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 / Footwork Management, LLC
Footwork Management, LLC
Footwork is an early-stage focused venture capital firm founded by Mike Smith and Nikhil Basu Trivedi.
venture manager, reported GAV $159M across 2 vehicles
Importance
25
moderate
Active deployment
29
moderate
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
10
low
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 2430 3RD ST, San Francisco, CA, 94107adviserinfo.sec.gov
- Business phone
- 415-347-1782adviserinfo.sec.gov
- Website
- https://www.footwork.vc/
- 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 13, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $424Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- hello@footwork.vcfootwork.vcpublished by the subject
- business phone
- 415-498-0161adviserinfo.sec.govpublished by the subject
- business phone
- 415-347-1782adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, consumer
- Stages
- seed, series a, early
- Geography
- bay area, india, uk, virginia
- Check size
- $1.0M to $15.0M stated by the firm
- Self-described
- venture capital
“We typically invest between $1 and $15 million initially.”
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 33%Retailing 33%Other Technology 33%
lead rate 100%follow-on rate 0%new logos, 12 months 1
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Footwork Fund II, L.P. | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $225M of $225M | Feb 24, 2025 |
| Footwork Fund I, L.P | Fund | 2021 form d first sale | Mature | $159M Feb 8, 2024 | 117 | $170M of $170M | Apr 15, 2021 |
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
2 current, 0 departed
Michael Channing Smith
Managing partnerManaging Member · since Mar 1, 2021
Nikhil Basu Trivedi
Managing partnerManaging Member · since Mar 1, 2021
Investments on record
3 edges, 3 companies, 2 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Snout | Funding round | lead | unknown | $110M | unknown | Jan 28, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| WindBorne Systems Inc. | board seat | unknown · board | Nikhil Basu Trivedi (strongly supported) | unknown | unknown | May 29, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
| Literati, Inc. | board seat | unknown · board | Nikhil Basu Trivedi (strongly supported) | unknown | unknown | Jan 2, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
“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
5 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
- Jun 4, 2021Footwork 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)
- Jun 4, 2021Footwork Fund I, L.P first reported on Form ADV by Footwork Management, LLC (Venture Capital Fund), GAV $175,257,732Fund first reported on Form ADVFundsFactFootwork Fund I, L.PSEC 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 $159M across 2 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $159M across 1 vehicles
Evidence
47 observations from 3 sources