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 / Wonder Fund Management LLC
Wonder Fund Management LLC
Institutional venture firmUSSEC venture capital fund adviserfundraising evidence
venture manager, reported GAV $63M across 7 vehicles
Importance
18
moderate
Active deployment
60
high
Emerging
0
low
Completeness
38
elevated
Freshness
97
high
Research priority
21
moderate
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 206 790-4014adviserinfo.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
- Mar 28, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $76.8Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 206 790-4014adviserinfo.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
7 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Wonder Fund VI LLC | Fund | 2026 form d first sale | Fundraising | unknown | unknown | $11.7M of $15.0M | Mar 24, 2026 |
| Wonder Fund IV LLC | Fund | 2024 form d first sale | Early deployment | $8.5M Jul 3, 2024 | 50 | $8.8M of $8.8M | Mar 12, 2024 |
| Wonder Fund I LLC | Fund | unknown | Unknown | $15.9M Jul 3, 2024 | 85 | $0 of $13.0M | May 17, 2021 |
| Wonder Fund V LLC | Fund | unknown | Unknown | $12.4M Jul 3, 2024 | 27 | $0 of $15.0M | Apr 23, 2024 |
| Wonder Fund III | Fund | unknown | Unknown | $11.9M Jul 3, 2024 | 72 | $0 of $15.0M | May 19, 2022 |
| Wonder Fund II LLC | Fund | unknown | Unknown | $8.1M Jul 3, 2024 | 16 | $0 of $7.0M | May 17, 2021 |
| Wonder Fund IV - a LLC | Feeder or parallel | unknown | Unknown | $6.1M Jul 3, 2024 | 24 | $0 of $3.0M | Apr 23, 2024 |
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
Michael Wargel
Managing partnerManaging Member · since Apr 1, 2021
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
7 dated events
- Jul 3, 2024Wonder Fund Management 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)
- Jul 3, 2024Wonder Fund IV - a LLC first reported on Form ADV by Wonder Fund Management LLC (Venture Capital Fund), GAV $6,090,000Fund first reported on Form ADVFundsFactWonder Fund IV - a LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 3, 2024Wonder Fund IV LLC first reported on Form ADV by Wonder Fund Management LLC (Venture Capital Fund), GAV $8,500,000Fund first reported on Form ADVFundsFactWonder Fund IV LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 3, 2024Wonder Fund I LLC first reported on Form ADV by Wonder Fund Management LLC (Venture Capital Fund), GAV $15,946,592Fund first reported on Form ADVFundsFactWonder Fund I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 3, 2024Wonder Fund II LLC first reported on Form ADV by Wonder Fund Management LLC (Venture Capital Fund), GAV $8,076,252Fund first reported on Form ADVFundsFactWonder Fund II LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 3, 2024Wonder Fund III first reported on Form ADV by Wonder Fund Management LLC (Venture Capital Fund), GAV $11,861,758Fund first reported on Form ADVFundsFactWonder Fund IIISEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jul 3, 2024Wonder Fund V LLC first reported on Form ADV by Wonder Fund Management LLC (Venture Capital Fund), GAV $12,404,730Fund first reported on Form ADVFundsFactWonder Fund V 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 $63M across 7 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $63M across 6 vehicles
Evidence
23 observations from 2 sources