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 / Morgenthaler Management Corporation
Morgenthaler Management Corporation
Morgenthaler is a premier venture capital and private equity firm, dedicated to helping create companies of value for more than 40 years. Our Information Technology, Life Sciences and Private Equity teams have worked with outstanding entrepreneurs to build more than 300 companies.
venture manager, reported GAV $37.9M across 2 vehicles
Importance
23
moderate
Active deployment
19
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
8
low
Identity and regulatory footprint
- Headquarters
- Portola Valley, CAadviserinfo.sec.gov
- Office address
- 3200 ALPINE ROAD, Portola Valley, CA, 94028adviserinfo.sec.gov
- Business phone
- 650-388-7600adviserinfo.sec.gov
- Website
- HTTP://WWW.MORGENTHALER.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Aug 26, 2026
- Private funds reported
- 2 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $48.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $107Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 14
- business email
- bodorcic@morgenthaler.commorgenthaler.compublished by the subject
- business phone
- 650-388-7600adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
5 observed deals
Stated (the firm’s website)
- Sectors
- biotech
- Stages
- not stated or not yet read
- Geography
- not stated
- 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 100%
lead rate n/afollow-on rate n/anew logos, 12 months 5
Funds and vehicles
2 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Morgenthaler Venture Partners VI | Fund | 2010 lp reported | Harvest | unknown | unknown | unknown | unknown |
| Morgenthaler Venture Partners Ix, L.P. | Fund | unknown | Unknown | $37.9M May 14, 2024 | 54 | unknown | unknown |
| Morgenthaler Venture Partners V, L.P. | Fund | unknown | Wound down | $881,810 Jan 27, 2016 | 41 | 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
14 current, 12 departed
Bob Pavey
PartnerPartner
Gary Jordan Morgenthaler
PartnerMorgenthaler Management Corporation Shareholder, Partner · since Jun 1, 2009
Gary Little
PartnerPartner
Gary Morgenthaler
PartnerPartner
Gary Robert Little
PartnerMorgenthaler Management Corporation Shareholder, Partner, Director · since Jun 1, 2009
Henry Albert Plain
PartnerMorgenthaler Management Corporation Shareholder & Partner, Director · since Sep 1, 2010
John Donald Lutsi
PartnerMorgenthaler Management Corporation Shareholder, Partner Emeritus · since Jun 1, 2009
Peter Gress Taft
PartnerMorgenthaler Management Corporation Shareholder, Partner, Director · since Jun 1, 2009
Ralph Earl Christoffersen
PartnerMorgenthaler Management Corporation Shareholder, Partner · since Jun 1, 2009
Rebecca Ann Lynn
PartnerMorgenthaler Management Corporation Shareholder, Partner · since Sep 1, 2010
Rebecca Lynn
PartnerPartner
Robert Caldwell Bellas
PartnerMorgenthaler Management Corporation Shareholder, Partner · since Jun 1, 2009
Robert Davidson Pavey
PartnerMorgenthaler Management Corporation Shareholder, Partner · since May 1, 1981
Travis John Boettner
Platform and operationsChief Financial Officer & Cco · since Oct 1, 2015
12 departed (kept with end dates)
- Jaclyn Lettmann · Trustee · Jun 1, 2014 to Mar 29, 2018 Inference
- Leslie Frances Moffot · Trustee · May 1, 2008 to Mar 29, 2018 Inference
- Lettmann Jason · Trustee · Jun 1, 2014 to Mar 29, 2018 Inference
- Lisa Plain · Trustee · Sep 1, 1994 to Mar 29, 2018 Inference
- Terrance Shawn Lynn · Trustee · May 1, 2008 to Mar 29, 2018 Inference
- Gaye Elizabeth Morgenthaler · General Partner · Oct 1, 1998 to Mar 29, 2018 Inference
- Terrye L Bellas · General Partner · Aug 1, 2006 to Mar 29, 2018 Inference
- Todd Winthrop Morgenthaler · General Partner · Oct 1, 1998 to Mar 29, 2018 Inference
- Ching Mei Wu · Member Of Morgenthaler Advisors Ix, Llc · Dec 1, 2008 to Mar 29, 2018 Inference
- James William Broderick · Shareholder, Partner · Jun 1, 2009 to Jan 27, 2016 Inference
- Lisa Lynn Potocsnak · Vp Of Finance · Jan 1, 2013 to Mar 18, 2014 Inference
- Scott Dean Walters · Partner, Coo & Cco · Jan 1, 2013 to Jan 27, 2016 Inference
Investments on record
5 edges, 5 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Consumer Services | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Jobs | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Mobile Computing | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Software and Services | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Systems & Semiconductors | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“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
12 relationships from shared deals, counted for the whole firm
