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 / Valuestream Ventures
Valuestream Ventures
both early and growth/opportunity families, reported GAV $99M
Importance
34
moderate
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
19
moderate
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 617 417 8090adviserinfo.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 31, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $122Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Valuestream LLC (Member), E
- business phone
- 617 417 8090adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
45 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, consumer, marketplaces, climate, space, b2b, vertical saas
- Stages
- early
- Geography
- los angeles
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 86%Other Technology 9%Other 2%Business Services 2%
lead rate n/afollow-on rate n/anew logos, 12 months 44
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Valuestream Ventures 2023 Fund LP | Fund | 2023 name year | Active deployment | $21.3M Mar 27, 2024 | 24 | $44.6M of $44.6M | Mar 20, 2025 |
| Valuestream Ventures 2020 Fund L.P. | Fund | 2020 name year | Mature | $22.8M Mar 27, 2024 | 2 | $25.3M of $75.0M | Feb 12, 2020 |
| Valuestream Ventures 2017 Fund LLC | Fund | 2017 name year | Harvest | $22.7M Mar 27, 2024 | 24 | $5.0M | Aug 24, 2017 |
| Valuestream Ventures Opportunities Fund I LLC | Opportunity fund | unknown | Unknown | $29.6M Mar 27, 2024 | 1 | unknown | unknown |
| Valuestream Development Lab Fund LLC | Fund | unknown | Unknown | $2.5M Mar 27, 2024 | 33 | unknown | unknown |
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
6 current, 0 departed
Greg Neufeld
General partnerGeneral Partner
Josh Elwell
General partnerGeneral Partner
Karl Antle
General partnerGeneral Partner
Gregory Neufeld
PartnerPartner · since Apr 1, 2013
Joshua Elwell
PartnerPartner · since Apr 1, 2013
Karl D Antle
PartnerPartner · since Apr 1, 2013
Investments on record
45 edges, 44 companies, 1 partner-attributed
“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
35 relationships from shared deals, counted for the whole firm
Bullpen Management, LLC 3 shared · recurringBessemer Venture Partners 1 shared · one time · they led 1Ripple Manager Inc. 1 shared · one timeAlsop Louie Partners 1 shared · one timeTeamworthy Group LLC 1 shared · one timeCNK Equity Partners I, LLC 1 shared · one timeCity Light Capital Management III, LLC 1 shared · one timeTIA Ventures Management, LLC 1 shared · one timeQED Investors, LLC 1 shared · one time8-Bit Capital Management, LLC 1 shared · one timeFlare Capital Management Company, LLC 1 shared · one timeEntrepreneur First Investment Manager LLP 1 shared · one timeBlumberg Capital, L.L.C. 1 shared · one timeKickstart Capital, LLC 1 shared · one timeReformation Management, LLC 1 shared · one timeChemistry Ventures Management, LLC 1 shared · one timeTransform Capital 1 shared · one timeCoatue Management, L.L.C. 1 shared · one timeGrdnt LLC 1 shared · one timeAnthemis 1 shared · one timeSpero Management Company, LLC 1 shared · one timeRetv Management, LLC 1 shared · one timeInterplay Ventures Early Stage Management LLC 1 shared · one timeAlleycorp Advisers, LLC 1 shared · one timeElectric Capital Partners, LLC 1 shared · one timeRiverwalk Capital 1 shared · one timeAIM Master I (bvi) Ltd. 1 shared · one timeDifferential Venture Partners, LLC 1 shared · one timeFika Ventures 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeWorking Capital 1 shared · one timeRadical Ventures 1 shared · one timeVillage Global Management, L.L.C. 1 shared · one timeCollab+currency Management, LLC 1 shared · one timeMeyer Keith Management, LLC 1 shared · one time
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
6 dated events
- Mar 27, 2024Valuestream Ventures 2023 Fund LP first reported on Form ADV by Valuestream Ventures (Venture Capital Fund), GAV $21,316,967Fund first reported on Form ADVFundsFactValuestream Ventures 2023 Fund LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020Valuestream Ventures 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)
- Mar 27, 2020Valuestream Ventures Opportunities Fund I LLC first reported on Form ADV by Valuestream Ventures (Venture Capital Fund), GAV $4,961,911Fund first reported on Form ADVFundsFactValuestream Ventures Opportunities Fund I LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020Valuestream Development Lab Fund LLC first reported on Form ADV by Valuestream Ventures (Venture Capital Fund), GAV $7,598,186Fund first reported on Form ADVFundsFactValuestream Development Lab Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020Valuestream Ventures 2020 Fund L.P. first reported on Form ADV by Valuestream Ventures (Venture Capital Fund), GAV $25,118,846Fund first reported on Form ADVFundsFactValuestream Ventures 2020 Fund L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2020Valuestream Ventures 2017 Fund LLC first reported on Form ADV by Valuestream Ventures (Venture Capital Fund), GAV $12,649,441Fund first reported on Form ADVFundsFactValuestream Ventures 2017 Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $99M
Evidence
42 observations from 3 sources