SYN Ventures Management LLC
Venture Capital for Cybersecurity Companies. SYN Ventures invests in disruptive, transformational solutions that reduce technology risk.
In the firm's own words, from its website.
12 additional team members, 20 additional co-investors and affiliates, 31 additional investments, funds and LPs, 3 events, 22 verified contacts (21 professional url, 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
- 1 companynew in 12 months
1 new company in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 8 Jul 2026 ($12M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 4 dealswith Rally Ventures Management
Invests most often alongside Rally Ventures Management (4 shared deals) and DataTribe (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Managing Partner & IC Chairman for Flagship FundsWhy: Managing partner: runs the firmProfile
- PrincipalWhy: Principal on the deal teamProfile
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
75 connected entities13 observed rounds4 repeat counterparties3 dated rounds shown here, 2022 to 2025
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.
- 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 SYN Ventures Management LLC: 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 SYN Ventures Management LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
33 companies on record, 1 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.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Adlumin | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| AIceberg Inc. | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Arcade | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- enterprise software, defense, cybersecurity, industrial
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
16 current, 2 departed
Decision makers
- Art Coviello · Managing Partner & IC Chairman for Flagship FundsWhy this person: Managing partner: runs the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website), confirmed 2026-09-30, confidence 90%
- Amal Kothari · PrincipalWhy this person: Principal on the deal team; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
- Jay Alan Leek · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
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. 2 with a route on file. 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.- Managing Partner & IC Chairman for Flagship Funds · 1 deal attributed
- Managing Partner · 9 deals attributed
- Principal
3 departed (kept with end dates)
- Patrick Heim · Managing Partner · May 1, 2021 to Mar 27, 2024 Inference
- Ryan Permeh · Operating Partner · ? to Sep 30, 2026 Inference
- Robert Edward Enslein · Chief Operating Officer, Chief Compliance Officer · May 1, 2021 to Mar 6, 2026 Fact
Contacts
1 firm phone, 21 professional url 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| SYN Ventures Fund H, LLC | Fund | 2023 form d first sale | Active deployment | $80.1M Mar 6, 2026 | 12 | $20.0M of $20.0M | Apr 21, 2023 |
| SYN Ventures Fund II LP | Fund | 2022 form d first sale | Active deployment | $314M Mar 6, 2026 | 174 | $295M of $300M | May 24, 2022 |
| SYN Ventures Fund Ii-A LP | Feeder or parallel | 2022 form d first sale | Active deployment | $6.4M Mar 6, 2026 | 28 | $4.8M of $300M | May 24, 2022 |
Limited partners
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.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| The Teagle Foundation Incorporated | FOUNDATION | SYN Ventures Fund LP at SYN Ventures Management LLC | $1.2M fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| The Teagle Foundation Incorporated | FOUNDATION | SYN Ventures Fund II LP | $179,569 fair value on the foundation's return | reported as of Jun 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
| Hillman Family Foundations | FOUNDATION | SYN Ventures Fund II LP | $1.5M 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
23 co-investors · on 1 other DFX graph
Co-investors
- 2026-09-304 shared deals · strong
- 2026-09-302 shared deals · recurring
- 2026-09-302 shared deals · recurring
Across DFX and the capital chainon 1 other DFX graph · 2 capital paths ShowHide
- The same institution is held on Allocators, matched by identifier. See which records
SYN Ventures Management LLC is the same institution as 1 record in Allocators.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
SYN Ventures Management LLC sits on 2 traced paths of capital across the graphs.
DFX traced 2 paths 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
8 dated events, 57 observations from 3 sources
Timeline
- Mar 6, 2026Robert Edward Enslein (Chief Operating Officer, Chief Compliance Officer) no longer on Schedule A of SYN Ventures Management LLC
- Mar 6, 2026SYN Ventures Fund III LP first reported on Form ADV by SYN Ventures Management LLC (Venture Capital Fund), GAV $300,000,000
- Mar 27, 2024SYN Ventures Fund H, LLC first reported on Form ADV by SYN Ventures Management LLC (Venture Capital Fund), GAV $41,786,951
- Mar 27, 2024Patrick Heim (Managing Partner) no longer on Schedule A of SYN Ventures Management LLC
- Mar 16, 2023SYN Ventures Fund II LP first reported on Form ADV by SYN Ventures Management LLC (Venture Capital Fund), GAV $294,000,000
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 6, 2026 · 5 private fundsShowHide
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- unknownadviserinfo.sec.gov
- Website
- synventures.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
- Mar 6, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $959Madviserinfo.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 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $659M across 4 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $592M across 4 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 6, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 6, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 6, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 6, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-07-27 | Mar 6, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-07-27 | Mar 27, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | 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 | 2026-03-06 | Mar 6, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-06 | Mar 6, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 6, 2026 | Fact | Form ADV |
| SEC status effective | 2021-07-27 | Mar 6, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 6, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2024 | Fact | Form ADV |
| Business phone | Mar 6, 2026 | Fact | Form ADV | |
| Business phone | Mar 27, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 14, 2026 | Fact | ||
| Self-described type | Venture capital | Sep 30, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 14, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 6, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 27, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 5 | Mar 6, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 6, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 27, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $959M | Mar 6, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $959M | Mar 6, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $592M | Mar 27, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 6, 2026 | Fact | Form ADV |
| Stated sectors | Enterprise software, defense, cybersecurity, industrial “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Enterprise software, defense, cybersecurity, industrial “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Enterprise software, defense, cybersecurity, industrial “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 14, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 6, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 6, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 27, 2024 | Fact | Form ADV |
| Website | Mar 6, 2026 | Fact | Form ADV | |
| Website | Mar 27, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $659M across 4 vehicles
This firm files as 2 advisers on synventures.com: SYN Ventures Seed Management 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.
- importance
- gav: 0.55 · funds: 0.33 · people: 0.48 · investments: 0.62 · co investors: 0.55
- active deployment
- investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-04
- emerging manager
- fund count: 4 · reported gav: $659M · first adv filing: 2021-07-27 · years since first filing: 5.2
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2021-07-27source 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.