Ashwood Capital Management Ltd
Institutional venture firm, based in Ebene, reporting $1.6B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
99 additional team members, 37 additional co-investors and affiliates, 84 additional investments, funds and LPs, 8 events, 119 verified contacts (81 professional url, 37 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
- 20 companiesnew in 12 months
20 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 2 departurespeople, 12 months
A team member departed (seen on or before 30 Sep 2026, the day it happened is not on record). 2 departures on record in 12 months.
A partner leaving or arriving changes who decides, and who a founder or LP should call.
InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam → - 3 companiesportfolio raising
3 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 17 Jul 2026 ($38.3M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 6 dealswith Khosla Ventures
Invests most often alongside Khosla Ventures (6 shared deals) and Geodesic Investments (4 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- Partner & Co-Founder // USWhy: Founder of the firmEmailProfile
- Partner // USWhy: Partner: part of the investment decisionEmailProfile
- Partner // USWhy: Partner: part of the investment decisionNo route on file yet
Relationship network
228 connected entities20 observed rounds5 repeat counterparties
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 Ashwood Capital Management Ltd: 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 Ashwood Capital Management Ltd
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
131 companies on record, 20 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 |
|---|---|---|---|---|---|---|---|
| Airbound LSIP Investment | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Apna LSIP Investment | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Bachatt LSIP Investment | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, healthcare, hardware, cybersecurity
- Stages
- seed, series a, series b
- Geography
- global, india
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
112 current, 5 departed
Decision makers
- Ravi Mhatre · Partner & Co-Founder // USWhy this person: Founder of the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link and work email on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
- Will Kohler · Partner // USWhy this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01LinkedIn or profile link and work email on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
- Shelley Chu · Partner // USWhy this person: Partner: part of the investment decision; 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.- Partner & Co-Founder // US
- Partner // US · 2 deals attributed
- Partner // US · 2 deals attributed
6 departed (kept with end dates)
- Brenton Fargnoli · Partner // US · ? to Sep 30, 2026 Inference
- Claire Zau · Partner & New Media // US · ? to Sep 30, 2026 Inference
- Mark Sui · Partner // US · ? to Sep 30, 2026 Inference
Contacts
37 published business email, 1 firm phone, 81 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
9 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 |
|---|---|---|---|---|---|---|---|
| Lightspeed India Partners IV, LLC | Fund | 2023 adv first reported | Active deployment | $610M Jul 9, 2026 | 72 | $0 | Jun 22, 2022 |
| Amplify IV Pcc | Fund | 2023 form d first sale | Active deployment | $5.5M Jul 9, 2026 | 3 | $50,000 | Apr 25, 2024 |
| Amplify III Pcc | Fund | 2022 form d first sale | Active deployment | $4.3M Jul 9, 2026 | 5 | $50,000 | Mar 30, 2023 |
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.Relationships across DFX
196 co-investors · on 2 other DFX graphs
Co-investors
- 2026-09-306 shared deals · strong · they led 1 · this firm led 2
- 2026-10-014 shared deals · strong
- 2026-09-304 shared deals · strong · they led 1
Across DFX and the capital chainon 2 other DFX graphs ShowHide
- The same institution is held on Private Equity, Private Credit, matched by identifier. See which records
Ashwood Capital Management Ltd is the same institution as 2 records in Private Equity and Private Credit.
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…
Evidence and history
13 dated events, 49 observations from 3 sources
Timeline
- seen on or beforeSep 30, 2026Mark Sui (Partner // US) no longer on the team page of Ashwood Capital Management Ltd
- seen on or beforeSep 16, 2026Luke Beseda (Partner, People Infrastructure // US) no longer on the team page of Ashwood Capital Management Ltd
- Mar 28, 2023Amplify III Pcc first reported on Form ADV by Ashwood Capital Management Ltd (Venture Capital Fund), GAV $4,603,057
- Mar 28, 2023Amplify IV Pcc first reported on Form ADV by Ashwood Capital Management Ltd (Venture Capital Fund), GAV $286,176
- Mar 28, 2023Lightspeed India Partners IV, LLC first reported on Form ADV by Ashwood Capital Management Ltd (Venture Capital Fund), GAV $498,539,671
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jul 9, 2026 · 6 private fundsShowHide
Website description: Lightspeed Venture Partners is a multi-stage VC firm backing bold founders and disruptive innovations from Seed to Series F.
- Headquarters
- Ebene, Mauritiusadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- 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
- Jul 9, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Director Services Ltd (Director); Ashwood Holdings (Owner), owns 75% or more; Ashwood Foundation (Owner), owns 75% or more
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.6B across 9 vehicles
- Sep 14, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.8B across 7 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.8B across 6 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC exemption claimed | Venture capital fund adviser | Mar 25, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Jul 9, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 25, 2024 | Fact | Form ADV |
| First Form ADV filing | 2020-06-22 | Jul 9, 2026 | Fact | Form ADV |
| First Form ADV filing | 2020-06-22 | Mar 25, 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 | 2026-07-09 | Jul 9, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-25 | Mar 25, 2024 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jul 9, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 25, 2024 | Fact | Form ADV |
| Business phone | Mar 25, 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 | ||
| Headquarters | Ebene, Mauritius | Mar 25, 2024 | Fact | Form ADV |
| Office address | Mar 25, 2024 | Fact | Form ADV | |
| Legal form | Corporation | Mar 25, 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 | 6 | Jul 9, 2026 | Fact | Form ADV |
| Private funds reported | 6 | Mar 25, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.6B | Jul 9, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.8B | Mar 25, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 14, 2026 | Fact | Form ADV |
| Stated geography | Global, india “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Global, india “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Global, india “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, hardware, cybersecurity “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, hardware, cybersecurity “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, healthcare, hardware, cybersecurity “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | Seed, series a, series b “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Seed, series a, series b “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Seed, series a, series b “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 | 6 | Jul 9, 2026 | Fact | Form ADV |
| Venture funds reported | 6 | Mar 25, 2024 | Fact | Form ADV |
| Website | Mar 25, 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 $1.6B across 9 vehicles
One of 2 advisers that share lsvp.com; the firm is Lightspeed Venture Partners. Lightspeed Venture Partners. 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: 0.67 · funds: 0.75 · people: 1 · investments: 0.72 · co investors: 0
- active deployment
- investments 12m: 0.25 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-04
- emerging manager
- fund count: 9 · reported gav: $1.6B · first adv filing: 2020-06-22 · years since first filing: 6.3
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Grouped with firm2026-09-14
- Adviser's first ADV filing2020-06-22source 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.