Liveoak Management Services, LLC 1 shared · one timeMadrona Venture Group, LLC 1 shared · one timeLeft Lane Capital 1 shared · one timeTeamworthy Group LLC 1 shared · one timeCrew Capital Management, LLC 1 shared · one timeTribeca Venture Partners 1 shared · one timeWest Rim 1 shared · one timeGrandBanks Capital 1 shared · one timeMatchstick Ventures, LLC 1 shared · one timeCofounders Capital 1 shared · one timeThrive Capital 1 shared · one timeKing River Capital Management Pty Ltd 1 shared · one time
Limited partners
2 disclosed
Timeline
30 dated events
- Sep 13, 2026Morgenthaler Management Corporation: INSTITUTIONAL_VC -> MICRO_VC (venture manager, reported GAV $0.0M across 1 vehicles)Classification changedClassificationInferenceno URL
- Sep 12, 2026Morgenthaler Management Corporation: PE_WITH_VENTURE_ACTIVITY -> INSTITUTIONAL_VC (venture manager with no reported fund assets yet (scale unknown))Classification changedClassificationInferenceno URL
- Mar 29, 2018Ching Mei Wu (Member Of Morgenthaler Advisors Ix, Llc) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Todd Winthrop Morgenthaler (General Partner) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Lisa Plain (Trustee) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Jaclyn Lettmann (Trustee) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Terrye L Bellas (General Partner) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Jason W Lettmann (Trustee) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Leslie Frances Moffot (Trustee) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Terrance Shawn Lynn (Trustee) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 29, 2018Gaye Elizabeth Morgenthaler (General Partner) no longer on Schedule A of Morgenthaler Management Corporation
- Mar 30, 2016Morgenthaler Venture Partners V, L.P. no longer reported on Form ADV by Morgenthaler Management CorporationFund no longer reportedFundsInferenceMorgenthaler Venture Partners V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 27, 2016James William Broderick (Shareholder, Partner) no longer on Schedule A of Morgenthaler Management Corporation
- Jan 27, 2016Scott Dean Walters (Partner, Coo & Cco) no longer on Schedule A of Morgenthaler Management Corporation
- Oct 1, 2015Travis John Boettner joined Schedule A of Morgenthaler Management Corporation as Vp Of Finance & Cco
- Jun 1, 2014Jason W Lettmann joined Schedule A of Morgenthaler Management Corporation as Trustee
- Jun 1, 2014Jaclyn Lettmann joined Schedule A of Morgenthaler Management Corporation as Trustee
- Mar 18, 2014Lisa Lynn Potocsnak (Vp Of Finance) no longer on Schedule A of Morgenthaler Management Corporation
- Jan 1, 2013Scott Dean Walters joined Schedule A of Morgenthaler Management Corporation as Partner, Coo & Cco
- Feb 13, 2012Morgenthaler Management Corporation first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 13, 2012Morgenthaler Venture Partners V, L.P. first reported on Form ADV by Morgenthaler Management Corporation (Venture Capital Fund), GAV $85,643,799Fund first reported on Form ADVFundsFactMorgenthaler Venture Partners V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 13, 2012Morgenthaler Venture Partners Ix, L.P. first reported on Form ADV by Morgenthaler Management Corporation (Venture Capital Fund), GAV $211,649,278Fund first reported on Form ADVFundsFactMorgenthaler Venture Partners Ix, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 1, 2010Henry Albert Plain joined Schedule A of Morgenthaler Management Corporation as Shareholder & Partner
- Dec 1, 2008Ching Mei Wu joined Schedule A of Morgenthaler Management Corporation as Member Of Morgenthaler Advisors Ix, Llc
- May 1, 2008Terrance Shawn Lynn joined Schedule A of Morgenthaler Management Corporation as Trustee
- May 1, 2008Leslie Frances Moffot joined Schedule A of Morgenthaler Management Corporation as Trustee
- Aug 1, 2006Terrye L Bellas joined Schedule A of Morgenthaler Management Corporation as General Partner
- Oct 1, 1998Gaye Elizabeth Morgenthaler joined Schedule A of Morgenthaler Management Corporation as General Partner
- Oct 1, 1998Todd Winthrop Morgenthaler joined Schedule A of Morgenthaler Management Corporation as General Partner
- Sep 1, 1994Lisa Plain joined Schedule A of Morgenthaler Management Corporation as Trustee
Classification history
- Sep 15, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $37.9M across 2 vehicles
- Sep 13, 2026Micro VC (probable, 80%, cls-1)venture manager, reported GAV $0.0M across 1 vehicles
- Sep 12, 2026Institutional venture firm (probable, 70%, cls-1)venture manager with no reported fund assets yet (scale unknown)
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 29% of 3 private funds
Evidence
60 observations from 3 sources