- Office address
- 4711 HOPE VALLEY ROAD, SUITE 4F-632, Durham, NC, 27707adviserinfo.sec.gov
- Business phone
- 919-460-8203adviserinfo.sec.gov
- Website
- HTTPS://WWW.INTERSOUTH.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
- Feb 17, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $76.2Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 919-493-6640adviserinfo.sec.govpublished by the subject
- business phone
- 919-460-8203adviserinfo.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
- early
- Geography
- southeast
- 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
2 reported, 4 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Fund 5.0 | Fund | unknown | Unknown | $53.1M Feb 15, 2024 | 36 | unknown | unknown |
| Fund 4.0 | Fund | unknown | Unknown | $48.6M Feb 15, 2024 | 44 | unknown | unknown |
| Fund 2.0 | Fund | unknown | Wound down | $7.4M Mar 2, 2018 | 42 | unknown | unknown |
| Fund 3.0 | Fund | unknown | Wound down | $405,754 Mar 15, 2021 | 49 | unknown | unknown |
| Fund 1.0 | Fund | unknown | Wound down | $111,061 Feb 13, 2015 | 51 | unknown | unknown |
| Fund 3.1 | Fund | unknown | Wound down | $31,689 Mar 15, 2021 | 42 | 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, 0 departed
Dennis Dougherty
Founder or executivePresident · since Aug 1, 1985
Bonnie Anne Layman
Platform and operationsSecretary · since Apr 1, 2012
Mitch Mumma
Vice presidentVice President · since Sep 1, 1995
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
11 dated events
- Feb 25, 2022Fund 3.1 no longer reported on Form ADV by Intersouth Advisors, Inc.Fund no longer reportedFundsInferenceFund 3.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 25, 2022Fund 3.0 no longer reported on Form ADV by Intersouth Advisors, Inc.Fund no longer reportedFundsInferenceFund 3.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 13, 2019Fund 2.0 no longer reported on Form ADV by Intersouth Advisors, Inc.Fund no longer reportedFundsInferenceFund 2.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 8, 2016Fund 1.0 no longer reported on Form ADV by Intersouth Advisors, Inc.Fund no longer reportedFundsInferenceFund 1.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012Fund 1.0 first reported on Form ADV by Intersouth Advisors, Inc. (Venture Capital Fund), GAV $1,643,283Fund first reported on Form ADVFundsFactFund 1.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012Fund 3.1 first reported on Form ADV by Intersouth Advisors, Inc. (Venture Capital Fund), GAV $2,054,017Fund first reported on Form ADVFundsFactFund 3.1SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012Intersouth Advisors, 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)
- Mar 28, 2012Fund 2.0 first reported on Form ADV by Intersouth Advisors, Inc. (Venture Capital Fund), GAV $5,885,174Fund first reported on Form ADVFundsFactFund 2.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012Fund 4.0 first reported on Form ADV by Intersouth Advisors, Inc. (Venture Capital Fund), GAV $132,587,942Fund first reported on Form ADVFundsFactFund 4.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012Fund 5.0 first reported on Form ADV by Intersouth Advisors, Inc. (Venture Capital Fund), GAV $209,275,860Fund first reported on Form ADVFundsFactFund 5.0SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2012Fund 3.0 first reported on Form ADV by Intersouth Advisors, Inc. (Venture Capital Fund), GAV $46,291,015Fund first reported on Form ADVFundsFactFund 3.0SEC 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 $102M across 2 vehicles
Evidence
50 observations from 3 sources