GSV Ventures Management, LLC

Institutional venture firmSEC venture capital fund adviser· Chicago, Illinoisgsv.ventures

Institutional venture firm, based in Chicago, Illinois, reporting $582M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$582M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
17
Latest vintage
2023
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (13)Team (34)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

30 additional team members, 7 additional co-investors and affiliates, 23 additional investments, funds and LPs, 14 events, 16 verified contacts (14 professional url, 1 published business email, 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. 4 deals
    with Jump Capital

    Invests most often alongside Jump Capital (4 shared deals) and OWL Ventures (4 shared deals).

    pair last observed on record 7 Jun 2021, 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
  • Adam Freed
    Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Sergey Karayev
    Partner and Co-Founder of Volition
    Why: Founder of the firm
    No route on file yet
  • Deborah Hicks Quazzo
    Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

72 connected entities7 observed rounds5 repeat counterparties4 dated rounds shown here, 2018 to 2021

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.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

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 GSV 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 GSV Ventures Management, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

13 companies on record, 0 new in 12 months
Investments on record
13 companies, 7 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
CliffsNotesportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Course Heroportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Learn More & Registerportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
18 observed deals
Stated (the firm’s website)
Sectors
media
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
unknown 100%
lead rate no observed dealsfollow-on rate 100%new companies, 12 months 0

Team

34 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
  • Adam Freed · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Sergey Karayev · Partner and Co-Founder of Volition
    Why this person: Founder of the firm; Named with investment responsibility
  • Deborah Hicks Quazzo · Managing Member
    Why this person: 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. 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
34 current, 1 departed
1 departed (kept with end dates)
Contacts
1 published business email, 1 firm phone, 14 professional url

1 published business email, 1 firm phone, 14 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

16 vehicles, 0 LPs disclosed
Funds and vehicles
16 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
GSV Ventures Fund III Affiliates, L.P.Feeder or parallel2023 adv first reportedActive deployment$2.4M
Apr 29, 2026
19$0
of $2.6M
Jun 8, 2022
GSV Sl, L.P.Fund2022 form d first saleActive deployment$22.6M
Apr 29, 2026
3$25.0MDec 8, 2022
GSV Ch III, LPFund2022 form d first saleActive deployment$2.9M
Apr 29, 2026
1$5.0M
of $5.0M
Jul 8, 2022
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
1 relationship across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
The Teagle Foundation IncorporatedFOUNDATIONGSV Acceleration Fund I, L.P.$255,390
fair value on the foundation's return
reported as of Jun 30, 2025Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

10 co-investors · on 2 other DFX graphs
Co-investors
10 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

GSV Ventures Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

GSV Ventures Management, LLC sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path 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

19 dated events, 63 observations from 4 sources
Timeline
19 dated events
  1. Mar 25, 2024
    William Epamin Vastardis (Chief Compliance Officer) no longer on Schedule A of GSV Ventures Management, LLC
    Person leftPeopleInferenceWilliam Epamin VastardisForm ADV
  2. Mar 31, 2023
    GSV Ventures Fund III Affiliates, L.P. first reported on Form ADV by GSV Ventures Management, LLC (Venture Capital Fund), GAV $578,992
    Fund first reported on Form ADVFundsFactGSV Ventures Fund III Affiliates, L.P.Form ADV
  3. Mar 31, 2023
    GSV Ch III, LP first reported on Form ADV by GSV Ventures Management, LLC (Venture Capital Fund), GAV $12,265,629
    Fund first reported on Form ADVFundsFactGSV Ch III, LPForm ADV
  4. Mar 31, 2023
    GSV Sl, L.P. first reported on Form ADV by GSV Ventures Management, LLC (Venture Capital Fund), GAV $24,452,619
    Fund first reported on Form ADVFundsFactGSV Sl, L.P.Form ADV
  5. Mar 31, 2022
    GSV Stars V, LP first reported on Form ADV by GSV Ventures Management, LLC (Venture Capital Fund), GAV $1,010,200
    Fund first reported on Form ADVFundsFactGSV Stars V, LPForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Apr 29, 2026 · 15 private fundsShow

Website description: PORTFOLIO OUR TEAM CONTACT ASU+GSV SUMMIT We’re Leveling Up Our new website is launching soon. Stay Connected Copyright 2026, GSV Ventures, all rights reserved

Headquarters
Chicago, ILadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
gsv.ventures
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 29, 2026
Private funds reported
15 (15 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$582Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $582M across 16 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $601M across 16 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $595M across 15 vehicles
Evidence
69 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedApr 29, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserApr 29, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 25, 2024FactForm ADV
SEC adviser typeExempt reporting adviserApr 29, 2026FactForm ADV
SEC adviser typeExempt reporting adviserApr 29, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 25, 2024FactForm ADV
First Form ADV filing2016-08-25Apr 29, 2026FactForm ADV
First Form ADV filing2016-08-25Mar 25, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-04-29Apr 29, 2026FactForm ADV
Latest Form ADV filing2026-04-29Apr 29, 2026FactForm ADV
Latest Form ADV filing2024-03-25Mar 25, 2024FactForm ADV
SEC statusERA - ActiveApr 29, 2026FactForm ADV
SEC status effective2023-03-31Apr 29, 2026FactForm ADV
Venture share of reported funds1Apr 29, 2026FactForm ADV
Venture share of reported funds1Mar 25, 2024FactForm ADV
Business phoneApr 29, 2026FactForm ADV
Business phoneMar 25, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 14, 2026Factno URL
HeadquartersChicago, ILApr 29, 2026FactForm ADV
HeadquartersChicago, ILMar 25, 2024FactForm ADV
Office addressApr 29, 2026FactForm ADV
Office addressMar 25, 2024FactForm ADV
Legal formLimited Liability CompanyApr 29, 2026FactForm ADV
Legal formLimited Liability CompanyMar 25, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 14, 2026Factno URL
Private funds reported15Apr 29, 2026FactForm ADV
Private funds reported15Apr 29, 2026FactForm ADV
Private funds reported16Mar 25, 2024FactForm ADV
Private fund gross assets (reported)$582MApr 29, 2026FactForm ADV
Private fund gross assets (reported)$582MApr 29, 2026FactForm ADV
Private fund gross assets (reported)$601MMar 25, 2024FactForm ADV
Schedule a diffsadiff-1Sep 24, 2026FactForm ADV
Stated sectorsmedia
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsmedia
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsmedia
“sector words on the home page”
Sep 14, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 14, 2026Factno URL
Venture funds reported15Apr 29, 2026FactForm ADV
Venture funds reported15Apr 29, 2026FactForm ADV
Venture funds reported16Mar 25, 2024FactForm ADV
WebsiteMar 25, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 14, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
59
elevated
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $582M across 16 vehicles

The inputs behind each score
importance
gav: $1 · funds: 1 · people: 0.68 · investments: 0.47 · co investors: 0.4
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 16 · reported gav: $582M · first adv filing: 2016-08-25 · years since first filing: 10.1

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2016-08-25source 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.