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.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Firms / N••• E••••• L••
N••• E••••• L••
Private equity with venture activity · probableSan Francisco, CAn•••••••••.comSEC registered investment adviser
N••• Equity is a growth-oriented private equity firm investing in founder-led software and fintech companies driving innovation and long-term value.
registered adviser; venture funds are 0% of 7 private funds
Importance
38
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
75
high
Freshness
99
high
Research priority
12
low
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 49 MORAGA AVENUE, San Francisco, CA, 94129adviserinfo.sec.gov
- Business phone
- 415-295-4636adviserinfo.sec.gov
- Website
- n•••••••••.com
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Aug 15, 2024
- Private funds reported
- 7 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $575Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $575Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 10
- Owners on Schedule A
- N••• E••••• M•••••• H•••••••• L• (Member), E
- business email
- info@nexaequity.comnexaequity.compublished by the subject
- business phone
- 415-295-4636adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
8 observed deals
Stated (the firm’s website)
- Sectors
- ai, climate, logistics, vertical saas
- Stages
- growth
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- growth investor
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 8
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| N••• H• I••••••• A••••••••• L• | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $131M Aug 15, 2024 | 11 | $55.0M of $55.0M | Apr 13, 2022 |
| N••• E••••• F••• I• L• | Fund · ADV: Private Equity Fund | 2021 form d first sale | Mature | $211M Aug 15, 2024 | 29 | $148M of $250M | Nov 23, 2022 |
| N••• J••• I••••••• A••••••••• L• | Fund · ADV: Private Equity Fund | 2021 form d first sale | Mature | $47.8M Aug 15, 2024 | 8 | $26.4M of $26.4M | Dec 17, 2021 |
| N••• C••••• S••• L• | SPV or co-invest vehicle · ADV: Private Equity Fund | 2021 form d first sale | Mature | $42.6M Aug 15, 2024 | 17 | $31.5M of $31.5M | Jun 3, 2021 |
| N••• E••••• F••• I••• L• | Feeder or parallel · ADV: Private Equity Fund | 2021 form d first sale | Mature | $36.1M Aug 15, 2024 | 6 | $148M of $250M | Nov 23, 2022 |
| N••• E••••• F••• I••• L• | Feeder or parallel · ADV: Private Equity Fund | 2021 form d first sale | Mature | $2.2M Aug 15, 2024 | 8 | $148M of $250M | Nov 23, 2022 |
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
19 current, 0 departed
D•••••• V••••••
AnalystAnalyst
B•••••• M•••••
AssociateAssociate
N••••••• B••••
AssociateAssociate
V••• B•••••••••
Managing partnerFounder and Managing Partner
V••••••• B•••••••••
Managing partnerFounder, Managing Partner, And Chief Compliance Officer · since Feb 1, 2020
C•••• B•••••
Operating partnerTechnology Operating Partner
D••• R••
Operating partnerOperating Partner
J•••• T••••••
Operating partnerOperating Partner
O••• F•••••
Operating partnerOperating Partner
T•••• Z•••••
Operating partnerOperating Partner
T•••• B••••••
Operating partnerOperating Partner
J••• M••••••
PartnerPartner
P•••• S••••••••
PartnerPartner
F••••• M••••
Platform and operationsCFO/COO/CCO
F••••• T•••• M••••
Platform and operationsChief Financial Officer And Chief Operating Officer · since Jul 1, 2024
I•••• L••••
Platform and operationsExecutive Assistant & Office M••••••
B•••• S••••
PrincipalPrincipal
C••••• C•••••••
Vice presidentSenior Associate
J•••• C••••••
Vice presidentVice President
Investments on record
8 edges, 8 companies, 0 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
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
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
8 dated events
- Jul 1, 2024F••••• T•••• M•••• joined Schedule A of N••• E••••• L•• as Chief Financial Officer And Chief Operating Officer
- May 6, 2022N••• H• I••••••• A••••••••• L• first reported on Form ADV by N••• E••••• L•• (Private Equity Fund), GAV $55,000,000Fund first reported on Form ADVFundsFactN••• H• I••••••• A••••••••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 6, 2022N••• J••• I••••••• A••••••••• L• first reported on Form ADV by N••• E••••• L•• (Private Equity Fund), GAV $30,247,516Fund first reported on Form ADVFundsFactN••• J••• I••••••• A••••••••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022N••• E••••• F••• I••• L• first reported on Form ADV by N••• E••••• L•• (Private Equity Fund), GAV $6,616,319Fund first reported on Form ADVFundsFactN••• E••••• F••• I••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022N••• E••••• F••• I• L• first reported on Form ADV by N••• E••••• L•• (Private Equity Fund), GAV $100,303,396Fund first reported on Form ADVFundsFactN••• E••••• F••• I• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022N••• E••••• F••• I••• L• first reported on Form ADV by N••• E••••• L•• (Private Equity Fund), GAV $1,450,077Fund first reported on Form ADVFundsFactN••• E••••• F••• I••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 19, 2021N••• E••••• L•• first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 19, 2021N••• C••••• S••• L• first reported on Form ADV by N••• E••••• L•• (Private Equity Fund), GAV $31,516,349Fund first reported on Form ADVFundsFactN••• C••••• S••• L•SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 0% of 7 private funds
Evidence
39 observations from 2 sources