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 / Incisive Venture Capital, LLC
Incisive Venture Capital, LLC
This firm files as 2 advisers on incisive.vc: MGT Investments, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
Incisive Ventures is a pre-seed fund in Seattle investing in technology companies that reduce friction at scale.
venture manager, reported GAV $3.5M across 2 vehicles
Importance
5
low
Active deployment
8
low
Emerging
54
elevated
Completeness
75
high
Freshness
100
high
Research priority
16
moderate
Identity and regulatory footprint
- Headquarters
- Seattle, WAadviserinfo.sec.gov
- Office address
- 2212 QUEEN ANNE AVE N, SUITE 827, Seattle, WA, 98109adviserinfo.sec.gov
- Business phone
- 206-618-1192adviserinfo.sec.gov
- Website
- https://incisive.vc
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Feb 15, 2024
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $3.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 206-618-1192adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, logistics, b2b
- Stages
- pre seed, seed, early
- Geography
- seattle
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- solo gp
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
1 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Incisive Vc Fund I, LP | Fund | 2022 form d first sale | Active deployment | $3.5M Feb 15, 2024 | 27 | $10.2M of $10.2M | Oct 7, 2025 |
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
1 current, 0 departed
Martin Gabriel Tobias
Managing partnerManaging Partner · since Oct 1, 2022
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| delphi.ai | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Joindayone | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“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
1 relationships from shared deals, counted for the whole firm
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
2 dated events
- Jan 10, 2023Incisive Venture Capital, LLC 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)
- Jan 10, 2023Incisive Vc Fund I, LP first reported on Form ADV by Incisive Venture Capital, LLC (Venture Capital Fund), GAV $3,755,000Fund first reported on Form ADVFundsFactIncisive Vc Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $3.5M across 2 vehicles
- Sep 12, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $3.5M across 1 vehicles
Evidence
30 observations from 2 sources