Alleycorp Advisers, LLC logo

Alleycorp Advisers, LLC

Institutional venture firmSEC venture capital fund adviserEmerging manager· New York, New Yorkalleycorp.com

Institutional venture firm, based in New York, New York, reporting $254M of fund assets on its funds' Form ADV filings.

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

Reported fund assets
$254M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
3
Investment team
15
Latest vintage
2023
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

24 additional team members, 37 additional co-investors and affiliates, 125 additional investments, funds and LPs, 47 verified contacts (45 professional url, 1 general firm 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. 3 companies
    new in 12 months

    3 new companies in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 4 companies
    portfolio raising

    4 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 30 Sep 2026 ($36M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire;For Co-investors, LPs, lendersInvestments →
  3. 5 deals
    with Sequoia Capital

    Invests most often alongside Sequoia Capital (5 shared deals) and Actions (4 shared deals).

    pair last observed on record 1 Oct 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 & CTO; CEO of Toboggan Labs
    Why: Runs the firm (chief executive or president)
    Profile
  • Partner & CEO at Soul Search
    Why: Runs the firm (chief executive or president)
    Profile
  • Partner
    Why: Partner: part of the investment decision
    Profile

Relationship network

203 connected entities13 observed rounds1 repeat counterparty

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.

Reading the network
  • 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 Alleycorp Advisers, 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 Alleycorp Advisers, LLC

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

Investing

128 companies on record, 3 new in 12 months

Investments on record

128 companies, 11 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Actual AIportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Addiportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Aescapeportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

140 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
seed 50%series a 50%
Stage at first entry
seed 50%series a 50%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (12)Healthcare services (2)Hospitality and leisure (1)
lead rate 33%follow-on rate 8%new companies, 12 months 3

Team

28 current, 1 departed

Decision makers

who to call first, and why; then everyone else by function
  • Florencia Herra Vega · Partner & CTO; CEO of Toboggan Labs
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01
    LinkedIn or profile link on file (firm website), confirmed 2026-10-01, confidence 90%
  • Michelle Garland · Partner & CEO at Soul Search
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01
    LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%
  • Susannah Shipton · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01
    LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%

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. 3 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

28 current, 1 departed
1 departed (kept with end dates)

Contacts

1 general firm email, 1 firm phone, 45 professional url

1 general firm email, 1 firm phone, 45 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

1 vehicle, 0 LPs disclosed

Funds and vehicles

1 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Alleycorp Partners LPFund2023 form d first saleActive deployment$254M
Mar 23, 2026
39$254M
of $254M
Apr 10, 2024

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

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

120 co-investors

Co-investors

120 counted from shared deals, for the whole firm

Evidence and history

3 dated events, 51 observations from 3 sources

Timeline

3 dated events
  1. Mar 23, 2026
    Alleycorp Partners II LP first reported on Form ADV by Alleycorp Advisers, LLC (Venture Capital Fund), GAV $209,910,000
    Fund first reported on Form ADVFundsInferenceAlleyCorp Partners II LPForm ADV
  2. Sep 11, 2023
    Alleycorp Advisers, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
  3. Sep 11, 2023
    Alleycorp Partners LP first reported on Form ADV by Alleycorp Advisers, LLC (Venture Capital Fund), GAV $178,750,000
    Fund first reported on Form ADVFundsFactAlleycorp Partners LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 23, 2026 · 2 private fundsShow
Headquarters
New York, NYadviserinfo.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
Mar 23, 2026
Private funds reported
2 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$464Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $254M across 1 vehicle
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $179M across 1 vehicle

Evidence

56 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 23, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 23, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 23, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 23, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2023-09-11Mar 23, 2026FactForm ADV
First Form ADV filing2023-09-11Mar 28, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm 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 filing2026-03-23Mar 23, 2026FactForm ADV
Latest Form ADV filing2026-03-23Mar 23, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 23, 2026FactForm ADV
SEC status effective2023-09-11Mar 23, 2026FactForm ADV
Venture share of reported funds1Mar 23, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 23, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
HeadquartersNew York, NYMar 23, 2026FactForm ADV
HeadquartersNew York, NYMar 28, 2024FactForm ADV
Office addressMar 23, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Legal formLimited Liability CompanyMar 23, 2026FactForm ADV
Legal formLimited Liability CompanyMar 28, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported2Mar 23, 2026FactForm ADV
Private funds reported2Mar 23, 2026FactForm ADV
Private funds reported1Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$464MMar 23, 2026FactForm ADV
Private fund gross assets (reported)$464MMar 23, 2026FactForm ADV
Private fund gross assets (reported)$179MMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Mar 23, 2026FactForm ADV
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported2Mar 23, 2026FactForm ADV
Venture funds reported2Mar 23, 2026FactForm ADV
Venture funds reported1Mar 28, 2024FactForm ADV
WebsiteMar 23, 2026FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
54
elevated
Active deployment
36
elevated
Emerging
62
high
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $254M across 1 vehicle

The inputs behind each score
importance
gav: 0.43 · funds: 0.08 · people: 0.64 · investments: 0.8 · co investors: 0.84
active deployment
investments 12m: 0.38 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-05
emerging manager
fund count: 1 · reported gav: $254M · first adv filing: 2023-09-11 · years since first filing: 3.1

Fits, record history and connections

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

Fits

6 scored matches, best firstas of
  • score 55.8confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio
  • score 43.3confidence 100%
    Why: sector fit; activity; analogous; cap table
    Watch: adjacent portfolio
  • score 41confidence 100%
    Why: stage fit; activity; cap table; emerging

+3 more scored matches

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

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2023-09-11source 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.