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 / Swell Collective Management
Swell Collective Management
Institutional venture firmLehi, UTSEC venture capital fund adviser
venture manager, reported GAV $114M across 3 vehicles
Importance
16
moderate
Active deployment
25
moderate
Emerging
60
high
Completeness
44
elevated
Freshness
97
high
Research priority
26
moderate
Identity and regulatory footprint
- Headquarters
- Lehi, UTadviserinfo.sec.gov
- Office address
- 2701 N THANKSGIVING WAY, #100, Lehi, UT, 84043adviserinfo.sec.gov
- Business phone
- 801-560-8450adviserinfo.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
- Apr 17, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $160Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 801-560-8450adviserinfo.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
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Swell Collective I, LP | Fund | 2023 form d first sale | Active deployment | $57.0M Mar 29, 2024 | 54 | $47.0M | Feb 26, 2024 |
| Swell Capital Coinvest I - Pag, LLC | SPV or co-invest vehicle | unknown | Unknown | $43.4M Mar 29, 2024 | 25 | $0 | Dec 6, 2023 |
| JK Andrus Investments, LLC | Fund | unknown | Unknown | $13.3M Mar 29, 2024 | 2 | 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
Jeremy Brent Andrus
Board or advisoryAdvisor · since Apr 1, 2023
Aaron Louis Derose
PartnerManaging Director · since Apr 1, 2023
Aaron Joseph Evans
Platform and operationsCfo, Cco · since Apr 1, 2023
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
4 dated events
- Jun 27, 2023Swell Collective Management 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)
- Jun 27, 2023Swell Collective I, LP first reported on Form ADV by Swell Collective Management (Venture Capital Fund), GAV $48,025,000Fund first reported on Form ADVFundsFactSwell Collective I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 27, 2023JK Andrus Investments, LLC first reported on Form ADV by Swell Collective Management (Venture Capital Fund), GAV $13,587,335Fund first reported on Form ADVFundsFactJK Andrus Investments, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 27, 2023Swell Capital Coinvest I - Pag, LLC first reported on Form ADV by Swell Collective Management (Venture Capital Fund), GAV $43,125,000Fund first reported on Form ADVFundsFactSwell Capital Coinvest I - Pag, 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 $114M across 3 vehicles
Evidence
29 observations from 2 sources