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 / Equal Ventures
Equal Ventures
Bridging the Digital Divide. We partner with founders and businesses deploying technology within legacy industries.
both early and growth/opportunity families, reported GAV $216M
Importance
30
moderate
Active deployment
30
moderate
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 184 FIFTH AVE, SUITE 400, New York, NY, 10010adviserinfo.sec.gov
- Business phone
- 2027465479adviserinfo.sec.gov
- Website
- https://equal.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 26, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $604Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 2027465479adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
27 observed deals
Stated (the firm’s website)
- Sectors
- ai, climate, energy, logistics
- Stages
- early
- 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: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 89%Other Energy 7%Other Technology 4%
lead rate 50%follow-on rate 0%new logos, 12 months 27
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Equal Ventures Opportunity 1 LP, LLC | Opportunity fund | 2022 form d first sale | Active deployment | $22.4M Mar 27, 2024 | 41 | $75.0M of $75.0M | Jul 29, 2022 |
| Equal Ventures 2, LP | Fund | 2022 form d first sale | Active deployment | $8.2M Mar 27, 2024 | 65 | $94.8M of $100M | May 10, 2022 |
| Equal Ventures 1, LP | Fund | 2019 form d first sale | Mature | $185M Mar 27, 2024 | 70 | $55.0M of $55.0M | Feb 19, 2020 |
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, 1 departed
Ali Afridi
Associateinvestor
Richard John Zullo
Managing partnerManaging Member · since May 1, 2018
1 departed (kept with end dates)
- Richard Kerby · Managing Member · May 1, 2018 to Mar 27, 2024 Inference
Investments on record
27 edges, 27 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
40 relationships from shared deals, counted for the whole firm
Union Square Ventures 3 shared · recurringFika Ventures 2 shared · recurringChemistry Ventures Management, LLC 2 shared · recurringAvalanche Vc, LLC 2 shared · recurringVitalizevc Management, LLC 2 shared · recurringTwelve Below 2 shared · recurringAmerican Family Ventures 1 shared · one timeHalogen Ventures 1 shared · one timeLeap Forward Ventures, LLC 1 shared · one timeTAU Ventures, LLC 1 shared · one timeConvective Capital Management, LLC 1 shared · one timeAlleycorp Advisers, LLC 1 shared · one timeRocketship.vc, LLC 1 shared · one timePowerhouse Ventures 1 shared · one timePresidio Partners Management, LLC 1 shared · one timePropel Venture Partners Management Co. 1 shared · one timeA-Star Partners, LLC 1 shared · one timeFuel Capital 1 shared · one timeVolo Earth Ventures Management, LLC 1 shared · one timeHorizon Founders Capital, LLC 1 shared · one timeEL Cap Holdings Capital Partners, LLC 1 shared · one timeUncork Capital 1 shared · one timeEmergence Equity Management, Inc 1 shared · one timeService Provider Capital 1 shared · one timeThursday Ventures Management LLC 1 shared · one timeGutter Capital Management LLC 1 shared · one timePortfolia Venture Management, LLC 1 shared · one timePerceptive Ventures Management Company, LLC 1 shared · one timeHummingbird Ventures V US GP LLC 1 shared · one timeKickstart Capital, LLC 1 shared · one timeVenrex Investment Management LLP 1 shared · one timeAIR Street Capital II LP 1 shared · one timeOpulentia Ventures M LLC 1 shared · one timeBling Capital LLC 1 shared · one timeArdent Venture Partners, LLC 1 shared · one timeShrug, LLC 1 shared · one timeFJ Labs 1 shared · one timeTwelve Below 1 shared · one timeMCJ 1 shared · one timeFMO 1 shared · one time
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
5 dated events
- Mar 27, 2024Richard Kerby (Managing Member) no longer on Schedule A of Equal Ventures
- Mar 22, 2022Equal Ventures 2, LP first reported on Form ADV by Equal Ventures (Venture Capital Fund)Fund first reported on Form ADVFundsFactEqual Ventures 2, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 22, 2022Equal Ventures Opportunity 1 LP, LLC first reported on Form ADV by Equal Ventures (Venture Capital Fund), GAV $19,275,000Fund first reported on Form ADVFundsFactEqual Ventures Opportunity 1 LP, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 16, 2019Equal Ventures 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)
- Aug 16, 2019Equal Ventures 1, LP first reported on Form ADV by Equal Ventures (Venture Capital Fund), GAV $33,536,653Fund first reported on Form ADVFundsFactEqual Ventures 1, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $216M
Evidence
48 observations from 3 sources