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 / Lacuna LLC

Lacuna LLC

Micro VC · probableBoulder, COlacuna.comSEC exempt reporting adviser

venture manager, reported GAV $5.0M across 1 vehicles

Importance
7
low
Active deployment
8
low
Emerging
0
low
Completeness
50
elevated
Freshness
100
high
Research priority
4
low
Identity and regulatory footprint
Headquarters
Boulder, COadviserinfo.sec.gov
Office address
1221 PEARL ST, Boulder, CO, 80302adviserinfo.sec.gov
Business phone
303-381-3211adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
private fund adviseradviserinfo.sec.gov
Latest Form ADV
Mar 28, 2023
Private funds reported
2 (1 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$6.0Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
303-381-3211adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
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
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
1 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Lacuna Venture Fund, LLLPFundunknownUnknown$5.0M
Mar 28, 2023
25unknownunknown
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
5 current, 0 departed
James K Hullett
Managing Member Lacuna Llc, Managing Partner, Lacuna Hedge Fund Gp, Lllp, Managing Partner, Lacuna Venture Fund Gp, Lllp · since Oct 1, 2006
Managing partner
Rawleigh Hazen Ralls
Managing Member Lacuna Llc, Managing Partner, Lacuna Hedge Fund Gp, Lllp, Managing Partner, Lacuna Venture Fund Gp, Lllp · since Oct 1, 2006
Managing partner
Richard Michael Oleary
Managing Member Lacuna Llc, Managing Partner, Lacuna Hedge Fund Gp, Lllp, Managing Partner, Lacuna Venture Fund Gp, Lllp · since Oct 1, 2006
Managing partner
Sanford Keziah
Managing Member Lacuna Llc, Managing Partner, Lacuna Venture Fund Gp, Lllp · since Oct 1, 2006
Managing partner
Winfield Jones
Managing Member Lacuna Llc, Managing Partner, Lacuna Hedge Fund Gp, Lllp, Managing Partner, Lacuna Venture Fund Gp, Lllp · since Oct 1, 2006
Managing partner
Investments on record
2 edges, 2 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Helpportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Hoverportfolio listingunknownunknownunknownunknownSep 16, 2026Fact 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
3 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
  1. Mar 29, 2012
    Lacuna LLC first filed Form ADV (ERA)
  2. Mar 29, 2012
    Lacuna Venture Fund, LLLP first reported on Form ADV by Lacuna LLC (Venture Capital Fund), GAV $12,800,000
Classification history
  1. Sep 12, 2026
    Micro VC (probable, 80%, cls-1)
    venture manager, reported GAV $5.0M across 1 vehicles
Evidence
34 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedprivate_fund_adviserMar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-29Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2023-03-28Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds1Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone303-381-3211Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttp://lacuna.com/contact
contact page linked from the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersBoulder, COMar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address1221 PEARL ST, Boulder, CO, 80302Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyMar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttp://lacuna.com/portfolio
7 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttp://lacuna.com/portfolio
7 entries read
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported2Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$6.0MMar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Team pagehttp://lacuna.com/team
0 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttp://lacuna.com/team
0 name/title pairs read
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported1Mar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.LACUNA.COMMar 28, 2023FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site title
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site title
title tag
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)